5117 E The Toledo Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,725,000 - $2,139,000
4
Beds
4
Baths
2,880
Sq Ft
$684/Sq Ft
Est. Value
Highlights
- Marina
- Lawn
- Floor Furnace
- Lowell Elementary School Rated A-
- Laundry Room
- 3-minute walk to Livingston Drive Park
About This Home
As of July 2016Recently upgraded and located in one of the most desirable areas of Long Beach (Belmont Shore) This fantastic 4-unit property was just renovated. New upgrades include new carpeting, bathroom upgrades, new landscaping, govt compliance's, polished hardwood floors, and complete fresh paint throughout both the interior and exterior of the property. The property is also individually metered for gas and electricity and offers a small on site laundry for tenant convenience. 4 parking spaces are available from 2 covered garages. The detached garage structure may be able to support an additional unit (buyer to verify all permits and regulations with the city) With its great location and close proximity to shopping, restaurants, the beach, marina, and the Sailing & Aquatics Center this property has huge upside in both future rents and property valuations. Also, the property is not located in rent controlled area!
Last Agent to Sell the Property
Behzad Saboorian
Fine Properties & Estates License #01224928 Listed on: 06/13/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,758
Year Built
- Built in 1943 | Remodeled
Lot Details
- 5,192 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Partially Fenced Property
- Block Wall Fence
- Lawn
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
- Community Parking Structure
Home Design
- 2,880 Sq Ft Home
- Property Attached
- Turnkey
- Composition Roof
- Stucco
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Termite Clearance
Utilities
- Floor Furnace
- Wall Furnace
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV
- Tax Lot 18
- Tax Tract Number 11625
- Assessor Parcel Number 7249012018
Community Details
Recreation
- Marina
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Electric Expense $708
- Gardener Expense $1,200
- Insurance Expense $2,900
- Water Sewer Expense $384
- Gross Income $5,770
- Net Operating Income $67,820
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 29, 2018
Sold by
Long Beach Trading Company Inc
Bought by
Seaward Road Toledo Llc
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 5, 2017
Sold by
Seaward Road Toledo Llc
Bought by
Long Beach Trading Company Inc
Purchase Details
Listed on
Jun 13, 2016
Closed on
Jul 19, 2016
Sold by
Keshishian Missak
Bought by
Seaward Road Toledo Llc
Seller's Agent
Behzad Saboorian
Fine Properties & Estates
Buyer's Agent
Harrison Hyde
Harrison Hyde, Broker
List Price
$1,329,000
Sold Price
$1,325,000
Premium/Discount to List
-$4,000
-0.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%
Purchase Details
Listed on
Aug 18, 2015
Closed on
Feb 24, 2016
Sold by
Guzman Matthew
Bought by
Keshishian Missak and Belmonts Trust
Seller's Agent
Behzad Saboorian
Fine Properties & Estates
Buyer's Agent
Arman Tatevossian
Arman Tatevossian
List Price
$800,000
Sold Price
$950,000
Premium/Discount to List
$150,000
18.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
134.69%
Original Mortgage
$855,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 3, 2004
Sold by
King Kevin J
Bought by
Guzman Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 5, 2004
Sold by
King Kevin J
Bought by
King Kevin J and King Tracy K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
5.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 6, 2002
Sold by
King Kevin J
Bought by
King Kevin J and King Tracy K
Purchase Details
Closed on
Sep 5, 2000
Sold by
King Tracy K
Bought by
King Kevin J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
8.13%
Purchase Details
Closed on
Aug 2, 2000
Sold by
Martz Gayle L
Bought by
King Kevin J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
8.13%
Purchase Details
Closed on
Mar 24, 1998
Sold by
And Anita Manley Trust Manley, Allen F And An
Bought by
Martz Gayle L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
7.07%
Mortgage Type
Seller Take Back
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Seaward Road Toledo Llc | -- | None Available | |
| Long Beach Trading Company Inc | -- | None Available | |
| Seaward Road Toledo Llc | $1,325,000 | Priority Title | |
| Keshishian Missak | $950,000 | Priority Title | |
| Guzman Matthew | $1,200,000 | Fatcola | |
| King Kevin J | -- | First American Title Co Los | |
| King Kevin J | -- | First American Title Co | |
| King Kevin J | -- | Landsafe Title | |
| King Kevin J | $450,000 | Landsafe Title | |
| Martz Gayle L | $377,500 | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Seaward Road Toledo Llc | $750,000 | |
| Closed | Seaward Road Toledo Llc | $910,000 | |
| Previous Owner | Keshishian Missak | $855,000 | |
| Previous Owner | Guzman Matthew | $975,000 | |
| Previous Owner | Guzman Matthew | $195,000 | |
| Previous Owner | Guzman Matthew | $750,000 | |
| Previous Owner | King Kevin J | $414,000 | |
| Previous Owner | King Kevin J | $415,000 | |
| Previous Owner | King Kevin J | $412,000 | |
| Previous Owner | King Kevin J | $408,000 | |
| Previous Owner | King Kevin J | $405,000 | |
| Previous Owner | Martz Gayle L | $302,000 | |
| Closed | Guzman Matthew | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2016 07/29/16 | Sold | $1,325,000 | -0.3% | $460 / Sq Ft |
| 06/14/2016 06/14/16 | Pending | -- | -- | -- |
| 06/13/2016 06/13/16 | For Sale | $1,329,000 | +39.9% | $461 / Sq Ft |
| 03/09/2016 03/09/16 | Sold | $950,000 | +18.8% | $330 / Sq Ft |
| 09/02/2015 09/02/15 | Pending | -- | -- | -- |
| 08/18/2015 08/18/15 | For Sale | $800,000 | -- | $278 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $19,758 | $1,507,618 | $1,024,044 | $483,574 |
| 2023 | $19,419 | $1,478,058 | $1,003,965 | $474,093 |
| 2022 | $18,003 | $1,449,078 | $984,280 | $464,798 |
| 2021 | $17,650 | $1,420,666 | $964,981 | $455,685 |
| 2019 | $17,398 | $1,378,530 | $936,360 | $442,170 |
| 2018 | $16,958 | $1,351,500 | $918,000 | $433,500 |
| 2016 | $16,922 | $1,412,989 | $647,620 | $765,369 |
| 2015 | $12,502 | $1,060,000 | $660,000 | $400,000 |
| 2014 | $12,654 | $1,060,000 | $660,000 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
B
Seller's Agent in 2016
Behzad Saboorian
Fine Properties & Estates
-
Harrison Hyde
Buyer's Agent in 2016
Harrison Hyde
Harrison Hyde, Broker
(562) 833-4450
10 Total Sales
-
Arman Tatevossian
A
Buyer's Agent in 2016
Arman Tatevossian
Arman Tatevossian
(818) 207-1346
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16127091
APN: 7249-012-018
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