NOT LISTED FOR SALE

Estimated Value: $1,194,000 - $1,417,000

4 Beds
3 Baths
2,300 Sq Ft
$560/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $1,176,000 $511 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,311/month

17 Days on Market

Highlights

  • City Lights View
  • Laundry Facilities
  • Level Lot
  • Woodrow Wilson High School Rated A
  • Gated Home

About This Home

As of June 2021

Well Maintained Income Producing Triplex in Belmont Heights! Great Investment or Owner Occupied Opportunity! Single story front 2bed/1bath unit (A) with fireplace remodeled 2 years ago with updated appliances, beautiful tiled floors and Brazilian tile shower! (2) 2 story 1bed/1bath units with above garage living space and bedrooms on the second story. Front unit (B) recently remodeled has a fresh coat of paint, new tile work, updated living room and fixtures! Upper back unit (C) remodeled 6 months ago has updated bathroom, tile floors, newer carpet, stainless steel appliances and a private deck! Ceiling fans throughout! On-site laundry, enclosed workshop and 1/2 bath in garage! Private gated driveway with two spacious 2 car garages for added income potential! Fruit producing orange/tangerine trees! Drought tolerant front yard with stunning curb appeal. Numerous upgraded dual pane windows installed! Decks recently resurfaced! Separate gas and electric meters and water heaters for each unit. Long term owner with pride of ownership! First time on market in 20 years! Prime location near restaurants, shopping, parks, schools and the beach/marina! This opportunity is not to be missed! Well Maintained Income Producing Triplex in Belmont Heights! Great Investment or Owner Occupied Opportunity! Single story front 2bed/1bath unit (A) with fireplace remodeled 2 years ago with updated appliances, beautiful tiled floors and Brazilian tile shower! (2) 2 story 1bed/1bath units with above garage living space and bedrooms on the second story. Front unit (B) recently remodeled has a fresh coat of paint, new tile work, updated living room and fixtures! Upper back unit (C) remodeled 6 months ago has updated bathroom, tile floors, newer carpet, stainless steel appliances and a private deck! Ceiling fans throughout! On-site laundry, enclosed workshop and 1/2 bath in garage! Private gated driveway with two spacious 2 car garages for added income potential! Fruit producing orange/tangerine trees! Drought tolerant front yard with stunning curb appeal. Numerous upgraded dual pane windows installed! Decks recently resurfaced! Separate gas and electric meters and water heaters for each unit. Long term owner with pride of ownership! First time on market in 20 years! Prime location near restaurants, shopping, parks, schools and the beach/marina! This opportunity is not to be missed!

Last Agent to Sell the Property

Erika Bateman

Brush Realty License #01970621 Listed on: 04/12/2021

Brush Realty

Last Buyer's Agent

Alberto Garcia

CRMLS-Discover

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,108

Year Built

  • Built in 1940

Lot Details

  • Gated Home
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • City Lights Views

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for trash, electricity, gas/propane
  • Assessor Parcel Number 7254-014-004

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $60,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,108

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Loma Ave. and Euclid Ave.
  • Neighborhood: Belmont Heights
  • Supplement: Well Maintained Income Producing Triplex in Belmont Heights! Great Investment or Owner Occupied Opportunity! Single story front 2bed/1bath unit (A) with fireplace remodeled 2 years ago with updated appliances, beautiful tiled floors and Brazilian tile shower! (2) 2 story 1bed/1bath units with above garage living space and bedrooms on the second story. Front unit (B) recently remodeled has a fresh coat of paint, new tile work, updated living room and fixtures! Upper back unit (C) remodeled 6 months ago has updated bathroom, tile floors, newer carpet, stainless steel appliances and a private deck! Ceiling fans throughout! On-site laundry, enclosed workshop and 1/2 bath in garage! Private gated driveway with two spacious 2 car garages for added income potential! Fruit producing orange/tangerine trees! Drought tolerant front yard with stunning curb appeal. Numerous upgraded dual pane windows installed! Decks recently resurfaced! Separate gas and electric meters and water heaters for each unit. Long term owner with pride of ownership! First time on market in 20 years! Prime location near restaurants, shopping, parks, schools and the beach/marina! This opportunity is not to be missed!
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1940
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full, Gate
  • Roof: Composition
  • View: City, Evening Lights

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Complex Features: Laundry Facilities

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 7254-014-004

Rental Info

  • Tenant Pays: Trash, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 60104
  • Annual Expense Actual: 10696
  • Gross Sched Income Actual: 70800
  • Number Of Buildings: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 2
  • Other Income Actual: 480

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
May 20, 2021
Sold by
Dennis Bedford Living Trust
Bought by
Collins Brandon D
Seller's Agent
Erika Bateman
Brush Realty
Buyer's Agent
Alberto Garcia
CRMLS-Discover
List Price
$1,189,000
Sold Price
$1,176,000
Premium/Discount to List
-$13,000
-1.09%
Current Estimated Value
$1,289,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,027
Avg. Annual Appreciation
2.20%
Original Mortgage
$1,176,000
Outstanding Balance
$1,064,721
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$224,306

Purchase Details

Closed on
Aug 20, 2019
Sold by
Bedford Dennis R
Bought by
Bedford Dennis and The Dennis Bedford Living Trus

Purchase Details

Closed on
Jul 24, 2001
Sold by
Nelson Penny
Bought by
Bedford Dennis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,900
Interest Rate
7.99%
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
Collins Brandon D $1,176,000 Ticor Title
Bedford Dennis -- None Available
Bedford Dennis R $335,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Brandon D $1,176,000
Previous Owner Bedford Dennis R $620,000
Previous Owner Bedford Dennis R $620,000
Previous Owner Bedford Dennis R $175,000
Previous Owner Bedford Dennis R $100,000
Previous Owner Bedford Dennis R $203,000
Previous Owner Bedford Dennis R $50,000
Previous Owner Bedford Dennis R $184,000
Previous Owner Bedford Dennis R $169,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $1,176,000 -1.1% $511 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/30/2021 04/30/21 Price Changed $1,189,000 0.0% $517 / Sq Ft
04/30/2021 04/30/21 For Sale $1,189,000 -- $517 / Sq Ft
Source: San Diego MLS

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 $16,108 $1,272,938 $974,188 $298,750
2024 $16,108 $1,247,980 $955,087 $292,893
2023 $15,838 $1,223,510 $936,360 $287,150
2022 $14,860 $1,199,520 $918,000 $281,520
2021 $5,766 $443,407 $136,472 $306,935
2020 $5,750 $438,861 $135,073 $303,788
2019 $5,682 $430,257 $132,425 $297,832
2018 $5,460 $421,822 $129,829 $291,993
2016 $5,024 $405,444 $124,789 $280,655
2015 $4,826 $399,355 $122,915 $276,440
2014 $4,802 $391,533 $120,508 $271,025
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210009470

San Diego MLS

APN: 7254-014-004