Daniel Dooros
Responds Quickly
Real Brokerage Technologies
(424) 292-8543
11 Total Sales
2 in Recreation Park
$485K - $919K Price Range
781 Termino Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $2,662,456
10
Beds
6
Baths
5,280
Sq Ft
$504/Sq Ft
Est. Value
Highlights
- Laundry Facilities
- 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
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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
- Stacked Washer and Dryer
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
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
33
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
$222,456
Avg. Annual Appreciation
2.41%
Purchase Details
Listed on
Nov 7, 2022
Closed on
Jan 17, 2023
Sold by
Long Beach Holdings & Investments Llc and Xennial Holdings Llc
Bought by
Ggb Investments Lp
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
33
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Recreation Park, CA
-
Daniel Dooros
-
Viviana Kim
Viviana Kim
Major League Properties
(657) 500-0759
55 Total Sales
1 in Recreation Park
$527,000 Price
-
Richard Gaylord
Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
24 Total Sales
2 in Recreation Park
$915K - $2.3M Price Range
-
Vannessa Swinford
Vannessa Swinford
First Team Real Estate
(657) 341-0938
33 Total Sales
1 in Recreation Park
$842,000 Price
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
236 Total Sales
1 in Recreation Park
$455,000 Price
-
Linda Ojeda
Linda Ojeda
Luxury Collective
(424) 372-0165
111 Total Sales
1 in Recreation Park
$745,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Wfg National Title | ||
| Ggb Investments Lp | $2,450,000 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,467,000 | ||
| Previous Owner | Long Beach Holdings & Investments Llc | $1,440,000 | |
| Previous Owner | Long Beach Holdings & Investments Llc | $1,410,000 | |
| Previous Owner | Delong Gary I | $450,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $33,608 | $2,589,346 | $1,682,014 | $907,332 |
| 2025 | $33,608 | $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
Seller's Agent in 2023
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
5 in this area
85 Total Sales
-
Josh Ess
Seller Co-Listing Agent in 2023
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
1 in this area
45 Total Sales
-
Dick Caley
Buyer's Agent in 2023
Dick Caley
Coastal Equities, California Real Estate Brokers
(562) 221-0410
1 in this area
32 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22237755
APN: 7254-022-028
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.
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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