NOT LISTED FOR SALE

601 Roycroft Ave Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,334,000 - $1,443,000

5 Beds
2 Baths
2,384 Sq Ft
$581/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $950,000 $398 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $8,694/month

2 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Laundry Room
  • Fremont Elementary School Rated A
  • Corner Lot
  • Landscaped

About This Home

As of February 2021

Great opportunity to own a duplex in Belmont Heights! This property offers two homes on one lot with no shared walls. The two homes are separated by a garage that is currently shared by the tenants of each home. The 1st house offers 3 bedrooms and 1 bathroom, the 2nd house offers 2 bedrooms and 1 bathroom for a total of 2,384 sq feet of living space. Both units have inside laundry and patio space. The property is in close proximity to the Lagoon, golf course, Belmont Shore, Cal State, and freeway access. It is being sold together with improvements thereon as-is, where is, with no warranty expressed or implied. Cash offers preferred. Please submit all offers with proof of funds.

Last Agent to Sell the Property

Nathan Gruber

The Group Realty, Inc. License #01869238 Listed on: 02/12/2021

Last Buyer's Agent

Jeff Warren

Compass License #02040656

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,059

Year Built

  • Built in 1932

Lot Details

  • 5,142 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 2,384 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 34
  • Tax Tract Number 8106
  • Assessor Parcel Number 7241017031

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Belmont Heights Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $2,707
  • Operating Expense $3,907
  • Gross Income $25,800
  • Net Operating Income $21,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,059

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 7145048771
  • Other Phone Number: 7145048771
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7241017031
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 398.49
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped
  • Lot Size Sq Ft: 5142.00
  • Lot Size Acres: 0.1180

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 25800.00
  • Gross Scheduled Income: 25800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5142.0000 Square Feet
  • Net Operating Income: 21893.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3907.00
  • Rent Control: No
  • Total Expenses: 3907.00

Tax Info

  • New Taxes Expense: 2707.00
  • Tax Census Tract: 5776.03
  • Tax Lot: 34
  • Tax Tract Number: 8106

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
Ramezani and Parisa
Bought by
Ramezani Kourosh and Ramezani Parisa
Current Estimated Value
$1,389,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$787,083
Interest Rate
5.25%
Mortgage Type
Balloon
Estimated Equity
$597,130

Purchase Details

Listed on
Feb 12, 2021
Closed on
Feb 23, 2021
Sold by
Leininger Jeannie Rice
Bought by
Ramezani Kourosh and Nikaiin Parisa
Seller's Agent
Nathan Gruber
The Group Realty, Inc.
Buyer's Agent
Jeff Warren
Compass
List Price
$999,999
Sold Price
$950,000
Premium/Discount to List
-$49,999
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%

Purchase Details

Closed on
Jul 22, 2013
Sold by
Leininger Jerald R and Rice Leininger Jeannie
Bought by
Leininger Jerald R and Leininger Jeannie Rice

Purchase Details

Closed on
Jan 7, 2008
Sold by
Leininger Jerald R and Rice Leininger Jeannie
Bought by
Leininger Jerald R and Rice Leininger Jeannie

Purchase Details

Closed on
Dec 22, 1997
Sold by
Leininger Jerald R
Bought by
Leininger Jerald R and Leininger Jean L
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Ramezani Kourosh -- Lawyers Title
Ramezani Kourosh $950,000 Chicago Title Company
Leininger Jerald R -- None Available
Leininger Jerald R -- None Available
Leininger Jerald R -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramezani Kourosh $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $950,000 -5.0% $398 / Sq Ft
02/16/2021 02/16/21 For Sale $999,999 +5.3% $419 / Sq Ft
02/12/2021 02/12/21 Off Market $950,000 -- --
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 $13,059 $1,028,307 $671,106 $357,201
2024 $13,059 $1,008,146 $657,948 $350,198
2023 $12,843 $988,380 $645,048 $343,332
2022 $12,054 $969,000 $632,400 $336,600
2021 $2,745 $188,267 $76,831 $111,436
2020 $2,737 $186,338 $76,044 $110,294
2019 $2,707 $182,685 $74,553 $108,132
2018 $2,545 $179,104 $73,092 $106,012
2016 $2,330 $172,151 $70,254 $101,897
2015 $2,244 $169,566 $69,199 $100,367
2014 $2,240 $166,245 $67,844 $98,401
Source: Public Records

Agents Affiliated with this Home

  • Nathan Gruber

    Seller's Agent in 2021

    Nathan Gruber

    The Group Realty, Inc.

    (949) 500-2152

    1 in this area

    111 Total Sales

    Section Image
  • Jeff Warren

    Buyer's Agent in 2021

    Jeff Warren

    Compass

    (310) 487-9266

    1 in this area

    89 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21029694

California Regional Multiple Listing Service (CRMLS)

APN: 7241-017-031

California Los Angeles County Long Beach 90814 Belmont Heights

601 Roycroft Ave, Long Beach, CA

This home is located at 601 Roycroft Ave, Long Beach, CA 90814 since 12 February 2021 and is currently estimated at $1,384,213, approximately $580 per square foot. This property was built in 1932. 601 Roycroft Ave is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Rogers Middle School, and Woodrow Wilson High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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