NOT LISTED FOR SALE
6 Beds
4 Baths
6,842 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: October 22, 2014

Last sale price $1,600,000 $234 Per Sq Ft

16 Days on Market

Highlights

  • 0.28 Acre Lot
  • Contemporary Architecture
  • Forced Air Heating System
  • Fremont Elementary School Rated A
  • No HOA
  • Laundry Facilities

About This Home

As of October 2014

384 Tremont is situated in the heart of Belmont Heights, just minutes from the beach and Long Beach State. The building and SFR consists of
(1 SFR- three bedroom/two-bathroom ),(2 two-bedroom/one-bathroom),(3 one-bedroom-/one bath), (1 studio) totaling 7 units. More than half the units have already been refurbished. HUGH UPSIDE POTENTIAL IN RENTS-ONLY 3 TENANTS ON LEASE TILL NEXT YEAR. The property features a charming Contemporary style two-story building constructed in 1930 with a detached SFR 3 bedroom-2 bath house. Some notable features include five single-car garages and a 2 car garage for the house, separate meters for gas and electric. Landscaping is neat and well-kept. The quality asset is featured in a strong rental area, totaling to a substantial lot size of 12,632 square feet. This would make a perfect addition to any investor?s portfolio.

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 09/22/2014

Circle Real Estate

Last Buyer's Agent

Kevin King

Marcus & Millichap License #01158184

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 12,377 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 6,842 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 24
  • Tax Tract Number 0
  • Assessor Parcel Number 7250017022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $600
  • Water Sewer Expense $1,800
  • Gross Income $900
  • Net Operating Income $112,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0.28 Acres

Parking

7

Listing Details

  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7250017022
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 233.85

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12377.00
  • Lot Size Acres: 0.2840

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 900.00
  • Gross Scheduled Income: 115200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 12377.0000 Square Feet
  • Net Operating Income: 112200.00
  • Number Of Rented Garages: 7
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Actual Rent: 9600.00

Tax Info

  • Tax Lot: 24
  • Tax Tract Number: .29
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
Masterson Jenae L
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2022
Sold by
J-Mar Quincy & Tremont Apts Llc
Bought by
Lujan Aaron and Lujan Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2021
Sold by
J-Mar Investments Co
Bought by
J-Mar Quincy & Tremont Apts Llc

Purchase Details

Listed on
Sep 22, 2014
Closed on
Oct 8, 2014
Sold by
Risa Truman H
Bought by
J Mar Investments Co
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Kevin King
Marcus & Millichap
List Price
$1,695,000
Sold Price
$1,600,000
Premium/Discount to List
-$95,000
-5.6%

Purchase Details

Closed on
Sep 3, 2004
Sold by
Risa Truman H
Bought by
Risa Truman H and Truman H Risa Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.06%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Belmont Heights, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company O
Lujan Aaron $2,100,000 First American Title Company O
J-Mar Quincy & Tremont Apts Llc -- None Listed On Document
J Mar Investments Co $1,600,000 Fidelity National Title Co
Risa Truman H -- Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,050,000
Previous Owner Risa Truman H $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/22/2014 10/22/14 Sold $1,600,000 -5.6% $234 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
09/22/2014 09/22/14 For Sale $1,695,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $39,515 $3,030,807 $1,970,025 $1,060,782
2025 $39,515 $2,971,381 $1,931,398 $1,039,983
2024 $37,811 $2,913,120 $1,893,528 $1,019,592
2023 $37,182 $2,856,000 $1,856,400 $999,600
2022 $23,147 $1,812,044 $1,268,432 $543,612
2021 $22,670 $1,776,514 $1,243,561 $532,953
2020 $22,610 $1,758,499 $1,230,810 $527,689
2019 $22,347 $1,724,024 $1,206,677 $517,347
2018 $21,662 $1,690,224 $1,183,017 $507,207
2016 $19,914 $1,624,400 $1,137,080 $487,320
2015 $19,119 $1,600,000 $1,120,000 $480,000
2014 -- $864,904 $518,946 $345,958
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14204667

California Regional Multiple Listing Service (CRMLS)
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