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924 Belmont Ave, Long Beach, CA 90804
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924 Belmont Ave Long Beach, CA 90804

$1,500,000 Sold Price as of 03/13/2023
  • 8 Beds
  • 4 Baths
  • 3,551 Sq.Ft.
Sold
$1,500,000 Sold Price as of 03/13/2023 Refinance Your Mortgage
Map preview of 924 Belmont Ave, Long Beach, CA 90804

Property Overview: 924 Belmont Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,551 living square feet and 5,852 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this fully renovated 4 unit property in one of the more sought after submarkets of Long Beach. Located a 5-iron from the Long Beach Rec Golf Course and just south of the traffic circle. A new owner can benefit from quality renovated units, market rents, and long term appreciation potential. Fully occupied and will be delivered fully occupied. No showings. Only subject to accepted offer.

Listed by Jonathan Weir | BRE #02038545 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: March 14th, 2023 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
5,852
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23236413
City
Long Beach
County
Los Angeles
Time on Site
479 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,224
  • Total Rent: $9,600
  • Pro Forma/Market Rent: $8,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.64%
  • Gross Rent Multiplier: 14.05
  • Gross Scheduled Income: --
  • Net Operating Income: $77,327
  • Gross Operating Income: $103,538
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 924 Belmont Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Single Door
Property Information
  • Total # of Units: 4
  • Parcel Number: 7254019010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: E 10th St & Belmont Ave
View more facts & features

Local Long Beach Agent

Sale History for 924 Belmont Ave

Last sold for $1,500,000 on March 13th, 2023

  • March, 2023

  • Mar 13, 2023

    Date

    Sold

    CRMLS: 23236413

    $1,500,000

    Price

  • Jan 26, 2023

    Date

    Active

    CRMLS: 23236413

    $1,500,000

    Price

  • May, 2017

  • May 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,409,500

    Price

  • November, 2016

  • Nov 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

Show More

Tax History for 924 Belmont Ave

Assessed Value (2020): $1,495,770
Year Land Value Improved Value Assessed Value
2020 $1,050,595 $445,175 $1,495,770

Home Value Compared to the Market

This property vs the competition

924 Belmont Ave sold on March 13, 2023 for 87.5% 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 $422.42 per/sqft which puts the price per square foot 33.16% lower than the current median sale per square foot for the city of Long Beach.

About 924 Belmont Ave

Detailed summary of property

924 Belmont Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,551 living square feet, and sits on an approximately 5,852 square foot lot. 924 Belmont Ave was first listed on ArdentRealEstateGroup.com on January 27, 2023. The homeowner sold the property for $1,500,000. 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 87.5% higher than the current median priced home. Local homes that are currently for sale include 1615 Cherry Ave, 1825 Cherry Ave and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 51 days, 924 Belmont Ave has a days on market of 6 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 924 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 924 Belmont Ave

Public county record property details
Beds
8
Baths
6
Year built
1965
Sq. Ft.
3,551
Lot Size
5,851
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7254-019-010

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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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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