NOT LISTED FOR SALE

Estimated Value: $1,578,000 - $2,063,447

6 Beds
3 Baths
3,174 Sq Ft
$572/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2020

Last sale price $1,550,000 $488 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $11,644 / mo

6 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Balcony
  • Woodrow Wilson High School Rated A
  • No HOA
  • Wood Frame Window

About This Home

As of November 2020

Beautiful historic Spanish style Triplex in Belmont Heights. This property has been meticulously renovated and maintained. Property consists of a 3 bed/ 1 ba, 2 bed/ 1ba and 1 bed/ 1 ba. All units have refinished original hardwood floors, original built-ins and classic touches through out. Two of the units have balconies, fireplaces and window AC units. Each unit has ceiling fans, indoor laundry and garages. The 3 bedroom has a 2 car garage and the other 2 units have their own garages along with additional parking for 3 cars. Drive by and you will see just how beautifully maintained every inch of this property is. From the newer roof, beautiful stained glass windows, prestine wood decks, all the way down to the patio and yard. All 3 units are currently rented with tenants on month to month rental agreements. This is an ideal turn key investment property and also perfect to live in one unit and rent out the rest. Located walking distance to the beach, grocery stores, retro- row and cafes.

Last Agent to Sell the Property

Spencer Snyder

The Agency License #01912506 Listed on: 09/11/2020

The Agency

Co-Listed By

Julie Jimenez

The Agency License #01983835

Last Buyer's Agent

Joseph Cordi

Coldwell Banker Realty License #01947528

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 4,991 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Brick Fence
  • Stucco Fence
  • Landscaped
  • Sprinkler System
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Parking Lot

Home Design

  • Spanish Architecture
  • Patio Home
  • Property Attached
  • Turnkey
  • Stucco

Interior Spaces

  • 3,174 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Stained Glass
  • Wood Frame Window
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Free-Standing Range
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • No Interior Steps
  • Balcony

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Legal Lot and Block 48 / U
  • Tax Tract Number 5767
  • Assessor Parcel Number 7257028024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,600
  • Operating Expense $14,500
  • Net Operating Income $64,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1921 | Remodeled

Lot Details

4,991 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2A
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7257028024
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 488.34
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Blinds, Double Pane Windows, Stained Glass, Wood Frames

Exterior Features

  • Fence: Yes
  • Fencing: Brick, Stucco Wall
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Garage Door Opener, Parking Space
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Landscaped, Patio Home, Sprinkler System
  • Lot Size Sq Ft: 4991.00
  • Lot Size Acres: 0.1146

Rental Info

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

Multi Family

  • Average1 Bed Area: 900 Square Feet
  • Average2 Bed Area: 1067 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 4991.0000 Square Feet
  • Net Operating Income: 64700.00
  • 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 Disposal: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14500.00
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 14500.00

Tax Info

  • New Taxes Expense: 9600.00
  • Tax Block: U
  • Tax Census Tract: 5767.00
  • Tax Lot: 48
  • Tax Tract Number: 5767.0

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Sep 27, 2020
Sold by
Bought by
Seller's Agent
Spencer Snyder
The Agency
Buyer's Agent
Joseph Cordi
Coldwell Banker Realty
List Price
$1,595,000
Sold Price
$1,550,000
Premium/Discount to List
-$45,000
-2.82%
Current Estimated Value
$1,816,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,862
Avg. Annual Appreciation
2.89%
Original Mortgage
$600,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2015
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.06%

Purchase Details

Closed on
Dec 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.06%

Purchase Details

Closed on
Jan 27, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.73%

Purchase Details

Closed on
Jan 2, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
6.95%

Purchase Details

Closed on
Dec 1, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
6.95%
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
$1,550,000 Ticor Title
-- None Available
$590,000 Chicago Title Co
-- Chicago Title Co
-- North American Title Co
$259,500 Gateway Title Company
$138,000 Gateway Title
-- Gateway Title
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 $600,000
Previous Owner $472,000
Previous Owner $240,000
Previous Owner $207,200
Closed $25,900
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
11/02/2020 11/02/20 Sold $1,550,000 -2.8% $488 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $1,595,000 -- $503 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax 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.

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 $22,082 $1,677,767 $1,028,309 $649,458
2024 $21,129 $1,644,871 $1,008,147 $636,724
2023 $20,779 $1,612,620 $988,380 $624,240
2022 $19,494 $1,581,000 $969,000 $612,000
2021 $19,115 $1,550,000 $950,000 $600,000
2020 $10,029 $781,333 $297,963 $483,370
2019 $9,913 $766,014 $292,121 $473,893
2018 $9,613 $750,995 $286,394 $464,601
2016 $8,834 $721,835 $275,274 $446,561
2015 $8,482 $710,994 $271,140 $439,854
2014 $8,427 $697,067 $265,829 $431,238
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20183049

California Regional Multiple Listing Service (CRMLS)

APN: 7257-028-024

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