NOT LISTED FOR SALE

Estimated Value: $1,165,000 - $1,436,130

5 Beds
3 Baths
2,217 Sq Ft
$600/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $1,025,000 $462 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,144/month

187 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Bike Trail
  • Woodrow Wilson High School Rated A

About This Home

As of March 2021

Charming 4 bedroom 2 bath Craftman Style Duplex in Belmont Heights South of 4th Street. Classic porch entry, beautiful, original hardwood floors in the main house, a new kitchen with granite counters, ceramic tile floors, new cabinetry. The 4th bedroom has a fireplace, and can function as a family room which can be separated by adding a door to make a private area for quests or relatives with access to the 2nd bath. Original Craftsman windows. Recently repainted throughout and tenant occupied. Laundry facilities in the over sized double garage. Garage is lined with additional cabinetry and some granite counters.
The newer 1 bedroom above the garages has no common walls with the front house and was built much later. It has a good sized LR, DR, inside stacked laundry cabinet, front patio and balconies, two separate single garages occupied by the tenants. Both units are tenant occupied. Potential additional parking in driveway. Good sized front yard. No Mello Roos Tax. Water, Sewer and Trash on 1 bill.

Last Agent to Sell the Property

Silvana Raiola

Landmark Realtors License #00411102 Listed on: 07/27/2020

Last Buyer's Agent

Gia Silva

INTI Realty License #01408839

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Front Yard Sprinklers

Parking

  • 4 Car Garage

Home Design

  • 2,217 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7257013008

Community Details

Overview

  • 2 Units
  • Belmont Heights Subdivision

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $720
  • New Taxes Expense $11,867
  • Operating Expense $13,487
  • Gross Income $59,340
  • Net Operating Income $47,473

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 720.00
  • Zoning: LBR2A
  • Property Type: Residential Income
  • Parcel Number: 7257013008
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 462.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Sprinklers In Front
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59340.00
  • Gross Scheduled Income: 59340.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 47473.00
  • Number Of Rented Garages: 4
  • 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 Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11867.00
  • Rent Control: Yes
  • Total Expenses: 13487.00

Tax Info

  • New Taxes Expense: 11867.00
  • Tax Block: 1
  • Tax Census Tract: 5771.00
  • Tax Lot: 7
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2018
Sold by
Nutting Kevin Michael
Bought by
Kmn Properties Llc
Current Estimated Value
$1,330,533

Purchase Details

Closed on
Jul 12, 2018
Sold by
Kmn Properties Llc
Bought by
Nutting Kevin Michael and Nutting Erika Ellen

Purchase Details

Closed on
Oct 5, 2012
Sold by
Nutting Kevin Michael and Nutting Erika Ellen
Bought by
Kmn Properties Llc

Purchase Details

Closed on
Sep 6, 2005
Sold by
Nutting Kevin M and Nutting Erika
Bought by
Kmn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2005
Sold by
Kruit Rodney and Mercier Jay
Bought by
Treffry Raoul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2004
Sold by
Speer Gilbert
Bought by
Kruit Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
4.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 1995
Sold by
Home Svgs Of America Fsb
Bought by
Speer Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 7, 1994
Sold by
Hovard Robert R and Home Svgs Of America Fsb
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Dec 28, 1993
Sold by
Hovard Robert R
Bought by
Belmont Roadster R S Co Inc

Purchase Details

Closed on
Dec 7, 1993
Sold by
Klause George F
Bought by
Hovard Robert R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kmn Properties Llc -- None Available
Nutting Kevin Michael -- None Available
Kmn Properties Llc -- Progressive Title Company
Nutting Kevin Michael -- Progressive Title Company
Kmn Properties Llc -- --
Nutting Kevin M $950,000 Commonwealth Land Title Co
Treffry Raoul -- Commonwealth Title
Kruit Rodney $785,000 Commonwealth Land Title Co
Speer Gilbert $230,000 First American Title Co
Home Svgs Of America Fsb $261,000 --
Belmont Roadster R S Co Inc -- --
Hovard Robert R -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nutting Kevin M $760,000
Previous Owner Kruit Rodney $588,750
Previous Owner Speer Gilbert $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $1,025,000 -5.0% $462 / Sq Ft
07/29/2020 07/29/20 Price Changed $1,078,800 -39.7% $487 / Sq Ft
07/27/2020 07/27/20 For Sale $1,788,800 -- $807 / 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 $14,815 $1,109,492 $676,520 $432,972
2024 $14,195 $1,087,738 $663,255 $424,483
2023 $13,610 $1,066,410 $650,250 $416,160
2022 $12,991 $1,045,500 $637,500 $408,000
2021 $8,042 $630,528 $380,697 $249,831
2020 $8,021 $624,064 $376,794 $247,270
2019 $7,928 $611,828 $369,406 $242,422
2018 $11,246 $900,000 $500,300 $399,700
2017 $11,343 $900,000 $500,300 $399,700
2016 $9,244 $770,000 $405,300 $364,700
2015 $8,999 $770,000 $405,300 $364,700
2014 $7,685 $645,000 $389,500 $255,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20148812

California Regional Multiple Listing Service (CRMLS)

APN: 7257-013-008