NOT LISTED FOR SALE

Estimated Value: $1,538,000 - $1,865,000

2 Beds
2 Baths
1,728 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $1,550,000 $897 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,791/month

About This Home

As of September 2021

offer was made and accepted prior to property being listed publicly...listing is for MLS stats only

Last Agent to Sell the Property

Dave Stockton

National Realty Group License #01214367 Listed on: 09/01/2021

Co-Listed By

Gina Smith

Coldwell Banker Realty License #02016403

Last Buyer's Agent

Janice Sadler

Tauler Hughes California Realty License #01359319

Tauler Hughes California Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,451

Year Built

  • Built in 1924

Lot Details

  • 2,695 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 1,728 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 25 / 27
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247005023
  • $402 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Belmont Shore Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Water Sewer Expense $6,200
  • New Taxes Expense $18,750
  • Operating Expense $32,750
  • Gross Income $64,800
  • Net Operating Income $32,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,451

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 6200.00
  • Zoning: LBR2S
  • Property Type: Residential Income
  • Parcel Number: 7247005023
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 896.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 2695.00
  • Lot Size Acres: 0.0619

Multi Family

  • Gross Income: 64800.00
  • Gross Operating Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 2695.0000 Square Feet
  • Net Operating Income: 32050.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 32750.00
  • Rent Control: Yes
  • Total Expenses: 32750.00

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Block: 27
  • Tax Census Tract: 5773.00
  • Tax Lot: 25
  • Tax Tract Number: 3885
  • TaxOtherAnnualAssessmentAmount: 402.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2015
Sold by
Scutts Ken
Bought by
Jaite Billy and Feldman Robert S
Current Estimated Value
$1,736,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Mazgajski Jan F
Bought by
Scutts Ken and The Scutts Revocable Living Trust

Purchase Details

Closed on
Apr 2, 1999
Sold by
Mcfadden William J
Bought by
Mcfadden William J and The William J Mcfadden Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jaite Billy $750,000 First American Title Company
Scutts Ken $165,000 North American Title Co
Mcfadden William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jaite Billy $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2021 09/13/21 Sold $1,550,000 +3.3% $897 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $1,500,000 +100.0% $868 / Sq Ft
09/28/2015 09/28/15 Sold $750,000 -12.8% $434 / Sq Ft View Prior Sale
08/17/2015 08/17/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $860,000 -- $498 / 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 $20,451 $1,644,872 $1,061,208 $583,664
2024 $20,451 $1,612,620 $1,040,400 $572,220
2023 $20,112 $1,581,000 $1,020,000 $561,000
2022 $18,859 $1,550,000 $1,000,000 $550,000
2021 $10,314 $832,058 $601,504 $230,554
2019 $10,167 $807,380 $583,664 $223,716
2018 $9,890 $791,550 $572,220 $219,330
2016 $9,723 $750,000 $550,000 $200,000
2015 $11,231 $971,915 $452,324 $519,591
2014 $11,144 $952,877 $443,464 $509,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21193888

California Regional Multiple Listing Service (CRMLS)

APN: 7247-005-023