NOT LISTED FOR SALE

Estimated Value: $1,885,000 - $2,275,904

8 Beds
6 Baths
4,687 Sq Ft
$453/Sq Ft Est. Value

Sale Details

Date Sold: November 4, 2020

Last sale price $1,705,500 $364 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $13,440 / mo

About This Home

As of November 2020

Wonderful remodeled Spanish style 4 units in the Heart of Belmont Heights, near trendy shopping and restaurants. Front 1920’s duplex has 2 Large and Bright 2 bdrm, 1 bath units, with great floorplans. Rear 1980’s duplex has 2 Modern open concept layouts, 2 bdrm 2 bath units. Rear lower unit has a lovely fenced in yard, upper has private balcony. All four units have hard to find dishwashers. The large lot still allows for 3 Single Car Garages, plus up to 7 additional parking spaces, and an on-site laundry room. Lots of upgrades throughout include: designer quartz, granite, stainless farmhouse sinks, white & bright kitchens, remodeled bathrooms, subway tile, concrete designer tiles, newer carpet and paint, beautiful classic hardwood floors, and built-ins. This turnkey property with annual scheduled rent over $100K/yr is a true gem that has great tenants, a just completed new exterior paint job, refreshed landscaping, and replacement of all window screens.

Last Agent to Sell the Property

Wade Tettenburn

Palazzo Realty Inc. License #01246595 Listed on: 11/04/2020

Last Buyer's Agent

Wade Tettenburn

Palazzo Realty Inc. License #01246595 Listed on: 11/04/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,767 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 7 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 4,687 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Tax Tract Number 5771
  • Assessor Parcel Number 7255019021

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $30,096
  • Net Operating Income $64,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

6,767 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7255019021
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 363.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6767.00
  • Lot Size Acres: 0.1553

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Operating Income: 30096.00
  • Gross Scheduled Income: 100320.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 375.00
  • Lot Size Area: 6767.0000 Square Feet
  • Net Operating Income: 64200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 30096.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Actual Rent: 8260.00

Tax Info

  • Tax Census Tract: 5771.00
  • Tax Lot: 16
  • Tax Tract Number: 5771

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

Listed on
Nov 4, 2020
Closed on
Oct 14, 2020
Sold by
Bought by
Seller's Agent
Wade Tettenburn
Palazzo Realty Inc.
Buyer's Agent
Wade Tettenburn
Palazzo Realty Inc.
List Price
$1,705,500
Sold Price
$1,705,500
Current Estimated Value
$2,122,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,726
Avg. Annual Appreciation
3.96%

Purchase Details

Listed on
Dec 9, 2016
Closed on
Jan 11, 2017
Sold by
Bought by
Seller's Agent
Kathy (Apples) Gordon
Coldwell Banker Envision
Buyer's Agent
Wade Tettenburn
Palazzo Realty Inc.
List Price
$1,750,000
Sold Price
$1,344,000
Premium/Discount to List
-$406,000
-23.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$940,800
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 26, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 1993
Sold by
Bought by
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

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
$1,705,500 Stewart Title
$1,344,000 Ticor Title
-- None Available
-- None Available
-- None Available
-- None Available
-- --
-- --
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 $940,800
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 Prior Sale
11/04/2020 11/04/20 Sold $1,705,500 0.0% $364 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $1,705,500 +26.9% $364 / Sq Ft
03/08/2017 03/08/17 Sold $1,344,000 -10.4% $287 / Sq Ft View Prior Sale
01/13/2017 01/13/17 Pending -- -- --
12/21/2016 12/21/16 Price Changed $1,500,000 -14.3% $320 / Sq Ft
12/09/2016 12/09/16 For Sale $1,750,000 -- $373 / 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
2025 $24,523 $1,846,086 $1,190,674 $655,412
2024 $23,464 $1,809,889 $1,167,328 $642,561
2023 $23,074 $1,774,402 $1,144,440 $629,962
2022 $21,655 $1,739,610 $1,122,000 $617,610
2021 $21,226 $1,705,500 $1,100,000 $605,500
2019 $17,818 $1,398,297 $977,976 $420,321
2018 $17,311 $1,370,880 $958,800 $412,080
2016 $13,608 $1,118,375 $787,005 $331,370
2015 $13,062 $1,101,577 $775,184 $326,393
2014 $12,974 $1,080,000 $760,000 $320,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20177644

California Regional Multiple Listing Service (CRMLS)

APN: 7255-019-021

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