NOT LISTED FOR SALE

Estimated Value: $1,548,607 - $1,862,000

4 Beds
3 Baths
2,740 Sq Ft
$610/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $1,394,000 $509 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $10,400/month

6 Days on Market

Highlights

  • Property is near a park
  • Mediterranean Architecture
  • No HOA
  • Fremont Elementary School Rated A
  • Lawn
  • Neighborhood Views

About This Home

As of August 2021

Stunning Mediterranean Triplex. Excellent location, property in close proximity to shopping, restaurants and recreational activity. Just 3 block from the water. Two large 2 Bedroom, 1 Bath units with dining room, living room, breakfast nook, den/office space & laundry area and a great Single over two garages. Ample windows for ocean breezes and lots of natural light! Beautiful kitchens with granite counters and custom cabinetry. Crown molding, tray ceilings and updated baths. All 3 Units have their own gas and electrical meters. Two single car garages. Large shared patio. Small deck at the top of back stairs. Great Income Property. Please do not disturb tenants!

Last Agent to Sell the Property

Ginette Skelton

Coldwell Banker Realty License #01795366 Listed on: 06/23/2021

Coldwell Banker Realty

Last Buyer's Agent

Monica Esquivel

West Shores Realty, Inc. License #01715564

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,994 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Mediterranean Architecture
  • Partial Copper Plumbing

Interior Spaces

  • 2,740 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 19 / E
  • Tax Tract Number 5772
  • Assessor Parcel Number 7255009025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,686
  • Trash Expense $1,297
  • Water Sewer Expense $968
  • Operating Expense $19,350
  • Gross Income $64,500
  • Net Operating Income $45,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.25
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 968.00
  • Zoning: LBCNP
  • Architectural Style: Mediterranean
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7255009025
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 508.76

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1297.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 2994.00
  • Lot Size Acres: 0.0687

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 64500.00
  • Gross Multiplier: 21.00
  • Gross Scheduled Income: 64500.00
  • Insurance Expense: 1686.00
  • Lot Size Area: 2994.0000 Square Feet
  • Net Operating Income: 45150.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Refrigerator: 3
  • Operating Expense: 19350.00
  • Other Expense Description: Estimate
  • Rent Control: No
  • Total Actual Rent: 5375.00
  • Total Expenses: 19350.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 5772.00
  • Tax Lot: 19
  • Tax Tract Number: 5772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2012
Closed on
Jun 22, 2012
Sold by
Cohen Art and Kee Shary
Bought by
Cohen Arthur D and Kee Sharon P
Seller's Agent
Michael Wilson
Michael H. Wilson, Broker
Buyer's Agent
Frank Colonna
Colonna & Co., Realty
List Price
$860,000
Sold Price
$845,000
Premium/Discount to List
-$15,000
-1.74%
Current Estimated Value
$1,670,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$825,902
Avg. Annual Appreciation
5.20%
Original Mortgage
$400,000
Outstanding Balance
$275,051
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$1,395,851

Purchase Details

Listed on
Apr 30, 2012
Closed on
Jun 21, 2012
Sold by
Wilson Michael H and Wilson Stephanie K
Bought by
Cohen Art and Kee Shary
Seller's Agent
Michael Wilson
Michael H. Wilson, Broker
Buyer's Agent
Frank Colonna
Colonna & Co., Realty
List Price
$860,000
Sold Price
$845,000
Premium/Discount to List
-$15,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$275,051
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$1,395,851

Purchase Details

Closed on
Nov 19, 2004
Sold by
Wilson Michael H and Wilson Stephanie K
Bought by
Wilson Michael H and Wilson Stephanie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2004
Sold by
Hart Koneta J
Bought by
Wilson Michael H and Wilson Stephanie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2003
Sold by
King Jerry Curtis
Bought by
Hart Koneta J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Interest Rate
4.25%

Purchase Details

Closed on
Feb 26, 1999
Sold by
Minor Doris J
Bought by
Minor Doris J and Minor Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
6.75%

Purchase Details

Closed on
Feb 16, 1999
Sold by
Minor Doris J and Minor Living Trust
Bought by
King Jerry Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
6.75%
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
Cohen Arthur D -- Accommodation
Cohen Art $845,000 Chicago Title
Wilson Michael H -- --
Wilson Michael H $1,000,000 Natc
Hart Koneta J $685,000 First Southwestern Title Co
Minor Doris J -- North American Title
King Jerry Curtis $225,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Art $400,000
Previous Owner Wilson Michael H $750,000
Previous Owner Hart Koneta J $479,500
Previous Owner King Jerry Curtis $213,750
Closed Hart Koneta J $137,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2021 08/05/21 Sold $1,394,000 0.0% $509 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $1,394,000 0.0% $509 / Sq Ft
06/29/2021 06/29/21 Off Market $1,394,000 -- --
06/23/2021 06/23/21 For Sale $1,394,000 +65.0% $509 / Sq Ft
06/28/2012 06/28/12 Sold $845,000 -1.7% $333 / Sq Ft View Prior Sale
05/02/2012 05/02/12 Pending -- -- --
04/30/2012 04/30/12 For Sale $860,000 -- $339 / 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 $19,432 $1,479,323 $960,393 $518,930
2024 $18,590 $1,450,317 $941,562 $508,755
2023 $18,279 $1,421,880 $923,100 $498,780
2022 $17,144 $1,394,000 $905,000 $489,000
2021 $12,212 $980,534 $684,635 $295,899
2020 $12,180 $970,480 $677,615 $292,865
2019 $12,037 $951,452 $664,329 $287,123
2018 $11,754 $932,797 $651,303 $281,494
2016 $10,811 $896,577 $626,013 $270,564
2015 $10,374 $883,110 $616,610 $266,500
2014 $10,301 $865,812 $604,532 $261,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21133114

California Regional Multiple Listing Service (CRMLS)

APN: 7255-009-025