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

Sale Details

Date Sold: June 1, 2026

$624 Per Sq Ft

5% Below List Price

59 on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • Neighborhood Views
  • Lowell Elementary School Rated A-
  • No HOA
  • Bike Trail

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

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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)

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26046748

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.