NOT LISTED FOR SALE

Estimated Value: $1,780,000 - $2,276,000

4 Beds
4 Baths
2,538 Sq Ft
$777/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $1,750,000 $690 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $12,331/month

106 Days on Market

Highlights

  • Property has ocean access
  • Midcentury Modern Architecture
  • Granite Countertops
  • Lowell Elementary School Rated A-
  • Wood Flooring
  • Lawn

About This Home

As of February 2023

Call now for a daytime appointment!
1 Bedroom, 1 Bath Upstairs apartment Approx 550sqft, located in the heart of Belmont Shore, 2 blocks from the beach with direct access to the water and 1 block from 2nd Street for great restaurants, outdoor cafes, casual shopping, and much more!

Key Features:
-Prime location
-Charming 4 unit building
-Freshly Painted
-New Carpets
-Granite Kitchen Counters with lots of cabinet space
-Living room
-Dinning area
-Bedroom with 2 windows
-Ceiling fans
-Includes fridge, stove, dishwasher

Embrace the chance to reside in the heart of Belmont Shore. Contact us today to schedule a viewing and start your journey towards calling this fabulous space your new home.

1 year lease
No Smoking on Premises
Street Parking only

Last Agent to Sell the Property

Jack Tanner

Beach Cities Properties, Inc. License #01383525 Listed on: 09/27/2022

Last Buyer's Agent

Renata Fallon

Redfin Corporation License #01752799

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,914

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 3,150 Sq Ft Lot
  • Two or More Common Walls
  • Sprinklers on Timer
  • Lawn
  • Front Yard

Parking

  • 1 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Home Design

  • Midcentury Modern Architecture
  • Quadruplex
  • Turnkey
  • Raised Foundation
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Property has ocean access
  • Beach Access

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 3750

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $631
  • Gardener Expense $1,200
  • Insurance Expense $1,423
  • Maintenance Expense $4,148
  • Other Expense $1,700
  • Pest Control $234
  • Professional Management Expense $4,741
  • Water Sewer Expense $1,631
  • New Taxes Expense $26,250
  • Operating Expense $14,667
  • Gross Income $435
  • Net Operating Income $84,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,914

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Inclusions: Landlords owned appliances
  • Price Per Unit: 450000
  • Professional Management Expense: 4741.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 1631.00
  • Architectural Style: Mid Century Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 689.52

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Pest Control Expense: 234.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 3150.00
  • Lot Size Acres: 0.0723

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 634 Square Feet
  • Electric Expense: 631.00
  • Gross Income: 435.00
  • Gross Multiplier: 17.61
  • Gross Operating Income: 99360.00
  • Gross Scheduled Income: 99360.00
  • Insurance Expense: 1423.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 435.00
  • Lot Size Area: 3150.0000 Square Feet
  • Maintenance Expense: 4148.00
  • Net Operating Income: 84693.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 2
  • Number With Dishwasher: 3
  • Number With Range: 4
  • Operating Expense: 14667.00
  • Other Expense: 1700.00
  • Other Expense Description: Cleaning
  • Rent Control: No
  • Total Expenses: 14667.00
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • New Taxes Expense: 26250.00
  • Tax Lot: 12
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2025
Sold by
Schames David A and Schames Joanna R
Bought by
Schames Family Trust and Schames
Current Estimated Value
$1,971,465

Purchase Details

Closed on
Jan 31, 2022
Sold by
Louise Clayton Darlene
Bought by
Daniel R Clayton And Darlene L Clayton 2004 T and Clayton Darlene L

Purchase Details

Closed on
Jan 25, 2022
Sold by
Louise Clayton Darlene
Bought by
Daniel R Clayton And Darlene L Clayton 2004 T

Purchase Details

Closed on
Dec 20, 2004
Sold by
Clayton Darlene Louise and Clayton Dan R
Bought by
Clayton Daniel R
Source: Public Records

Range of Values:

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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
Schames Family Trust -- None Listed On Document
Daniel R Clayton And Darlene L Clayton 2004 T -- --
Daniel R Clayton And Darlene L Clayton 2004 T -- --
Clayton Daniel R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2024 03/22/24 Price Changed $2,095 -2.6% $4 / Sq Ft
03/09/2024 03/09/24 Price Changed $2,150 -2.1% $4 / Sq Ft
02/16/2024 02/16/24 Price Changed $2,195 -4.4% $4 / Sq Ft
02/02/2024 02/02/24 Price Changed $2,295 -4.4% $4 / Sq Ft
12/28/2023 12/28/23 For Rent $2,400 0.0% --
02/14/2023 02/14/23 Sold $1,750,000 -2.8% $690 / Sq Ft
01/11/2023 01/11/23 Pending -- -- --
12/09/2022 12/09/22 Price Changed $1,800,000 -7.7% $709 / Sq Ft
11/07/2022 11/07/22 Price Changed $1,950,000 -2.3% $768 / Sq Ft
10/31/2022 10/31/22 Price Changed $1,995,000 -5.0% $786 / Sq Ft
10/25/2022 10/25/22 Price Changed $2,099,000 0.0% $827 / Sq Ft
10/25/2022 10/25/22 For Sale $2,099,000 +19.9% $827 / Sq Ft
10/22/2022 10/22/22 Off Market $1,750,000 -- --
10/21/2022 10/21/22 For Sale $2,100,000 +20.0% $827 / Sq Ft
10/20/2022 10/20/22 Off Market $1,750,000 -- --
09/27/2022 09/27/22 For Sale $2,100,000 -- $827 / 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 $22,914 $1,820,700 $1,196,460 $624,240
2024 $22,914 $1,785,000 $1,173,000 $612,000
2023 $20,427 $1,581,000 $1,020,000 $561,000
2022 $19,161 $1,550,000 $1,000,000 $550,000
2021 $2,189 $125,880 $74,270 $51,610
2020 $2,182 $125,270 $73,509 $51,761
2019 $2,158 $122,828 $72,068 $50,760
2018 $2,059 $120,434 $70,655 $49,779
2016 $1,892 $115,106 $67,912 $47,194
2015 $1,829 $113,378 $66,892 $46,486
2014 $1,840 $111,158 $65,582 $45,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22209571

California Regional Multiple Listing Service (CRMLS)

APN: 7256-030-014