NOT LISTED FOR SALE

Estimated Value: $1,049,000 - $1,119,000

4 Beds
2 Baths
1,788 Sq Ft
$605/Sq Ft Est. Value

Last Sold August 29, 2020

Last sale price $787,030 $440 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,558/month

27 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail
  • Woodrow Wilson High School Rated A
  • Floor Furnace
  • 1-Story Property

About This Home

As of August 2020

Charming Spanish Duplex in Nice Belmont Heights Location. The Front unit has been Nicely remodeled, please see photos. both units have Fireplaces and Antiquated wood and Glass Cabinetry in the Living Rooms. The rear unit has long term tenants. There are 2 single car detached garages both have laundry hook-ups in the garages. Both units a viewed "subject to an accepted offer". Individually metered for gas and electric. The listing agent is also the owner.

Last Agent to Sell the Property

Kirby Larson

Estate Properties License #00593173 Listed on: 07/14/2020

Estate Properties

Last Buyer's Agent

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 5,778 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,788 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Self-Cleaning Oven
  • Built-In Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Assessor Parcel Number 7254015016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $890
  • Trash Expense $560
  • Water Sewer Expense $1,512
  • New Taxes Expense $9,540
  • Operating Expense $12,722
  • Gross Income $45,972
  • Net Operating Income $34,479

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: The Euclid Avenue tract
  • Water Sewer Expenses: 1512.00
  • Property Type: Residential Income
  • Parcel Number: 7254015016
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 440.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Self Cleaning Oven
  • Heating Type: Floor Furnace, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 560.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5778.00
  • Lot Size Acres: 0.1326

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 45972.00
  • Gross Scheduled Income: 45972.00
  • Insurance Expense: 890.00
  • Lot Size Area: 5778.0000 Square Feet
  • Net Operating Income: 34479.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12722.00
  • Rent Control: Yes
  • Total Expenses: 12722.00

Tax Info

  • New Taxes Expense: 9540.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
Aug 25, 2020
Sold by
Larson Kirby D and Larson Sarah Susan
Bought by
Correa Krista C and Correa Paul
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Jamee Lindberg
Re/Max R. E. Specialists
List Price
$795,000
Sold Price
$787,030
Premium/Discount to List
-$7,970
-1%
Current Estimated Value
$1,082,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,163
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Jul 23, 2018
Sold by
Scafati Allen J
Bought by
Larson Kirby D and Larson Sarah Susan

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
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2010
Sold by
Orner Joel R
Bought by
Orner Joel R and The Joel R Orner Jr Living Trust

Purchase Details

Closed on
Sep 2, 2010
Sold by
Scafati Allen J and Scafati Lynn M
Bought by
Scafati Allen J and Scafati Lynn M

Purchase Details

Closed on
Sep 20, 2001
Sold by
Scafati Allen J and Scafati Lynn
Bought by
Scafati Allen J
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
Correa Krista C $787,500 Lawyers Title Company
Larson Kirby D $500,000 Progressive Title Company
Orner Joel Richard -- Progressive Title
Orner Joel R -- None Available
Scafati Allen J -- None Available
Scafati Allen J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larson Kirby D $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2020 08/29/20 Sold $787,030 -1.0% $440 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $795,000 -- $445 / 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 $10,863 $851,871 $649,458 $202,413
2024 $10,863 $835,169 $636,724 $198,445
2023 $10,683 $818,794 $624,240 $194,554
2022 $10,027 $802,740 $612,000 $190,740
2021 $9,831 $787,000 $600,000 $187,000
2020 $9,272 $734,400 $510,000 $224,400
2019 $9,164 $720,000 $500,000 $220,000
2018 $4,939 $379,860 $241,056 $138,804
2016 $4,541 $365,112 $231,697 $133,415
2015 $4,361 $359,628 $228,217 $131,411
2014 $4,338 $352,584 $223,747 $128,837
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV20138658

California Regional Multiple Listing Service (CRMLS)

APN: 7254-015-016