NOT LISTED FOR SALE

Estimated Value: $1,696,000 - $1,901,000

4 Beds
5 Baths
3,266 Sq Ft
$551/Sq Ft Est. Value

Last Sold May 21, 2018

Last sale price $1,250,000 $383 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $10,909/month

92 Days on Market

About This Home

As of May 2018

WOW 100K PRICE DROP!! This property appraised for $1,380,000 3 months ago! We are listed below appraised value! Great investment opportunity 4-plex in highly sought after Bluff/ Belmont heights 90803! Live in the front house and rent out the back to help pay the mortgage! 4 blocks to the beach! Just a few blocks to 2nd St. and 4th St. arts district! Great unit mix front house 2bedroom plus large bonus room currently used as 3rd bedroom/2 bath. 3 units in back consisting of 1 studio & 2-1bed/1bath. Separately metered for gas and electric. Seller pays water only for utilities, tenants pay all other utilities. 2 garages bring in additional income. All tenants are long term on month-month leases. Rents are very low with tons of upside. Long Term owner.

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 01/17/2018

Last Buyer's Agent

Brandon Caldarella

First Team Real Estate License #01270581

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,501 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,266 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5500
  • Assessor Parcel Number 7257026004

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $79,056
  • Net Operating Income $53,758

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

7,501 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR2A
  • Property Type: Residential Income
  • Parcel Number: 7257026004
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 382.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7501.00

Multi Family

  • Gross Income: 79056.00
  • Gross Scheduled Income: 79056.00
  • Net Operating Income: 53758.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25298.00
  • Rent Control: No
  • Total Actual Rent: 6588.00

Tax Info

  • Tax Census Tract: 5767.00
  • Tax Lot: 6
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2020
Sold by
Starns Wilkinson Llc
Bought by
Wilkinson Geoffrey C and Wilkinson Aubrey
Current Estimated Value
$1,799,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$751,184
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,047,851

Purchase Details

Closed on
Jul 24, 2018
Sold by
Starns Sandra L and Wilkinson Geoffrey C
Bought by
Starns Wilkinson Llc

Purchase Details

Listed on
Jan 17, 2018
Closed on
Apr 17, 2018
Sold by
Wilkinson Aubrey
Bought by
Wilkinson Geoffrey C
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Brandon Caldarella
First Team Real Estate
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%
Original Mortgage
$871,450
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2007
Sold by
Campos Betty A
Bought by
Campos Betty A and The Betty Campos Family Trust

Purchase Details

Closed on
Feb 26, 2007
Sold by
Campos Ronald G and Campos Olivia P
Bought by
Campos Ronald G and Campos Olivia P

Purchase Details

Closed on
Nov 6, 2006
Sold by
Campos Beverly and The Beverly Campos Trust
Bought by
Campos Ronald G and Campos Olivia P

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
8.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 3, 2005
Sold by
Campos Ronald and Campos Olivia
Bought by
Campos Ronald G and Campos Olivia P

Purchase Details

Closed on
Jul 22, 2005
Sold by
Campos Betty
Bought by
Campos Betty A and The Betty Campos Family Trust

Purchase Details

Closed on
Jun 9, 2005
Sold by
Campos Beverly
Bought by
Campos Beverly and The Beverly Campos Trust

Purchase Details

Closed on
Aug 4, 2004
Sold by
Rampey Dana
Bought by
Rampey Christopher

Purchase Details

Closed on
May 19, 2004
Sold by
Rampey Christopher
Bought by
Campos Ronald and Campos Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,400
Interest Rate
4.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2003
Sold by
Evans David A and Evans Teena R
Bought by
Rampey Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,875
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 1998
Sold by
Evans David A and Evans Teena R
Bought by
Evans David A and Evans Teena R

Purchase Details

Closed on
Sep 25, 1998
Sold by
Evans David A and Evans Teena R
Bought by
Evans David A and Evans Teena R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.88%

Purchase Details

Closed on
Jul 14, 1998
Sold by
Evans David A and Evans Teena R
Bought by
Evans David A and Evans Teena R

Purchase Details

Closed on
Jun 21, 1994
Sold by
Boyd Oswald Coles and Boyd Daniel Oce
Bought by
Evans David A and Evans Teena R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.51%
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

Date Buyer Sale Price Title Company
Wilkinson Geoffrey C -- Ticor Ttl Orange Cnty Branch
Starns Wilkinson Llc -- None Available
Wilkinson Geoffrey C -- North American Title Company
Starns Sandra L $1,250,000 North American Title Company
Campos Ronald G -- North American Title Company
Campos Ronald G -- North American Title Company
Campos Betty A -- None Available
Campos Ronald G -- None Available
Campos Ronald G -- None Available
Campos Ronald G -- Investors Title Company
Campos Ronald G -- --
Campos Betty A -- --
Campos Beverly -- --
Rampey Christopher -- Chicago Title Company
Campos Ronald $938,000 Chicago Title Company
Rampey Christopher $617,500 --
Evans David A -- --
Evans David A -- Fidelity National Title Co
Evans David A -- --
Evans David A $240,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilkinson Geoffrey C $850,000
Previous Owner Starns Sandra L $871,450
Previous Owner Campos Ronald G $805,000
Previous Owner Campos Ronald $750,400
Previous Owner Rampey Christopher $524,875
Previous Owner Evans David A $192,000
Previous Owner Evans David A $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2018 05/21/18 Sold $1,250,000 -3.8% $383 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $1,300,000 0.0% $398 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
02/16/2018 02/16/18 Price Changed $1,300,000 -7.1% $398 / Sq Ft
01/17/2018 01/17/18 For Sale $1,400,000 -- $429 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,577 $1,450,169 $892,413 $557,756
2024 $18,577 $1,421,735 $874,915 $546,820
2023 $18,266 $1,393,859 $857,760 $536,099
2022 $17,147 $1,366,530 $840,942 $525,588
2021 $16,808 $1,339,736 $824,453 $515,283
2020 $16,765 $1,326,260 $816,000 $510,260
2019 $16,267 $1,275,260 $765,000 $510,260
2018 $13,897 $1,094,290 $661,702 $432,588
2016 $12,784 $1,051,549 $636,008 $415,541
2015 $12,271 $1,035,755 $626,455 $409,300
2014 $12,190 $1,015,467 $614,184 $401,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18008810

California Regional Multiple Listing Service (CRMLS)

APN: 7257-026-004

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