NOT LISTED FOR SALE

65 Prospect Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,400,000 - $1,808,000

4 Beds
3 Baths
2,278 Sq Ft
$705/Sq Ft Est. Value

Last Sold October 25, 2012

Last sale price $770,000 $338 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $9,738/month

88 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Burning Fireplace
  • No Heating
  • Lowell Elementary School Rated A-
  • Carpet

About This Home

As of October 2012

Located in beautiful Belmont Shore, just a block from the beach and an easy walk to popular 2nd Street. A great place to park the car and enjoy the amenities Belmont Shore has to offer. Both units have an open floor plan with a fire place in each unit. The upstairs has a front balcony and a deck off the back. Easy to rent because it has garages, extra parking, laundry hookups and best of all a desirable beachside location.

Last Agent to Sell the Property

Alice Markle

Realty One Group Diamond License #01398566 Listed on: 06/13/2012

Last Buyer's Agent

Charles Ramsdell

Keller and Associates Realty/P License #00649514

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,078

Year Built

  • Built in 1923

Lot Details

  • 3,157 Sq Ft Lot
  • Property fronts an alley

Parking

  • 3 Parking Spaces

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 2,278 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Legal Lot and Block 16 / 10
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256035016

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $208
  • Pest Control $584
  • New Taxes Expense $10,312
  • Gross Income $3,325
  • Net Operating Income $37,911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,078

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.77
  • Road Frontage Type: Alley
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7256035016
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Fireplace Features: Electric, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 338.02

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 584.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3157.00
  • Lot Size Acres: 0.0720

Rental Info

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

Multi Family

  • Average2 Bed Area: 1100
  • Electric Expense: 208.00
  • Gross Income: 3325.00
  • Gross Multiplier: 19.92
  • Gross Scheduled Income: 39900.00
  • Lot Size Area: 3157.0000 Square Feet
  • Net Operating Income: 37911.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Refrigerator: 2
  • Operating Expense: 792.00
  • Vacancy Allowance: 1197
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10312.00
  • Tax Area: 5500
  • Tax Block: 10
  • Tax Lot: 16
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2016
Sold by
Tumanjan Michelle
Bought by
Tumanjan Michelle and The Michelle Tumanjan Family T
Current Estimated Value
$1,605,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,563
Outstanding Balance
$409,339
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$1,268,135

Purchase Details

Listed on
Jun 13, 2012
Closed on
Sep 10, 2012
Sold by
Kapton Judith R and Judith R Kapton Living Trust
Bought by
Tumanjan Michelle and Tumanjan George
Seller's Agent
Alice Markle
Realty One Group Diamond
Buyer's Agent
Charles Ramsdell
Keller and Associates Realty/P
List Price
$825,000
Sold Price
$770,000
Premium/Discount to List
-$55,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$487,500
Interest Rate
2.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 11, 2009
Sold by
Kapton Judith R
Bought by
Kapton Judith R and Judith R Kapton Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 1997
Sold by
Kapton Judith R
Bought by
Kapton Judith R and The Judith R Kapton Living Tru

Purchase Details

Closed on
Jan 2, 1996
Sold by
Dowe Betty A and The Betty A Dowe Trust
Bought by
Kapton Judith R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
8.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 25, 1995
Sold by
Dowe Betty A and The Betty A Dowe Trust
Bought by
Kapton Judith R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
7.97%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Tumanjan Michelle -- Fidelity National Title
Tumanjan Michelle $760,000 Chicago Title Company
Kapton Judith R -- Accommodation
Kapton Judith R -- Security Union Title Ins Co
Kapton Judith R -- --
Kapton Judith R -- --
Kapton Judith R $127,500 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tumanjan Michelle $495,563
Previous Owner Tumanjan Michelle $487,500
Previous Owner Kapton Judith R $288,500
Previous Owner Kapton Judith R $290,000
Previous Owner Kapton Judith R $235,000
Previous Owner Kapton Judith R $245,000
Previous Owner Kapton Judith R $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2012 10/25/12 Sold $770,000 -6.7% $338 / Sq Ft
09/09/2012 09/09/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $825,000 -- $362 / 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 $12,078 $952,147 $598,924 $353,223
2024 $12,078 $933,479 $587,181 $346,298
2023 $11,878 $915,176 $575,668 $339,508
2022 $11,146 $897,232 $564,381 $332,851
2021 $10,926 $879,640 $553,315 $326,325
2019 $10,771 $853,551 $536,904 $316,647
2018 $10,470 $836,816 $526,377 $310,439
2016 $9,467 $790,577 $494,111 $296,466
2015 $9,083 $778,702 $486,689 $292,013
2014 $9,016 $763,449 $477,156 $286,293
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Alice Markle

    Realty One Group Diamond

  • C

    Buyer's Agent in 2012

    Charles Ramsdell

    Keller and Associates Realty/P

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P825456

California Regional Multiple Listing Service (CRMLS)

APN: 7256-035-016

California Los Angeles County Long Beach 90803 Belmont Shore

65 Prospect Ave, Long Beach, CA

This home is located at 65 Prospect Ave, Long Beach, CA 90803 since 13 June 2012 and is currently estimated at $1,605,423, approximately $704 per square foot. This property was built in 1923. 65 Prospect Ave is a home located in Los Angeles County with nearby schools including Lowell 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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