NOT LISTED FOR SALE

Estimated Value: $2,086,000 - $2,394,000

6 Beds
3 Baths
3,610 Sq Ft
$604/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $1,575,000 $436 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $13,263/month

83 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Lawn
  • Lowell Elementary School Rated A-
  • Spanish Architecture
  • Neighborhood Views

About This Home

As of June 2020

Back on the Market! Fabulous Tri-plex in the heart of prime Belmont Heights! The front duplex was completely renovated with copper plumbing and all new electrical, plus double pane windows and remodeled bathrooms approximately 10 years ago. Beautiful hardwood floors in all 3 units! All units have mock Batchelder tile fireplaces, crown moldings, archways, classic glass door knobs dining rooms off the living room. Large kitchens with breakfast nooks. Individual laundry for all 3 units! The back unit atop the 3 garages also has tons of charm! With french doors and hardwood floors! Classic tile, plus a great deck of its own! The square footage is sourced by the L.A. County Tax Assessor. Buyers to satisfy themselves as the square footage. There is a spacious shared back lawn and patio. This is truly a trophy property!

Last Agent to Sell the Property

Cynthia Voss

Re/Max R. E. Specialists License #00881330 Listed on: 02/19/2020

Re/Max R. E. Specialists

Co-Listed By

Nathan Walter

Re/Max R. E. Specialists License #01955448

Last Buyer's Agent

Cynthia Voss

Re/Max R. E. Specialists License #00881330 Listed on: 02/19/2020

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,353 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Stucco Fence
  • Landscaped
  • Rectangular Lot
  • Lawn
  • Back Yard

Parking

  • 3 Car Garage

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,610 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Entryway
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 8 / 4
  • Tax Tract Number 5500
  • Assessor Parcel Number 7250013009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $2,000
  • New Taxes Expense $19,000
  • Operating Expense $21,000
  • Gross Income $76,200
  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Improvements Percent: 30.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR1N
  • Architectural Style: Mediterranean, Spanish
  • Property Type: Residential Income
  • Parcel Number: 7250013009
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 436.29
  • Room Type: All Bedrooms Down, All Bedrooms Up, Entry, Kitchen, Laundry, Main Floor Bedroom
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Stucco Wall, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 70.00
  • Lot Features: Back Yard, Landscaped, Lawn, Rectangular Lot
  • Lot Size Sq Ft: 6353.00
  • Lot Size Acres: 0.1458

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 76200.00
  • Gross Scheduled Income: 76200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6353.0000 Square Feet
  • Net Operating Income: 55200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 21000.00
  • Rent Control: Yes
  • Total Actual Rent: 6350.00
  • Total Expenses: 21000.00

Tax Info

  • New Taxes Expense: 19000.00
  • Tax Block: 4
  • Tax Census Tract: 5776.03
  • Tax Lot: 8
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Jun 18, 2020
Sold by
258 Quincy Inc
Bought by
Steinmetz Joseph Kelly and Schmidt Jeffrey D
Seller's Agent
Cynthia Voss
Re/Max R. E. Specialists
Buyer's Agent
Cynthia Voss
Re/Max R. E. Specialists
List Price
$1,599,900
Sold Price
$1,575,000
Premium/Discount to List
-$24,900
-1.56%
Current Estimated Value
$2,179,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$604,269
Avg. Annual Appreciation
6.08%
Original Mortgage
$1,181,250
Outstanding Balance
$1,044,771
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,134,498

Purchase Details

Closed on
Sep 1, 2010
Sold by
Roots Trevor J and Roots Laurie L
Bought by
258 Quincy Inc

Purchase Details

Closed on
Oct 18, 2004
Sold by
Roots Trevor J and Roots Laurie L
Bought by
Roots Trevor J and Roots Laurie L

Purchase Details

Closed on
Aug 4, 2003
Sold by
Roots Laurie Lyn
Bought by
Roots Trevor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Robert R Hovard Llc
Bought by
Roots Trevor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2003
Sold by
Mccarty Harlen and Mccarty Harlen A
Bought by
Hovard Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
5.6%

Purchase Details

Closed on
Mar 21, 2003
Sold by
Brickler Theresa M
Bought by
Brickler Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
5.6%

Purchase Details

Closed on
Mar 7, 2003
Sold by
Brickler Michael P
Bought by
Hovard Robert and Mccarty Harlen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
5.6%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Steinmetz Joseph Kelly $1,575,000 First American Title Company
258 Quincy Inc -- None Available
Roots Trevor J -- --
Roots Trevor J -- --
Roots Trevor -- Ort
Roots Trevor $939,000 Ort
Robert R Hovard Llc -- Ort
Hovard Robert R -- Ort
Brickler Michael P -- Ort
Hovard Robert $710,000 Ort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steinmetz Joseph Kelly $1,181,250
Previous Owner Roots Trevor $610,000
Previous Owner Hovard Robert $568,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $1,575,000 -1.6% $436 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $1,599,900 +1.6% $443 / Sq Ft
03/21/2020 03/21/20 Off Market $1,575,000 -- --
03/15/2020 03/15/20 Price Changed $1,599,900 -0.6% $443 / Sq Ft
03/12/2020 03/12/20 Price Changed $1,610,000 +0.6% $446 / Sq Ft
02/19/2020 02/19/20 For Sale $1,599,900 -- $443 / 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 $22,542 $1,713,656 $1,109,797 $603,859
2024 $21,580 $1,680,056 $1,088,037 $592,019
2023 $21,222 $1,647,114 $1,066,703 $580,411
2022 $19,912 $1,614,819 $1,045,788 $569,031
2021 $19,698 $1,591,316 $1,030,567 $560,749
2020 $17,615 $1,405,763 $984,034 $421,729
2019 $17,410 $1,378,200 $964,740 $413,460
2018 $16,934 $1,351,177 $945,824 $405,353
2016 $15,563 $1,298,711 $909,098 $389,613
2015 $14,933 $1,279,204 $895,443 $383,761
2014 $14,821 $1,254,147 $877,903 $376,244
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20036667

California Regional Multiple Listing Service (CRMLS)

APN: 7250-013-009