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1054 Belmont Ave, Long Beach, CA 90804
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1054 Belmont Ave Long Beach, CA 90804

$2,525,000 Sold Price as of 01/07/2020
  • 16 Beds
  • 16 Baths
  • 5,844 Sq.Ft.
Sold
$2,525,000 Sold Price as of 01/07/2020 Refinance Your Mortgage
Map preview of 1054 Belmont Ave, Long Beach, CA 90804

Property Overview: 1054 Belmont Ave Long Beach, CA has 16 bedrooms, 16 bathrooms, 5,844 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1054 Belmont Avenue is an 8-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.14-acre lot, the 5,844 square foot property consists of two-bedroom floor plans averaging 730 square feet. Built in 1988, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private balconies, and on-site laundry. 1054 Belmont Avenue is located under 2 miles from California State University, Long Beach, the third largest campus in the 23-member California State University system. The university enrolls over 37,000 students annually and is a major local economic driver, generating a $1 billion impact on the regional and statewide economy each year. 1054 Belmont Avenue is located approximately half a mile east of the Belmont Shopping Center, a 112,302 SF retail center anchored by Food 4 Less and Rite Aid. The property is also located under a mile from major retail centers at the Long Beach Traffic Circle.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 488

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1988
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC18123443
City
Long Beach
County
Los Angeles
Time on Site
1388 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,007
  • Total Rent: $15,007
  • Pro Forma/Market Rent: $15,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $182,084
  • Net Operating Income: $126,198
  • Gross Operating Income: $176,681
Annual Expense Breakdown
  • Total Operating Expense: $50,484
  • Electric: $1,464
  • Gas/Fuel: $1,464
  • Licenses: $800
  • New Taxes: $32,027
  • Trash: $1,464
  • Insurance: $2,000
  • Maintenance: $4,000
  • Professional Management: $3,000
  • Water/Sewer: $1,464
  • Other Expenses: $2,800
  • Other Expense Description: Other

Property Details for 1054 Belmont Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7254007008
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Cross Streets: Ximeno Ave / E 10th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1054 Belmont Ave

Last sold for $2,525,000 on January 7th, 2020

  • January, 2020

  • Jan 7, 2020

    Date

    Sold

    CRMLS: OC18123443

    $2,525,000

    Price

  • Oct 4, 2019

    Date

    Pending

    CRMLS: OC18123443

    $2,550,000

    Price

  • Sep 25, 2019

    Date

    Active Under Contract

    CRMLS: OC18123443

    $2,550,000

    Price

  • Sep 12, 2019

    Date

    Price Change

    CRMLS: OC18123443

    $2,550,000

    Price

  • Mar 19, 2019

    Date

    Price Change

    CRMLS: OC18123443

    $2,775,000

    Price

  • Sep 27, 2018

    Date

    Active

    CRMLS: OC18123443

    $2,925,000

    Price

  • Sep 27, 2018

    Date

    Expired

    CRMLS: OC18123443

    $2,925,000

    Price

  • May 24, 2018

    Date

    Active

    CRMLS: OC18123443

    $2,925,000

    Price

  • January, 2020

  • Jan 7, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,525,000

    Price

  • July, 2019

  • Jul 26, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1054 Belmont Ave

Assessed Value (2020): $2,289,780
Year Land Value Improved Value Assessed Value
2020 $1,602,216 $687,564 $2,289,780

Home Value Compared to the Market

This property vs the competition

1054 Belmont Ave sold on January 7, 2020 for 218.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $436.34 per/sqft which puts the price per square foot 30.96% lower than the current median sale per square foot for the city of Long Beach.

About 1054 Belmont Ave

Detailed summary of property

1054 Belmont Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 5,844 living square feet, and sits on an approximately 6,098 square foot lot. 1054 Belmont Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,525,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 218.75% higher than the current median priced home. Local homes that are currently for sale include 207 Park Ave, 116 Bennett Ave and 263 Corona Ave. While the average home in Long Beach, CA is selling in 53 days, 1054 Belmont Ave has a days on market of 488 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1054 Belmont Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1054 Belmont Ave

Public county record property details
Beds
16
Baths
16
Year built
1988
Sq. Ft.
5,844
Lot Size
5,985
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,7
APN
7254-007-008

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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