NOT LISTED FOR SALE

Estimated Value: $981,000 - $1,150,000

2 Beds
2 Baths
1,200 Sq Ft
$901/Sq Ft Est. Value

Last Sold June 11, 2020

Last sale price $715,000 $596 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,715/month

71 Days on Market

Highlights

  • Golf Course Community
  • No Units Above
  • Wood Flooring
  • Fremont Elementary School Rated A
  • Property is near a park
  • Spanish Architecture

About This Home

As of June 2020

Classic Spanish duplex consisting of 2-1Br. 1Ba. side by side units with hardwood flooring, Spanish coved ceilings, tile roof, faux fireplaces in immaculate condition. Both units are elevated from street level with a double garage downstairs, laundry room and storage. Unit #357 has an expanded kitchen with breakfast nook, tile bath w/shower enclosure, multiple windows t/o for lots of natural light & ceiling fan, stove & refrigerator. Unit #359 is a mirror image of #357 with a slightly smaller kitchen but also has hardwood floors, tile bath w/enclosure and includes stove & refrigerator. Both units show extremely well and tenants are on a lease through August, 2020. "Property is being sold subject to inspection".

Last Agent to Sell the Property

John Gooding

Vista Sotheby's Int'l Realty License #00479227 Listed on: 02/10/2020

Vista Sotheby's Int'l Realty

Last Buyer's Agent

John Gooding

Vista Sotheby's Int'l Realty License #00479227 Listed on: 02/10/2020

Vista Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,905

Year Built

  • Built in 1929

Lot Details

  • 2,127 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Block Wall Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Sprinkler System

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Up Slope from Street
  • Driveway Down Slope From Street
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Turnkey
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 1,200 Sq Ft Home
  • Built-In Features
  • Coffered Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 10 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7250016012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,180
  • Operating Expense $12,880
  • Gross Income $37,515
  • Net Operating Income $30,012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,905

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7250016012
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Ceramic Counters, Coffered Ceiling(s), Tile Counters
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Living Room, Decorative
  • Price Per Square Foot: 595.83
  • Room Type: Laundry

Exterior Features

  • Other Structures: Storage
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Spanish Tile
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway Down Slope From Street, Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, In Garage, Individual Room, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Up Slope from Street, Utilities - Overhead
  • Lot Size Sq Ft: 2127.00
  • Lot Size Acres: 0.0488

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Operating Income: 37515.00
  • Gross Scheduled Income: 38280.00
  • Insurance Expense: 1300.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2127.0000 Square Feet
  • Net Operating Income: 30012.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 7503.00
  • Operating Expense Percent: 20.00
  • Rent Control: Yes
  • Total Actual Rent: 3190.00
  • Total Expenses: 12880.00
  • Vacancy Allowance: 765
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 9180.00
  • Tax Block: 1
  • Tax Census Tract: 5776.03
  • Tax Lot: 10
  • Tax Tract Number: 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2021
Sold by
Mora Christopher E
Bought by
Mora Christopher E and Mora Leslie
Current Estimated Value
$1,081,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Outstanding Balance
$636,956
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$446,176

Purchase Details

Listed on
Feb 10, 2020
Closed on
Apr 22, 2020
Sold by
Farmers & Merchants Tr Co Of Long Beach
Bought by
Mora Christopher E
Seller's Agent
John Gooding
Vista Sotheby's Int'l Realty
Buyer's Agent
John Gooding
Vista Sotheby's Int'l Realty
List Price
$765,000
Sold Price
$715,000
Premium/Discount to List
-$50,000
-6.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$731,445
Interest Rate
3.2%
Mortgage Type
VA

Purchase Details

Closed on
Nov 13, 2007
Sold by
Kaliher Yaeko Irene C and Kaliher William F
Bought by
Kaliher Yaeko Irene C and William F & Yaeko Irene C Kaliher 1990 L
Source: Public Records

Range of Values:

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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
Mora Christopher E -- Wfg Lender Services
Mora Christopher E $715,000 Ticor Title Company Of Ca
Kaliher Yaeko Irene C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mora Christopher E $702,000
Previous Owner Mora Christopher E $731,445
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2020 06/11/20 Sold $715,000 -2.0% $596 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
04/07/2020 04/07/20 Price Changed $729,500 -4.6% $608 / Sq Ft
02/10/2020 02/10/20 For Sale $765,000 -- $638 / 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 $9,905 $781,951 $508,543 $273,408
2024 $9,905 $766,620 $498,572 $268,048
2023 $9,738 $751,590 $488,797 $262,793
2022 $9,136 $736,854 $479,213 $257,641
2021 $8,959 $722,407 $469,817 $252,590
2020 $864 $42,535 $27,095 $15,440
2019 $854 $41,702 $26,564 $15,138
2018 $795 $40,886 $26,044 $14,842
2016 $730 $39,300 $25,034 $14,266
2015 $708 $38,710 $24,658 $14,052
2014 $716 $37,952 $24,175 $13,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20031217

California Regional Multiple Listing Service (CRMLS)

APN: 7250-016-012