NOT LISTED FOR SALE

Estimated Value: $1,419,000 - $1,507,000

7 Beds
4 Baths
2,617 Sq Ft
$563/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $1,055,000 $403 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,975/month

55 Days on Market

Highlights

  • Craftsman Architecture
  • Cathedral Ceiling
  • Private Yard
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of June 2018

Opportunity knocks in Belmont Heights! Triplex in a highly sought after Belmont Heights location. The front house is a one story craftsman built in 1919 with 3 bedrooms, 2 baths, hardwood floors, large kitchen with breakfast area that leads out to the private patio yard area. There are two - 2 bedroom, 1 bath units in the rear of the property that were built in 1978. One of the units is in need of some cosmetic TLC and is a two story with the bedrooms up and a balcony off one of the bedrooms as well as a private patio area at the entry. The other 2 bed / 1 bath apartment is above the garage and in good condition with tile flooring, vaulted ceilings and a large balcony. Each apartment comes with a private balcony, a one car garage and extra storage. Both balconies were restored recently as were the stairs leading to unit #2. The front house has a private laundry area and utilizes two of the four car garages. Separate meters, copper plumbing and ideal for an owner who would like to live in the front house and enjoy income from the two rear apartments. In close proximity to 4th and 2nd Street, shopping, restaurants and the beach. Good cash flow and upside potential.

Last Agent to Sell the Property

Oriana Shea

Real Brokerage Technologies License #01217538 Listed on: 04/12/2018

Real Brokerage Technologies

Last Buyer's Agent

Michelle Murray

MMM Real Estate License #02026866

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 5,085 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Private Yard
  • Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Triplex
  • Craftsman Architecture
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,617 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Decorative Fireplace
  • French Doors
  • Living Room

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 18
  • Tax Tract Number 5500
  • Assessor Parcel Number 7263025013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $1,200
  • Water Sewer Expense $780
  • New Taxes Expense $6,040
  • Operating Expense $2,880
  • Net Operating Income $58,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 780.00
  • Zoning: LBR2A
  • Architectural Style: Craftsman
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7263025013
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Copper Plumbing Full
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 403.13
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 5085.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Scheduled Income: 67800.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 58700.00
  • 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
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 9100.00
  • Rent Control: No
  • Total Actual Rent: 5650.00
  • Total Expenses: 2880.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6040.00
  • Tax Census Tract: 5768.02
  • Tax Lot: 18
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2018
Sold by
Wagner Kirstin
Bought by
The Meraki Trust
Current Estimated Value
$1,473,845

Purchase Details

Listed on
Apr 12, 2018
Closed on
Jun 8, 2018
Sold by
Marsh Todd F
Bought by
Wagner Kirstin
Seller's Agent
Oriana Shea
Real Brokerage Technologies
Buyer's Agent
Michelle Murray
MMM Real Estate
List Price
$1,185,000
Sold Price
$1,055,000
Premium/Discount to List
-$130,000
-10.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.55%
Original Mortgage
$791,250
Outstanding Balance
$685,831
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$788,014

Purchase Details

Closed on
Dec 19, 2002
Sold by
Carter Randel R and Carter Jenice A
Bought by
Marsh Todd F

Purchase Details

Closed on
Jun 16, 1997
Sold by
Carter Randel R and Carter Jenice A
Bought by
Carter Randel R and Carter Jenice A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
The Meraki Trust -- None Available
Wagner Kirstin $1,055,000 Chicago Title Company
Marsh Todd F -- Lawyers Title
Marsh Todd F -- Ltc
Carter Randel R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagner Kirstin $791,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $1,055,000 -11.0% $403 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $1,185,000 -- $453 / 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 $15,316 $1,200,405 $796,478 $403,927
2024 $15,316 $1,176,868 $780,861 $396,007
2023 $15,060 $1,153,793 $765,550 $388,243
2022 $14,135 $1,131,171 $750,540 $380,631
2021 $13,857 $1,108,992 $735,824 $373,168
2020 $13,822 $1,098,622 $728,280 $370,342
2019 $13,660 $1,077,100 $714,000 $363,100
2018 $6,116 $463,894 $184,644 $279,250
2016 $5,622 $444,922 $177,475 $267,447
2015 $5,402 $438,240 $174,810 $263,430
2014 $5,375 $429,656 $171,386 $258,270
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18082783

California Regional Multiple Listing Service (CRMLS)

APN: 7263-025-013