NOT LISTED FOR SALE

Estimated Value: $1,738,000 - $2,142,175

7 Beds
5 Baths
3,600 Sq Ft
$542/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $1,568,000 $436 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,958/month

48 Days on Market

Highlights

  • Property has ocean access
  • Detached Guest House
  • Peek-A-Boo Views
  • Lowell Elementary School Rated A-
  • Primary Bedroom Suite
  • Wood Flooring

About This Home

As of May 2021

Fantastic Spanish Duplex just steps off the beach. Beautifully remodeled duplex with a non-conforming third unit over garages.
Harwood floors throughout, original spanish tile bathrooms in excellent condition. Beautifully remodeled kitchens each unit has 3 bedrooms, 2 baths, formal dining rooms. Both front units have indoor laundry.
Walking to anything and everything from beach to pier to Von's. New windows, plumbing and electrical throughout. Tankless water heaters and 3 garages. peek a boo ocean view from upstairs.

Last Agent to Sell the Property

Todd Turley

Coldwell Banker Realty License #01041359 Listed on: 02/16/2021

Coldwell Banker Realty

Last Buyer's Agent

Bill Bennett

Realty One Group West License #00994622

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 3,128 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • No Landscaping

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Spanish Architecture
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Adobe

Interior Spaces

  • 3,600 Sq Ft Home
  • Double Pane Windows
  • Wood Flooring
  • Peek-A-Boo Views
  • Laundry Room

Kitchen

  • Gas Range
  • Stone Countertops

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom Suite
  • 5 Bathrooms

Outdoor Features

  • Property has ocean access
  • Balcony

Additional Features

  • Detached Guest House
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 8 / 2
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256038006

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Belmont Shore Subdivision

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $3,000
  • Trash Expense $700
  • Water Sewer Expense $2,000
  • New Taxes Expense $22,000
  • Operating Expense $28,200
  • Gross Income $51,000
  • Net Operating Income $64,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR4R
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7256038006
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Stone Counters, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 435.56
  • Room Type: Master Suite
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Guest House Detached
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Spanish Tile
  • Construction Materials: Adobe

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 3128.00
  • Lot Size Acres: 0.0718

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1400 Square Feet
  • Electric Expense: 500.00
  • Gross Income: 51000.00
  • Gross Scheduled Income: 93000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 3128.0000 Square Feet
  • Net Operating Income: 64800.00
  • 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: 28200.00
  • Rent Control: No
  • Total Expenses: 28200.00
  • Waterfront Features: Ocean Access

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Block: 2
  • Tax Census Tract: 5773.00
  • Tax Lot: 8
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2024
Sold by
Dorothy May Trust and May Cyril
Bought by
Frazier Daniel F and Frazier David W
Current Estimated Value
$1,949,544

Purchase Details

Listed on
Dec 1, 2015
Closed on
Apr 27, 2016
Sold by
Lb Ocean Properties Llc
Bought by
Heneghan Daniel
Seller's Agent
Anne Marie Reggie
Y Realty
Buyer's Agent
Todd Turley
Coldwell Banker Realty
List Price
$1,195,000
Sold Price
$1,120,000
Premium/Discount to List
-$75,000
-6.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$840,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 17, 2013
Sold by
Dorbayan Thomas A
Bought by
Lb Ocean Properties Llc

Purchase Details

Closed on
Mar 21, 2007
Sold by
Dorbayan Thomas
Bought by
Dorbayan Thomas Alireza and Cyrus Family Trust

Purchase Details

Closed on
May 19, 2006
Sold by
Dorbayan Thomas Alireza and The Cyrus Family Trust
Bought by
Dorbayan Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2005
Sold by
Dorbayan Thomas
Bought by
The Cyrus Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2005
Sold by
May Dorothy and The Dorothy May Trust
Bought by
Dorbayan Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,000
Interest Rate
3.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frazier Daniel F -- None Listed On Document
Heneghan Daniel $1,120,000 Chicago Title
Lb Ocean Properties Llc -- None Available
Dorbayan Thomas A -- None Available
Dorbayan Thomas Alireza -- None Available
Dorbayan Thomas -- North American Title Co
The Cyrus Family Trust -- New Century Title Company
Dorbayan Thomas $1,088,000 New Century Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heneghan Daniel $840,000
Previous Owner Dorbayan Thomas $910,000
Previous Owner Dorbayan Thomas $816,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2021 05/12/21 Sold $1,568,000 -4.7% $436 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/26/2021 03/26/21 Price Changed $1,645,000 -2.9% $457 / Sq Ft
02/16/2021 02/16/21 For Sale $1,695,000 +51.3% $471 / Sq Ft
05/02/2016 05/02/16 Sold $1,120,000 -6.3% $398 / Sq Ft View Prior Sale
03/12/2016 03/12/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $1,195,000 -- $425 / 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 $21,170 $1,697,252 $1,082,432 $614,820
2024 $21,170 $1,663,973 $1,061,208 $602,765
2023 $20,821 $1,631,347 $1,040,400 $590,947
2022 $19,527 $1,599,360 $1,020,000 $579,360
2021 $15,066 $1,224,881 $874,916 $349,965
2020 $15,026 $1,212,322 $865,945 $346,377
2019 $14,850 $1,188,552 $848,966 $339,586
2018 $18,550 $1,165,248 $832,320 $332,928
2016 $14,872 $1,255,990 $611,834 $644,156
2015 $14,263 $1,237,125 $602,644 $634,481
2014 $14,149 $1,212,893 $590,840 $622,053
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21032374

California Regional Multiple Listing Service (CRMLS)

APN: 7256-038-006