NOT LISTED FOR SALE
4 Beds
4 Baths
2,304 Sq Ft
5,227 Sq Ft Lot

Last Sold May 07, 2015

Last sale price $1,070,000 $464 Per Sq Ft

6 Days on Market

Highlights

  • Floor Furnace
  • Del Mar High School Rated A-
  • 1-Story Property

About This Home

As of May 2015

Great 4 unit property. 2 bedroom house and one studio. Including 2 separate one bedroom cottages. Walking distance to schools, transportation,and shopping. This property has been upgraded with new plumbing,new electrical, new roof, major foundation repairs, new windows, new landscaping, new exterior and interior paint. Look at the income, This property is fabulous for cash flow. 2009,2015,2019 Olive St are included in the sale and are the other 3 addresses for the property.

Last Agent to Sell the Property

Anthony Peterson

AMP Properties Inc. License #01244916 Listed on: 03/14/2015

Last Buyer's Agent

Jorge Gosalvez

Intero Real Estate Services License #00811940

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 5,227

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,304 Sq Ft Home
  • 1-Story Property

Parking

  • 1 Carport Space
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Floor Furnace
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $78,480

Community Details

Overview

  • 2,304 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Utility Expense $1,500
  • Trash Expense $1,500
  • Operating Expense $18,898
  • Gross Income $78,480

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Zoning: R1-N2
  • Subclass: Fourplex
  • Age: 95
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2304
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Living Sq Ft: 2304
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Off-Street Parking, On Street
  • Carport Min: 1

Utilities

  • Heating System: Electric, Floor Furnace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5663.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5663.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 12.73
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expenses Total: 18898
  • Expenses Utility: 1500
  • Expense Trash: 1500
  • Income Annual Gross: 78480.00
  • Income Annual Rental: 78480
  • Income Gross Scheduled: 78480
  • Income Includes: Lease
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2015 05/07/15 Sold $1,070,000 +7.1% $464 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
03/14/2015 03/14/15 For Sale $999,088 +53.7% $434 / Sq Ft
03/03/2014 03/03/14 Sold $650,000 -3.7% $282 / Sq Ft
01/28/2014 01/28/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $675,000 -- $293 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81455116

MLSListings

APN: 274-19-055