NOT LISTED FOR SALE
14 Beds
10 Baths
8,888 Sq Ft
6,501 Sq Ft Lot

Sale Details

Date Sold: February 14, 2017

Last sale price $2,730,000 $307 Per Sq Ft

11 Days on Market

Highlights

  • Dual Staircase
  • No HOA
  • Carpet
  • Wilson High School Rated A
  • Laundry Facilities
  • Radiant Heating System

About This Home

As of February 2017

Well taken care of clean low maintenance 12 unit building plus one unpermitted unit in a great Belmont Heights location. Some units have upgraded windows, easy care laminate flooring in most units, some have granite kitchen counters and some have newer bathroom vanities. Each unit has a private garage making them easy to rent. Bedroom windows face toward the ocean and have great ocean breezes. Short walk to the Beach and the shops and restaurants on Broadway. Building is located on a quiet three block street. Rents may be below market. This 12 plus one unpermitted unit building with 9 one bedroom & four two bedrooms. May be a possibility to convert it to condos.

Last Agent to Sell the Property

Carleton Carlson

Re/Max R. E. Specialists License #00908802 Listed on: 01/12/2017

Re/Max R. E. Specialists

Last Buyer's Agent

Carleton Carlson

Re/Max R. E. Specialists License #00908802 Listed on: 01/12/2017

Re/Max R. E. Specialists
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 13 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 8,888 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Utilities

  • Radiant Heating System
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 17
  • Assessor Parcel Number 7257024029

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $168,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,501 Sq Ft Lot

Parking

13

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR2A
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7257024029
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet
  • Levels: Three Or More
  • Price Per Square Foot: 307.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6501.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 168720.00
  • Gross Scheduled Income: 168720.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1000.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Rent Control: No
  • Total Actual Rent: 168720.00

Tax Info

  • Tax Census Tract: 5768.02
  • Tax Lot: 17

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
Jan 12, 2017
Closed on
Jan 25, 2017
Sold by
Gleason Kevin M
Bought by
Seller's Agent
Carleton Carlson
Re/Max R. E. Specialists
Buyer's Agent
Carleton Carlson
Re/Max R. E. Specialists
List Price
$2,225,000
Sold Price
$2,730,000
Premium/Discount to List
$505,000
22.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2010
Sold by
Hunter Tacy A
Bought by
Gleason Kevin M and Hunter Tacy A

Purchase Details

Closed on
Aug 17, 1994
Sold by
Munson Helen F
Bought by
Munson Helen F and 1994 A & H Munson Family Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,730,000 Fidelity National Title Co
Gleason Kevin M -- None Available
Munson Helen F -- --
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
Open $2,620,000
Closed Two Scoops Llc $2,047,500
Closed Two Scoops Llc $1,100,000
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
02/14/2017 02/14/17 Sold $2,730,000 +22.7% $307 / Sq Ft
01/24/2017 01/24/17 For Sale $2,225,000 -18.5% $250 / Sq Ft
01/15/2017 01/15/17 Off Market $2,730,000 -- --
01/14/2017 01/14/17 For Sale $2,225,000 -18.5% $250 / Sq Ft
01/13/2017 01/13/17 Off Market $2,730,000 -- --
01/12/2017 01/12/17 For Sale $2,225,000 -- $250 / 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
2026 $42,690 $3,231,761 $1,183,795 $2,047,966
2025 $42,690 $3,168,394 $1,160,584 $2,007,810
2024 $40,818 $3,106,270 $1,137,828 $1,968,442
2023 $40,122 $3,045,364 $1,115,518 $1,929,846
2022 $37,656 $2,985,652 $1,093,646 $1,892,006
2021 $36,886 $2,927,110 $1,072,202 $1,854,908
2019 $36,357 $2,841,392 $1,040,400 $1,800,992
2018 $35,474 $2,785,700 $1,020,000 $1,765,700
2017 $6,262 $363,237 $52,582 $310,655
2016 $5,798 $356,115 $51,551 $304,564
2015 $5,605 $350,767 $50,777 $299,990
2014 $5,635 $343,897 $49,783 $294,114
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17007368

California Regional Multiple Listing Service (CRMLS)
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