NOT LISTED FOR SALE

Estimated Value: $1,767,000 - $1,902,000

2 Beds
1 Bath
2,488 Sq Ft
$744/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $1,375,000 $553 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $11,711/month

123 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Laundry Room
  • Lowell Elementary School Rated A-
  • Walk-In Closet
  • Landscaped

About This Home

As of June 2018

BACK ON MARKET AS OF 5/18/2018. Classic Spanish Beauty south of 2nd on one of the best streets in Belmont Shore. 1 block from Ocean and 13 blocks from Alamitos Bay. Walk to trendy 2nd Street restaurants and services.
2 BR DOWNSTAIRS: Recently repainted and upgraded with new hardwood floors throughout, new porcelain tile kitchen and bath, new kitchen cabinets with granite counters, new stainless steel stove, hood, dishwasher, washer and dryer. Private downstairs patio.
2 BR UNIT UPSTAIRS: New exterior stairwell and new railings, rebuilt and resurfaced patio roof over garage; remodeled bath. new kitchen cabinets and granite counters, fully equipped stainless steel appliances including washer, dryer and refrigerator included in price.
Recently completed Termite Clearance, newer roof, new roll up garage door. New partition wall on north side.New drywall in garage, new security gate on south and north sides. Freshly painting exterior in November, 2017. Nothing left to do except enjoy the benefits of owning this historic property in the Shore. Listing Agent is related to Sellers.

Last Agent to Sell the Property

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 02/26/2018

Last Buyer's Agent

Suzanne Dyer

Strand Hill Properties License #01054310

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,532

Year Built

  • Built in 1930

Lot Details

  • 2,939 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,488 Sq Ft Home
  • Wood Flooring

Kitchen

  • Gas and Electric Range
  • Free-Standing Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 21
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256031022

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $4,481
  • Water Sewer Expense $576
  • New Taxes Expense $16,445
  • Operating Expense $21,982
  • Gross Income $42,718
  • Net Operating Income $42,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,532

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 697500
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 576.00
  • Zoning: LBR2S
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7256031022
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 552.65
  • Room Type: Walk-In Closet

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas & Electric Range, Gas Water Heater
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Kitchen, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn
  • Lot Size Sq Ft: 2939.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1244 Square Feet
  • Gross Income: 42718.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 4481.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 42718.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 20882.00
  • Rent Control: No
  • Total Actual Rent: 63600.00
  • Total Expenses: 21982.00

Tax Info

  • New Taxes Expense: 16445.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 21
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2018
Closed on
Jun 25, 2018
Sold by
Henning John F and Henning Wendy R
Bought by
Lee Randall R and Jeong Stella M
Seller's Agent
Silvana Raiola
Landmark Realtors
Buyer's Agent
Suzanne Dyer
Strand Hill Properties
List Price
$1,395,000
Sold Price
$1,375,000
Premium/Discount to List
-$20,000
-1.43%
Current Estimated Value
$1,850,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,469
Avg. Annual Appreciation
4.25%
Original Mortgage
$937,500
Outstanding Balance
$815,958
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,034,511

Purchase Details

Closed on
Aug 28, 2002
Sold by
Henning John F and Henning Wendy R
Bought by
Henning John F and Henning Wendy R
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Randall R $1,375,000 First American Title Company
Henning John F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Randall R $937,500
Previous Owner Henning John F $162,000
Previous Owner Henning John F $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $1,375,000 -1.4% $553 / Sq Ft
04/20/2018 04/20/18 Price Changed $1,395,000 -6.7% $561 / Sq Ft
02/26/2018 02/26/18 Price Changed $1,495,000 +7.2% $601 / Sq Ft
02/26/2018 02/26/18 For Sale $1,395,000 -- $561 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,532 $1,564,510 $1,137,827 $426,683
2024 $19,532 $1,533,834 $1,115,517 $418,317
2023 $19,210 $1,503,760 $1,093,645 $410,115
2022 $18,016 $1,474,275 $1,072,201 $402,074
2021 $17,671 $1,445,369 $1,051,178 $394,191
2019 $17,419 $1,402,760 $1,020,000 $382,760
2018 $4,694 $364,406 $267,660 $96,746
2016 $4,304 $350,008 $257,267 $92,741
2015 $4,134 $344,751 $253,403 $91,348
2014 $4,110 $337,999 $248,440 $89,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18044645

California Regional Multiple Listing Service (CRMLS)

APN: 7256-031-022