NOT LISTED FOR SALE

Estimated Value: $1,394,000 - $1,577,000

4 Beds
4 Baths
2,346 Sq Ft
$649/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $1,200,000 $512 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,375/month

71 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bungalow
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of October 2020

Great Location is historic Rose Park. Fantastic Triplex consists of a Single Family Home in front plus two units above 4 garages. Large front house with 2 bedrooms and a den. Charming vintage style 1920's with hardwood floors and updated Kitchen. Both one bedroom units have undergone massive upgrades. One unit maintains more of the vintage charm, while the other was totally gutted. Both have refinished hardwood floors, charming builit-ins and ceiling fans. One unit has completely new kitchen and bathroom. New windows on back units. Property has parking for 4 cars plus 4 garages. Laundry room with machines go with property and produce additional income. 3 minute walk to trendy Retro Row, and just a few short blocks to the Pacific Ocean.

Last Agent to Sell the Property

Natasha Schultheis

Coldwell Banker Realty License #01277420 Listed on: 06/16/2020

Coldwell Banker Realty

Last Buyer's Agent

Renzo Del Castillo

Earn Services License #02048505

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,751 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Bungalow

Interior Spaces

  • 2,346 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 18 / D
  • Tax Tract Number 18
  • Assessor Parcel Number 7257008020

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $16
  • Insurance Expense $1,597
  • Professional Management Expense $900
  • Water Sewer Expense $719
  • New Taxes Expense $15,362
  • Operating Expense $3,231
  • Gross Income $74,169
  • Net Operating Income $74,169

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 900.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 718.65
  • Zoning: LBR3T
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7257008020
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 511.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 1350 Square Feet
  • Electric Expense: 15.65
  • Garage Income: 500.00
  • Gross Income: 74169.00
  • Gross Scheduled Income: 77400.00
  • Insurance Expense: 1597.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 30.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 74169.00
  • Number Of Rented Garages: 3
  • 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
  • Operating Expense: 3231.00
  • Rent Control: Yes
  • Total Actual Rent: 6420.00
  • Total Expenses: 3231.00

Tax Info

  • New Taxes Expense: 15362.00
  • Tax Block: D
  • Tax Census Tract: 5768.02
  • Tax Lot: 18
  • Tax Tract Number: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Aug 31, 2020
Sold by
Eddy Peter J and Eddy Bonnie L
Bought by
Zainy Muhannad and Mejia Maria Elena
Seller's Agent
Natasha Schultheis
Coldwell Banker Realty
Buyer's Agent
Renzo Del Castillo
Earn Services
List Price
$1,229,000
Sold Price
$1,200,000
Premium/Discount to List
-$29,000
-2.36%
Current Estimated Value
$1,521,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,854
Avg. Annual Appreciation
4.67%
Original Mortgage
$1,178,265
Outstanding Balance
$1,045,632
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$476,222

Purchase Details

Listed on
Feb 7, 2019
Closed on
Mar 7, 2019
Sold by
Saunders Robert D
Bought by
The Eedy Jointly Held Trust and Peter J Eddy & Bonnie L Eddy Rev Declara
Seller's Agent
Barry Knight
BMK Properties
Buyer's Agent
Natasha Schultheis
Coldwell Banker Realty
List Price
$1,100,000
Sold Price
$1,075,000
Premium/Discount to List
-$25,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$738,100
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2013
Closed on
Sep 9, 2013
Sold by
Kaiser Siri Melanie and The John H W Kaiser 2013 Trust
Bought by
Saunders Robert D
Seller's Agent
Kathleen Spurlock
Coldwell Banker Realty
Buyer's Agent
Barry Knight
BMK Properties
List Price
$699,000
Sold Price
$645,000
Premium/Discount to List
-$54,000
-7.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$483,750
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2013
Closed on
Sep 5, 2013
Sold by
Luizzi Jodi A
Bought by
Saunders Robert D
Seller's Agent
Kathleen Spurlock
Coldwell Banker Realty
Buyer's Agent
Barry Knight
BMK Properties
List Price
$699,000
Sold Price
$645,000
Premium/Discount to List
-$54,000
-7.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2013
Sold by
Kaiser John
Bought by
Kaiser John and John H W Kaiser 2013 Trust

Purchase Details

Closed on
May 25, 2007
Sold by
Kaiser Karin
Bought by
Kaiser John

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
Interest Rate
6.12%
Mortgage Type
New Conventional
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
Zainy Muhannad $1,200,000 First American Title Company
The Eedy Jointly Held Trust $1,075,000 Lawyers Title
Saunders Robert D $645,000 Ticor Title Company
Saunders Robert D -- Ticor Title Company
Kaiser John -- None Available
Kaiser John -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zainy Muhannad $1,178,265
Previous Owner The Eedy Jointly Held Trust $738,100
Previous Owner Saunders Robert D $483,750
Previous Owner Kaiser John $515,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2020 10/07/20 Sold $1,200,000 -2.4% $512 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $1,229,000 +14.3% $524 / Sq Ft
04/15/2019 04/15/19 Sold $1,075,000 -2.3% $458 / Sq Ft View Prior Sale
02/22/2019 02/22/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $1,100,000 +70.5% $469 / Sq Ft
09/24/2013 09/24/13 Sold $645,000 -7.7% $275 / Sq Ft View Prior Sale
08/23/2013 08/23/13 Pending -- -- --
08/07/2013 08/07/13 For Sale $699,000 -- $298 / 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 $16,519 $1,298,917 $974,188 $324,729
2024 $16,519 $1,273,449 $955,087 $318,362
2023 $16,244 $1,248,480 $936,360 $312,120
2022 $15,246 $1,224,000 $918,000 $306,000
2021 $14,950 $1,200,000 $900,000 $300,000
2020 $13,817 $1,096,500 $714,000 $382,500
2019 $9,225 $708,797 $439,564 $269,233
2018 $8,901 $694,900 $430,946 $263,954
2016 $8,189 $667,918 $414,213 $253,705
2015 $7,862 $657,887 $407,992 $249,895
2014 $7,814 $645,000 $400,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20116453

California Regional Multiple Listing Service (CRMLS)

APN: 7257-008-020