NOT LISTED FOR SALE

Estimated Value: $1,462,000 - $1,635,554

5 Beds
3 Baths
2,659 Sq Ft
$583/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $1,140,000 $429 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,322/month

16 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Wood Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Lawn
  • 3 Car Direct Access Garage

About This Home

As of April 2021

Don't miss a great opportunity to own a an income property in a strong rental market neighborhood, Belmont Heights, which is conveniently located near CSULB, VA Hospital, 4th Street Retro Row unique shops, restaurants and coffee houses, DTLB, the beach and easy access to freeways. The 1917 darling 2 bedroom 1 bathroom craftsman style bungalow house in front has a roomy eat-in kitchen, living room with fireplace, dining area, wood floors under carpet, central AC/heat, washer/dryer hook ups, attached direct access to the single car garage with carport for extra parking. Enjoy the private back yard of the house with room for entertaining! The two story apartment in back has 3 bedrooms 2 baths with direct access to a 2 car garage where laundry hook ups are located. Structure built in the '80's. There are 2 very spacious upstairs bedrooms with vaulted ceilings that share a bathroom; 'master' has a skylight, fireplace and access to a private balcony overlooking tree tops. The private patio area behind the apartment is spacious and offers access through the gate to the garage also. Newer garage door. The white fence in back was recently installed. Main drain line to city replaced in 2020. Located on a quiet street the property is within convenient walking distance to a grocery store on corner of 4th and Orizaba! Please do not disturb the occupants.

Last Agent to Sell the Property

Victoria Gibo

Re/Max R. E. Specialists License #01876306 Listed on: 02/26/2021

Re/Max R. E. Specialists

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • 1 Attached Carport Space
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 2,659 Sq Ft Home
  • Living Room with Fireplace
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling Available
  • Central Heating
  • Overhead Utilities
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 10
  • Tax Tract Number 2348
  • Assessor Parcel Number 7257011010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Belmont Heights Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $60
  • Insurance Expense $1,000
  • Trash Expense $100
  • Water Sewer Expense $150
  • New Taxes Expense $15,625
  • Operating Expense $13,620
  • Gross Income $58,200
  • Net Operating Income $45,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

6,501 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 150.00
  • Zoning: LBR2A
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 7257011010
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room, Master Bedroom
  • Price Per Square Foot: 428.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport, Direct Garage Access, Driveway, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Utilities - Overhead
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 58200.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 45200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 13000.00
  • Rent Control: No
  • Total Expenses: 13620.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Census Tract: 5768.02
  • Tax Lot: 10
  • Tax Tract Number: 2348

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2022
Sold by
Taormina Joseph P and Taormina Calli E
Bought by
Joseph P Taormina And Calli E Taormina Revoca
Current Estimated Value
$1,550,639

Purchase Details

Closed on
Aug 24, 2012
Sold by
Kumar Dinesh and Devarajan Kumar Kamakshi
Bought by
Kumar Dinesh and Devarajan Kumar Kamakshi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,250
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2011
Sold by
Kumar Dinesh and Devarajan Kumar Kamakshi
Bought by
Kumar Dinesh and Devarajan Kamakshi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2011
Sold by
The Bank Of New York Mellon
Bought by
Kumar Dinesh and Devarajan Kumar Kamakshi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2010
Sold by
Cavaleri Joseph
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Oct 26, 2005
Sold by
Cavaleri Joseph V
Bought by
Demoff Tonja L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2005
Sold by
04 Ocean Llc
Bought by
Cavaleri Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2005
Sold by
Guerra Sylvia J
Bought by
04 Ocean Llc

Purchase Details

Closed on
Sep 10, 2003
Sold by
Maloney Toby
Bought by
Copeland Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 1999
Sold by
Dezutti Sharon K
Bought by
Sleep Linda Toby Maloney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.86%

Purchase Details

Closed on
May 1, 1999
Sold by
Dezutti Sharon K and The Sharon K Dezutti Trust
Bought by
Dezutti Sharon K and Sleep Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.86%

Purchase Details

Closed on
Oct 5, 1994
Sold by
Dezutti Sharon K and Maloney Linda K
Bought by
Dezutti Sharon K and Sleep Susan M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joseph P Taormina And Calli E Taormina Revoca -- Accommodation/Courtesy Recordi
Kumar Dinesh -- Accommodation
Kumar Dinesh -- Lawyers Title Sd
Kumar Dinesh $680,000 Landsafe Title
The Bank Of New York Mellon $630,000 Landsafe Title
Demoff Tonja L $1,250,000 None Available
Cavaleri Joseph $975,000 Lawyers Title
04 Ocean Llc -- --
Copeland Sylvia $850,000 Lawyers Title
Maloney Toby -- Lawyers Title
Sleep Linda Toby Maloney $80,000 Orange Coast Title
Sleep Linda Toby Maloney -- Orange Coast Title
Dezutti Sharon K -- --
Dezutti Sharon K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kumar Dinesh $503,250
Previous Owner Kumar Dinesh $510,000
Previous Owner Kumar Dinesh $510,000
Previous Owner Cavaleri Joseph $731,250
Previous Owner Copeland Sylvia $637,500
Previous Owner Sleep Linda Toby Maloney $262,500
Closed Copeland Sylvia $212,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $1,140,000 -3.3% $429 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/07/2021 03/07/21 Price Changed $1,179,000 -5.7% $443 / Sq Ft
02/26/2021 02/26/21 For Sale $1,250,000 -- $470 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,278 $1,233,970 $746,877 $487,093
2024 $15,588 $1,209,776 $732,233 $477,543
2023 $15,332 $1,186,056 $717,876 $468,180
2022 $14,387 $1,162,800 $703,800 $459,000
2021 $10,116 $804,846 $473,440 $331,406
2020 $10,089 $796,594 $468,586 $328,008
2019 $9,972 $780,976 $459,399 $321,577
2018 $9,648 $765,664 $450,392 $315,272
2016 $8,867 $735,934 $432,903 $303,031
2015 $8,509 $724,881 $426,401 $298,480
2014 $8,449 $710,683 $418,049 $292,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21038989

California Regional Multiple Listing Service (CRMLS)

APN: 7257-011-010

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