NOT LISTED FOR SALE

Estimated Value: $1,813,000 - $2,078,000

6 Beds
4 Baths
2,777 Sq Ft
$705/Sq Ft Est. Value

Last Sold February 16, 2017

Last sale price $1,290,000 $465 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $11,856/month

24 Days on Market

Highlights

  • Wood Flooring
  • Floor Furnace
  • West Facing Home
  • Lowell Elementary School Rated A-
  • 2 Car Garage
  • Level Lot

About This Home

As of February 2017

Sharp 4 unit apartment building in Belmont Shore. 2- 2 bedroom 1 bath and 2- 1 bedroom 1 bath. There are 2 single garages that rent for $175 each. One of the units has a laundry room and private deck. Recent Upgrades include: copper plumbing with a re-circulating pump so that units have instant hot water, newly painted, new awnings, new outdoor light fixtures and door hardware, and address numbers, garage doors. So close to the beach you can smell the salt air! Also feet from 2nd street and all the restaurants, shopping, and public transportation. Upstairs is a 2 bedroom 1 bath in the front and a 1 bedroom 1 bath with deck in the rear. Downstairs is a 2 bedroom 1 bath in the front, and a 1 bedroom 1 bath in the back.
This will not last! Pride of ownership building. Please click on film reel under the photo to see the video tour.

Last Agent to Sell the Property

Kathy Shasha

Coldwell Banker Realty License #00911654 Listed on: 12/16/2016

Coldwell Banker Realty

Last Buyer's Agent

Kevin Hoban

Kevin C. Hoban, Broker License #00924277

Kevin C. Hoban, Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,980

Year Built

  • Built in 1947

Lot Details

  • 2,708 Sq Ft Lot
  • Lot Dimensions are 30x90
  • Two or More Common Walls
  • West Facing Home
  • Level Lot

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Combination Of Materials Used In The Driveway

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,777 Sq Ft Home
  • 2-Story Property
  • Free-Standing Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Floor Furnace
  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 4
  • Tax Tract Number 3885
  • Assessor Parcel Number 7256025007

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,348
  • Professional Management Expense $5,400
  • Water Sewer Expense $1,560
  • New Taxes Expense $17,487
  • Operating Expense $29,002
  • Gross Income $84,300
  • Net Operating Income $67,031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,980

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5400.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: No
  • Water Sewer Expenses: 1560.00
  • Zoning: LBR2S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7256025007
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 464.53

Exterior Features

  • Direction Faces: West
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Garage, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Appliances: Free-Standing Range, Refrigerator
  • Heating Type: Floor Furnace, Wall Furnace
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level
  • Lot Size: 30x90
  • Lot Size Sq Ft: 2708.00

Rental Info

  • Garage Rental Rate: 175.00
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Garage Income: 350.00
  • Gross Income: 84300.00
  • Gross Scheduled Income: 84300.00
  • Insurance Expense: 4348.00
  • Net Operating Income: 67031.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 3
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17269.00
  • Rent Control: No
  • Total Actual Rent: 5350.00
  • Total Expenses: 29002.00

Tax Info

  • New Taxes Expense: 17487.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 4
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2016
Closed on
Jan 20, 2017
Sold by
Warren Richard T
Bought by
Warren Barbara
Seller's Agent
Kathy Shasha
Coldwell Banker Realty
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$1,399,000
Sold Price
$1,290,000
Premium/Discount to List
-$109,000
-7.79%
Current Estimated Value
$1,958,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,964
Avg. Annual Appreciation
4.92%
Original Mortgage
$740,000
Outstanding Balance
$611,215
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$1,347,749

Purchase Details

Listed on
Dec 16, 2016
Closed on
Jan 12, 2017
Sold by
Warren Richard T and Warren Barbara R
Bought by
Robertson Linden and Robertson Leah
Seller's Agent
Kathy Shasha
Coldwell Banker Realty
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$1,399,000
Sold Price
$1,290,000
Premium/Discount to List
-$109,000
-7.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$611,215
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$1,347,749

Purchase Details

Closed on
Mar 15, 2016
Sold by
Warren Barbara
Bought by
The Warren Family Trust

Purchase Details

Closed on
May 16, 2008
Sold by
Hodges L Joanne
Bought by
Hodges L Joanna and L Joanna Hodges Living Trust

Purchase Details

Closed on
Dec 20, 1994
Sold by
Warren Barbara R and Berry Barbara R
Bought by
Warren Richard T and Warren Barbara R
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Warren Barbara -- Stewart Title Guaranty Co
Robertson Linden $1,290,000 Stewart Title
The Warren Family Trust -- None Available
Warren Barbara -- None Available
Hodges L Joanna -- None Available
Warren Richard T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robertson Linden $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2017 02/16/17 Sold $1,290,000 -7.8% $465 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
12/16/2016 12/16/16 For Sale $1,399,000 -- $504 / 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 $18,980 $1,497,151 $1,044,524 $452,627
2024 $18,980 $1,467,796 $1,024,044 $443,752
2023 $18,660 $1,439,016 $1,003,965 $435,051
2022 $17,506 $1,410,801 $984,280 $426,521
2021 $17,162 $1,383,139 $964,981 $418,158
2019 $16,916 $1,342,116 $936,360 $405,756
2018 $16,501 $1,315,800 $918,000 $397,800
2016 $5,344 $413,774 $156,308 $257,466
2015 $5,138 $407,560 $153,961 $253,599
2014 $5,119 $399,578 $150,946 $248,632
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16764290

California Regional Multiple Listing Service (CRMLS)

APN: 7256-025-007