$1,120,000
SOLD NOV 15, 2019
5 Beds
4 Baths
2,325 Sq Ft
4,238 Sq Ft Lot

Recently Sold

$482 Per Sq Ft

1% Below List Price

96 Days on Market

Highlights

  • Corner Lot
  • Fremont Elementary School Rated A
  • Laundry Room

About This Home

As of August 2022

Gorgeous Corner lot duplex right in the heart of Belmont Heights! Fantastic opportunity to live in one and rent out the other. Great property layout with garages separating units, ideal for privacy. Two bedroom 1 bath unit opens to fenced in tranquil courtyard with fountain. Amazing layout with light and bright kitchen, and spacious bedrooms with closet world closets. Glass windows and doors have UV coating to bring in light while still keep unit cool on warm days. Two Story second unit boasts large living room with fireplace, two good sized bedrooms downstairs and two baths. Upstairs has a large den currently being used as an office that leads to a large Master bedroom with en suite! Great upstairs sun deck that spans the length of the master with views of the heights. Close to Second Street, award winning schools, and Cal State LB.

Last Agent to Sell the Property

Frank Colonna

Colonna & Co., Realty License #00338298 Listed on: 06/26/2019

Co-Listed By

Laurel Lucas

Colonna & Co., Realty License #01425980

Last Buyer's Agent

Zachary Metheny

Keller Williams Realty License #02002501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,749

Year Built

  • Built in 1963

Lot Details

  • 4,238 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 2,325 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 24 / A
  • Tax Tract Number 577603
  • Assessor Parcel Number 7250004031

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,650
  • Trash Expense $240
  • Water Sewer Expense $996
  • New Taxes Expense $14,200
  • Operating Expense $17,067
  • Gross Income $46,800
  • Net Operating Income $41,918

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,749

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 996.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7250004031
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 481.72

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4238.00
  • Lot Size Acres: 0.0973

Multi Family

  • Gross Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1650.00
  • Lot Size Area: 4238.0000 Square Feet
  • Net Operating Income: 41918.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4882.00
  • Rent Control: No
  • Total Expenses: 17067.00

Tax Info

  • New Taxes Expense: 14200.00
  • Tax Block: A
  • Tax Census Tract: 5776.03
  • Tax Lot: 24
  • Tax Tract Number: 577603

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2022
Closed on
Jul 19, 2022
Sold by
Deon Carbajal
Bought by
Weilimi Family Living Trust
Seller's Agent
Zachary Metheny
Keller Williams Realty
Buyer's Agent
Tom Schick
Realty Source, Inc
List Price
$1,529,000
Sold Price
$1,510,000
Premium/Discount to List
-$19,000
-1.24%
Views
1
Current Estimated Value
$1,691,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,288
Avg. Annual Appreciation
3.52%
Original Mortgage
$1,057,000
Outstanding Balance
$1,011,907
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$664,582

Purchase Details

Listed on
Jun 26, 2019
Closed on
Nov 12, 2019
Sold by
Metheny Zachary Ryan
Bought by
Metheny Kelsey Jean
Seller's Agent
Frank Colonna
Colonna & Co., Realty
Buyer's Agent
Zachary Metheny
Keller Williams Realty
List Price
$1,135,000
Sold Price
$1,120,000
Premium/Discount to List
-$15,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Original Mortgage
$896,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2019
Closed on
Oct 1, 2019
Sold by
Kennard Michael S and Miramontes Elizabeth J
Bought by
Carbajal Deon and Metheny Kelsey Jean
Seller's Agent
Frank Colonna
Colonna & Co., Realty
Buyer's Agent
Zachary Metheny
Keller Williams Realty
List Price
$1,135,000
Sold Price
$1,120,000
Premium/Discount to List
-$15,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2006
Sold by
Kennard Michael J
Bought by
Kennard Michael S and Miramontes Elizabeth J

Purchase Details

Closed on
Jul 6, 2004
Sold by
Kennard Michael S
Bought by
Kennard Michael J and Kennard Jennifer B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2001
Sold by
Kennard Michael
Bought by
Kennard Michael S and Miramontes Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.95%

Purchase Details

Closed on
Nov 9, 2000
Sold by
Kennard Elizabeth M
Bought by
Kennard Michael and Kennard Elizabeth M

Purchase Details

Closed on
May 19, 2000
Sold by
Kennard Michael S
Bought by
Kennard Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 21, 1997
Sold by
Hovard Meri
Bought by
Hovard Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,600
Interest Rate
8.15%

Purchase Details

Closed on
Mar 26, 1997
Sold by
Hovard Robert R
Bought by
Kennard Michael S and Kennard Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,600
Interest Rate
8.15%

Purchase Details

Closed on
Dec 28, 1996
Sold by
Nero Loree
Bought by
Hovard Robert R

Purchase Details

Closed on
Nov 28, 1994
Sold by
Day Carol L
Bought by
Nero Loree and Williamson Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
9.23%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,510,000 First American Title Company O
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed $1,120,000 Stewart Title Of Ca Inc
Grant Deed -- None Available
Interfamily Deed Transfer -- Orange Coast Title Los Angel
Interfamily Deed Transfer -- Orange Coast Title
Interfamily Deed Transfer -- Orange Coast Title
Gift Deed -- Orange Coast Title
Interfamily Deed Transfer -- Orange Coast Title
Interfamily Deed Transfer -- Fidelity National Title Ins
Grant Deed $302,000 Fidelity National Title Ins
Grant Deed $302,000 Fidelity National Title Ins
Grant Deed $280,000 North American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,057,000 New Conventional
Previous Owner $896,000 New Conventional
Previous Owner $690,000 Adjustable Rate Mortgage/ARM
Previous Owner $713,998 Unknown
Previous Owner $60,000 Credit Line Revolving
Previous Owner $529,000 New Conventional
Previous Owner $48,000 Unknown
Previous Owner $435,000 No Value Available
Previous Owner $40,000 Unknown
Previous Owner $360,000 No Value Available
Previous Owner $343,200 Unknown
Previous Owner $40,000 Balloon
Previous Owner $301,600 No Value Available
Previous Owner $224,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $1,510,000 -1.2% $649 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
07/03/2022 07/03/22 For Sale $1,529,000 +36.5% $658 / Sq Ft
11/15/2019 11/15/19 Sold $1,120,000 -1.3% $482 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $1,135,000 -- $488 / 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 $19,749 $1,571,004 $1,019,592 $551,412
2024 $19,749 $1,540,200 $999,600 $540,600
2023 $19,419 $1,510,000 $980,000 $530,000
2022 $14,227 $1,154,233 $752,313 $401,920
2021 $13,952 $1,131,602 $737,562 $394,040
2019 $5,802 $440,913 $277,399 $163,514
2018 $5,594 $432,268 $271,960 $160,308
2016 $5,138 $415,484 $261,400 $154,084
2015 $4,934 $409,244 $257,474 $151,770
2014 $4,905 $401,229 $252,431 $148,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19150387

California Regional Multiple Listing Service (CRMLS)

APN: 7250-004-031