NOT LISTED FOR SALE

Estimated Value: $1,640,000 - $1,973,918

5 Beds
4 Baths
2,733 Sq Ft
$681/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $1,785,000 $653 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,730/month

34 Days on Market

Highlights

  • Ocean View
  • Across the Road from Lake or Ocean
  • Spanish Architecture
  • Lowell Elementary School Rated A-
  • 0.13 Acre Lot
  • No HOA

About This Home

As of December 2021

Fantastic opportunity to own a beautiful Spanish colonial revival triplex just steps away from the ocean. 17 Bennett features an awesome unit mix of (1) 3 Bed/2 Bath unit in the front with (2) 1 Bed/1 Bath units in the rear. It has 6 garage parking spaces with additional parking beside the garages for a total of 7 parking spaces - which is an extreme bonus in Belmont Shore for tenants who will greatly appreciate and stay longer for this amenity. Both rear units have their own private balcony, making it perfect for unwinding; and with COVID 19 work and learning from home, having a little private area to retreat to is a huge plus. This property is perfect for an owner user OR investor and will not last. The front unit has laundry hookups, and there is a common laundry room for the two rear units.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 10/15/2021

Co-Listed By

Caleb Baldwin

INTI Realty License #02056751

Last Buyer's Agent

Sal Saenz

Y Realty License #01409477

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,654 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Partially Fenced Property
  • Fence is in excellent condition
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Tandem Uncovered Parking

Home Design

  • Triplex
  • Spanish Architecture
  • Turnkey
  • Flat Roof Shape
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 2,733 Sq Ft Home
  • 1-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Legal Lot and Block 21 / 6
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256037017
  • $658 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $67,380
  • Net Operating Income $43,797

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Zoning: LBR4R
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7256037017
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 653.13

Exterior Features

  • Direction Faces: East
  • View: Ocean
  • Fence: Yes
  • Fencing: Excellent Condition, Partial, Wrought Iron
  • Pool Private: No
  • Roof: Flat, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Tandem Uncovered
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size: 5654
  • Lot Size Sq Ft: 5654.00
  • Lot Size Acres: 0.1298

Multi Family

  • Average1 Bed Area: 565 Square Feet
  • Average3 Bed Area: 1603 Square Feet
  • Gross Income: 67380.00
  • Gross Operating Income: 67380.00
  • Gross Scheduled Income: 67380.00
  • Lot Size Area: 5654.0000 Square Feet
  • Net Operating Income: 43797.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 5615.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5773.00
  • Tax Lot: 21
  • Tax Tract Number: 3750
  • TaxOtherAnnualAssessmentAmount: 658.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2000
Sold by
Hanna Mareta L
Bought by
Beach & Oceanaire Motel
Current Estimated Value
$1,860,480

Purchase Details

Closed on
Aug 7, 1997
Sold by
Pollman Dennis and Pollman Family Revocable Livin
Bought by
Pollman Dennis and Hanna Mareta L

Purchase Details

Closed on
Aug 28, 1995
Sold by
Pollman Dennis Key
Bought by
Pollman Dennis and The Pollman Family Revocable L

Purchase Details

Closed on
Mar 7, 1995
Sold by
Mcgreevy James P and The Ernestine G Pollman Living
Bought by
Pollman Dennis Key and Pollman James Merrill

Purchase Details

Closed on
Aug 16, 1993
Sold by
Ferrera Michael and Ferrera Linda C
Bought by
Pollman Ernestine G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Beach & Oceanaire Motel $60,000 First American Title Co
Pollman Dennis -- --
Pollman Dennis -- --
Pollman Dennis Key $370,000 --
Pollman Ernestine G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2021 12/27/21 Sold $1,785,000 0.0% $653 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/09/2021 11/09/21 Off Market $1,785,000 -- --
11/06/2021 11/06/21 For Sale $1,776,450 -0.5% $650 / Sq Ft
11/05/2021 11/05/21 Off Market $1,785,000 -- --
10/15/2021 10/15/21 For Sale $1,776,450 -- $650 / 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 $24,826 $1,894,256 $1,231,001 $663,255
2024 $23,766 $1,857,114 $1,206,864 $650,250
2023 $23,372 $1,820,700 $1,183,200 $637,500
2022 $5,830 $431,509 $220,259 $211,250
2021 $5,700 $423,049 $215,941 $207,108
2019 $5,619 $410,503 $209,537 $200,966
2018 $5,392 $402,455 $205,429 $197,026
2016 $4,953 $386,828 $197,452 $189,376
2015 $4,761 $381,019 $194,487 $186,532
2014 $4,741 $373,557 $190,678 $182,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21214061

California Regional Multiple Listing Service (CRMLS)

APN: 7256-037-017