B
Seller's Agent in 2018
Burt Teplitzky
West Coast Investment Properties
(310) 926-5549
3 Total Sales
520 Newport Ave Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,361,000 - $1,709,789
5
Beds
4
Baths
2,286
Sq Ft
$664/Sq Ft
Est. Value
Highlights
- Parking available for a boat
- Attached Guest House
- Sauna
- Woodrow Wilson High School Rated A
- Above Ground Spa
- Bluff View
About This Home
As of March 2018Rare on Market! Very recent closed comp at 245 Termino LB for $1,150,000. Upgraded in 1988, This duplex (two houses on a lot) has the main house in front and the smaller in the rear, it's in Long Beach Heights area and is located near freeways, restaurants and is walking distance to Starbucks:) The front house is 520 Newport Ave (3 bedroom, 2 bath- 1,1358 SF) and the back is 524 Newport Ave (2 bedroom, 2 bath-about 928SF). So, total, it's a 5 bedroom 4 bath about 2286 square feet property located on a lot that is almost 7000 SF. It was built in 1920 and looks to be in pretty good shape. Great for investors or someone who wants to live in one unit and rent out the other. You should drive by, you won't be wasting your time...and if you do, don't forget to stop at Starbucks and get something for me:)
Take a look at the pics from the rear unit (524), which appears to be 2 bedroom, 2 bath, 900 SF-newly renovated. 520 looks similar and seems to be in good condition recently renovated as well. It has central heat and air.
Last Agent to Sell the Property
West Coast Investment Properties License #00906877 Listed on: 01/16/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 6,750 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in fair condition
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- 5 Open Parking Spaces
- Parking Available
- Side Facing Garage
- Two Garage Doors
- Garage Door Opener
- Driveway
- Guest Parking
- Parking available for a boat
Property Views
- Bluff
- Mountain
- Neighborhood
Home Design
- Duplex
- Craftsman Architecture
- Bungalow
- Cosmetic Repairs Needed
- Combination Foundation
- Asbestos Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,286 Sq Ft Home
- 2-Story Property
- High Ceiling
- Blinds
- Family Room with Fireplace
- Living Room with Attached Deck
- Living Room Balcony
- Sauna
- Wood Flooring
- Laundry Room
Kitchen
- Self-Cleaning Oven
- Microwave
- Portable Dishwasher
- Tile Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 4 Bathrooms
Outdoor Features
- Above Ground Spa
- Rain Gutters
Additional Homes
- Attached Guest House
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 5
- Assessor Parcel Number 7257001007
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,200
- Insurance Expense $300
- Trash Expense $250
- Water Sewer Expense $250
- New Taxes Expense $4,000
- Operating Expense $6,000
- Gross Income $56,700
- Net Operating Income $55,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 29, 2019
Sold by
Ahn Brian and Friedman Diana
Bought by
Ahn Brian and Ahn Grace
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
$435,000
Outstanding Balance
$383,239
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$1,135,458
Purchase Details
Listed on
Jan 16, 2018
Closed on
Feb 26, 2018
Sold by
Ahn Grace
Bought by
Ahn Brian
Seller's Agent
Burt Teplitzky
West Coast Investment Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,200,000
Sold Price
$1,060,000
Premium/Discount to List
-$140,000
-11.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$440,000
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 16, 2018
Closed on
Feb 23, 2018
Sold by
Patterson Ron F and Patterson Beth K
Bought by
Ahn Brian and Friedman Diana
Seller's Agent
Burt Teplitzky
West Coast Investment Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,200,000
Sold Price
$1,060,000
Premium/Discount to List
-$140,000
-11.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
4.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2002
Sold by
Patterson Beth K
Bought by
Patterson Ron E and Patterson Beth K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 1, 2001
Sold by
Patterson Ronald E
Bought by
Patterson Beth K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
8.2%
Purchase Details
Closed on
Jun 27, 2001
Sold by
Brakebill Brent
Bought by
Patterson Beth K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
8.2%
Purchase Details
Closed on
Dec 16, 1997
Sold by
Brakebill Brent and Brakebill Dorothy
Bought by
Brakebill Brent
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.22%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ahn Brian | -- | Provident Title Company | |
| Ahn Brian | -- | Orange Coast Title Company | |
| Friedman Diana | -- | Orange Coast Title Company | |
| Ahn Brian | $1,060,000 | Orange Coast Title Company | |
| Patterson Ron E | -- | First American Title Ins Co | |
| Patterson Beth K | -- | Equity Title | |
| Patterson Beth K | $430,000 | Equity Title | |
| Brakebill Brent | -- | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ahn Brian | $435,000 | |
| Closed | Ahn Brian | $440,000 | |
| Previous Owner | Patterson Ron E | $85,000 | |
| Previous Owner | Patterson Beth K | $344,000 | |
| Previous Owner | Brakebill Brent | $40,000 | |
| Closed | Patterson Beth K | $64,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2018 03/06/18 | Sold | $1,060,000 | -11.7% | $464 / Sq Ft |
| 02/02/2018 02/02/18 | Pending | -- | -- | -- |
| 01/16/2018 01/16/18 | For Sale | $1,200,000 | -- | $525 / 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 |
|---|---|---|---|---|
| 2025 | $15,255 | $1,206,095 | $841,991 | $364,104 |
| 2024 | $15,255 | $1,182,447 | $825,482 | $356,965 |
| 2023 | $15,004 | $1,159,263 | $809,297 | $349,966 |
| 2022 | $14,081 | $1,136,533 | $793,429 | $343,104 |
| 2021 | $13,810 | $1,114,249 | $777,872 | $336,377 |
| 2020 | $13,774 | $1,102,824 | $769,896 | $332,928 |
| 2019 | $13,614 | $1,081,200 | $754,800 | $326,400 |
| 2018 | $10,337 | $558,278 | $363,532 | $194,746 |
| 2016 | $6,535 | $536,601 | $349,416 | $187,185 |
| 2015 | $6,273 | $528,542 | $344,168 | $184,374 |
| 2014 | $6,233 | $518,190 | $337,427 | $180,763 |
Source: Public Records
Agents Affiliated with this Home
-
Burt Teplitzky
-
NoEmail NoEmail
N
Buyer's Agent in 2018
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
6,219 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18011896
APN: 7257-001-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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