NOT LISTED FOR SALE

Estimated Value: $1,647,000 - $1,986,000

4 Beds
4 Baths
2,876 Sq Ft
$646/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2019

Last sale price $1,334,000 $464 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $11,687 / mo

57 Days on Market

Highlights

  • Laundry Room
  • Lowell Elementary School Rated A-
  • Level Lot

About This Home

As of January 2019

Location!!! Location!!! Trophy Property!!! Hard to come by Four Unit Building in Irreplaceable Belmont Shore Location. Built in 1964 this Fourplex Boasts (4) 1-Car Garages Plus (2) Parking Spaces, most properties in this area have one or two garages at the most. Every tenant gets a 1-Car Garage, plus two tenants get an additional parking space. There's on onsite coin operated laundry for the tenants convenience. Two of the units have been upgraded with new kitchen cabinets and granite countertops. The other (2) units will have new paint, new blinds and new 30 year water proof laminate floors. There's easy roof access through the stairwell with potential for new owner to create two roof top decks with amazing city views.

Last Agent to Sell the Property

Lilia Lopez

Realty One Group Homelink License #01242376 Listed on: 10/16/2018

Realty One Group Homelink

Last Buyer's Agent

Richard Gaylord

Re/Max R. E. Specialists License #00680197

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 2,394 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 2,876 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 7249018012

Community Details

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,600
  • Trash Expense $300
  • Water Sewer Expense $720
  • New Taxes Expense $1,369
  • Operating Expense $4,589
  • Gross Income $76,560
  • Net Operating Income $53,592

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

2,394 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 720.00
  • Zoning: LBR2S
  • Property Type: Residential Income
  • Parcel Number: 7249018012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 463.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2394.00
  • Lot Size Acres: 0.0550

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 76560.00
  • Gross Scheduled Income: 76560.00
  • Insurance Expense: 1600.00
  • Laundry Income: 1200.00
  • Lot Size Area: 2394.0000 Square Feet
  • Net Operating Income: 53592.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22968.00
  • Rent Control: No
  • Total Expenses: 4589.00

Tax Info

  • New Taxes Expense: 1369.00
  • Tax Census Tract: 5774.00
  • Tax Lot: 0000
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2020
Sold by
Working Raymond
Bought by
Working Phillip and Working Meifang
Current Estimated Value
$1,858,580

Purchase Details

Listed on
Oct 16, 2018
Closed on
Jan 3, 2019
Sold by
Prior Frank E
Bought by
Working Raymond and Working Mary Lou
Seller's Agent
Lilia Lopez
Realty One Group Homelink
Buyer's Agent
Richard Gaylord
Re/Max R. E. Specialists
List Price
$1,369,000
Sold Price
$1,334,000
Premium/Discount to List
-$35,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Original Mortgage
$584,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2018
Sold by
Watson Joanne A
Bought by
Prior Frank E

Purchase Details

Closed on
May 6, 2008
Sold by
Watson Joanne A
Bought by
Watson Joanne A and The Joanne A Watson Trust

Purchase Details

Closed on
Feb 25, 2008
Sold by
Ctvrtlik Jeffrey Mark and Ctvrtlik Joyce Ann Vanzant
Bought by
Watson Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2008
Sold by
Ctvrtlik Jeffrey
Bought by
Ctvrtlik Jeffrey Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2006
Sold by
Ctvrtlik Joyce
Bought by
Ctvrtlik Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2006
Sold by
Meyer Charles Don and Meyer Joan Ellen
Bought by
Ctvrtlik Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2005
Sold by
Meyer C Don and The Meyer Family Trust
Bought by
Meyer Charles Don

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
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

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
Working Phillip -- None Available
Working Raymond $1,334,000 Orange Coast Title Co
Prior Frank E $1,130,000 Orange Coast Title Company
Watson Joanne A -- None Available
Watson Joanne $1,050,000 Fidelity National Title Co
Ctvrtlik Jeffrey Mark -- None Available
Ctvrtlik Jeffrey -- Fidelity National Title Co
Ctvrtlik Jeffrey -- Fidelity National Title Co
Meyer Charles Don -- --
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
Previous Owner Working Raymond $584,000
Previous Owner Watson Joanne $787,500
Previous Owner Ctvrtlik Jeffrey $1,035,000
Previous Owner Ctvrtlik Jeffrey $1,035,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2019 01/22/19 Sold $1,334,000 -2.6% $464 / Sq Ft
10/16/2018 10/16/18 For Sale $1,369,000 -- $476 / Sq Ft
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 $19,532 $1,474,152 $557,756 $916,396
2024 $18,698 $1,445,248 $546,820 $898,428
2023 $18,383 $1,416,911 $536,099 $880,812
2022 $17,246 $1,389,130 $525,588 $863,542
2021 $16,906 $1,361,893 $515,283 $846,610
2020 $16,862 $1,348,230 $510,000 $838,230
2019 $16,404 $1,300,300 $1,000,000 $300,300
2018 $15,254 $1,212,420 $865,802 $346,618
2016 $14,034 $1,165,054 $832,183 $332,871
2015 $13,466 $1,147,554 $819,683 $327,871
2014 $13,371 $1,125,076 $803,627 $321,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18251313

California Regional Multiple Listing Service (CRMLS)

APN: 7249-018-012

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