A
Seller's Agent in 2025
AJ Nay
AJ Nay, Broker
5290 E Division St Long Beach, CA 90803
Belmont Shore Neighborhood
--
Bed
3
Baths
2,712
Sq Ft
3,485
Sq Ft Lot
Highlights
- Corner Lot
- Naples Bayside Academy Rated A
- Laundry Room
About This Home
As of August 2025Income and expense are using projected market rents and put property operating at projected 5.48% Cap and 12.4X Gross (Estimated current 4.34% and 14.4X). Located in the affluent community of Belmont Shore, a Southern California beach community and “college town” being just a few minutes from CSU Long Beach. Both buildings (also for sale with 102 Argonne 10U for $2,750,000) are meticulously cared for, and both have been upgraded with copper plumbing, and most unit interiors have been upgraded. The investment provides the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. Laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. Some units may be rented at amounts different than current income rent roll. Insurance rates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. Street parking only.
Last Agent to Sell the Property
AJ Nay
AJ Nay, Broker Brokerage Phone: 305-433-3300 License #01249470 Listed on: 04/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 3,485 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3 Bathrooms
- 2,712 Sq Ft Home
- 2-Story Property
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 2 / 37
- Tax Tract Number 3885
- Assessor Parcel Number 7247011015
Community Details
Overview
- 2 Buildings
- 8 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,421
- Insurance Expense $7,800
- Maintenance Expense $7,485
- Water Sewer Expense $5,269
- New Taxes Expense $27,950
- Operating Expense $50,925
- Gross Income $148,800
- Net Operating Income $117,855
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Sold | $2,000,000 | -7.0% | $737 / Sq Ft |
| 04/30/2025 04/30/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $2,150,000 | -- | $793 / 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 | $10,415 | $751,261 | $337,215 | $414,046 |
| 2024 | $10,415 | $736,531 | $330,603 | $405,928 |
| 2023 | $10,222 | $722,090 | $324,121 | $397,969 |
| 2022 | $9,609 | $707,932 | $317,766 | $390,166 |
| 2021 | $9,394 | $694,052 | $311,536 | $382,516 |
| 2019 | $9,258 | $674,508 | $302,297 | $372,211 |
| 2018 | $9,025 | $661,304 | $296,370 | $364,934 |
| 2016 | $8,322 | $634,626 | $284,862 | $349,764 |
| 2015 | $8,001 | $625,095 | $280,584 | $344,511 |
| 2014 | $7,982 | $612,851 | $275,088 | $337,763 |
Source: Public Records
Agents Affiliated with this Home
-
-
Alec Kara
Buyer's Agent in 2025
Alec Kara
Keller Williams Pacific Estate
(562) 513-7800
3 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25090414
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 143 Pomona Ave
- 131 Santa Ana Ave
- 66 Pomona Ave
- 158 Santa Ana Ave
- 40 La Verne Ave
- 75 Claremont Ave
- 5339 E Ocean Blvd
- 40 Claremont Ave
- 210 Glendora Ave
- 153 Granada Ave
- 207 Santa Ana Ave
- 215 Glendora Ave
- 75 Granada Ave
- 74 Argonne Ave
- 224 Covina Ave
- 229 La Verne Ave
- 28 Argonne Ave
- 140 Saint Joseph Ave
- 150 Saint Joseph Ave
- 104 Saint Joseph Ave
Your Personal Tour Guide
Ask me questions while you tour the home.