NOT LISTED FOR SALE

Estimated Value: $1,523,000 - $1,694,000

5 Beds
2 Baths
1,974 Sq Ft
$804/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $1,085,000 $550 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $9,669/month

55 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Neighborhood Views
  • Lowell Elementary School Rated A-
  • Granite Countertops
  • 4-minute walk to Livingston Drive Park

About This Home

As of August 2019

Spanish style duplex in popular Belmont Shore. Only blocks away from the beach and the shops, restaurants and services of "The Shore" make this both a home, investment and a lifestyle. One of the few streets in the area with grass parkway in front, leads to a tiled patio with beautiful palm trees and garden planters. The downstairs front unit is a 3 bedroom, 1 bath residence with hardwood floors and coved ceilings throughout. The living room greets you with a fireplace and original arched windows that provide both light and design. Windows are have custom wooden shutters. The formal dining room is served through an arched entry and opens to the kitchen. The kitchen has been expanded and remodeled with wood cabinets, granite counters and recessed lighting. Laundry is kitchen adjacent. The hallway with builtin cabinets takes you to the three bedrooms, each with nice sized closets, ceiling fans and newer windows. The upstairs unit is a 2 bedroom and 1 bath residence. The living room features large windows, hardwood floors and a faeux fireplace with adjacent built in cabinetry. Both bedrooms have walk in closets with builtin drawer cabinets. The bathroom is upgraded with a tiled shower, pedestal sink and upper and lower cabinets. The hallway provides added storage with closet and drawer cabinets. The kitchen and adjacent dining room have new cabinets, builtin features and tiled counters. The property includes 2 single garages, one with laundry. Additional parking behind garages.

Last Agent to Sell the Property

Greg Bingham

Coldwell Banker Realty License #01309137 Listed on: 05/21/2019

Coldwell Banker Realty

Last Buyer's Agent

Scott Price

Compass License #01418572

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 2,895 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,974 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Coffered Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Plantation Shutters
  • Panel Doors
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Electric Range
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 12
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247001012

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $400
  • Water Sewer Expense $400
  • New Taxes Expense $15,000
  • Operating Expense $17,200
  • Gross Income $55,000
  • Net Operating Income $45,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.60
  • 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: Yes
  • Water Sewer Expenses: 400.00
  • Zoning: LBR2S
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7247001012
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Coffered Ceiling(s), Copper Plumbing Full, Crown Molding, Granite Counters, Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 549.65
  • Window Features: Plantation Shutters

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal, Gas Water Heater, Water Heater
  • Heating Type: Floor Furnace, Wall Furnace, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2895.00
  • Lot Size Acres: 0.0665

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1174 Square Feet
  • Gross Income: 55000.00
  • Gross Multiplier: 22.70
  • Gross Scheduled Income: 55000.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 2895.0000 Square Feet
  • Net Operating Income: 45800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 9200.00
  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Total Expenses: 17200.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 12
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
Aug 7, 2019
Sold by
Bingham Gregory George
Bought by
Woods Katherine
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
Scott Price
Compass
List Price
$1,250,000
Sold Price
$1,085,000
Premium/Discount to List
-$165,000
-13.2%
Current Estimated Value
$1,588,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,015
Avg. Annual Appreciation
6.04%
Original Mortgage
$813,750
Outstanding Balance
$712,695
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$875,320

Purchase Details

Closed on
Dec 3, 2001
Sold by
Rehling Kenneth and Rehling Kelli Lefebvre
Bought by
Bingham Gregory George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,854
Interest Rate
7%

Purchase Details

Closed on
Mar 1, 2001
Sold by
Faber Vento Krista L and Faber Krista Leigh
Bought by
Rehling Kenneth and Rehling Kelli Lefebvre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,950
Interest Rate
7.11%

Purchase Details

Closed on
Nov 16, 1994
Sold by
The Prudential Home Mtg Co Inc
Bought by
Faber Krista Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,700
Interest Rate
9.25%

Purchase Details

Closed on
Aug 22, 1994
Sold by
Cordova Thomas P and The Prudential Home Mtg Compan
Bought by
The Prudential Home Mtg Company Inc

Purchase Details

Closed on
Dec 28, 1990
Sold by
Cordova Thomas P
Bought by
Cordova Thomas P and Cordova Melinda K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Woods Katherine $1,085,000 Equity Title
Bingham Gregory George $546,000 North American Title Co
Rehling Kenneth $485,000 North American Title Co
Faber Vento Krista L -- North American Title
Faber Krista Leigh $263,000 Old Republic Title Company
The Prudential Home Mtg Company Inc $264,900 --
Cordova Thomas P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woods Katherine $813,750
Previous Owner Bingham Gregory George $490,854
Previous Owner Rehling Kenneth $351,950
Previous Owner Faber Krista Leigh $236,700
Closed Rehling Kenneth $33,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2019 08/20/19 Sold $1,085,000 -5.7% $550 / Sq Ft
07/05/2019 07/05/19 Price Changed $1,150,000 -3.8% $583 / Sq Ft
06/13/2019 06/13/19 Price Changed $1,195,000 -4.4% $605 / Sq Ft
05/21/2019 05/21/19 For Sale $1,250,000 0.0% $633 / Sq Ft
12/31/2013 12/31/13 Rented $2,300 0.0% --
12/31/2013 12/31/13 For Rent $2,300 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,896 $1,186,602 $874,915 $311,687
2024 $14,896 $1,163,336 $857,760 $305,576
2023 $14,649 $1,140,527 $840,942 $299,585
2022 $13,741 $1,118,164 $824,453 $293,711
2021 $13,476 $1,096,240 $808,288 $287,952
2019 $9,077 $723,067 $496,614 $226,453
2018 $8,823 $708,890 $486,877 $222,013
2016 $8,110 $681,365 $467,972 $213,393
2015 $7,780 $671,131 $460,943 $210,188
2014 $7,723 $657,985 $451,914 $206,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19118768

California Regional Multiple Listing Service (CRMLS)

APN: 7247-001-012

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