$1,850,000
SOLD JUN 1, 2026
4 Beds
5 Baths
2,966 Sq Ft
3,149 Sq Ft Lot

Sale Details

Date Sold: June 1, 2026

$624 Per Sq Ft

5% Below List Price

59 Days on Market

Highlights

  • Midcentury Modern Architecture
  • No HOA
  • Bike Trail
  • Wood Flooring
  • Neighborhood Views
  • Laundry Facilities

About This Home

As of June 2026

Great location below 2nd Street with 5 units, 2 garages & 1 parking space. Easy walk to beach, bay or 2nd Street shopping. Separate meters for each unit & the laundry room. Sale is not subject to 1031 exchange.

Last Agent to Sell the Property

Steve Warshauer

Coldwell Banker Commercial Brokerage Phone: 562-397-9520 License #00499477 Listed on: 03/03/2026

Coldwell Banker Commercial

Co-Listed By

Janet Lee

Pabst, Kinney & Associates Brokerage Phone: 562-397-9520 License #01009485

Last Buyer's Agent

Richard Gaylord

Re/Max R. E. Specialists License #00680197

Re/Max R. E. Specialists
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 3,149 Sq Ft Lot
  • Two or More Common Walls
  • Sprinkler System
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Midcentury Modern Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,966 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Neighborhood Views
  • Gas Range
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Natural Gas Connected
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 18 / 18
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247002016
  • $977 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $421
  • Insurance Expense $4,458
  • Maintenance Expense $7,864
  • Other Expense $806
  • Water Sewer Expense $4,312
  • New Taxes Expense $22,740
  • Operating Expense $40,193
  • Gross Income $120,912
  • Net Operating Income $77,166

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

3,149 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.07
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 4312.00
  • Zoning: LBR2S
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7247002016
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 623.74

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Range
  • Heating Type: Natural Gas, Gravity
  • Laundry Features: Community
  • Sewer: Sewer Paid, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinkler System
  • Lot Size Sq Ft: 3149.00
  • Lot Size Acres: 0.0723
  • Latitude Manual: 33.75970100

Rental Info

  • Garage Rental Rate: 185.00
  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 421.00
  • Garage Income: 2220.00
  • Gross Income: 120912.00
  • Gross Multiplier: 15.95
  • Gross Operating Income: 114899.00
  • Gross Scheduled Income: 118452.00
  • Insurance Expense: 4458.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 240.00
  • Lot Size Area: 3149.0000 Square Feet
  • Maintenance Expense: 7864.00
  • Net Operating Income: 77166.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 40193.00
  • Operating Expense Percent: 34.00
  • Other Expense: 806.00
  • Rent Control: Yes
  • Total Expenses: 40193.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22740.00
  • Tax Block: 18
  • Tax Lot: 18
  • Tax Tract Number: 3885
  • TaxOtherAnnualAssessmentAmount: 977.00

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
06/01/2026 06/01/26 Sold $1,850,000 -2.4% $624 / Sq Ft
04/06/2026 04/06/26 Price Changed $1,895,000 -2.8% $639 / Sq Ft
03/03/2026 03/03/26 For Sale $1,950,000 -- $657 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26046748

California Regional Multiple Listing Service (CRMLS)
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