$2,785,000
SOLD JUL 25, 2025
4 Beds
9 Baths
9,354 Sq Ft
6,418 Sq Ft Lot

Recently Sold

$298 Per Sq Ft

3% Above List Price

27 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Community Lake
  • Spanish Architecture
  • Fremont Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of July 2025

Classic Spanish 14 units prime Belmont Heights location near 4th & Ximeno Ave. Units consist of 8-1 Br 1 Ba unit and 6 studio apartments. Individual gas meters and master metered for electrical service. Classic Spanish charm and decor throughout. 4 garages. Expenses shown are annual from 2024 (except new prop taxes are included). Located on transit route, near Fremont Elementary and a short distance to 4th St. Retro Row and Colorado Lagoon. Rents shown are actual. Attractive cap rate for multi-family properties in this quality location. First time offered in over forty years!

Last Agent to Sell the Property

John Gooding

Vista Sotheby's Int'l Realty Brokerage Phone: 562 756-6500 License #00479227 Listed on: 05/21/2025

Vista Sotheby's Int'l Realty

Last Buyer's Agent

Cory Bergamini

COAR Advisors License #02143616

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 6,418 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Home Design

  • Spanish Architecture
  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation
  • Tile Roof
  • Flat Tile Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 9,354 Sq Ft Home
  • 2-Story Property
  • Wood Frame Window
  • Casement Windows
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 9 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for gas, trash collection
  • Legal Lot and Block 7 / B
  • Tax Tract Number 1
  • Assessor Parcel Number 7255037020
  • $2,462 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 14 Units
  • Belmont Heights Subdivision
  • Community Lake
  • Property is near a preserve or public land

Recreation

  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,521
  • Gardener Expense $1,317
  • Insurance Expense $5,509
  • Maintenance Expense $24,551
  • Professional Management Expense $9,600
  • Supplies Expense $2,000
  • Water Sewer Expense $6,354
  • New Taxes Expense $32,340
  • Operating Expense $91,624
  • Gross Income $3,000
  • Net Operating Income $161,456

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.99
  • Professional Management Expense: 9600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Gravel
  • Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • Supplies Expense: 2000.00
  • View: No
  • Water Sewer Expenses: 6354.00
  • Zoning: LBR3T
  • Architectural Style: Spanish
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1317.00
  • Parcel Number: 7255037020
  • Year Built: 1931
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 297.73
  • Window Features: Casement Windows, Wood Frames

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat, Flat Tile, Tile
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Laundry: No
  • Electric: Electricity - On Property
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Hiking, Gutters, Lake, Park, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 6418.00
  • Lot Size Acres: 0.1473

Rental Info

  • Tenant Pays: Gas, Trash Collection

Multi Family

  • Electric Expense: 8521.00
  • Gross Income: 3000.00
  • Gross Multiplier: 9.88
  • Gross Operating Income: 253080.00
  • Gross Scheduled Income: 266400.00
  • Gross Spendable Income: 161456.00
  • Insurance Expense: 5509.00
  • Lot Size Area: 6418.0000 Square Feet
  • Maintenance Expense: 24551.00
  • Maintenance Percent: 0.09
  • Net Operating Income: 161456.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Number With Carpet: 14
  • Operating Expense: 91624.00
  • Other Income1: 50.00
  • Rent Control: Yes
  • Total Actual Rent: 22200.00
  • Total Expenses: 91624.00
  • Vacancy Allowance Rate: 5.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 32340.00
  • Tax Block: B
  • Tax Census Tract: 5771.00
  • Tax Lot: 7
  • Tax Tract Number: 00001
  • TaxOtherAnnualAssessmentAmount: 2462.00

Range of Values:

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Value Increase
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Percent Increase
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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
07/25/2025 07/25/25 Sold $2,785,000 +3.3% $298 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
05/21/2025 05/21/25 For Sale $2,695,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25109228

California Regional Multiple Listing Service (CRMLS)