Seller's Agent in 2023
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
5 in this area
89 Total Sales
781 Termino Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $2,831,622 - $3,027,000
10
Beds
6
Baths
5,280
Sq Ft
$555/Sq Ft
Est. Value
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Stacked Washer and Dryer
About This Home
As of January 2023Beautiful, huge Spanish style 6 unit property only steps from Belmont Heights! Extensively renovated property including water free turf landscaping, all new electrical mains and subpanels, new wiring and plumbing in front building, and new exterior paint. 4 enormous two bedroom, one bathroom units in front of over 1000 square feet each with open concept living rooms, dining areas, large kitchens, dishwashers, in unit laundry, and plenty of storage. Attractive central courtyard for shared outdoor space. 2 one bedroom, one bathroom units above 5 garages and laundry room at the rear of the property. Interior renovations for 2 bed units include refinished original hardwood floors, vinyl flooring in kitchens, new cabinets, countertops, stainless steel appliances, new dual vanities in restrooms, floor tile, tub surrounds, and lighting. Very well priced on actual income at an in-place cap rate of 4.2% and 14.9X GRM. Spanish style retro character throughout the property with domed high ceilings, curved archways, original built-ins in rear units, and exterior detail. Potential to convert garages into two ADUs for additional income and value (buyer to verify). Incredible Belmont Heights adjacent location only a few blocks to second street, the Colorado Lagoon, and Rec Park. Long Beach Green belt access from directly in front of the property for an easy bike to the beach, restaurants, and bars. Conveniently located next to Wilson High School, Jefferson Middle School, and Cal State Long Beach.
Last Agent to Sell the Property
Buckingham Investments, Inc License #01908153 Listed on: 11/07/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,403 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 5 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Property Attached
Interior Spaces
- 5,280 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 21 / B
- Tax Tract Number 577
- Assessor Parcel Number 7254022028
Community Details
Overview
- 2 Buildings
- 6 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $416
- Fuel Expense $416
- Gardener Expense $600
- Insurance Expense $3,540
- Maintenance Expense $7,793
- Pest Control $1,000
- Professional Management Expense $7,793
- Trash Expense $416
- Water Sewer Expense $416
- New Taxes Expense $30,625
- Operating Expense $53,515
- Gross Income $155,860
- Net Operating Income $102,345
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2022
Closed on
Jan 19, 2023
Sold by
Long Beach Holdings & Investments Llc
Bought by
Long Beach Holdings & Investments Llc and Xennial Holdings Llc
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Dick Caley
Coastal Equities, California Real Estate Brokers
List Price
$2,450,000
Sold Price
$2,440,000
Premium/Discount to List
-$10,000
-0.41%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,311
Avg. Annual Appreciation
6.20%
Purchase Details
Closed on
Aug 26, 2019
Sold by
Long Beach Holdings And Investments Llc
Bought by
Long Beach Holdings & Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,467,000
Interest Rate
3.8%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 10, 2017
Sold by
Delong Gary I and The Gary I Delong Trust
Bought by
Long Beach Holdings And Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,410,000
Interest Rate
4.15%
Mortgage Type
Commercial
Purchase Details
Closed on
May 7, 2002
Sold by
Hogan John L and Hogan Catherine A
Bought by
Delong Gary I and Gary I Delong Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.86%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Long Beach Holdings & Investments Llc | -- | Wfg National Title | |
| Long Beach Holdings & Investments Llc | -- | Orange Coast Title Company | |
| Long Beach Holdings And Investments Llc | $1,762,500 | Ticor Title Company | |
| Delong Gary I | $619,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Long Beach Holdings & Investments Llc | $1,467,000 | |
| Previous Owner | Long Beach Holdings And Investments Llc | $1,410,000 | |
| Previous Owner | Delong Gary I | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2023 01/20/23 | Sold | $2,440,000 | -0.4% | $462 / Sq Ft |
| 12/21/2022 12/21/22 | Pending | -- | -- | -- |
| 11/07/2022 11/07/22 | For Sale | $2,450,000 | -- | $464 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $32,158 | $2,538,576 | $1,649,034 | $889,542 |
| 2024 | $32,158 | $2,488,800 | $1,616,700 | $872,100 |
| 2023 | $25,243 | $1,927,548 | $1,345,183 | $582,365 |
| 2022 | $23,692 | $1,889,754 | $1,318,807 | $570,947 |
| 2021 | $23,216 | $1,852,701 | $1,292,949 | $559,752 |
| 2019 | $22,884 | $1,797,750 | $1,254,600 | $543,150 |
| 2018 | $10,517 | $787,911 | $190,928 | $596,983 |
| 2016 | $9,661 | $757,317 | $183,515 | $573,802 |
| 2015 | $9,285 | $745,942 | $180,759 | $565,183 |
| 2014 | $9,244 | $731,331 | $177,219 | $554,112 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Josh Ess
Seller Co-Listing Agent in 2023
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
1 in this area
40 Total Sales
-
Dick Caley
Buyer's Agent in 2023
Dick Caley
Coastal Equities, California Real Estate Brokers
(562) 221-0410
1 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22237755
APN: 7254-022-028
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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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