NOT LISTED FOR SALE

Estimated Value: $1,387,000 - $1,597,000

5 Beds
3 Baths
2,891 Sq Ft
$530/Sq Ft Est. Value

Sale Details

Date Sold: October 13, 2023

Last sale price $1,445,000 $500 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,886 / mo

34 Days on Market

Highlights

  • In Ground Pool
  • Golf Course View
  • Wood Flooring
  • Fremont Elementary School Rated A
  • Property is near park
  • 4-minute walk to Recreation Park

About This Home

As of October 2023

Excellent opportunity to own a triplex with a pool in a highly desirable Belmont Heights neighborhood! With a total of 5 bedrooms, 3 bathrooms, and a generous 2,891 SF, this triplex is a true gem. All units separately metered for gas and electricity. All units are currently occupied, photos of the units on MLS are from 2020 & 2022 before they were rented. Minutes away from Woodrow Wilson High School, Blair Field, Recreation Area, California State University, Colorado Lagoon, Marina Vista Park, shopping center, restaurant and transportation links. The property is under rent control subject to California Assembly Bill 1482. Property is being sold AS IS and WHERE IS with current tenant in place. Buyer to conduct their own investigations.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 07/27/2023

Last Buyer's Agent

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1932

Lot Details

  • 5,124 Sq Ft Lot
  • Fenced
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Lawn
  • Front Yard
  • Property is zoned LBR1N

Parking

  • 3 Car Attached Garage

Property Views

  • Golf Course
  • Park or Greenbelt

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Spanish Tile Roof
  • Wood Siding

Interior Spaces

  • 2,891 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Open Patio
  • Rain Gutters

Location

  • Property is near park
  • City Lot

Utilities

  • Window Unit Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 7241-017-007

Community Details

Overview

  • 3 Units
  • Ingenious Asset Group, Inc. Association

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Year Built

Built in 1932

Lot Details

5,124 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Excellent opportunity to own a triplex with a pool in a highly desirable Belmont Heights neighborhood! With a total of 5 bedrooms, 3 bathrooms, and a generous 2,891 SF, this triplex is a true gem. All units separately metered for gas and electricity. All units are currently occupied, photos of the units on MLS are from 2020 & 2022 before they were rented. Minutes away from Woodrow Wilson High School, Blair Field, Recreation Area, California State University, Colorado Lagoon, Marina Vista Park, shopping center, restaurant and transportation links. The property is under rent control subject to California Assembly Bill 1482. Property is being sold AS IS and WHERE IS with current tenant in place. Buyer to conduct their own investigations.
  • Exclusions: Any and all equipment belonging to the tenant(s).
  • Living Area: 2891
  • Lot Acreage: 0.1176
  • Year Built: 1932
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Crown Moldings, Recessed Lighting
  • Fireplace Rooms: Living Room
  • Flooring: Tile, Wood
  • Appliances: Gas/Electric Range, Microwave, Cooktop - Gas, Range Hood, Oven
  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub, Tub Only, Shower Stall
  • Kitchen Features: Counter Top
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Range/Oven, Washer
  • Price Per S Q F T: 482.53
  • Windows: French Windows

Exterior Features

  • Construction: Concrete, Wood Siding
  • Other Features: Rain Gutters, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Patio Open
  • Pool Description: In Ground
  • Pool: Yes
  • Roof: Flat, Spanish Tile
  • Spa Yn: No
  • View: Golf Course, Park, Walk Street
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Garage - 3 Car, Garage Is Attached, Covered Parking
  • Total Parking: 3

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Window Unit(s), Ceiling Fan
  • Heating: Fireplace
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Ingenious Asset Group, Inc.
  • Mgmt Co Phone: 3102072288|

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 30.11
  • Assessed Improvement Value: 324908
  • Assessed Land Percent: 69.89
  • Assessed Land Value: 754258
  • Total Assessed Value: 1079166
  • Assessor Parcel Number: 7241-017-007
  • Lot Description: Fenced, Front Yard, Gutters, Lawn, Lot Shape-Rectangular, Lot-Level/Flat, Walk Street
  • Lot Location: City, Flats, Park Nearby
  • Lot Size Area: 5124

Rental Info

  • Total Actual Rent: 6625.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.55
  • Number Of Units: 3
  • Type Of Units: Residential
  • Vacancy Allow: 3975
  • Vacancy Allow Percent: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Oct 2, 2023
Sold by
Leimert Land Llc and Leimert Investment Company
Bought by
Salaben Revocable Trust and Salaben
Seller's Agent
Vinny Jain
Ingenious Asset Group, Inc.
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$1,395,000
Sold Price
$1,445,000
Premium/Discount to List
$50,000
3.58%
Views
227
Current Estimated Value
$1,522,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,137
Avg. Annual Appreciation
2.27%
Original Mortgage
$945,000
Outstanding Balance
$926,627
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$606,249

Purchase Details

Listed on
Jul 26, 2012
Closed on
Mar 26, 2013
Sold by
Harris Patricia Fahey and Leavitt Sharon White
Bought by
Leimert Land Llc and Leimert Investment Company
Seller's Agent
MLS Department
Out Of Area
Buyer's Agent
Guillermo Rodriguez
Guillermo Rodriguez, Broker
List Price
$1,150,000
Sold Price
$930,000
Premium/Discount to List
-$220,000
-19.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Jun 29, 2001
Sold by
Harris Patricia F and Leavitt Sharon White
Bought by
Harris Patricia Fahey and Leavitt Sharon White
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
Salaben Revocable Trust $1,445,000 Old Republic Title Company
Leimert Land Llc $930,000 First American Title Company
Harris Patricia Fahey -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open Salaben Revocable Trust $945,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2023 10/13/23 Sold $1,445,000 +3.6% $500 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $1,395,000 +50.0% $483 / Sq Ft
03/29/2013 03/29/13 Sold $930,000 -19.1% $283 / Sq Ft View Prior Sale
03/22/2013 03/22/13 Pending -- -- --
07/26/2012 07/26/12 For Sale $1,150,000 -- $349 / Sq Ft
Source: The MLS

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 $19,585 $1,473,900 $892,500 $581,400
2024 $18,612 $1,445,000 $875,000 $570,000
2023 $14,372 $1,100,749 $769,343 $331,406
2022 $13,488 $1,079,166 $754,258 $324,908
2021 $13,219 $1,058,007 $739,469 $318,538
2020 $13,185 $1,047,159 $731,887 $315,272
2019 $13,031 $1,026,628 $717,537 $309,091
2018 $12,682 $1,006,499 $703,468 $303,031
2016 $11,663 $967,417 $676,152 $291,265
2015 $11,192 $952,886 $665,996 $286,890
2014 $11,113 $934,222 $652,951 $281,271
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-293817

The MLS

APN: 7241-017-007

Your Personal Tour Guide

Ask me questions while you tour the home.