NOT LISTED FOR SALE

Estimated Value: $1,818,000 - $2,334,000

4 Beds
4 Baths
3,242 Sq Ft
$613/Sq Ft Est. Value

Last Sold August 19, 2014

Last sale price $991,000 $306 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $11,692/month

9 Days on Market

Highlights

  • No HOA
  • Outdoor Cooking Area
  • Space Heater
  • Fremont Elementary School Rated A
  • Laundry Room

About This Home

As of August 2014

Classic 1920's Belmont Heights 4-plex on a quiet street. Very desirable rental area. Walk to restaurants and shops on Broadway. Close to beach and Belmont Shore. Underground parking garage with five spaces with laundry area. Patio and BBQ area. Spacious one bedroom units with walk-in closets and lots of storage. Other features include hardwood floors (both downstairs units) and recent window, carpeting, vinyl, and fixture replacements (three of units). All units are occupied - please do not disturb tenants.

Last Agent to Sell the Property

Christopher Vella

Rossmoor Properties License #01424135 Listed on: 06/10/2014

Last Buyer's Agent

Cynthia Voss

Re/Max R. E. Specialists License #00881330

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,284

Year Built

  • Built in 1923

Lot Details

  • 3,051 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,242 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Space Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 6 / A
  • Tax Tract Number 5500
  • Assessor Parcel Number 7256012008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Outdoor Cooking Area
  • Picnic Area
  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $725
  • Insurance Expense $1,600
  • Trash Expense $200
  • Water Sewer Expense $1,000
  • New Taxes Expense $11,500
  • Gross Income $52,800
  • Net Operating Income $37,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,284

Year Built

Built in 1923

Lot Details

0

Parking

5

Listing Details

  • Inclusions: All landlord owned appliances in all units.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Gardener Expense: 725.00
  • Parcel Number: 7256012008
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 305.68

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Space Heater
  • Laundry Features: Community
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Outdoor Cooking Area, Picnic Area
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size Sq Ft: 3051.00
  • Lot Size Acres: 0.0700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 3051.0000 Square Feet
  • Net Operating Income: 37775.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15025.00
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Block: A
  • Tax Lot: 6
  • Tax Tract Number: 5500
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2014
Closed on
Aug 7, 2014
Sold by
Donaldson Brian C and Donaldson Karen E
Bought by
The James M Hester Family Trust
Seller's Agent
Christopher Vella
Rossmoor Properties
Buyer's Agent
Cynthia Voss
Re/Max R. E. Specialists
List Price
$949,000
Sold Price
$991,000
Premium/Discount to List
$42,000
4.43%
Current Estimated Value
$1,986,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$995,560
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
May 24, 2008
Sold by
Donaldson Brian C and Donaldson Karen E
Bought by
Donaldson Brian C and Donaldson Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,505
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2008
Sold by
Donaldson Brian C and Donaldson Karen E
Bought by
Donaldson Brian C and Donaldson Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,505
Interest Rate
5.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
The James M Hester Family Trust $991,000 Chicago Title Company
Donaldson Brian C -- None Available
Donaldson Brian C -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Donaldson Brian C $197,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2014 08/19/14 Sold $991,000 +4.4% $306 / Sq Ft
06/19/2014 06/19/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $949,000 -- $293 / 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 $15,284 $1,191,026 $950,659 $240,367
2024 $15,284 $1,167,673 $932,019 $235,654
2023 $15,025 $1,144,779 $913,745 $231,034
2022 $14,102 $1,122,333 $895,829 $226,504
2021 $13,816 $1,100,327 $878,264 $222,063
2019 $13,618 $1,067,693 $852,215 $215,478
2018 $13,283 $1,046,758 $835,505 $211,253
2016 $12,216 $1,006,112 $803,062 $203,050
2015 $11,724 $991,000 $791,000 $200,000
2014 $1,482 $77,751 $42,176 $35,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14122130

California Regional Multiple Listing Service (CRMLS)

APN: 7256-012-008