NOT LISTED FOR SALE
4 Beds
6 Baths
3,424 Sq Ft
8,276 Sq Ft Lot

Last Sold April 29, 2012

Last sale price $895,000 $261 Per Sq Ft

90 Days on Market

Highlights

  • Spanish Architecture
  • Tile Flooring
  • Heating System Uses Natural Gas
  • Fremont Elementary School Rated A
  • Wood Siding

About This Home

As of April 2012

Six units in Belmont Heights. Four 1 bedroom 1 bath, each 1&1 have a 1 car garage. Two Studios. For the most part long term tenants. The 1 & 1's rent for $1,250 per mo. and the studios rent for $895 per mo. Laundry income was not included in GSI.

Last Agent to Sell the Property

Thomas Shelby

Keller Williams Realty License #01778087 Listed on: 03/18/2011

Last Buyer's Agent

Sam Manoukian

RE/MAX of Glendale

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 3,424 Sq Ft Home
  • Spanish Architecture
  • Spanish Tile Roof
  • Composition Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1-
  • Assessor Parcel Number 7256012003

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $800
  • Insurance Expense $900
  • Pest Control $300
  • Water Sewer Expense $500
  • New Taxes Expense $10,987
  • Gross Income $6,790
  • Net Operating Income $64,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 7.39
  • View: No
  • Water Sewer Expenses: 500.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 7256012003
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 261.39

Exterior Features

  • Pool Private: No
  • Roof: Clay, Composition, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 300.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 6790.00
  • Gross Multiplier: 10.79
  • Gross Scheduled Income: 81480.00
  • Insurance Expense: 900.00
  • Lot Size Area: 0.1900 Acres
  • Net Operating Income: 64980.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 16500.00

Tax Info

  • New Taxes Expense: 10987.00
  • Tax Lot: 1-

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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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2012 04/29/12 Sold $895,000 +1.8% $261 / Sq Ft
06/16/2011 06/16/11 Pending -- -- --
03/18/2011 03/18/11 For Sale $879,000 -- $257 / 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 $36,120 $2,879,916 $1,872,606 $1,007,310
2024 $36,120 $2,823,448 $1,835,889 $987,559
2023 $35,513 $2,768,088 $1,799,892 $968,196
2022 $33,304 $2,713,812 $1,764,600 $949,212
2021 $22,150 $1,777,728 $1,339,737 $437,991
2020 $22,094 $1,760,100 $1,326,000 $434,100
2019 $21,833 $1,725,600 $1,300,000 $425,600
2018 $12,816 $988,593 $767,213 $221,380
2016 $11,796 $949,629 $737,422 $212,207
2015 $11,328 $935,366 $726,346 $209,020
2014 $11,266 $917,044 $712,118 $204,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P774195

California Regional Multiple Listing Service (CRMLS)