NOT LISTED FOR SALE

Estimated Value: $1,638,585 - $1,958,000

2 Beds
1 Bath
2,337 Sq Ft
$773/Sq Ft Est. Value

Last Sold December 30, 2015

Last sale price $1,120,000 $479 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $10,632/month

9 Days on Market

Highlights

  • Fishing
  • All Bedrooms Downstairs
  • Laundry Room
  • Lowell Elementary School Rated A-
  • No HOA
  • 2 Car Garage

About This Home

As of December 2015

58 Park Avenue is a Spanish style Belmont Shore duplex featuring two charming 2 bedroom one bathroom units. Each unit offers beautiful hardwood floors throughout, well maintained kitchen and baths and classic Spanish architecture. Each unit has its own private one car garage ,private backyard for the downstairs unit and a great 20x20 patio deck upstairs to sit and enjoy the ocean breeze or possibly expand to a 3rd bedroom. This property is conveniently located just 600 steps from the beach where you can enjoy swimming, bicycling or just a nice day playing volleyball or taking an evening stroll. You are also just steps away from 2nd street where you will enjoy many family restaurants,entertainment, boutique stores, coffee shops and more. These homes never have a problem finding great tenants. Great units for a owner occupied or investor. See you soon at 58 Park Avenue.

Last Agent to Sell the Property

SALVADOR RAMOS

VANGUARD REAL ESTATE Listed on: 10/07/2015

Last Buyer's Agent

Lorri Quiett

Vylla Home, Inc. License #01371114

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 2,896 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 2,337 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247019005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Fishing

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,100
  • Water Sewer Expense $75
  • New Taxes Expense $15,900
  • Gross Income $4,500
  • Net Operating Income $55,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

2,896 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 75.00
  • Property Type: Residential Income
  • Parcel Number: 7247019005
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 479.25
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 2896.00
  • Price Per Lot Square Foot: 386.74
  • Lot Size Acres: 0.0660

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1168
  • Gross Income: 4500.00
  • Gross Scheduled Income: 56000.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 2896.0000 Square Feet
  • Net Operating Income: 55100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 900.00
  • Rent Control: No
  • Waterfront Features: Fishing in Community

Tax Info

  • New Taxes Expense: 15900.00
  • Tax Lot: 5
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2015
Sold by
Tornatore Frank L and Tornatore Denise A
Bought by
Michaels Bradley K and Alarid Olga
Current Estimated Value
$1,797,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2001
Sold by
Kolsky Steven D and Kolsky Jon M
Bought by
Tornatore Frank L and Tornatore Denise A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 22, 2001
Sold by
Kolsky Deanna L
Bought by
Kolsky Jon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
7.05%

Purchase Details

Closed on
Jan 27, 1998
Sold by
Kolsky Allan H and Kolsky Georgianna
Bought by
Kolsky Steven D and Kolsky Jon M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Michaels Bradley K $1,120,000 Title365 Company Inc
Tornatore Frank L $570,000 Gateway Title
Kolsky Jon M -- Gateway Title
Kolsky Steven D -- Gateway Title
Kolsky Steven D -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michaels Bradley K $840,000
Previous Owner Tornatore Frank L $351,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2015 12/30/15 Sold $1,120,000 -5.1% $479 / Sq Ft
10/16/2015 10/16/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $1,180,000 -- $505 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,610 $1,325,847 $1,065,414 $260,433
2024 $16,610 $1,299,851 $1,044,524 $255,327
2023 $16,335 $1,274,365 $1,024,044 $250,321
2022 $15,321 $1,249,378 $1,003,965 $245,413
2021 $15,026 $1,224,881 $984,280 $240,601
2019 $14,811 $1,188,552 $955,087 $233,465
2018 $14,437 $1,165,248 $936,360 $228,888
2016 $13,197 $1,120,000 $900,000 $220,000
2015 $8,206 $700,633 $490,445 $210,188
2014 $8,147 $686,909 $480,838 $206,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15220504

California Regional Multiple Listing Service (CRMLS)

APN: 7247-019-005

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