NOT LISTED FOR SALE

Estimated Value: $1,727,000 - $1,988,000

6 Beds
4 Baths
2,638 Sq Ft
$722/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $1,340,000 $508 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $11,595/month

299 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Private Yard
  • Fremont Elementary School Rated A
  • Main Floor Primary Bedroom
  • Built-In Features

About This Home

As of November 2017

What a fantastic opportunity to purchase this great triplex in one of the best areas on the Long Beach Coast in Belmont Heights. The main house is a wonderful 3 bed/2 bath craftsman style home featuring hardwood floors, French doors, fireplace and functional vintage finishes. The main house also features a lock off that allows for a Mother-in-Law or Bachelor unit. In the back, you’ll find a fantastic revenue generating 2 bed/1 bath apartment as well as a 1 bed/1 bath apartment. The property features on site coin operated laundry services and a 2 – car garage. This spacious, over-sized 7122 sf corner lot is conveniently located to shopping, dining and blocks to the water. Come get your beach home today!

Last Agent to Sell the Property

Anthony F. Kelly

Coldwell Banker Realty License #01450642 Listed on: 09/07/2016

Coldwell Banker Realty

Last Buyer's Agent

Todd Turley

Coldwell Banker Realty License #01041359

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,229

Year Built

  • Built in 1956

Lot Details

  • 7,116 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Private Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,638 Sq Ft Home
  • Built-In Features
  • Crown Molding
  • French Doors
  • Living Room with Fireplace
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Floor Furnace

Listing and Financial Details

  • Tax Lot 7&8
  • Assessor Parcel Number 7256012010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $425
  • Gardener Expense $50
  • Insurance Expense $130
  • Professional Management Expense $350
  • Operating Expense $13,860
  • Gross Income $4,990
  • Net Operating Income $59,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,229

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 350.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 7256012010
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Crown Molding
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Fireplace Features: Living Room
  • Price Per Square Foot: 507.96
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Park Nearby, Sprinkler System, Near Public Transit, Yard
  • Lot Size Sq Ft: 7116.00
  • Price Per Lot Square Foot: 203.77

Rental Info

  • Garage Rental Rate: 100.00

Multi Family

  • Electric Expense: 425.00
  • Gross Income: 4990.00
  • Gross Multiplier: 19.66
  • Gross Scheduled Income: 73740.00
  • Insurance Expense: 130.00
  • Laundry Income: 50.00
  • Net Operating Income: 59880.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13860.00
  • Rent Control: No
  • Total Expenses: 13860.00

Tax Info

  • Tax Lot: 7&8
  • Tax Tract Number: e77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2017
Sold by
Fernandez Erik E
Bought by
Mitisek Andreas
Current Estimated Value
$1,905,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2006
Sold by
Dedomenico Matthew and Fernandez Erik E
Bought by
Fernandez Erik E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 6, 2005
Sold by
Dedomenico Rosimel
Bought by
Dedomenico Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 11, 2005
Sold by
Merriman John and Estate Of Frances L Merriman
Bought by
Dedomenico Matthew and Fernandez Erik E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Mitisek Andreas $1,340,000 Progressive Title
Mitisek Andreas -- Progressive Title
Fernandez Erik E -- Progressive Title
Fernandez Erik E -- Fatcola
Dedomenico Matthew -- None Available
Dedomenico Matthew $1,160,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mitisek Andreas $1,072,000
Previous Owner Fernandez Erik E $68,000
Previous Owner Dedomenico Matthew $68,000
Previous Owner Dedomenico Matthew $870,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2017 11/03/17 Sold $1,340,000 -0.7% $508 / Sq Ft
07/03/2017 07/03/17 Pending -- -- --
06/10/2017 06/10/17 Price Changed $1,350,000 -3.6% $512 / Sq Ft
05/22/2017 05/22/17 For Sale $1,400,000 +4.5% $531 / Sq Ft
05/17/2017 05/17/17 Off Market $1,340,000 -- --
04/29/2017 04/29/17 For Sale $1,400,000 +4.5% $531 / Sq Ft
04/26/2017 04/26/17 Off Market $1,340,000 -- --
03/07/2017 03/07/17 Price Changed $1,400,000 -3.4% $531 / Sq Ft
02/02/2017 02/02/17 For Sale $1,450,000 +8.2% $550 / Sq Ft
02/01/2017 02/01/17 Off Market $1,340,000 -- --
09/07/2016 09/07/16 For Sale $1,450,000 -- $550 / 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 $19,229 $1,524,686 $910,261 $614,425
2024 $19,229 $1,494,791 $892,413 $602,378
2023 $18,909 $1,465,482 $874,915 $590,567
2022 $17,740 $1,436,748 $857,760 $578,988
2021 $17,396 $1,408,578 $840,942 $567,636
2020 $17,352 $1,394,476 $832,320 $562,156
2019 $17,148 $1,367,140 $816,000 $551,140
2018 $16,712 $1,340,340 $800,000 $540,340
2016 $8,847 $723,150 $338,719 $384,431
2015 $8,493 $712,289 $333,632 $378,657
2014 $8,440 $698,337 $327,097 $371,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16196562

California Regional Multiple Listing Service (CRMLS)

APN: 7256-012-010