NOT LISTED FOR SALE

Estimated Value: $1,189,000 - $1,674,628

2 Beds
2 Baths
1,560 Sq Ft
$915/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $1,280,000 $821 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,138/month

8 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Quartz Countertops
  • Lowell Elementary School Rated A-
  • Spanish Architecture
  • No HOA

About This Home

As of September 2023

Welcome to 256 & 256.5 Prospect Ave. This lovely side by side duplex is in the heart of Belmont Heights located minutes from Belmont Shore, Belmont Pier, and the Pacific Ocean. Each unit has 1 bedroom and 1 bath with 780 sqft of living space. 256 is recognized as the owner’s unit renovated and updated with the following features: hardwood floors throughout, recessed lighting, newer kitchen cabinets along with Stainless Steel appliances with new fixtures, quartz countertops & backsplash tile floors from the kitchen through to the main bath, closet built-ins, nicely designed bathroom with tub shower combination, freshly painted interior and I can’t forget to mention the old school murphy bed still exists in the living room. The lot measures over 6,300 sqft offering a very open and spacious backyard, could be the perfect opportunity to add (2) two car garages off the alley with a 2 bed/2 bath home above the garages (buyer should verify with the city). The extended and gated driveway offers plenty of off-street parking. The exterior of the property has been freshly painted, new landscaping and sprinkler system. Need storage? The home also has a 150 sqft basement/cellar. Unit 256.5 has been a rental unit for many years, the tenant currently pays $1600 per month. The units are separately metered for electricity and gas. Other features of this property include newer HVAC systems for both units, copper supply lines, and newer water heater. With its excellent condition and great location in a strong coastal rental market, this offering is an outstanding turnkey opportunity with the possibility to expand and create your own environment.

Last Agent to Sell the Property

Ross Gagnon

Coldwell Banker Realty License #01402317 Listed on: 07/27/2023

Coldwell Banker Realty

Last Buyer's Agent

Kelly Hurst

Seven Gables Real Estate License #01036114

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,371

Year Built

  • Built in 1923

Lot Details

  • 6,344 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Wood Fence
  • Landscaped
  • Sprinklers on Timer
  • Back Yard

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Plantation Shutters
  • Wood Frame Window
  • Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Auto Driveway Gate
  • Driveway

Outdoor Features

  • Shed
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, sewer, telephone, trash collection
  • Legal Lot and Block 9 / 3
  • Tax Tract Number 7250
  • Assessor Parcel Number 7250006009
  • $473 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Belmont Heights Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $660
  • Water Sewer Expense $480
  • Operating Expense $1,920
  • Gross Income $19,200
  • Net Operating Income $17,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,371

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 572950
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 480.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7250006009
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Crown Molding, Open Floorplan, Quartz Counters, Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 820.51
  • Room Type: Basement
  • Window Features: Plantation Shutters, Wood Frames

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Other Structures: Shed(s)
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 6344.00
  • Lot Size Acres: 0.1456

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Sewer, Telephone, Trash Collection

Multi Family

  • Average1 Bed Area: 780 Square Feet
  • Gross Income: 19200.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 660.00
  • Lot Size Area: 6344.0000 Square Feet
  • Net Operating Income: 17280.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1920.00
  • Rent Control: Yes
  • Total Expenses: 1920.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5776.06
  • Tax Lot: 9
  • Tax Tract Number: 7250
  • TaxOtherAnnualAssessmentAmount: 473.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Aug 8, 2023
Sold by
Jeffrey P Heide Trust
Bought by
Kamiya Wanda M and Kamiya Dexter T
Seller's Agent
Ross Gagnon
Coldwell Banker Realty
Buyer's Agent
Kelly Hurst
Seven Gables Real Estate
List Price
$1,145,900
Sold Price
$1,280,000
Premium/Discount to List
$134,100
11.7%
Views
27
Current Estimated Value
$1,426,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,907
Avg. Annual Appreciation
6.67%
Original Mortgage
$800,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2020
Sold by
Heide Jeffrey P and The Jeffrey P Heide Trust
Bought by
Heide Jeffrey P and The Jeffrey P Heide Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2018
Sold by
Heide Jeffrey P
Bought by
Heide Jeffrey P and The Jeffrey P Heide Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2006
Sold by
Heide Jeffrey P
Bought by
Jeffrey P Heide Trust

Purchase Details

Closed on
Nov 10, 1998
Sold by
Prior Frank E
Bought by
Heide Jeffrey P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.69%
Source: Public Records

Range of Values:

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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
Kamiya Wanda M $1,280,000 Ticor Title Company
Heide Jeffrey P -- First American Title Ins Co
Heide Jeffrey P -- First American Title Ins Co
Jeffrey P Heide Trust -- None Available
Heide Jeffrey P $222,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kamiya Wanda M $798,000
Closed Kamiya Wanda M $800,000
Previous Owner Heide Jeffrey P $805,000
Previous Owner Heide Jeffrey P $500,000
Previous Owner Heide Jeffrey P $450,000
Previous Owner Heide Jeffrey P $75,000
Previous Owner Heide Jeffrey P $300,000
Previous Owner Heide Jeffrey P $300,000
Previous Owner Heide Jeffrey P $103,000
Previous Owner Heide Jeffrey P $51,691
Previous Owner Heide Jeffrey P $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2023 09/06/23 Sold $1,280,000 +11.7% $821 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $1,145,900 -- $735 / 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 $16,371 $1,305,600 $846,600 $459,000
2024 $16,371 $1,280,000 $830,000 $450,000
2023 $4,858 $358,388 $242,161 $116,227
2022 $4,568 $351,362 $237,413 $113,949
2021 $4,470 $344,473 $232,758 $111,715
2020 $4,457 $340,942 $230,372 $110,570
2019 $4,405 $334,257 $225,855 $108,402
2018 $4,213 $327,704 $221,427 $106,277
2016 $3,872 $314,981 $212,830 $102,151
2015 $3,719 $310,251 $209,634 $100,617
2014 $3,700 $304,175 $205,528 $98,647
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23138630

California Regional Multiple Listing Service (CRMLS)

APN: 7250-006-009