NOT LISTED FOR SALE
6 Beds
5 Baths
4,268 Sq Ft
4,855 Sq Ft Lot Lot

Sale Details

Date Sold: September 10, 2014

Last sale price $1,375,000 $322 Per Sq Ft

6 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating
  • Naples Bayside Academy Rated A
  • Laundry Room

About This Home

As of September 2014

In the heart of Belmont Shore, just 1/2 block from the Pacific Ocean, stands this terrific 5 unit on a over-sized lot - approximately 61 x 80. The single level Owner's Unit is over 1500 Sq Ft large with a LR, Formal DR, Den, 2 BD, 1 BA, in-unit Laundry Rm, hardwood floors, loads of storage, AND a private patio. Two 1 BD units are above the owner's unit. Also two additional 1 BD units are over 5 garages. All 1 BD units share a community laundry. The one BD units have their own patio to enjoy. This investment property is PERFECT for an owner occupant, with great income from the four 1 BDs. This is one outstanding investment opportunity - don't let your Buyers let this one get away!

Last Agent to Sell the Property

Mary Nimocks

Sandpiper Properties License #00580178 Listed on: 06/22/2014

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,855 Sq Ft Lot
  • Lot Dimensions are 56x90
  • Property fronts an alley
  • 1 Common Wall

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,268 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 8,9 / 24
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247022005

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $635
  • Gardener Expense $1,081
  • Insurance Expense $1,147
  • Maintenance Expense $2,636
  • Professional Management Expense $4,680
  • Water Sewer Expense $1,001
  • New Taxes Expense $15,125
  • Gross Income $6,645
  • Net Operating Income $66,459

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

4,855 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • Inclusions: All stoves, refrigerators
  • Professional Management Expense: 4680.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 1001.00
  • Property Type: Residential Income
  • Gardener Expense: 1081.00
  • Parcel Number: 7247022005
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 322.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size: 56x90
  • Lot Size Sq Ft: 4855.00
  • Lot Size Acres: 0.1110

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 1500
  • Electric Expense: 635.00
  • Gross Income: 6645.00
  • Gross Scheduled Income: 80040.00
  • Insurance Expense: 1147.00
  • Lot Size Area: 4855.0000 Square Feet
  • Maintenance Expense: 2636.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 66459.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Disposal: 5
  • Number With Patio: 2
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 11180.00
  • Operating Expense Percent: 14.00
  • Rent Control: No
  • Total Actual Rent: 6645.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15125.00
  • Tax Block: 24
  • Tax Lot: 8,9
  • Tax Tract Number: 3750
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/10/2014 09/10/14 Sold $1,375,000 0.0% $322 / Sq Ft
06/28/2014 06/28/14 Pending -- -- --
06/22/2014 06/22/14 For Sale $1,375,000 -- $322 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,116 $1,652,534 $1,201,846 $450,688
2024 $21,170 $1,620,132 $1,178,281 $441,851
2023 $20,814 $1,588,366 $1,155,178 $433,188
2022 $19,535 $1,557,223 $1,132,528 $424,695
2021 $19,142 $1,526,690 $1,110,322 $416,368
2019 $18,869 $1,482,310 $1,077,391 $404,919
2018 $18,372 $1,453,264 $1,056,266 $396,998
2016 $16,897 $1,395,968 $1,015,250 $380,718
2015 $16,215 $1,375,000 $1,000,000 $375,000
2014 -- $182,356 $107,377 $74,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14132282

California Regional Multiple Listing Service (CRMLS)
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