$3,050,000
SOLD MAY 19, 2022
4 Beds
5 Baths
3,138 Sq Ft
2,563 Sq Ft Lot

Recently Sold

$972 Per Sq Ft

3% Below List Price

190 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Wood Flooring
  • Naples Bayside Academy Rated A
  • Across the Road from Lake or Ocean
  • Balcony

About This Home

As of October 2024

Enjoy Spectacular Ocean views from each level of this highly upgraded & spacious Belmont Shore Duplex located in the hub of all this fantastic beach community has to offer. Remodeled in 2008, both units feature gorgeous Brazilian cherry wood floors, open floorplans, chef’s kitchens upgraded with granite countertops, custom cabinetry, high end stainless steel appliances, beautiful travertine accented baths & individual inside laundry. The larger split level unit offers a 2nd level Great Room with coastline vistas from the amazing balcony, two en suite bedrooms, an unbelievable top floor bonus/game room with access to a cool “crow’s nest” observation room adjacent a cozy sitting area with fireplace, Murphy bed for extra sleeping options just off another generous deck with awe inspiring views and AN ELEVATOR! The smaller unit is accessed from a great main floor deck with more water views, a gracious living area with one bedroom & bath downstairs and the others upstairs. Additional amenities include central heat & air conditioning, recessed lighting, crown molding and 2-two car finished tandem garages with direct access into each unit. Steps to the Beach & just a short distance to Alamitos Bay and wonderful dining & shopping on 2nd St, this special property is perfect for the savvy investor, an owner occupant (live in one, rent out the other) or easily converted into a single family residence.

Last Agent to Sell the Property

Sue La Bounty

First Team Real Estate License #01161648 Listed on: 10/01/2021

First Team Real Estate

Last Buyer's Agent

Ann Grigoryan

Radius Agent Realty License #01491523

Radius Agent Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,873

Year Built

  • Built in 1923

Lot Details

  • 2,563 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 3,138 Sq Ft Home
  • 3-Story Property
  • Bonus Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Exterior Lighting

Location

  • Across the Road from Lake or Ocean
  • Urban Location
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 36 / 24
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247022023
  • $459 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Belmont Shore Subdivision
  • Valley

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,873

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 1574500
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Zoning: LBR4R
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7247022023
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Fireplace Features: Bonus Room
  • Levels: Three Or More
  • Price Per Square Foot: 971.96

Exterior Features

  • View: Catalina, City Lights, Coastline, Ocean, Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2563.00
  • Lot Size Acres: 0.0588

Multi Family

  • Lot Size Area: 2563.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Tax Info

  • Tax Block: 24
  • Tax Census Tract: 5773.00
  • Tax Lot: 36
  • Tax Tract Number: 3750
  • TaxOtherAnnualAssessmentAmount: 459.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2024
Sold by
7636 Foothill Blvd Llc
Bought by
Digrazia Morea Family Trust and Digrazia
Current Estimated Value
$2,886,634

Purchase Details

Closed on
Nov 17, 2022
Sold by
Ekimyan Sedrak
Bought by
7636 Foothill Blvd Llc

Purchase Details

Closed on
Jun 22, 2005
Sold by
Alex Mark Nicholas and Alex Rose Marie Spinoso
Bought by
Peterson Michael R and Peterson Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 14, 1996
Sold by
Alex Mark Nicholas and Spinoso Rosa Marie
Bought by
Alex Mark Nicholas and Alex Rose Marie Spinoso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
7.01%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 18, 1993
Sold by
Roeber Gary F and Roeber Christy B
Bought by
Alex Mark Nicholas and Spinoso Rose Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $2,850,000 Lawyers Title
Gift Deed -- Lawyers Title
Grant Deed $920,000 --
Interfamily Deed Transfer -- Fidelity National Title Ins
Grant Deed $310,000 World Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,010,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $1,000,000 Unknown
Previous Owner $736,000 Negative Amortization
Previous Owner $238,500 Balloon
Previous Owner $248,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2024 10/17/24 Sold $2,850,000 0.0% $895 / Sq Ft
06/30/2024 06/30/24 Pending -- -- --
06/15/2024 06/15/24 For Sale $2,850,000 -6.6% $895 / Sq Ft
05/19/2022 05/19/22 Sold $3,050,000 -3.1% $972 / Sq Ft
04/09/2022 04/09/22 Pending -- -- --
10/01/2021 10/01/21 For Sale $3,149,000 -- $1,004 / 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 $39,873 $2,500,517 $1,787,447 $713,070
2024 $39,873 $3,173,220 $2,059,992 $1,113,228
2023 $39,217 $3,111,000 $2,019,600 $1,091,400
2022 $18,129 $1,483,044 $527,977 $955,067
2021 $17,780 $1,453,966 $517,625 $936,341
2019 $17,526 $1,410,842 $502,273 $908,569
2018 $17,092 $1,383,179 $492,425 $890,754
2016 $15,717 $1,329,470 $473,304 $856,166
2015 $15,073 $1,309,501 $466,195 $843,306
2014 $14,951 $1,283,850 $457,063 $826,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21217075

California Regional Multiple Listing Service (CRMLS)

APN: 7247-022-023