NOT LISTED FOR SALE

Estimated Value: $1,532,000 - $1,766,000

4 Beds
3 Baths
2,750 Sq Ft
$614/Sq Ft Est. Value

Sale Details

Date Sold: April 18, 2014

Last sale price $850,000 $309 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $10,743 / mo

121 Days on Market

Highlights

  • No HOA
  • Turnkey
  • Fence is in excellent condition
  • Naples Bayside Academy Rated A

About This Home

As of April 2014

WOW!!! Do not miss the opportunity to buy this beautiful, middle of Belmont Shore, Tri-plex with three great units, THREE ENCLOSED GARAGES, community laundry and close to Alamitos Bay with all the great shopping, restaurants, and events in "the Shore".
Many upgrades including new high-quality carpet in upper two units, new vinyl flooring, new vanity, new kitchen in upper one bedroom, new exterior paint, small yard in front downstairs one-bedroom.
The original building was a tri-plex. The current owner converted the two upstairs units into a single large unit for his family. Gas and electric meters were reduced from 3 to 2 at that time. The building has now been converted back to a really nice tri-plex. There is one electric meter and one gas meter for the top two units so they're master metered.
The front lower unit is about average size with a small front yard. The upper front one-bedroom has great views, new carpet, great paint job, private balcony and completely new kitchen with dishwasher. The upper rear unit has two bedrooms and one bath with a large living room, open kitchen with breakfast counter. One bedroom has no closets so can be used as an office or ???

Last Agent to Sell the Property

Earl Mehl

Earl Mehl, Broker License #00613956 Listed on: 11/13/2013

Last Buyer's Agent

Elizabeth Snyder

Keller Williams Realty License #01800973

Keller Williams Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 2,413 Sq Ft Lot
  • No Common Walls
  • Fence is in excellent condition

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,750 Sq Ft Home
  • Turnkey

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 4029
  • Assessor Parcel Number 7245003002

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $34,710

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

2,413 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7245003002
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 309.09

Exterior Features

  • Fencing: Excellent Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 2413.00
  • Lot Size Acres: 0.0550

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 1000
  • Gross Scheduled Income: 53400.00
  • Lot Size Area: 2413.0000 Square Feet
  • Net Operating Income: 34710.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 2
  • Operating Expense: 18690.00
  • Operating Expense Percent: 35.00
  • Rent Control: No

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 4029
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2013
Closed on
Mar 27, 2014
Sold by
Mills James F and Mills Paula M
Bought by
Seller's Agent
Earl Mehl
Earl Mehl, Broker
Buyer's Agent
Elizabeth Snyder
Keller Williams Realty
List Price
$990,000
Sold Price
$850,000
Premium/Discount to List
-$140,000
-14.14%
Current Estimated Value
$1,747,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$897,352
Avg. Annual Appreciation
5.71%
Original Mortgage
$250,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1994
Sold by
Mills James F and Mills Paula M
Bought by
Mills James F and Mills Paula M

Purchase Details

Closed on
Mar 15, 1994
Sold by
Mills James F and Mills Paula M
Bought by
Mills James F and Mills Paula M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Belmont Shore, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 North American Title Company
Mills James F -- --
Mills James F -- Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/18/2014 04/18/14 Sold $850,000 -14.1% $309 / Sq Ft
03/14/2014 03/14/14 Pending -- -- --
11/13/2013 11/13/13 For Sale $990,000 -- $360 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,774 $1,062,812 $750,222 $312,590
2025 $13,774 $1,041,973 $735,512 $306,461
2024 $13,174 $1,021,543 $721,091 $300,452
2023 $12,956 $1,001,513 $706,952 $294,561
2022 $12,156 $981,877 $693,091 $288,786
2021 $11,915 $962,625 $679,501 $283,124
2020 $11,883 $952,755 $672,534 $280,221
2019 $11,744 $934,075 $659,348 $274,727
2018 $11,447 $915,761 $646,420 $269,341
2016 $10,520 $880,203 $621,320 $258,883
2015 $10,093 $866,983 $611,988 $254,995
2014 $1,513 $102,183 $71,375 $30,808
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13230538

California Regional Multiple Listing Service (CRMLS)

APN: 7245-003-002

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