NOT LISTED FOR SALE

Estimated Value: $1,556,000 - $1,962,000

4 Beds
4 Baths
1,931 Sq Ft
$901/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $1,500,000 $777 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $11,136/month

35 Days on Market

Highlights

  • Property is near a park
  • Granite Countertops
  • Neighborhood Views
  • Lowell Elementary School Rated A-
  • No HOA
  • Galley Kitchen

About This Home

As of July 2021

Wonderful Belmont Shore quadruplex located just half a block from the ocean. This charming property offers 4 attractive studio units and a 2-car garage. The location does not get much better than this with just a short distance to the beach and to 2nd. St. with all the amazing restaurants and shops. This coastal 4 plex has much to offer with spacious kitchens, granite counter tops, plenty of closet space, updated bathrooms, built-in dressing areas and some come with attached murphy beds. Light and bright, this is the perfect income property to own in Belmont Shore.

Last Agent to Sell the Property

Allan Willey

Turtle Rock Realty Inc License #00992304 Listed on: 05/28/2021

Last Buyer's Agent

Jeff Warren

Compass License #02040656

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,065

Year Built

  • Built in 1947

Lot Details

  • 2,250 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Garage Door Opener

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 4 Bathrooms
  • 1,931 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Blinds
  • Window Screens
  • Neighborhood Views

Kitchen

  • Galley Kitchen
  • Gas Cooktop
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Wall Furnace
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, taxes, trash collection
  • Legal Lot and Block 19 / 20
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247020017

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,065

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: Refrigerator, Stove
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7247020017
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Granite Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 776.80
  • Room Type: Galley Kitchen, Kitchen
  • Window Features: Blinds, Screens

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage Door Opener, On Site, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Phone Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 2250.00
  • Lot Size Acres: 0.0517

Rental Info

  • Garage Rental Rate: 400.00
  • Tenant Pays: Cable TV, Electricity, Gas, Taxes, Trash Collection

Multi Family

  • Garage Income: 400.00
  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Lot Size Area: 2250.0000 Square Feet
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: Yes
  • Total Actual Rent: 5600.00

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 5773.00
  • Tax Lot: 19
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Jun 14, 2021
Sold by
Woods Gerald D
Bought by
Garcia Candida Gloria and Garcia Wilfredo
Seller's Agent
Allan Willey
Turtle Rock Realty Inc
Buyer's Agent
Jeff Warren
Compass
List Price
$1,399,000
Sold Price
$1,500,000
Premium/Discount to List
$101,000
7.22%
Current Estimated Value
$1,740,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,406
Avg. Annual Appreciation
3.54%
Original Mortgage
$700,000
Outstanding Balance
$636,517
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,096,429

Purchase Details

Closed on
Jul 20, 2010
Sold by
Day John R
Bought by
Woods Gerald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2007
Sold by
Day John R
Bought by
Day John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2005
Sold by
Day John R and Day Kemery
Bought by
Day John R

Purchase Details

Closed on
Jun 6, 2003
Sold by
Day John R and Day Kemery
Bought by
The Day Family Trust

Purchase Details

Closed on
Jan 30, 2003
Sold by
Day John R and Day Kemery
Bought by
Day John R and Day Kemery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,600
Interest Rate
5.97%

Purchase Details

Closed on
May 31, 2000
Sold by
Day John R and Day Kemery
Bought by
Day John R and Day Kemery

Purchase Details

Closed on
Feb 12, 1999
Sold by
Family Trust Smith Gary D And Agnes R Trs Smi
Bought by
Day John R and Day Kemery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.91%
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
Garcia Candida Gloria $1,500,000 First American Title Company
Woods Gerald D $700,000 North American Title Company
Day John R -- Fidelity National Title Co
Day John R -- --
The Day Family Trust -- --
Day John R -- Fidelity National Title
Day John R -- --
Day John R $325,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Candida Gloria $700,000
Previous Owner Woods Gerald D $525,000
Previous Owner Day John R $180,000
Previous Owner Day John R $180,000
Previous Owner Day John R $258,600
Previous Owner Day John R $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $1,500,000 +7.2% $777 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $1,399,000 -- $724 / 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 $20,065 $1,591,812 $1,061,208 $530,604
2024 $20,065 $1,560,600 $1,040,400 $520,200
2023 $19,726 $1,530,000 $1,020,000 $510,000
2022 $18,501 $1,500,000 $1,000,000 $500,000
2021 $10,497 $828,518 $650,981 $177,537
2020 $10,470 $820,603 $644,306 $176,297
2019 $10,347 $804,525 $631,673 $172,852
2018 $10,086 $788,763 $619,288 $169,475
2016 $9,286 $757,580 $595,242 $162,338
2015 $8,914 $746,201 $586,301 $159,900
2014 $8,860 $731,585 $574,817 $156,768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21115162

California Regional Multiple Listing Service (CRMLS)

APN: 7247-020-017