$1,400,000
SOLD JAN 14, 2025
3 Beds
2 Baths
2,007 Sq Ft
3,053 Sq Ft Lot

Recently Sold

$698 Per Sq Ft

3% Below List Price

21 Days on Market

Highlights

  • Attached Guest House
  • Golf Course Community
  • Property is near a park
  • Lowell Elementary School Rated A-
  • Ocean Side of Highway 1
  • Wood Flooring

About This Home

As of January 2025

Classic Spanish home with front building containing a highly upgraded 2 br. 2 ba. home with a fully permitted rear addition built in 1975 that is attached but not connected to the front living space, consisting of a large one bedroom, family room two-story, 880 sq. ft. addition with an attached single car garage. The kitchenette in the rear building appears to be unpermitted. This property appears to be ideally suited for a possible ADU or 2nd un
it. The rear living space has a downstairs living area with fireplace, upgraded plank flooring and huge upstairs bedroom with a small deck, large windows, ceiling fan, central heat & a/c and spacious closets.
This property appears to be ideally suited for a possible ADU or 2nd unit. The rear living space has a downstairs living area with fireplace, upgraded plank flooring and huge upstairs bedroom with full glass & marble bathroom. This potentially could be a fantastic separate rental or ADU, if permitted.
The front 2 br. 2. bath Spanish home has been nicely upgraded with plank flooring, upgraded kitchen with Caesarstone finishes and subway tile backsplash. Other amenities include arched windows, built-ins, upgraded windows throughout, laundry room & central a/c. This property is move-in ready throughout and could be an ideal home with potential income unit in the rear!

Last Agent to Sell the Property

John Gooding

Vista Sotheby's Int'l Realty Brokerage Phone: 562 756-6500 License #00479227 Listed on: 11/21/2024

Vista Sotheby's Int'l Realty

Last Buyer's Agent

ken harley

PINNACLE REALTY License #01819450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,304

Year Built

  • Built in 1923

Lot Details

  • 3,053 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Southeast Facing Home
  • Wrought Iron Fence
  • Fence is in excellent condition
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Garden
  • Front Yard

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • No Driveway

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Asphalt Roof
  • Common Roof
  • Concrete Perimeter Foundation
  • Plaster
  • Stucco

Interior Spaces

  • 2,007 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Features Masonry
  • Gas Fireplace
  • Double Pane Windows
  • Wood Frame Window
  • Casement Windows
  • Window Screens
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops
  • Ceramic Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Fireplace in Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Sewer Paid

Additional Features

  • Grab Bar In Bathroom
  • Attached Guest House

Listing and Financial Details

  • Legal Lot and Block 24 / 6
  • Tax Tract Number 3885
  • Assessor Parcel Number 7256024023
  • $431 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Water Sports

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $1,800
  • Trash Expense $1,500
  • Water Sewer Expense $1,800
  • Operating Expense $8,100
  • Gross Income $75,000
  • Net Operating Income $53,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,304

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Inclusions: washer/dryer/refrigerators (2)
  • Price Per Unit: 725000
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Well Report: No
  • Zoning: LBR2S
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7256024023
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Crown Molding, Granite Counters, In-Law Floorplan, Quartz Counters, Recessed Lighting, Stone Counters, Tile Counters, Unfurnished
  • Stories: 1
  • Entry Location: FRONT
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Grab Bars In Bathroom(s)
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Patio, Gas, Gas Starter, Masonry
  • Levels: One, Two
  • Price Per Square Foot: 697.56
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Casement Windows, Double Pane Windows, Screens, Wood Frames

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Concrete Perimeter, Pillar/Post/Pier, Raised, Slab
  • Other Structures: Guest House Attached
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Excellent Condition, Wrought Iron
  • Pool Private: No
  • Roof: Asphalt, Common Roof, Rolled/Hot Mop, Spanish Tile
  • Spa: No
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Garage Door Opener, No Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Gas Range, Gas Cooktop, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, In Kitchen, Individual Room, Washer Included
  • Sewer: Sewer Paid
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park, Golf, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Gentle Sloping, Lawn, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 3053.00
  • Lot Size Acres: 0.0701

