NOT LISTED FOR SALE
-- Bed
-- Bath
4,866 Sq Ft
3,333 Sq Ft Lot

Last Sold July 12, 2018

Last sale price $3,100,000 $637 Per Sq Ft

63 Days on Market

About This Home

As of July 2018

Belmont Shore Oceanfront Apartment Homes, a multifamily property of 8 units in Long Beach, California. The property, located in the highly desirable area of Belmont Shore, an exclusive seaside community of Long Beach, is just steps from the sand and within walking distance to 2nd Street. Built in 1950, the property consists of 4,866 rentable square feet on a 3,333-square foot lot. The unit mix includes (2) studio units, (4) one bedroom/one bath units and (2) two-bedroom/one-bath units. Located on Ocean Boulevard, this pride of ownership asset is located in one of the premier recreational areas of Southern California. The city is widely known for its quiet beaches, popular surf spots and quaint neighborhoods filled with hometown appeal. Nearby attractions include Belmont Shore's 2nd Street, Bayshore Beach, Naples Island, Belmont Pier, Long Beach Museum of Art and Alamitos Bay.

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 04/16/2018

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 04/16/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3,333 Sq Ft Lot

Interior Spaces

  • 4,866 Sq Ft Home
  • 2-Story Property

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7247-026-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4866
  • Stories: 2
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 723.39

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Lot Info

  • Assessed Improvement Value: 622573
  • Assessed Land Value: 1247711
  • Assessor Parcel Number: 7247-026-025
  • Geocode Override: No
  • Lot Size Area: 3333

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.95
  • Number Of Units: 8
  • Type Of Units: Apartments

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2018 07/12/18 Sold $3,100,000 -11.9% $637 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $3,520,000 -- $723 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $44,325 $3,527,267 $2,844,571 $682,696
2024 $44,325 $3,458,106 $2,788,796 $669,310
2023 $43,579 $3,390,301 $2,734,114 $656,187
2022 $25,668 $2,045,424 $1,364,552 $680,872
2021 $25,150 $2,005,319 $1,337,797 $667,522
2019 $24,789 $1,946,942 $1,298,118 $648,824
2018 $24,207 $1,908,789 $1,272,665 $636,124
2016 $22,276 $1,833,613 $1,223,247 $610,366
2015 $21,378 $1,806,071 $1,204,873 $601,198
2014 $21,571 $1,800,000 $1,200,000 $600,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-333996

The MLS