NOT LISTED FOR SALE
5 Beds
5 Baths
3,409 Sq Ft
5,259 Sq Ft Lot Lot

Sale Details

Date Sold: August 15, 2019

Last sale price $1,725,000 $506 Per Sq Ft

11 Days on Market

Highlights

  • Ocean Front
  • No HOA
  • Landscaped
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of August 2019

5 Unit Income Building with 3400 Sqft of Living Space Located just steps to the Beach with New Stucco and Exterior Paint. Situated on a 5,200 Sqft Lot with a Large Owner’s Unit, Rooftop Entertaining Deck with Full Ocean Views and 3 Garage Spaces. Walking Distance to Unique Dining and Boutique Shopping on Second Street.

Last Agent to Sell the Property

Kym Elder

Coldwell Banker Realty License #01320231 Listed on: 07/02/2019

Coldwell Banker Realty

Last Buyer's Agent

Cindy Ludwig

First Team Real Estate License #01020764

First Team Real Estate

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1939

Lot Details

  • 5,259 Sq Ft Lot
  • Ocean Front
  • No Common Walls
  • Landscaped

Parking

  • 3 Car Garage

Interior Spaces

  • 3,409 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 1 / 250
  • Tax Tract Number 1
  • Assessor Parcel Number 7256001022

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $3,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $22,437
  • Operating Expense $28,337
  • Gross Income $94,080
  • Net Operating Income $65,743

Property Details

Home Type

Apartment

Year Built

Built in 1939

Lot Details

5,259 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR4R
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7256001022
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 506.01

Exterior Features

  • View: Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5259.00
  • Lot Size Acres: 0.1207

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 94080.00
  • Gross Scheduled Income: 94080.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 5259.0000 Square Feet
  • Net Operating Income: 65743.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 28337.00
  • Rent Control: No
  • Total Actual Rent: 7840.00
  • Total Expenses: 28337.00
  • Waterfront Features: Ocean Front

Tax Info

  • New Taxes Expense: 22437.00
  • Tax Block: 250
  • Tax Census Tract: 5772.00
  • Tax Lot: 1
  • Tax Tract Number: 1
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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
08/15/2019 08/15/19 Sold $1,725,000 -3.9% $506 / Sq Ft
07/02/2019 07/02/19 For Sale $1,795,000 -- $527 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,942 $1,886,535 $1,203,008 $683,527
2024 $23,942 $1,849,545 $1,179,420 $670,125
2023 $23,539 $1,813,281 $1,156,295 $656,986
2022 $22,085 $1,777,727 $1,133,623 $644,104
2021 $21,652 $1,742,871 $1,111,396 $631,475
2019 $13,569 $1,049,616 $734,096 $315,520
2018 $13,205 $1,029,054 $719,702 $309,352
2016 $12,150 $988,222 $691,756 $296,466
2015 $11,665 $973,379 $681,366 $292,013
2014 $11,594 $954,312 $668,019 $286,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19156603

California Regional Multiple Listing Service (CRMLS)
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