NOT LISTED FOR SALE

Estimated Value: $1,476,443 - $1,590,000

3 Beds
3 Baths
1,980 Sq Ft
$773/Sq Ft Est. Value

Sale Details

Date Sold: November 12, 2021

Last sale price $1,360,000 $687 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,542 / mo

43 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Laundry Room
  • Fremont Elementary School Rated A
  • Park
  • Heating Available

About This Home

As of November 2021

Significant price reduction on classic beach triplex where Belmont Heights meets Belmont Shore. Fabulous and highly desirable location 2 blocks from the beach, Belmont Pier, Bluff Park and 2nd Street shops and restaurants. Each unit is a 1 bedroom, 1 bath with a roomy kitchen, large closets and extra storage; 2 of the 3 units have a fireplace; 1 unit (upstairs over garage) has partial ocean view from kitchen. Best of all, each unit has its own GARAGE and DRIVEWAY for off-street parking, a huge plus in this beach community. There are separate utility meters so tenants pay their own utilities. Beautifully well-maintained grounds and a community laundry room. This charming 1922 triplex was taken down to the studs by previous owner and upgraded with quality workmanship and materials. One unit is ready to rent; two have long term tenants, lots of upside potential. Priced to sell, don't delay!

Last Agent to Sell the Property

Barbara Jones

Coldwell Banker Realty License #01756068 Listed on: 08/20/2021

Coldwell Banker Realty

Last Buyer's Agent

Bernadette Kendall

Vista Sotheby's International License #01223109

Vista Sotheby's International

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 2,966 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Off-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 1,980 Sq Ft Home
  • Blinds
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling Available
  • Heating Available
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 5 / 39
  • Assessor Parcel Number 7256003022
  • $521 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $200
  • Gardener Expense $720
  • Insurance Expense $1,235
  • Water Sewer Expense $720
  • New Taxes Expense $18,750
  • Operating Expense $21,625
  • Gross Income $68,676
  • Net Operating Income $47,051

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Remodeled

Lot Details

2,966 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 720.00
  • Zoning: LBR4R
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7256003022
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 686.87
  • Window Features: Blinds

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door, Off Street
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2966.00
  • Lot Size Acres: 0.0681

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 690 Square Feet
  • Average2 Bed Area: 690 Square Feet
  • Average3 Bed Area: 600 Square Feet
  • Electric Expense: 200.00
  • Gross Operating Income: 68676.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 1235.00
  • Lot Size Area: 2966.0000 Square Feet
  • Net Operating Income: 47051.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 21625.00
  • Rent Control: Yes
  • Total Actual Rent: 2350.00
  • Total Expenses: 21625.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Block: 39
  • Tax Census Tract: 5772.00
  • Tax Lot: 5
  • TaxOtherAnnualAssessmentAmount: 521.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2022
Sold by
Martinez Valerie E
Bought by
Valerie E Martinez Living Trust and Martinez
Current Estimated Value
$1,491,590

Purchase Details

Closed on
Dec 2, 2010
Sold by
Boyne Sally E and Boyne William M
Bought by
Boyne Sally E and Trust A

Purchase Details

Closed on
Jul 30, 1999
Sold by
Boyne William M
Bought by
Boyne William M and Boyne Sally E
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Valerie E Martinez Living Trust -- None Listed On Document
Boyne Sally E -- None Available
Boyne William M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $1,360,000 +0.7% $687 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
09/10/2021 09/10/21 Price Changed $1,350,000 +900.0% $682 / Sq Ft
09/10/2021 09/10/21 Price Changed $135,000 -91.0% $68 / Sq Ft
08/20/2021 08/20/21 For Sale $1,500,000 -- $758 / 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 $18,953 $1,443,242 $933,863 $509,379
2024 $18,142 $1,414,944 $915,552 $499,392
2023 $17,838 $1,387,200 $897,600 $489,600
2022 $16,731 $1,360,000 $880,000 $480,000
2021 $2,561 $170,699 $90,258 $80,441
2019 $2,525 $166,038 $87,582 $78,456
2018 $2,428 $162,791 $85,865 $76,926
2016 $2,232 $156,087 $82,532 $73,555
2015 $2,151 $153,744 $81,293 $72,451
2014 $2,153 $150,733 $79,701 $71,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21181314

California Regional Multiple Listing Service (CRMLS)

APN: 7256-003-022

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