NOT LISTED FOR SALE

Estimated Value: $1,487,000 - $1,656,773

6 Beds
4 Baths
3,048 Sq Ft
$521/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $930,000 $305 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $9,505/month

11 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Neighborhood Views
  • Fremont Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of June 2015

This beautiful Spanish style fourplex is located in the Belmont Heights historic district. The property features two front units with laundry hook-up, original built-ins and hardwood flooring. On-site laundry and five one-car garages allow for additional income. The property has been well maintained by Owner and shows great pride of ownership as evidenced by excellent long-term tenants. Minutes to the beach, golf courses, and major University, this is a great investment to add to your portfolio. (For driving directions, please use 684 Loma Ave)

Last Agent to Sell the Property

Ngoc Tien

Advantage Property Finance Group License #01808044 Listed on: 06/03/2015

Last Buyer's Agent

Natasha Schultheis

Coldwell Banker Realty License #01277420

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,501 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Property Attached
  • Spanish Tile Roof
  • Adobe

Interior Spaces

  • 3,048 Sq Ft Home
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 23
  • Tax Tract Number 5771
  • Assessor Parcel Number 7254024025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Water Sewer Expense $600
  • New Taxes Expense $11,400
  • Gross Income $5,100
  • Net Operating Income $45,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7254024025
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl, Wood
  • Fireplace Features: Living Room

Exterior Features

  • View: Neighborhood
  • Fencing: Block
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Adobe

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 6501.00
  • Price Per Lot Square Foot: 143.05
  • Lot Size Acres: 0.1490

Rental Info

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

Multi Family

  • Gross Income: 5100.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 45780.00
  • Number Of Rented Garages: 4
  • 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
  • Operating Expense: 13800.00
  • Rent Control: No
  • Total Actual Rent: 4500.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11400.00
  • Tax Lot: 23
  • Tax Tract Number: 5771
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2017
Sold by
Stolpman Thomas G and Stolpman Marilyn H
Bought by
Stolpman Thomas G and Stolpman Marilyn H
Current Estimated Value
$1,586,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$754,100
Outstanding Balance
$621,176
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$965,767

Purchase Details

Closed on
Mar 31, 2015
Sold by
The Lynette R Waltner Reovcable Trust
Bought by
Stolpman Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$744,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 1994
Sold by
Waltner Lynette R
Bought by
Lynette R Waltner Revocable Trust
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
Stolpman Thomas G -- Chicago Title
Stolpman Family Trust $930,000 Wfg National Title
Lynette R Waltner Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stolpman Thomas G $754,100
Previous Owner Stolpman Family Trust $744,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2015 06/15/15 Sold $930,000 -2.1% $305 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $950,000 -- $312 / 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 $14,478 $1,117,713 $781,199 $336,514
2024 $14,478 $1,095,798 $765,882 $329,916
2023 $14,283 $1,074,313 $750,865 $323,448
2022 $13,365 $1,053,249 $736,143 $317,106
2021 $13,095 $1,032,598 $721,709 $310,889
2019 $12,909 $1,001,972 $700,303 $301,669
2018 $12,524 $982,326 $686,572 $295,754
2016 $11,522 $944,182 $659,912 $284,270
2015 $2,111 $134,530 $67,265 $67,265
2014 -- $131,896 $65,948 $65,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15059313

California Regional Multiple Listing Service (CRMLS)

APN: 7254-024-025