$1,150,000
SOLD OCT 30, 2020
4 Beds
2 Baths
1,763 Sq Ft
3,600 Sq Ft Lot

Recently Sold

$652 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Oversized Parking
  • Naples Bayside Academy Rated A
  • Neighborhood Views
  • Double Pane Windows

About This Home

As of October 2020

Here's your chance to own a duplex on Naples Island, one of Long Beach's most sought after beachside destinations! Located in the vicinity of all that Naples and Belmont Shore have to offer including Mother's Beach (two blocks), Alamitos Bay Marina, yacht clubs, fine dining and shopping along the popular 2nd Street and at the newly developed 2nd & PCH market place. Each unit contains 2 bedrooms and 1 bath, has hardwood floors and has been upgraded and lovingly maintained by one owner for 35 years. The larger rear town, and house-style unit is currently available and perfect for an owner-user to move into or an investor looking to rent the unit at market rate. The ground floor living room with french doors opens to a secluded patio with tropical plants that's perfect for outdoor entertaining. The large kitchen and dining area features custom cabinets and granite countertops. The oversized 2 car garage features a built-in workbench, storage area and a second washer and dryer. The 2 bedroom, 1 bath front unit also has an updated kitchen and bath, with granite counter tops, as well as its own in-unit washer and dryer. Other property upgrades include a termite fumigation and complete high quality exterior paint job in 2019, copper plumbing, and upgraded electrical service/complete rewiring of both units. Don't miss this opportunity to own a piece of Naples Island!

Last Agent to Sell the Property

Harrison Hyde

Harrison Hyde, Broker License #01924379 Listed on: 08/27/2020

Last Buyer's Agent

Cynthia Swenson

Real Broker License #02018006

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,606

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 3,600 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Oversized Parking
  • Parking Available
  • Rear-Facing Garage
  • Driveway Level

Home Design

  • Duplex
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,763 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Window Screens
  • French Doors
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 17 / 10
  • Tax Tract Number 7118
  • Assessor Parcel Number 7243003015

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Naples Subdivision

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,803
  • Maintenance Expense $2,225
  • Water Sewer Expense $800
  • New Taxes Expense $14,375
  • Operating Expense $20,103
  • Gross Income $55,620
  • Net Operating Income $32,736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,606

Year Built

Built in 1947 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Washer, Dryers, Refrigerators, and Stoves
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Naples (NA)
  • View: Yes
  • Water Sewer Expenses: 800.00
  • Zoning: LBR2S
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7243003015
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: French Doors
  • Levels: Two
  • Price Per Square Foot: 652.30
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, Garage, Garage Faces Rear, Oversized
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Rectangular Lot, Level
  • Lot Size Sq Ft: 3600.00
  • Lot Size Acres: 0.0826

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 55620.00
  • Gross Scheduled Income: 55620.00
  • Insurance Expense: 1803.00
  • Lot Size Area: 3600.0000 Square Feet
  • Maintenance Expense: 2225.00
  • Net Operating Income: 32736.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 20103.00
  • Rent Control: Yes
  • Total Expenses: 20103.00

Tax Info

  • New Taxes Expense: 14375.00
  • Tax Block: 10
  • Tax Census Tract: 5775.01
  • Tax Lot: 17
  • Tax Tract Number: 7118

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Sep 15, 2020
Sold by
Farmer Loraine Katz
Bought by
Farmer Brian
Seller's Agent
Harrison Hyde
Harrison Hyde, Broker
Buyer's Agent
Cynthia Swenson
Real Broker
List Price
$1,150,000
Sold Price
$1,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$625,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2020
Closed on
Sep 10, 2020
Sold by
Rice Stephanie S and The Stephanie Rice Trust
Bought by
Farmer Brian
Seller's Agent
Harrison Hyde
Harrison Hyde, Broker
Buyer's Agent
Cynthia Swenson
Real Broker
List Price
$1,150,000
Sold Price
$1,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2020
Sold by
Rice Stephane S
Bought by
Rice Stephanie S and The Stephanie Rice Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2012
Sold by
Rice Stephanie S
Bought by
Rice Stephanie S and Rice David Randell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Ticor Title Company Of Ca
Grant Deed $1,150,000 Ticor Title Company Of Ca
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $661,000 New Conventional
Previous Owner $625,000 New Conventional
Previous Owner $235,000 New Conventional
Previous Owner $170,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 For Rent $3,200 +7.6% --
05/27/2024 05/27/24 Rented $2,975 0.0% --
05/20/2024 05/20/24 For Rent $2,975 0.0% --
10/30/2020 10/30/20 Sold $1,150,000 0.0% $652 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $1,150,000 -- $652 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,606 $1,244,795 $865,945 $378,850
2024 $15,606 $1,220,388 $848,966 $371,422
2023 $15,347 $1,196,460 $832,320 $364,140
2022 $14,380 $1,173,000 $816,000 $357,000
2021 $14,120 $1,150,000 $800,000 $350,000
2019 $4,561 $342,436 $189,560 $152,876
2018 $4,393 $335,723 $185,844 $149,879
2016 $4,038 $322,688 $178,628 $144,060
2015 $3,879 $317,842 $175,945 $141,897
2014 $3,859 $311,617 $172,499 $139,118
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20174673

California Regional Multiple Listing Service (CRMLS)

APN: 7243-003-015