NOT LISTED FOR SALE

Estimated Value: $1,480,000 - $1,823,000

4 Beds
3 Baths
2,278 Sq Ft
$726/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2012

Last sale price $770,000 $338 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $10,739 / mo

88 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Burning Fireplace
  • No Heating
  • Lowell Elementary School Rated A-
  • Carpet

About This Home

As of October 2012

Located in beautiful Belmont Shore, just a block from the beach and an easy walk to popular 2nd Street. A great place to park the car and enjoy the amenities Belmont Shore has to offer. Both units have an open floor plan with a fire place in each unit. The upstairs has a front balcony and a deck off the back. Easy to rent because it has garages, extra parking, laundry hookups and best of all a desirable beachside location.

Last Agent to Sell the Property

Alice Markle

Realty One Group Diamond License #01398566 Listed on: 06/13/2012

Last Buyer's Agent

Charles Ramsdell

Keller and Associates Realty/P License #00649514

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,157 Sq Ft Lot
  • Property fronts an alley

Parking

  • 3 Parking Spaces

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 2,278 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Legal Lot and Block 16 / 10
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256035016

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $208
  • Pest Control $584
  • New Taxes Expense $10,312
  • Gross Income $3,325
  • Net Operating Income $37,911

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

3,157 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.77
  • Road Frontage Type: Alley
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7256035016
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Fireplace Features: Electric, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 338.02

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 584.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3157.00
  • Lot Size Acres: 0.0720

Rental Info

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

Multi Family

  • Average2 Bed Area: 1100
  • Electric Expense: 208.00
  • Gross Income: 3325.00
  • Gross Multiplier: 19.92
  • Gross Scheduled Income: 39900.00
  • Lot Size Area: 3157.0000 Square Feet
  • Net Operating Income: 37911.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Refrigerator: 2
  • Operating Expense: 792.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10312.00
  • Tax Area: 5500
  • Tax Block: 10
  • Tax Lot: 16
  • Tax Tract Number: 3750

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Belmont Shore, CA

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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
10/25/2012 10/25/12 Sold $770,000 -6.7% $338 / Sq Ft
09/09/2012 09/09/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $825,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P825456

California Regional Multiple Listing Service (CRMLS)

APN: 7256-035-016

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