NOT LISTED FOR SALE

Estimated Value: $1,408,000 - $1,707,000

5 Beds
1 Bath
400 Sq Ft
$3,838/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $985,000 $2,462 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,518/month

Highlights

  • Craftsman Architecture
  • No HOA
  • Patio
  • Woodrow Wilson High School Rated A
  • Views
  • Bike Trail

About This Home

As of February 2024

Beautiful Belmont Heights studio unit with separate kitchen and private yard. Perfect for BBQ, dinning or gardening. Newer kitchen and bathroom. Utilities included. Small dog ok.

Last Agent to Rent the Property

John Lerer

Coldwell Banker Realty License #01210171 Listed on: 01/22/2024

Coldwell Banker Realty

Last Renter's Agent

Daniel Willey

Compass License #02010488

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,036

Year Built

  • Built in 1918

Lot Details

  • 6,753 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Duplex
  • Craftsman Architecture
  • Studio

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Bathroom

Additional Features

  • Patio
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $1,850
  • Rent includes all utilities
  • 12-Month Minimum Lease Term
  • Available 3/1/24
  • Legal Lot and Block 21 / 4
  • Tax Tract Number 21
  • Assessor Parcel Number 7258025023

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Belmont Heights Subdivision

Recreation

  • Dog Park
  • Bike Trail

Pet Policy

  • Pet Size Limit
  • Pet Deposit $1,500
  • Dogs Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,036

Year Built

Built in 1918

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2024-03-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 1500
  • Deposit Security: 1850
  • Furnished: Unfurnished
  • Pets Allowed: Dogs OK, Size Limit
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Sub Type: Studio
  • Property Type: Residential Lease
  • Parcel Number: 7258025023
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 400.00 Square Feet
  • Stories: 1
  • Entry Location: ground
  • Common Walls: 1 Common Wall
  • Full And Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.62
  • Room Type: All Bedrooms Down

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6753.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Includes: All Utilities

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 5771.00
  • Tax Lot: 21
  • Tax Tract Number: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2023
Sold by
John Lerer Trust
Bought by
Lerer Legacy Properties Llc
Current Estimated Value
$1,535,214

Purchase Details

Closed on
Nov 6, 2019
Sold by
Lerer Legacy Properties Llc
Bought by
Lerer Catherine and John Lerer Trust

Purchase Details

Closed on
Mar 19, 2019
Sold by
Lerer Legacy Propeties Llc
Bought by
Lerer Legacy Propeties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,000
Interest Rate
3.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 18, 2018
Sold by
Mcgee Daniel M and Lerer Catherine A
Bought by
Lerer Legacy Properties Llc

Purchase Details

Listed on
Apr 13, 2017
Closed on
Jul 17, 2017
Sold by
Lerer John C and Mcgee Daniel M
Bought by
Lerer John C and Mcgee Daniel M
Seller's Agent
Ben Fisher
California Real Estate Company
Buyer's Agent
Rosanna Libertucci
West Shores Realty, Inc.
List Price
$985,000
Sold Price
$985,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%

Purchase Details

Closed on
May 16, 2017
Sold by
Kenneth Wangsness Joseph Mark and Kenneth Wanganess James
Bought by
Lerer John C and Mcgee Daniel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2001
Sold by
Wangsness Mary Louise
Bought by
The Mary Louise Wangsness Living Trust
Source: Public Records

Range of Values:

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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
Lerer Legacy Properties Llc -- None Listed On Document
Lerer Catherine -- None Available
Lerer Legacy Propeties Llc -- Commonwealth Land Title
Lerer Legacy Properties Llc -- None Available
Lerer John C -- First American Title Company
Lerer John C $985,000 First American Title Company
The Mary Louise Wangsness Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lerer Legacy Propeties Llc $634,000
Previous Owner Lerer John C $645,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Rented $1,850 0.0% --
01/22/2024 01/22/24 For Rent $1,850 0.0% --
07/18/2017 07/18/17 Sold $985,000 0.0% $347 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/13/2017 04/13/17 For Sale $985,000 -- $347 / 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 $14,036 $1,107,199 $720,643 $386,556
2024 $14,036 $1,085,490 $706,513 $378,977
2023 $13,804 $1,064,207 $692,660 $371,547
2022 $12,955 $1,043,341 $679,079 $364,262
2021 $12,700 $1,022,884 $665,764 $357,120
2020 $12,815 $1,024,794 $717,876 $306,918
2019 $12,666 $1,004,700 $703,800 $300,900
2018 $12,308 $985,000 $690,000 $295,000
2016 $2,715 $203,062 $38,287 $164,775
2015 $2,613 $200,012 $37,712 $162,300
2014 $2,607 $196,095 $36,974 $159,121
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24013506

California Regional Multiple Listing Service (CRMLS)

APN: 7258-025-023