NOT LISTED FOR SALE

Estimated Value: $1,371,000 - $1,794,842

4 Beds
2 Baths
2,024 Sq Ft
$759/Sq Ft Est. Value

Last Sold December 12, 2016

Last sale price $950,000 $469 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $9,270/month

120 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Forced Air Heating System
  • Woodrow Wilson High School Rated A

About This Home

As of December 2016

Two Houses on One Lot! Belmont Heights/Bluff Park Colonial Revival Bungalow (Front House) with 2 Bedrooms, 1.5 Bathrooms plus a Den and Formal Dining Room and wood floors throughout with fireplace in the Living Room. Sunny Kitchen with Lots of Storage, 2 Car Garage and long driveway for extra parking, and Washer / Dryer Hookups. Beautiful lush backyard leading to Second Spanish Revival House (Back House) with 2 Bedrooms (or one bedroom with den) plus 1 Bath, Classic Hardwood Floors, builtin cabinets, plus Washer / Dryer Hookups and parking Area for one Car and Storage Shed. This property is two classic Bungalows Nestled on a Beautiful street, just a few blocks to the Ocean and Bluff Park. Live in one and benefit from rent of other to reduce overhead!

Last Agent to Sell the Property

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 09/20/2016

Last Buyer's Agent

Michael Domino

Coldwell Banker Realty License #01807239

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,502 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 2,024 Sq Ft Home
  • Family Room with Fireplace
  • Wood Flooring
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 5767
  • Assessor Parcel Number 7257026026

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,970
  • Insurance Expense $900
  • Trash Expense $618
  • Water Sewer Expense $618
  • New Taxes Expense $12,487
  • Gross Income $4,345
  • Net Operating Income $505,966

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 618.00
  • Property Type: Residential Income
  • Gardener Expense: 1970.00
  • Parcel Number: 7257026026
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Price Per Square Foot: 469.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 618.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7502.00
  • Price Per Lot Square Foot: 129.83

Multi Family

  • Gross Income: 4345.00
  • Gross Scheduled Income: 52140.00
  • Insurance Expense: 900.00
  • Net Operating Income: 505966.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1043.00
  • Operating Expense Percent: 2.00
  • Rent Control: No
  • Total Actual Rent: 4345.00

Tax Info

  • New Taxes Expense: 12487.00
  • Tax Lot: 46
  • Tax Tract Number: 5767

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2020
Sold by
Ramezani Dale M and Ramezani Sam
Bought by
Ramezani Candra
Current Estimated Value
$1,536,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$458,277
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,078,684

Purchase Details

Listed on
Sep 20, 2016
Closed on
Oct 21, 2016
Sold by
Marie Oropeza Juan R and Marie Wiffson Kelly
Bought by
Ramezani Dale M and Ramezani Sam
Seller's Agent
Larry Boren
LB Brokerage, Inc
Buyer's Agent
Michael Domino
Coldwell Banker Realty
List Price
$974,000
Sold Price
$950,000
Premium/Discount to List
-$24,000
-2.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%

Purchase Details

Closed on
Oct 16, 2003
Sold by
Lucas Sharon Jo and The Sharon Jo Lucas Revocable
Bought by
Oropeza Juan R and Oropeza Kelly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2002
Sold by
Lucas Sharon Jo
Bought by
Lucas Sharon Jo and The Sharon Jo Lucas Revocable

Purchase Details

Closed on
Dec 11, 2001
Sold by
Donini Thomas F and Donini Peggy
Bought by
Lucas Sharon Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
8.62%

Purchase Details

Closed on
Aug 30, 2001
Sold by
Albert Charles E and Albert Judith F
Bought by
Donini Thomas F and Donini Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.99%

Purchase Details

Closed on
May 13, 1998
Sold by
Workman Gary M and Workman Jeanne R
Bought by
Albert Charles E and Albert Judith F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,100
Interest Rate
7.11%
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
Ramezani Candra -- Orange Coast Title Company
Ramezani Dale M $940,000 Ticor Title
Oropeza Juan R $700,000 First Southwestern Title Co
Lucas Sharon Jo -- --
Lucas Sharon Jo $500,000 --
Donini Thomas F $465,000 Commonwealth Title
Albert Charles E $319,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramezani Candra $515,000
Previous Owner Oropeza Juan R $560,000
Previous Owner Lucas Sharon Jo $374,000
Previous Owner Donini Thomas F $372,000
Previous Owner Albert Charles E $287,100
Closed Oropeza Juan R $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2016 12/12/16 Sold $950,000 -2.4% $469 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
09/20/2016 09/20/16 Price Changed $973,000 -0.1% $481 / Sq Ft
09/20/2016 09/20/16 For Sale $974,000 0.0% $481 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
08/30/2016 08/30/16 Price Changed $974,000 -2.5% $481 / Sq Ft
06/17/2016 06/17/16 For Sale $999,000 -- $494 / 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 $14,896 $1,181,637 $592,444 $589,193
2024 $14,896 $1,158,469 $580,828 $577,641
2023 $14,650 $1,135,755 $569,440 $566,315
2022 $13,745 $1,113,486 $558,275 $555,211
2021 $13,280 $1,074,959 $321,660 $753,299
2020 $13,161 $1,063,937 $318,362 $745,575
2019 $12,990 $977,976 $312,120 $665,856
2018 $11,864 $958,800 $306,000 $652,800
2016 $9,976 $840,723 $600,520 $240,203
2015 $8,691 $750,000 $535,700 $214,300
2014 $7,317 $620,000 $442,900 $177,100
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: PW16131672

California Regional Multiple Listing Service (CRMLS)

APN: 7257-026-026