NOT LISTED FOR SALE

Estimated Value: $1,700,000 - $2,089,392

3 Beds
3 Baths
2,538 Sq Ft
$752/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $2,000,000 $788 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,646/month

128 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Neighborhood Views
  • Fremont Elementary School Rated A
  • Spanish Architecture
  • Laundry Room

About This Home

As of July 2024

Welcome to a piece of historic charm meticulously preserved in this Spanish style Triplex built in 1928. Situated in the heart of Belmont Heights, this timeless property exudes character at every turn. The front house boasts spacious living across approximately 1600 square feet with two large-sized bedrooms and two updated bathrooms. A testament to its era, the front house maintains its original allure while seamlessly integrating modern conveniences. Step inside to discover stunning windows that flood the interiors with natural light, highlighting the attention to detail found throughout. From the remodeled kitchen to the updated bathrooms, every corner of this house reflects a blend of classic charm and contemporary comfort. Additionally, the front house has a private yard, providing a perfect space for relaxation and outdoor entertainment. Perched above the four-car garage, the two additional units offer privacy and convenience with separate alley entrances. Each unit comprises one bedroom and one bathroom, spanning just under 600 square feet. These units have been thoughtfully remodeled to showcase beautiful finishes, ensuring a harmonious living experience. Whether as additional living spaces or potential rental units, these dwellings present a myriad of possibilities. Throughout the property, meticulous maintenance is evident; with new interior and exterior paint, custom window treatments, PEX and copper plumbing, updated electrical system, and custom lighting, the property radiates with a fresh and inviting ambiance. Whether you're seeking a luxurious residence or an investment opportunity, this property stands as a true gem in its class.

Last Agent to Sell the Property

Ellen Henry

Compass Brokerage Phone: 562.458.6833 License #02000934 Listed on: 02/12/2024

Compass

Co-Listed By

Christy Di Leo

Compass Brokerage Phone: 562.458.6833 License #01797896

Last Buyer's Agent

Patty Lance

Compass License #01386734

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,966

Year Built

  • Built in 1928

Lot Details

  • 6,755 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Triplex
  • Spanish Architecture
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 19 / F
  • Tax Tract Number 5500
  • Assessor Parcel Number 7255034027
  • $671 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Belmont Heights Subdivision

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $1,209
  • Trash Expense $480
  • Water Sewer Expense $720
  • Operating Expense $4,209
  • Gross Income $150,000
  • Net Operating Income $143,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,966

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: All appliances
  • Price Per Unit: 750000
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7255034027
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 788.02
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6755.00
  • Lot Size Acres: 0.1551
  • Latitude Manual: 33.76943200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 690 Square Feet
  • Average2 Bed Area: 1550 Square Feet
  • Electric Expense: 1800.00
  • Gross Income: 150000.00
  • Gross Scheduled Income: 150000.00
  • Insurance Expense: 1209.00
  • Lot Size Area: 6755.0000 Square Feet
  • Net Operating Income: 143751.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 6249.00
  • Rent Control: No
  • Total Actual Rent: 4700.00
  • Total Expenses: 4209.00

Tax Info

  • Tax Block: F
  • Tax Census Tract: 5771.00
  • Tax Lot: 19
  • Tax Tract Number: 5500
  • TaxOtherAnnualAssessmentAmount: 671.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Jul 1, 2024
Sold by
Dennise Marquis-Nitti Trust and Marquis-Nitti Dennise
Bought by
Jeremiah J De Michaelis Exempt Trust and De Michaelis
Seller's Agent
Ellen Henry
Compass
Buyer's Agent
Patty Lance
Compass
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Views
984
Current Estimated Value
$1,907,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,152
Avg. Annual Appreciation
3.03%

Purchase Details

Closed on
Sep 29, 2021
Sold by
Marquis Bryce and Marquis Tracy
Bought by
Marquis Nitti Dennise

Purchase Details

Closed on
Sep 8, 2016
Sold by
Marquis Nitti Dennise and Marquis Bryce
Bought by
Marquis Nitti Dennise and Marquis Bryce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2016
Sold by
Tracy Marquis Nitti Dennise Fiddler and Maley Tracy O
Bought by
Marquis Nitti Dennise and Marquis Bryce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2015
Closed on
Aug 26, 2015
Sold by
Tracy Marquis Nitti Dennise Fiddler and Maley Tracy O
Bought by
Marquis Nitti Dennise Fiddler and Omaley Tracy
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
Buyer's Agent
Bryan Hill
Mint Real Estate
List Price
$1,299,000
Sold Price
$1,050,000
Premium/Discount to List
-$249,000
-19.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%

Purchase Details

Listed on
Mar 6, 2015
Closed on
Jun 15, 2015
Sold by
Lange Carol S and Gebert Linda L
Bought by
Tracy Marquis Nitti Dennise Fiddler and Maley Tracy O
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
Buyer's Agent
Bryan Hill
Mint Real Estate
List Price
$1,299,000
Sold Price
$1,050,000
Premium/Discount to List
-$249,000
-19.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Jeremiah J De Michaelis Exempt Trust $2,000,000 Ticor Title Company Of Califor
Marquis Nitti Dennise -- None Available
Marquis Nitti Dennise -- None Available
Marquis Nitti Dennise -- First American Title Company
Marquis Nitti Dennise Fiddler -- None Available
Tracy Marquis Nitti Dennise Fiddler $1,050,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marquis Bryce $746,000
Previous Owner Marquis Nitti Dennise $784,000
Previous Owner Tracy Marquis Nitti Dennise Fiddler $780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $2,000,000 -11.1% $788 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $2,250,000 -4.3% $887 / Sq Ft
03/13/2024 03/13/24 Price Changed $2,350,000 -6.0% $926 / Sq Ft
02/12/2024 02/12/24 For Sale $2,500,000 +138.1% $985 / Sq Ft
07/10/2015 07/10/15 Sold $1,050,000 -19.2% $414 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $1,299,000 -- $512 / 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 $15,966 $2,000,000 $1,200,000 $800,000
2024 $15,966 $1,238,923 $846,422 $392,501
2023 $15,785 $1,214,631 $829,826 $384,805
2022 $14,224 $1,148,325 $803,828 $344,497
2021 $13,943 $1,125,810 $788,067 $337,743
2019 $13,742 $1,092,420 $764,694 $327,726
2018 $13,495 $1,081,495 $757,047 $324,448
2016 $12,534 $1,050,000 $735,000 $315,000
2015 $1,354 $78,694 $47,915 $30,779
2014 -- $77,154 $46,977 $30,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24026002

California Regional Multiple Listing Service (CRMLS)

APN: 7255-034-027