NOT LISTED FOR SALE
7 Beds
5 Baths
3,542 Sq Ft
3,132 Sq Ft Lot

Last Sold September 29, 2020

Last sale price $1,640,000 $463 Per Sq Ft

2 Days on Market

Highlights

  • Spanish Architecture
  • Lowell Elementary School Rated A-
  • Laundry Room

About This Home

As of September 2020

Great 5 unit building in Belmont Shore. There are 2-2bdrms/1bath, 3-1bdrms/1bath, built in 1927, 3,543 sq. ft. no significant upgrades.

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 07/25/2020

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 3,132 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • Spanish Architecture
  • Apartment

Interior Spaces

  • 3,542 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 19 / 21
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247016028

Community Details

Overview

  • 5 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $436
  • Gardener Expense $1,147
  • Insurance Expense $3,377
  • Maintenance Expense $1,578
  • Water Sewer Expense $2,085
  • New Taxes Expense $18,551
  • Operating Expense $27,430
  • Gross Income $8,885
  • Net Operating Income $55,337

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 2085.00
  • Zoning: LBR2S
  • Architectural Style: Spanish
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1147.00
  • Parcel Number: 7247016028
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 463.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 3132.00
  • Lot Size Acres: 0.0719

Rental Info

  • Garage Rental Rate: 125.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 436.00
  • Garage Income: 250.00
  • Gross Income: 8885.00
  • Gross Scheduled Income: 100150.00
  • Insurance Expense: 3377.00
  • Lot Size Area: 3132.0000 Square Feet
  • Maintenance Expense: 1578.00
  • Net Operating Income: 55337.41
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 7911.88
  • Rent Control: No
  • Total Actual Rent: 8590.00
  • Total Expenses: 27430.00

Tax Info

  • New Taxes Expense: 18551.00
  • Tax Block: 21
  • Tax Census Tract: 5773.00
  • Tax Lot: 19
  • Tax Tract Number: 3750

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2020 09/29/20 Sold $1,640,000 -0.5% $463 / Sq Ft
07/25/2020 07/25/20 For Sale $1,649,000 -- $466 / 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 $22,543 $1,775,186 $1,298,917 $476,269
2024 $22,543 $1,740,380 $1,273,449 $466,931
2023 $22,162 $1,706,256 $1,248,480 $457,776
2022 $20,792 $1,672,800 $1,224,000 $448,800
2021 $20,380 $1,640,000 $1,200,000 $440,000
2020 $12,377 $960,881 $576,531 $384,350
2019 $12,232 $942,041 $565,227 $376,814
2018 $11,920 $923,571 $554,145 $369,426
2016 $10,963 $887,710 $532,628 $355,082
2015 $10,527 $874,377 $524,628 $349,749
2014 $10,465 $857,250 $514,352 $342,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20147256

California Regional Multiple Listing Service (CRMLS)