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1206 Belmont Ave, Long Beach, CA 90804
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1206 Belmont Ave Long Beach, CA 90804

$1,215,000 Sold Price as of 03/18/2021
  • 6 Beds
  • 4 Baths
  • 3,148 Sq.Ft.
Sold
$1,215,000 Sold Price as of 03/18/2021 Refinance Your Mortgage
Map preview of 1206 Belmont Ave, Long Beach, CA 90804

Property Overview: 1206 Belmont Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,148 living square feet and 5,540 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great units in a prime rental area-close to restaurants-transportation, easy to get to CSULB and to the freeways. This property features a good mix of 2 bedrooms and 1 bedrooms. The 4 garages are rented separately and there is good potential upside to the rents. The numbers do NOT include the rent for owners unit and owners garage which could rent for a possible $1700/month This property is great for a new or seasoned investor!

Listed by Lorene Morgan | BRE #00971941 | Fathom Realty Group Inc.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,540
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21013180
City
Long Beach
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $1,345
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $53,100
  • Net Operating Income: $34,000
  • Gross Operating Income: --
  • # of Rented Garages: 3
  • Garage Rental Income: $5,220
Annual Expense Breakdown
  • Total Operating Expense: $19,000
  • New Taxes: $15,000
  • Trash: $360
  • Insurance: $2,400
  • Water/Sewer: $996

Property Details for 1206 Belmont Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7254006007
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: South of Anaheim West of Ximeno
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1206 Belmont Ave

Last sold for $1,215,000 on March 18th, 2021

  • March, 2021

  • Mar 18, 2021

    Date

    Sold

    CRMLS: PW21013180

    $1,215,000

    Price

  • Mar 1, 2021

    Date

    Pending

    CRMLS: PW21013180

    $1,200,000

    Price

  • Feb 16, 2021

    Date

    Active Under Contract

    CRMLS: PW21013180

    $1,200,000

    Price

  • Jan 27, 2021

    Date

    Active

    CRMLS: PW21013180

    $1,200,000

    Price

Tax History for 1206 Belmont Ave

Assessed Value (2020): $165,494
Year Land Value Improved Value Assessed Value
2020 $39,471 $126,023 $165,494

Home Value Compared to the Market

This property vs the competition

1206 Belmont Ave sold on March 18, 2021 for 50% 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 $381.19 per/sqft which puts the price per square foot 39.68% lower than the current median sale per square foot for the city of Long Beach.

About 1206 Belmont Ave

Detailed summary of property

1206 Belmont Ave is a fourplex that recently sold in Long Beach, CA 90804. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 3,148 living square feet, and sits on an approximately 5,540 square foot lot. 1206 Belmont Ave was first listed on ArdentRealEstateGroup.com on January 27, 2021. The homeowner sold the property for $1,215,000. 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 50% higher than the current median priced home. Local homes that are currently for sale include 930 E 11th St, 1967 Atlantic Ave and 3409 Walnut Ave. While the average home in Long Beach, CA is selling in 51 days, 1206 Belmont Ave has a days on market of 8 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1206 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 1206 Belmont Ave

Public county record property details
Beds
6
Baths
4
Year built
1948
Sq. Ft.
3,148
Lot Size
5,539
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
7254-006-007

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.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
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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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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