S
Seller's Agent in 2024
Steve Notaro
Decoma Industries
(310) 749-5740
1 in this area
2 Total Sales
930 Belmont Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $1,684,000 - $2,260,000
8
Beds
4
Baths
3,794
Sq Ft
$545/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Laundry Room
- Central Air
- Fremont Elementary School Rated A
About This Home
As of December 2024The owner hired DECOMA Industries to rehab this Spanish Style 4-unit property. The structure was taken down to the stud walls and reinforced per the engineering plans at a cost of well over $1m. The City of Long Beach issued over 20 permits which were signed off as the work was completed. The units are somewhat identical in design, 2BRM !BATH each. The plumbing and electrical fixtures were supplied by Rebacks and Lighting Zone. There are 5 new electrical meters and 5 new gas meters.
There is an existing separate building consisting of 4 garages. The parcel was surveyed and provided to he architect for planning of additional units ADU.
The laundry is coin operated. The new decks have drains, the common area is landscaped and lighting at a cost of over 20K. DECOMA Industries is a premier builder with impeccable reputation. DECOMA was the architect, contractor, real estate broker, that developed THE TOY WAREHOUSE LOFTS which is considered the pioneer structure which transformed downtown into for sale living community.
"DECOMA is building a better environment to live in” and Eastside Lofts is another fine example of a building created by DECOMA which will set the standards for fine artist loft lifestyle living.
Last Agent to Sell the Property
Decoma Industries Brokerage Email: steve@decomaindustries.com License #00910115 Listed on: 10/08/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1931
Lot Details
- 5,851 Sq Ft Lot
- No Common Walls
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,794 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Central Air
- Overhead Utilities
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Legal Lot and Block 11 / 1
- Assessor Parcel Number 7254019011
- $19,000 per year additional tax assessments
Community Details
Overview
- 4 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $480
- Gardener Expense $1,920
- Insurance Expense $2,790
- Maintenance Expense $1,200
- Pest Control $150
- Trash Expense $360
- New Taxes Expense $27,000
- Operating Expense $34,200
- Gross Income $134,400
- Net Operating Income $100,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2024
Closed on
Dec 16, 2024
Sold by
Steve Notaro Trust and Notaro Steve
Bought by
Timothy J And Rebecca L Deweese Family Trust and Deweese
Seller's Agent
Steve Notaro
Decoma Industries
Buyer's Agent
Larson Harley
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,500,000
Sold Price
$2,200,000
Premium/Discount to List
-$300,000
-12%
Views
13
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
-$133,640
Avg. Annual Appreciation
-5.17%
Original Mortgage
$1,320,000
Outstanding Balance
$1,306,039
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$760,321
Purchase Details
Closed on
Feb 14, 2019
Sold by
Marsh Todd F
Bought by
Notaro Steve and Steve Notaro Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 30, 2019
Sold by
Marsh Herman F and Marsh Mary E
Bought by
Marsh Todd F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Timothy J And Rebecca L Deweese Family Trust | $2,200,000 | Stewart Title Guaranty Company | |
| Notaro Steve | $1,200,000 | Stewart Title Of Ca Inc | |
| Marsh Todd F | -- | Accommodation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Timothy J And Rebecca L Deweese Family Trust | $1,320,000 | |
| Previous Owner | Notaro Steve | $840,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $2,200,000 | -4.3% | $580 / Sq Ft |
| 10/23/2024 10/23/24 | Price Changed | $2,300,000 | -8.0% | $606 / Sq Ft |
| 10/08/2024 10/08/24 | For Sale | $2,500,000 | -- | $659 / 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 | $17,263 | $2,200,000 | $1,200,000 | $1,000,000 |
| 2024 | $17,263 | $1,312,371 | $918,660 | $393,711 |
| 2023 | $16,925 | $1,286,640 | $900,648 | $385,992 |
| 2022 | $15,890 | $1,261,413 | $882,989 | $378,424 |
| 2021 | $15,570 | $1,236,680 | $865,676 | $371,004 |
| 2019 | $7,701 | $567,937 | $226,482 | $341,455 |
| 2018 | $7,422 | $556,802 | $222,042 | $334,760 |
| 2016 | $6,817 | $535,183 | $213,421 | $321,762 |
| 2015 | $6,552 | $527,145 | $210,216 | $316,929 |
| 2014 | $6,522 | $516,820 | $206,099 | $310,721 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Notaro
-
Larson Harley
Buyer's Agent in 2024
Larson Harley
Lyon Stahl Investment Real Estate, Inc.
(323) 319-4696
1 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24208898
APN: 7254-019-011
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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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