NOT LISTED FOR SALE

657 Quincy Ave Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,165,000 - $1,312,257

4 Beds
2 Baths
1,550 Sq Ft
$803/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $990,000 $639 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,571/month

21 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Fremont Elementary School Rated A
  • Laundry Room
  • Level Lot

About This Home

As of May 2021

Don't miss out on owning a great investment property in a very strong rental market neighborhood, Belmont Heights. This lovely duplex with a 2 bed 1 bath unit and a 2 bed 1 bath unit has wood floors in each unit, a fireplace in front unit and is in a great location! Behind the duplex attached to the 2 car garage, there is a separate detached permitted rumpus room with 3/4 bathroom. This property is very conveniently located near CSLUB, the Colorado lagoon and park, Alamitos Bay, DTLB, beaches, Belmont Shore, 4th Street Retro Row featuring unique shops, restaurants and coffee houses and very easy access to freeways from 7th Street.

Last Agent to Sell the Property

Victoria Gibo

Re/Max R. E. Specialists License #01876306 Listed on: 02/26/2021

Re/Max R. E. Specialists

Last Buyer's Agent

Victoria Gibo

Re/Max R. E. Specialists License #01876306 Listed on: 02/26/2021

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Home Design

  • Duplex

Interior Spaces

  • 1,550 Sq Ft Home
  • Living Room with Fireplace
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 24 / D
  • Tax Tract Number 1
  • Assessor Parcel Number 7241016013

Community Details

Overview

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

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $50
  • Water Sewer Expense $100
  • New Taxes Expense $12,488
  • Operating Expense $8,200
  • Gross Income $48,600
  • Net Operating Income $39,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 100.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7241016013
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 638.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Stackable
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Rental Info

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

Multi Family

  • Gross Income: 48600.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 39600.00
  • 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 Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 8200.00
  • Rent Control: No
  • Total Expenses: 8200.00

Tax Info

  • New Taxes Expense: 12488.00
  • Tax Block: D
  • Tax Census Tract: 5776.03
  • Tax Lot: 24
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2022
Sold by
Hudson Camryn Leigh
Bought by
Bechtold Logan
Current Estimated Value
$1,244,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,300
Outstanding Balance
$854,155
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$390,159

Purchase Details

Closed on
May 13, 2010
Sold by
Martinez Michael D and Martinez Maria
Bought by
Kumar Dinesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2008
Sold by
Martinez Michael D and Martinez Maria
Bought by
Martinez Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2007
Sold by
Martinez Maria and Martinez Michael D
Bought by
Martinez Michael D

Purchase Details

Closed on
Apr 22, 2005
Sold by
Anantharamakrishnan N R N and Anantharamakrishnan Rajalakshmi
Bought by
Martinez Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,400
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 25, 2003
Sold by
Lamoreaux Mary E and Mary E Lamoreaux Living Trust
Bought by
Anantharamakrishnan N R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bechtold Logan -- Landwood Title
Kumar Dinesh $576,000 Ticor Title Company
Martinez Michael D -- Accommodation
Martinez Michael D -- Orange Coast Title
Martinez Michael D -- None Available
Martinez Michael D $720,000 --
Anantharamakrishnan N R $500,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bechtold Logan $925,300
Previous Owner Kumar Dinesh $432,000
Previous Owner Martinez Michael D $511,000
Previous Owner Martinez Michael D $460,400
Previous Owner Anantharamakrishnan N R $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $990,000 -0.9% $639 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $999,000 -- $645 / 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 $13,530 $1,071,606 $698,168 $373,438
2024 $13,530 $1,050,595 $684,479 $366,116
2023 $13,306 $1,029,996 $671,058 $358,938
2022 $12,485 $1,009,800 $657,900 $351,900
2021 $8,636 $686,884 $477,005 $209,879
2020 $8,614 $679,841 $472,114 $207,727
2019 $8,514 $666,511 $462,857 $203,654
2018 $8,224 $653,443 $453,782 $199,661
2016 $7,567 $628,071 $436,162 $191,909
2015 $7,261 $618,638 $429,611 $189,027
2014 $7,211 $606,521 $421,196 $185,325
Source: Public Records

Agents Affiliated with this Home

  • Victoria Gibo

    Seller's Agent in 2021

    Victoria Gibo

    RE/MAX

    (562) 810-8125

    3 in this area

    29 Total Sales

    Victoria Gibo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21039529

California Regional Multiple Listing Service (CRMLS)

APN: 7241-016-013

California Los Angeles County Long Beach 90814 Belmont Heights

657 Quincy Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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