NOT LISTED FOR SALE
1 Bed
3 Baths
3,646 Sq Ft
2,699 Sq Ft Lot

Sale Details

Date Sold: May 20, 2020

Last sale price $1,850,000 $507 Per Sq Ft

Highlights

  • Bike Trail
  • Laundry Facilities
  • Wall Furnace
  • Lowell Elementary School Rated A-

About This Home

As of May 2020

Off market sale. MLS input for comparable information only

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 05/18/2020

Last Buyer's Agent

Bill Mulkey

TR Wealth Management Inc. License #00986020

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1947

Lot Details

  • 2,699 Sq Ft Lot
  • No Common Walls
  • Density is 36-40 Units/Acre

Home Design

  • 3,646 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Legal Lot and Block 8 / 4
  • Tax Tract Number 3885
  • Assessor Parcel Number 7256025011

Community Details

Recreation

  • Bike Trail

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • Electric Expense $1,200
  • Insurance Expense $300
  • Professional Management Expense $5,000
  • Trash Expense $1,200
  • Water Sewer Expense $3,600
  • New Taxes Expense $23,125
  • Operating Expense $34,425
  • Gross Income $69,350
  • Net Operating Income $69,350

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1947

Lot Details

2,699 Sq Ft Lot

Listing Details

  • CapRate: 3.74
  • Professional Management Expense: 5000.00
  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 3600.00
  • Zoning: LBR2S
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7256025011
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 507.41

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 2699.00
  • Lot Size Acres: 0.0620

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average Studio Area: 450 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 69350.00
  • Gross Multiplier: 17.93
  • Gross Operating Income: 99072.00
  • Gross Scheduled Income: 103200.00
  • Insurance Expense: 300.00
  • Lot Size Area: 2699.0000 Square Feet
  • Net Operating Income: 69350.00
  • Number Of Separate Electric Meters: 8
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 33850.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Expenses: 34425.00

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Block: 4
  • Tax Census Tract: 5773.00
  • Tax Lot: 8
  • Tax Tract Number: 3885

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Dlm Chestnut Llc and Ximeno Shores Partners Lp
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,135,000
Outstanding Balance
$1,103,571
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2020
Closed on
May 13, 2020
Sold by
Dixon John G and The Dixon Trust A
Bought by
Fuchino Stacy and Fuchino Marvin Laura
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Bill Mulkey
TR Wealth Management Inc.
Sold Price
$1,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Listed on
May 18, 2020
Closed on
May 11, 2020
Sold by
Marracci Jean Marie
Bought by
Marracci Tom
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Bill Mulkey
TR Wealth Management Inc.
Sold Price
$1,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.3%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$2,200,000 Fidelity National Title
Fuchino Stacy $1,850,000 Ticor Title
Marracci Tom -- First American Title
Mackiewicz Michael -- Fidelity National Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,135,000
Previous Owner Fuchino Stacy $1,200,000
Previous Owner Dixon John T $650,000
Source: Public Records

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
05/20/2020 05/20/20 Sold $1,850,000 0.0% $507 / Sq Ft
05/18/2020 05/18/20 Off Market $1,850,000 -- --
01/25/2020 01/25/20 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $29,885 $2,288,880 $1,456,560 $832,320
2025 $29,885 $2,244,000 $1,428,000 $816,000
2024 $25,933 $1,983,571 $1,286,641 $696,930
2023 $25,487 $1,944,678 $1,261,413 $683,265
2022 $23,913 $1,906,548 $1,236,680 $669,868
2021 $23,435 $1,869,166 $1,212,432 $656,734
2020 $7,898 $561,618 $168,409 $393,209
2019 $7,804 $550,625 $165,107 $385,518
2018 $7,605 $539,848 $161,870 $377,978
2016 $7,004 $517,993 $155,586 $362,407
2015 $6,740 $510,213 $153,249 $356,964
2014 $6,732 $500,220 $150,248 $349,972
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20094944

California Regional Multiple Listing Service (CRMLS)
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