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40 Belmont Avenue

40 Belmont Avenue, Long Beach, CA 90803
Multifamily in Belmont Shore
Sold Jan 28, 2022
$1,875,000
$1,083,000 by Financial Partners Credit Unio
Mortgage
Local assessors in Long Beach, CA have categorized 40 Belmont Avenue as a residential type of property. The home was built in 1922 and is 102 years old. It was most recently renovated and altered in 1924. The property's lot size has been calculated to be 4,726 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 6 full bathrooms. There are also 6 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 40 Belmont Avenue has a total of 2,336 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40 Belmont Avenue sold most recently in Dec 1, 2021 for a total of $1,875,000. If you work out the math, that's approximately a cost of $802.65 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,718 in taxes each year. 40 Belmont Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,912,500. If we break it down further, the land itself was valued at $1,244,400. Improvements to the property, however, were assessed at a total of $668,100. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,726
  • Total Building Area: 2,336
  • Gross Building Area: 2,336
  • Building Area: 2,336
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,336
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 3750
  • Land Acres: 0.109
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT # 3750 SW 17.5 FT OF LOT 5 AND ALL OF LOT/SEC 6 BLK/DIV/TWN 4

Ownership

  • Current Owner : ZIEGLER FAMILY TRUST
  • Previous Owner : CANADAY LIVING TRUST
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 577300

Zoning

  • Zoning: LBR4R

Geography

  • Assessors Map Reference: 76-A6
  • Subdivision Tract Number: 3750
  • Parcel: 7256-038-018
  • Block: 4
  • Lot: 5
  • Municipality: SOUTH /SOUTH LONG BEACH
  • Latitude: 33.7601
  • Longitude: -118.145

    Address

  • Full Address: 40 Belmont Ave
  • Address - House Number: 40
  • Address - Street Name: Belmont
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C026
  • 4-Digit Zip Code: 2993
  • Zip Code: 90803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,718
  • Tax Rate Code Area: 05-500

    Appraisal Valuation

  • Standard Deviation: 0.1164
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 76
  • Final Value: 1,864,174
  • High Value: 2,081,273
  • Low Value: 1,647,074

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,083,000
  • First Open Lien Mortgage Lender: FINANCIAL PARTNERS CREDIT UNIO
  • First Open Lien Mortgage Recording Date: Jan 28, 2022
  • First Open Lien Mortgage Loan Amount: $1,083,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,912,500
  • Assessed Land Value: $1,244,400
  • Assessed Improvements Value: $668,100

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Transaction ID: 11888266061
  • Current Sale Price: $1,875,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 112825

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL PARTNERS CREDIT UNIO
  • First Mortgage Transaction Date: Jan 28, 2022
  • First Mortgage Loan Amount: $1,083,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Belmont Shore



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Frequently Asked Questions

What neighborhood is 40 Belmont Avenue located in?
The 40 Belmont Avenue is a multifamily located in the neighborhood of Belmont Shore in Belmont Shore, Long Beach.
What is the average sales price for listings in 40 Belmont Avenue?
The average sales price for units in 40 Belmont Avenue is $0 currently.

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