NOT LISTED FOR SALE

Estimated Value: $1,255,000 - $1,355,590

5 Beds
2 Baths
2,394 Sq Ft
$547/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $1,099,000 $459 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,392/month

38 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Woodrow Wilson High School Rated A

About This Home

As of April 2021

STUNNING OPPORTUNITY! COMPLETELY RENOVATED Rose Park TRI-PLEX! 3 bedroom/1 bath Single Family Home at front built in 1920 with 1,068 SF AND Two 2 bedroom/1 bath units at rear (1 up and 1 down) that were built in 1962 and have 1,326 SF. This property is perfect for both OWNERS AND INVESTORS! Live in the front house while the rear tenants help to pay off your investment or rent them all! All units are MOVE-IN READY! There is AMPLE OPEN PARKING between the front and back units with an almost MAINTENANCE FREE lot! All units have separate gas and electric meters! EXCELLENT LOCATION near the beach, Belmont Shore & Naples/Marina shopping, Pine Ave, LB Convention Center, Cal State LB, Recreation Park golf and MORE! Virtual 3D Matterport Tour will be available next week. Here is a list of the IMPROVEMENTS: New concrete in drive and parking, New energy dual pane windows, New main sewer lines Front and back, automatic irrigation system, New copper water lines and main a couple years ago, New 100amp breaker and electrical in house, New water heaters in all units, Remodeled House a couple years ago, Remodeled Bath and flooring in Unit A, Unit B has stove and refrigerator and newer Bath, Units A & B and house have washer and dryer hook ups, Units A & B have water usage meters, House was just been painted inside and out, and property was FUMIGATED 9/25/20 by Korky’s Pest Control! HURRY… DON’T MISS THIS EXCELLENT OPPORTUNITY!

Last Agent to Sell the Property

Mike Potier

Vylla Home, Inc. License #00458210 Listed on: 02/05/2021

Vylla Home, Inc.

Last Buyer's Agent

Karen Franssen

First Team Real Estate License #01250469

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,176

Year Built

  • Built in 1920

Lot Details

  • 5,908 Sq Ft Lot
  • No Common Walls
  • Sprinklers on Timer

Home Design

  • 2,394 Sq Ft Home
  • Triplex
  • Split Level Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 87
  • Tax Tract Number 5769
  • Assessor Parcel Number 7262001013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Circle Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $23,760
  • Gross Income $6,600
  • Net Operating Income $55,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,176

Year Built

Built in 1920

Lot Details

0

Listing Details

  • CapRate: 5.04
  • Other Phone Description: Agent Direct
  • Other Phone Number: 562-708-0870
  • Property Attached: No
  • Subdivision Name Other: Circle (CA)
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7262001013
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 459.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers Timer
  • Lot Size Sq Ft: 5908.00
  • Lot Size Acres: 0.1356

Multi Family

  • Average2 Bed Area: 663 Square Feet
  • Average3 Bed Area: 1068 Square Feet
  • Gross Income: 6600.00
  • Gross Multiplier: 13.90
  • Gross Scheduled Income: 79200.00
  • Lot Size Area: 5908.0000 Square Feet
  • Net Operating Income: 55440.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 23760.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Expenses: 23760.00

Tax Info

  • Tax Census Tract: 5769.03
  • Tax Lot: 87
  • Tax Tract Number: 5769

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 22, 2021
Sold by
Kiefer Kenneth R
Bought by
Black Nathan D and Hodges Kelly
Seller's Agent
Mike Potier
Vylla Home, Inc.
Buyer's Agent
Karen Franssen
First Team Real Estate
List Price
$1,155,000
Sold Price
$1,099,000
Premium/Discount to List
-$56,000
-4.85%
Current Estimated Value
$1,301,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,691
Avg. Annual Appreciation
4.13%
Original Mortgage
$824,250
Outstanding Balance
$745,808
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$563,840
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
Black Nathan D $1,099,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Nathan D $824,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $1,099,000 0.0% $459 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/05/2021 03/05/21 Price Changed $1,099,000 -4.8% $459 / Sq Ft
02/05/2021 02/05/21 For Sale $1,155,000 -- $482 / 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 $15,176 $1,189,591 $541,216 $648,375
2024 $15,176 $1,166,266 $530,604 $635,662
2023 $14,923 $1,143,399 $520,200 $623,199
2022 $14,006 $1,120,980 $510,000 $610,980
2021 $2,879 $187,775 $69,769 $118,006
2020 $2,871 $185,850 $69,054 $116,796
2019 $2,839 $182,206 $67,700 $114,506
2018 $2,665 $178,634 $66,373 $112,261
2016 $2,447 $171,699 $63,797 $107,902
2015 $2,359 $169,121 $62,839 $106,282
2014 $2,361 $165,810 $61,609 $104,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21024487

California Regional Multiple Listing Service (CRMLS)

APN: 7262-001-013