NOT LISTED FOR SALE

Estimated Value: $1,893,000 - $2,260,000

6 Beds
4 Baths
3,804 Sq Ft
$534/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $1,505,000 $396 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,404/month

149 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Laundry Room
  • Fremont Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of August 2020

Wonderful opportunity to own a Spanish-style 4-unit income property in a prime Belmont Heights location! Over 3,800 square feet of living space situated on a 5,400 square foot lot. (2) 2 bedroom/1 bath units with approximately 1,450 square feet of living space each & (2) 1 bedroom/1 bath units. One garage and long driveway with room for 3 parking spots.

Last Agent to Sell the Property

David Kerns

Trends RE Inc. License #01491227 Listed on: 01/09/2020

Trends RE Inc.

Last Buyer's Agent

Austin Carr

Realty One Group United License #01986298

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,416 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Spanish Tile Roof

Interior Spaces

  • 3,804 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for gas, sewer, water
  • Tax Lot 13
  • Tax Tract Number 13
  • Assessor Parcel Number 7256006013

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,788
  • Water Sewer Expense $1,800
  • New Taxes Expense $21,650
  • Operating Expense $25,238
  • Gross Income $96,600
  • Net Operating Income $71,362

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Each unit: Stove & refrigerator and Unit #211 comes with washer and dryer
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR4R
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7256006013
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 395.64

Exterior Features

  • Pool Private: No
  • Roof: Spanish Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Floor Furnace, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5416.00
  • Lot Size Acres: 0.1243
  • Latitude Manual: 33.76349600

Rental Info

  • Tenant Pays: Gas, Sewer, Water

Multi Family

  • Gross Income: 96600.00
  • Gross Scheduled Income: 96600.00
  • Insurance Expense: 1788.00
  • Lot Size Area: 5416.0000 Square Feet
  • Net Operating Income: 71362.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 25238.00
  • Rent Control: No
  • Total Actual Rent: 96600.00
  • Total Expenses: 25238.00

Tax Info

  • New Taxes Expense: 21650.00
  • Tax Census Tract: 5772.00
  • Tax Lot: 13
  • Tax Tract Number: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Jul 8, 2020
Sold by
Eldridge Brent Sharum and Eldridge Carrie Jo
Bought by
Huynh John and Diep Michelle
Seller's Agent
David Kerns
Trends RE Inc.
Buyer's Agent
Austin Carr
Realty One Group United
List Price
$1,735,000
Sold Price
$1,505,000
Premium/Discount to List
-$230,000
-13.26%
Current Estimated Value
$2,031,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,626
Avg. Annual Appreciation
5.76%
Original Mortgage
$1,200,000
Outstanding Balance
$1,064,080
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$967,546

Purchase Details

Closed on
Dec 13, 2016
Sold by
Eldridge Brent Sharum and Eldridge Carrie Jo
Bought by
Eldridge Brent Sharum and Eldridge Carrie Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,018,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2005
Sold by
Angel John
Bought by
Gradis Coby J and Gradis Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,500
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 27, 2004
Sold by
Cummins James and Cummins William George
Bought by
Angel John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,600
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Huynh John $1,505,000 First American Title Company
Eldridge Brent Sharum -- None Available
Eldridge Brent Sharum -- Chicago Title
Gradis Coby J $1,135,000 North American Title Co
Angel John $905,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huynh John $1,200,000
Previous Owner Eldridge Brent Sharum $1,018,000
Previous Owner Gradis Coby J $113,500
Previous Owner Gradis Coby J $908,000
Previous Owner Angel John $567,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2020 08/11/20 Sold $1,505,000 -7.4% $396 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
03/22/2020 03/22/20 Price Changed $1,625,000 -3.8% $427 / Sq Ft
02/14/2020 02/14/20 Price Changed $1,690,000 -2.6% $444 / Sq Ft
01/09/2020 01/09/20 For Sale $1,735,000 -- $456 / 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 $20,732 $1,629,058 $974,188 $654,870
2024 $20,732 $1,597,117 $955,087 $642,030
2023 $20,386 $1,565,802 $936,360 $629,442
2022 $19,131 $1,535,100 $918,000 $617,100
2021 $18,753 $1,505,000 $900,000 $605,000
2020 $18,188 $1,446,613 $1,126,707 $319,906
2019 $17,975 $1,418,249 $1,104,615 $313,634
2018 $17,485 $1,390,441 $1,082,956 $307,485
2016 $16,080 $1,336,450 $1,040,904 $295,546
2015 $12,545 $1,060,000 $660,000 $400,000
2014 $12,697 $1,060,000 $660,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20006439

California Regional Multiple Listing Service (CRMLS)

APN: 7256-006-013