NOT LISTED FOR SALE
9 Beds
9 Baths
4,272 Sq Ft
3,160 Sq Ft Lot

Sale Details

Date Sold: April 4, 2025

Last sale price $3,524,930 $825 Per Sq Ft

30 Days on Market

Highlights

  • Traditional Architecture
  • Lowell Elementary School Rated A-
  • Zoned Cooling

About This Home

As of April 2025

100% Gut-Renovated 9-unit building in Belmont Shore cash flowing at an amazing Current Cap Rate of 5.25% and 13.6 GRM. All units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units ideal for families, as well as 5 modern (1bed/1bath) units, and 2 (studio/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency (3 vacant). On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. The property is located in the heart of Belmont Shore within walking distance of the Pacific Ocean and the Beach. Located just steps away from all the neighborhood attractions, restaurants, bars, and shops on 2nd St such as Sait & Second, Nick's on 2nd, The Win~Dow, Simmzy's, Roe Seafood, Breakfast Republic, Sweet Jill's Bakery, Galata Ice Cream, and many more popping up all around the area.

Last Agent to Sell the Property

Armin Soleimani

Global Platinum Properties, Inc. License #01846872 Listed on: 01/08/2025

Co-Listed By

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Last Buyer's Agent

Brendan Mahoney

First Team Real Estate License #02024055

First Team Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 3,160

Home Design

  • Traditional Architecture

Interior Spaces

  • 4,272 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Additional Features

  • 3,160 Sq Ft Lot
  • Zoned Cooling

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7256-027-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

3,160 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Advertising Remarks: 100% Gut-Renovated 9-unit building in Belmont Shore cash flowing at an amazing Current Cap Rate of 5.25% and 13.6 GRM. All units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units ideal for families, as well as 5 modern (1bed/1bath) units, and 2 (studio/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency (3 vacant). On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc.
  • Building Permit: Yes
  • Living Area: 4272
  • Lot Acreage: 0.0725
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 9.00
  • Equipment: Hood Fan
  • Price Per S Q F T: 959.74

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Multi/Zone
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 36.56
  • Assessed Improvement Value: 713454
  • Assessed Land Percent: 63.44
  • Assessed Land Value: 1238076
  • Total Assessed Value: 1951530
  • Assessor Parcel Number: 7256-027-012
  • Lot Size Area: 3160

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.64
  • Number Of Units: 9
  • Type Of Units: Garden

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2025 04/04/25 Sold $3,524,930 -14.0% $825 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/08/2025 01/08/25 For Sale $4,100,000 +124.7% $960 / Sq Ft
06/30/2021 06/30/21 Sold $1,825,000 -8.8% $438 / Sq Ft View Prior Sale
05/22/2021 05/22/21 For Sale $2,000,000 -- $481 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $27,737 $2,059,420 $1,288,093 $771,327
2024 $26,199 $1,990,560 $1,262,837 $727,723
2023 $25,746 $1,951,530 $1,238,076 $713,454
2022 $23,538 $1,861,500 $1,213,800 $647,700
2021 $3,102 $158,274 $74,270 $84,004
2020 $3,093 $157,552 $73,509 $84,043
2019 $3,057 $154,481 $72,068 $82,413
2018 $2,950 $151,470 $70,655 $80,815
2016 $2,714 $144,725 $67,912 $76,813
2015 $2,630 $142,552 $66,892 $75,660
2014 $2,659 $139,760 $65,582 $74,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-478505

The MLS
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