NOT LISTED FOR SALE

5218 E The Toledo Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,646,000 - $2,035,974

5 Beds
3 Baths
2,292 Sq Ft
$793/Sq Ft Est. Value

Last Sold December 13, 2016

Last sale price $1,300,000 $567 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,232/month

165 Days on Market

Highlights

  • Fishing
  • Private Yard
  • Neighborhood Views
  • Lowell Elementary School Rated A-
  • No HOA
  • 4-minute walk to Livingston Drive Park

About This Home

As of December 2016

These three units were constructed by, and owned by the same family since the 1940's. Excellent location, easy walk to the water and top restaurants on 2nd St. In Belmont Shore. The front units are 2 bed one bath 2 story units. The owners occupy one unit which features original hard- wood floors and an amazing deck on the second floor. The deck doubles as a one to two car carport below. In addition to the carport is a detached full two car garage with laundry facilities. Off street parking is essential this close to the beach! The back unit is a cute one bedroom detached house facing Corona Ave. The electrical has been upgraded with three individual panels/meters and there are four gas meters, one for each unit and one for the laundry. The large 5,000 lot allows for individual patio areas for each unit. This property would be ideal to convert the two units into one as a primary residence with the third unit as a rental or guest house. Many people also believe it would be a great weekend/vacation spot with two rentals to help cover any expenses and watch over the property while the owner is away. rentals are on month-to-month basis and are below market.

Last Agent to Sell the Property

Kevin Matson

Matson, Kevin License #01265259 Listed on: 06/05/2016

Last Buyer's Agent

Michael Belisle

LB Brokerage, Inc License #00772872

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 5,008 Sq Ft Lot
  • 1 Common Wall
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Property Attached

Interior Spaces

  • 2,292 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 3885
  • Assessor Parcel Number 7249028004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Fishing

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 7249028004
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 567.19

Exterior Features

  • View: Neighborhood
  • Fencing: Average Condition
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating: Yes
  • Heating Type: Central

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Landscaped, Rectangular Lot, Level with Street, Yard
  • Lot Size Sq Ft: 5008.00
  • Price Per Lot Square Foot: 259.38

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Waterfront Features: Fishing in Community

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2016
Closed on
Nov 28, 2016
Sold by
Price Robert J
Bought by
Chrisman Gary Roy and Chrisman Linda Smith
Seller's Agent
Kevin Matson
Matson, Kevin
Buyer's Agent
Michael Belisle
LB Brokerage, Inc
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$1,817,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,744
Avg. Annual Appreciation
3.73%

Purchase Details

Closed on
Nov 26, 2013
Sold by
Price Robert J
Bought by
Price Robert J and Price Virginia

Purchase Details

Closed on
May 23, 2003
Sold by
Price Virginia A
Bought by
Price Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2003
Sold by
Nelson Christine A and Price Robert Joseph
Bought by
Price Robert Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1997
Sold by
Price Dorothy A
Bought by
Rpice Dorothy Anna and The Dorothy Anna Price Revocab
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chrisman Gary Roy $1,300,000 Ticor Title
Price Robert J -- None Available
Price Robert J -- First American Title Co
Price Robert J -- First American Title Co
Price Robert Joseph -- --
Rpice Dorothy Anna -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Price Robert J $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2016 12/13/16 Sold $1,300,000 0.0% $567 / Sq Ft
12/04/2016 12/04/16 Off Market $1,300,000 -- --
11/13/2016 11/13/16 Price Changed $1,300,000 +13.0% $567 / Sq Ft
11/12/2016 11/12/16 Price Changed $1,150,000 -11.5% $502 / Sq Ft
10/26/2016 10/26/16 Price Changed $1,300,000 0.0% $567 / Sq Ft
10/26/2016 10/26/16 For Sale $1,300,000 0.0% $567 / Sq Ft
06/28/2016 06/28/16 Off Market $1,300,000 -- --
06/05/2016 06/05/16 For Sale $1,299,000 -- $567 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,020 $1,508,755 $812,407 $696,348
2024 $19,020 $1,479,173 $796,478 $682,695
2023 $18,703 $1,450,170 $780,861 $669,309
2022 $17,547 $1,421,736 $765,550 $656,186
2021 $17,209 $1,393,860 $750,540 $643,320
2020 $17,165 $1,379,569 $742,845 $636,724
2019 $16,964 $1,352,520 $728,280 $624,240
2018 $16,504 $1,326,000 $714,000 $612,000
2016 $1,998 $133,750 $99,386 $34,364
2015 $1,928 $131,742 $97,894 $33,848
2014 $1,933 $129,162 $95,977 $33,185
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kevin Matson

    Matson, Kevin

    Section Image

  • M

    Buyer's Agent in 2016

    Michael Belisle

    LB Brokerage, Inc

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16121885

California Regional Multiple Listing Service (CRMLS)

APN: 7249-028-004

California Los Angeles County Long Beach 90803 Belmont Shore

5218 E The Toledo, Long Beach, CA

Not Listed for Sale

MultiFamily

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