720 Belmont Ave Long Beach, CA 90804

$1,690,000 Sold Price as of 05/10/2018

6 Beds
6 Baths
3,559 Sq.Ft.

Off Market

$1,690,000 Sold Price as of 05/10/2018 Refinance Your Mortgage

Map preview of 720 Belmont Ave, Long Beach, CA 90804

Property Overview: 720 Belmont Ave Long Beach, CA has 6 bedrooms, 6 bathrooms, 3,559 living square feet and 5,222 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

720 Belmont Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $769,000. The median price per/sqft for Long Beach is $648. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $153,800 for the down payment and will need roughly $15,380 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 720 Belmont Ave

Last sold for $1,690,000 on May 10th, 2018

May, 2018
May 11, 2018

Date

Sold

CRMLS: PW18024544

$1,690,000

Price
Apr 4, 2018

Date

Pending

CRMLS: PW18024544

$1,695,000

Price
Feb 1, 2018

Date

Active

CRMLS: PW18024544

$1,695,000

Price
Listing provided courtesy of CRMLS

We are proud to offer a “Turn Key” six-unit apartment in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 720 Belmont Avenue, one street East of Termino Avenue, one block North of 7th Street. This investment consists of 3 one bedrooms/ one-bathroom units and 3 Junior one bedrooms/ one-bathroom well maintained units. Built in 1988, this property is a two-story walk up style building with private carports and approximately 3,559 rentable square feet. With condo style amenities such as fireplaces, dishwashers, vaulted ceilings, and small office/ dens each unit provides a living space that attracts a “professional” tenant base. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a “Turn Key” income property in a strong rental market in the most desirable community of Belmont Heights. With rents over 10% below market value, an investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investor’s portfolio.

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May, 2018
May 10, 2018

Date

Sold (Public Records)

Public Records

$1,690,000

Price
August, 2004
Aug 18, 2004

Date

Sold (Public Records)

Public Records

$775,000

Price

Tax History for 720 Belmont Ave

Assessed Value (2020): $1,763,478

Year	Land Value	Improved Value	Assessed Value
2020	$1,238,076	$525,402	$1,763,478

About 720 Belmont Ave

Detailed summary of property

720 Belmont Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90804 and last sold on May 10, 2018 for $1,690,000. This property has 6 bedrooms, 6 bathrooms, roughly 3,559 living square feet, and sits on an approximately 5,222 square foot lot. Homes in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 106.35% higher than the current median priced home. 720 Belmont Ave was last sold on May 10, 2018 for $1,690,000. Local nearby listings include 1360 Redondo Ave #303, 346 Saint Joseph Ave and 235 Mira Mar Ave #3. The average home in Long Beach, CA is selling in 65 days. There are currently 781 homes for sale in the Long Beach real estate market and 418 of them are single family homes while 341 of them are condos and 20 are townhomes. If you are the homeowner and looking to sell the home at 720 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 720 Belmont Ave

Public county record property details

Beds: 6
Baths: 6
Year built: 1988
Sq. Ft.: 3,559
Lot Size: 5,222
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1,2
APN: 7254-021-026

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

$500,000

Median List Price/Sq.Ft.

$620

Median Sold Price

$450,000

Median Sold Price/Sq.Ft.

$534

Total Inventory

Median Sale to List Price %

97.83%

Avg Days on Market

Loan Type

Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), Other (0%)

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(714) 706-1823

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