Multi Family

  • Average1 Bed Area: 880 Square Feet
  • Average2 Bed Area: 1127 Square Feet
  • Electric Expense: 3000.00
  • Gross Income: 75000.00
  • Gross Operating Income: 73500.00
  • Gross Scheduled Income: 75000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 3053.0000 Square Feet
  • Net Operating Income: 53500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 8100.00
  • Vacancy Allowance: 1500
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5773.00
  • Tax Lot: 24
  • Tax Tract Number: 3885
  • TaxOtherAnnualAssessmentAmount: 431.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Jan 7, 2025
Sold by
Jacqueline Pace Separate Property Trust and Farmers And Merchants Trust Company Of L
Bought by
Sean Nguyen Robbins And Cassandra Luu Robbins and Robbins
Seller's Agent
John Gooding
Vista Sotheby's Int'l Realty
Buyer's Agent
ken harley
PINNACLE REALTY
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%
Views
28
Current Estimated Value
$1,424,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,747
Avg. Annual Appreciation
1.65%
Original Mortgage
$1,050,000
Outstanding Balance
$1,044,563
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$368,564

Purchase Details

Closed on
Jun 29, 2017
Sold by
Pace Jacqueline
Bought by
Pace Jacqueline and Jacqueline Pace Separate Property Trust

Purchase Details

Listed on
Jun 28, 2014
Closed on
Sep 30, 2014
Sold by
Polak Michael
Bought by
Pace Jacqueline
Seller's Agent
Alan Wignall
First Team Real Estate
Buyer's Agent
Alan Wignall
First Team Real Estate
List Price
$849,900
Sold Price
$675,000
Premium/Discount to List
-$174,900
-20.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%

Purchase Details

Listed on
Jun 28, 2014
Closed on
Sep 22, 2014
Sold by
Solhehn Gloria M
Bought by
Pace Jacqueline
Seller's Agent
Alan Wignall
First Team Real Estate
Buyer's Agent
Alan Wignall
First Team Real Estate
List Price
$849,900
Sold Price
$675,000
Premium/Discount to List
-$174,900
-20.58%

Purchase Details

Listed on
Jun 28, 2014
Closed on
Sep 19, 2014
Sold by
Solheim Gloria Marie
Bought by
Solheim Gloria Marie and Solheim Virginia L
Seller's Agent
Alan Wignall
First Team Real Estate
Buyer's Agent
Alan Wignall
First Team Real Estate
List Price
$849,900
Sold Price
$675,000
Premium/Discount to List
-$174,900
-20.58%

Purchase Details

Closed on
Mar 10, 2014
Sold by
Solheim Gloria Marie
Bought by
Solheim Gloria M and Solheim Virginia L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,400,000 Ticor Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Western Resources Title Co
Grant Deed -- Western Resources Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 Sold $1,400,000 0.0% $698 / Sq Ft
01/14/2025 01/14/25 Sold $1,400,000 -3.4% $698 / Sq Ft
12/12/2024 12/12/24 Pending -- -- --
12/12/2024 12/12/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $1,450,000 0.0% $722 / Sq Ft
11/16/2024 11/16/24 For Sale $1,450,000 +114.8% $722 / Sq Ft
10/24/2014 10/24/14 Sold $675,000 -20.6% $336 / Sq Ft
06/28/2014 06/28/14 For Sale $849,900 -- $423 / 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 $10,304 $1,400,000 $1,000,000 $400,000
2024 $10,304 $795,329 $636,268 $159,061
2023 $10,133 $779,736 $623,793 $155,943
2022 $9,510 $764,448 $611,562 $152,886
2021 $9,323 $749,460 $599,571 $149,889
2019 $9,190 $727,234 $581,789 $145,445
2018 $8,923 $712,976 $570,382 $142,594
2016 $8,203 $685,293 $548,235 $137,058
2015 $7,870 $675,000 $540,000 $135,000
2014 $6,101 $511,539 $383,657 $127,882
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24238178

California Regional Multiple Listing Service (CRMLS)

APN: 7256-024-023