NOT LISTED FOR SALE

Estimated Value: $1,471,000 - $1,879,000

6 Beds
7 Baths
3,509 Sq Ft
$498/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $1,575,000 $449 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,025/month

4 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Heating Available
  • Fremont Elementary School Rated A

About This Home

As of June 2021

Welcome to Belmont Heights! Beautiful Triplex in the perfect location! Parking will never be an issue! Total 5 car garages and located in a cul-de-sac with plenty of street parking. Located around the corner from the Colorado Lagoon, 10 minute bike ride to 2nd street and the marina. Unit #3 is 3bdr 2bth with 2 car attached garage with laundry room inside. Unit #2 is 2 bdr 2 bth with 2 car garage. Unit #1 is 1 bdr 2 bth with loft that can be 2nd bedroom and 1 car garage. Units 1 and 2 share the coin laundry. New roof installed 2020. Outside was painted Dec. 2020.

Last Agent to Sell the Property

April Tario

KELLER WILLIAMS PREMIER PROPER License #01888959 Listed on: 05/06/2021

KELLER WILLIAMS PREMIER PROPER

Last Buyer's Agent

HUGO LAM

BROADWAY REALTY, INC. License #02037911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,597

Year Built

  • Built in 1977

Lot Details

  • 5,482 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 3,509 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 577
  • Assessor Parcel Number 7250017063

Community Details

Overview

  • 3 Units
  • Belmont Heights Subdivision

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $800
  • Insurance Expense $2,000
  • Water Sewer Expense $800
  • Operating Expense $4,400
  • Net Operating Income $81,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,597

Year Built

Built in 1977

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.06
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 800.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7250017063
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Levels: Multi/Split
  • Price Per Square Foot: 448.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5482.00
  • Lot Size Acres: 0.1258

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 800.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5482.0000 Square Feet
  • Net Operating Income: 81000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 6950.00
  • Total Expenses: 4400.00

Tax Info

  • Tax Census Tract: 5776.03
  • Tax Lot: 1
  • Tax Tract Number: 577...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 14, 2021
Sold by
Nikki Precious Llc
Bought by
Juliana L Lam Revocable Living Trust and Lam
Seller's Agent
April Tario
KELLER WILLIAMS PREMIER PROPER
Buyer's Agent
HUGO LAM
BROADWAY REALTY, INC.
List Price
$1,599,999
Sold Price
$1,575,000
Premium/Discount to List
-$24,999
-1.56%
Current Estimated Value
$1,746,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,872
Avg. Annual Appreciation
3.84%
Original Mortgage
$945,000
Outstanding Balance
$859,298
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$990,326

Purchase Details

Closed on
Jun 4, 2014
Sold by
Stevenson Richard Bruce
Bought by
Nikki Precious Llc

Purchase Details

Closed on
May 18, 2005
Sold by
Stevenson Richard Bruce
Bought by
Stevenson Pacita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2005
Sold by
Brouillette Robert M
Bought by
Stevenson Pacita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2004
Sold by
Brouillette Robert M and Brizendine Richard C
Bought by
Brouillette Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 1999
Sold by
Spiegel Mark A and Spiegel Diane C
Bought by
Brouillette Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
2.9%
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
Juliana L Lam Revocable Living Trust $1,575,000 First American Title Company O
Nikki Precious Llc -- None Available
Stevenson Pacita L -- Itc
Stevenson Pacita L $1,280,000 Itc Gln
Brouillette Robert M -- United Title Company Orange
Brouillette Robert M -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juliana L Lam Revocable Living Trust $945,000
Previous Owner Stevenson Pacita L $960,000
Previous Owner Stevenson Pacita L $960,000
Previous Owner Brouillette Robert M $750,000
Previous Owner Brouillette Robert M $150,000
Previous Owner Brouillette Robert M $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $1,575,000 -1.6% $449 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $1,599,999 -- $456 / 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 $21,597 $1,704,829 $1,082,432 $622,397
2024 $21,597 $1,671,402 $1,061,208 $610,194
2023 $21,120 $1,638,630 $1,040,400 $598,230
2022 $19,814 $1,606,500 $1,020,000 $586,500
2021 $14,832 $1,189,127 $832,391 $356,736
2020 $14,793 $1,176,935 $823,856 $353,079
2019 $14,620 $1,153,858 $807,702 $346,156
2018 $14,229 $1,131,234 $791,865 $339,369
2016 $13,081 $1,087,309 $761,117 $326,192
2015 $12,552 $1,070,978 $749,685 $321,293
2014 $11,893 $1,000,000 $611,200 $388,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21091407

California Regional Multiple Listing Service (CRMLS)

APN: 7250-017-063