NOT LISTED FOR SALE

65 Prospect Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,426,000 - $1,865,000

4 Beds
3 Baths
2,278 Sq Ft
$748/Sq Ft Est. Value

Last Sold October 25, 2012

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

Est. 121% increase in value since last sale

Current estimated payment $9,907/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

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

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 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
$1,703,805

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
$407,336
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$1,296,469

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
6.20%
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $290,000
Previous Owner Kapton Judith R $245,000
Previous Owner Kapton Judith R $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

Not Listed for Sale

MultiFamily

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