NOT LISTED FOR SALE

Estimated Value: $1,267,000 - $1,637,509

4 Beds
2 Baths
2,030 Sq Ft
$699/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $1,100,000 $542 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,678/month

15 Days on Market

Highlights

  • Corner Lot
  • Lawn
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Park
  • Landscaped

About This Home

As of September 2020

You've been wanting to live in the Belmont Heights community for so long, but you haven't seen the right home. Here it is...but it's actually 2-homes on 1-Lot. Come view this wonderful property that features TWO California Bungalows with original classic features of lazy front porches, and their tapered columns, protruding roof rafters, hardwood floors inside, wide open floor-plans between Living Room and Dining room, and built-in Hutches. Besides the open spaces of Living Room and Dining Room, these 2 homes each offer 2-Bedrooms, and a large bath, each home has their own laundry hookups, they are separately metered for gas and electricity, each one has it's own private side yard, and have a 3-car garage in between them. These homes are bright and cheery and custom made for this sunny coastal community of Belmont Heights, with just a stroll to sand and beach, shopping at Belmont Shores, coffee houses, and entertainment. Live in one home and rent out the other. This is it...you're home!

Last Agent to Sell the Property

Jules Ayora

Seven Gables Real Estate License #01274567 Listed on: 06/20/2020

Seven Gables Real Estate

Co-Listed By

Nicole Wright

Seven Gables Real Estate License #01815895

Last Buyer's Agent

Edgar Cortez

M C Funding Inc. License #01270740

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 7,426 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Front Yard Sprinklers
  • Lawn
  • Garden

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • 2,030 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 23 / 6
  • Assessor Parcel Number 7257018023

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Belmont Heights Subdivision

Recreation

  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $63,000
  • Net Operating Income $63,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7257018023
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 541.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Garage, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Park, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot, Front Yard, Garden, Landscaped, Lawn, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 7426.00
  • Lot Size Acres: 0.1705

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 63000.00
  • Gross Scheduled Income: 63000.00
  • Lot Size Area: 7426.0000 Square Feet
  • Net Operating Income: 63000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5771.00
  • Tax Lot: 23

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2020
Closed on
Jul 9, 2020
Sold by
Streem Holly Lou and The Holly Lou Streem Revocable
Bought by
Ramos Daniel
Seller's Agent
Jules Ayora
Seven Gables Real Estate
Buyer's Agent
Edgar Cortez
M C Funding Inc.
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%
Current Estimated Value
$1,419,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,127
Avg. Annual Appreciation
4.91%
Original Mortgage
$880,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2017
Sold by
Shearer James C
Bought by
Streern Holly Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2017
Sold by
Streem Holly Lou
Bought by
Streem Holly Lou and The Holly Lou Streem Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2003
Sold by
Streem Holly Lou and Connelly Holly Lou
Bought by
Streem Holly Lou and The Holly Lou Streem Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.78%

Purchase Details

Closed on
Jan 16, 2002
Sold by
Streem Holly Lou
Bought by
Liv Streem Holly Lou and Liv Holly Lou Streem Revocable

Purchase Details

Closed on
Apr 12, 2001
Sold by
Connelly Brian B
Bought by
Streem Holly Lou

Purchase Details

Closed on
Aug 28, 1995
Sold by
Connelly Brian B
Bought by
Connelly Brian B and Connelly Holly Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
7.71%

Purchase Details

Closed on
Jun 30, 1995
Sold by
Pepperdine University
Bought by
Connelly Brian B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
7.71%

Purchase Details

Closed on
May 31, 1995
Sold by
Leake Earl J and Leake Margart J
Bought by
Pepperdine University

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
7.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ramos Daniel $1,100,000 First American Title Company
Streern Holly Lou -- First American Title Co Resi
Streem Holly Lou -- Accommodation
Streem Holly Lou -- First American Title Company
Streem Holly Lou -- North American Title Co
Liv Streem Holly Lou -- --
Streem Holly Lou -- Continental Title
Connelly Brian B -- --
Connelly Brian B $235,000 North American Title Co
Pepperdine University -- Continental Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Daniel $880,000
Previous Owner Streem Holly Lou $668,000
Previous Owner Streem Holly Lou $375,000
Previous Owner Connelly Brian B $211,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $1,100,000 -7.9% $542 / Sq Ft
08/17/2020 08/17/20 For Sale $1,195,000 0.0% $589 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/20/2020 06/20/20 For Sale $1,195,000 +8.6% $589 / Sq Ft
06/20/2020 06/20/20 Off Market $1,100,000 -- --
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 $14,901 $1,190,674 $773,938 $416,736
2024 $14,901 $1,167,328 $758,763 $408,565
2023 $14,653 $1,144,440 $743,886 $400,554
2022 $13,745 $1,122,000 $729,300 $392,700
2021 $13,479 $1,100,000 $715,000 $385,000
2020 $4,743 $356,942 $296,196 $60,746
2019 $4,689 $349,944 $290,389 $59,555
2018 $4,515 $343,084 $284,696 $58,388
2016 $4,149 $329,764 $273,642 $56,122
2015 $3,986 $324,811 $269,532 $55,279
2014 $3,967 $318,450 $264,253 $54,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20115880

California Regional Multiple Listing Service (CRMLS)

APN: 7257-018-023