NOT LISTED FOR SALE
4 Beds
3 Baths
2,049 Sq Ft
5,401 Sq Ft Lot

Sale Details

Date Sold: January 6, 2020

Last sale price $1,850,000 $903 Per Sq Ft

489 Days on Market

Highlights

  • Granite Countertops
  • Entertainment System
  • Forced Air Heating System
  • 2 Car Detached Garage
  • Tandem Parking
  • Washer and Dryer

About This Home

As of January 2020

Bay View Triplex! Bay views from all 3 units! One of a kind! Pride of Ownership! Totally remodeled in 2014! New tile roof! New Dbl Pn Windows! New plumbing and electrical! All new granite kitchens and marble baths, hardwood floors, custom cabinets and appliances! EVERYTHING! One 2 bedroom 1 bath unit. Two 1 bedroom 1 bath units. 3 single car garages and 1 carport. Great location! Walk to town and the beach! Everything has been done with a custom touch. Live in one unit and rent out the other two. 2 bedroom unit is a short term rental and 2 one bedrooms are 30+ day rental. Income and Expense records available upon request. All three units are furnished with custom furniture, flat screen tv's outside. BBQ off Monarch Suite.

Last Agent to Sell the Property

Stephen Poletti

eXp Realty of California Inc License #00482426 Listed on: 07/03/2018

eXp Realty of California Inc

Last Buyer's Agent

Whiz Lindsey

Sotheby’s International Realty License #01276877

Sotheby’s International Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 5,401 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 1 Carport Space
  • Tandem Parking
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,049 Sq Ft Home
  • 2-Story Property
  • Entertainment System
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $125,196

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $2,500
  • Manager Expense $21,000
  • Other Expense $9,565
  • Utility Expense $9,455
  • Operating Expense $53,520
  • Gross Income $125,196

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

5,401 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2049
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Hood Over Range, Hookups - Gas, Microwave, Oven - Electric, Oven - Self Cleaning, Oven Range - Built-In, Gas, Refrigerator
  • Living Sq Ft: 2049
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter, Wood Frame
  • Roof: Tile
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Carport, Detached Garage, Gate / Door Opener, On Street, Tandem Parking
  • Carport Min: 1

Utilities

  • Heating System: Central Forced Air, Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Video / Audio System

Lot Info

  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Rental Info

  • Gross Rent Multiplier: 15.14
  • Number Of Leased: 3

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 2500
  • Expense Management: 21000
  • Expenses Other: 9565
  • Expenses Total: 53520
  • Expenses Utility: 9455
  • Income Annual Gross: 125196.00
  • Income Annual Rental: 125196
  • Income Gross Scheduled: 125196
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Cable Tv, Fee - Professional Services, Fee - Property Management, Maintenance, Services - Gardener, Services - Janitor, Services - Sewer, Services - Trash Removal, Telephone, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2018
Closed on
Dec 30, 2019
Sold by
Bought by
Seller's Agent
Stephen Poletti
eXp Realty of California Inc
Buyer's Agent
Whiz Lindsey
Sotheby’s International Realty
List Price
$2,195,000
Sold Price
$1,850,000
Premium/Discount to List
-$345,000
-15.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Outstanding Balance
$615,205
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2019
Sold by
Bought by

Purchase Details

Listed on
Sep 16, 2013
Closed on
Dec 20, 2013
Sold by
Bought by
Seller's Agent
Christine Monteith
The Jones Group-Coast & Country Real Estate
Buyer's Agent
Stephen Poletti
Poletti & Comp.
List Price
$999,000
Sold Price
$919,000
Premium/Discount to List
-$80,000
-8.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,250
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 16, 2013
Closed on
Nov 18, 2013
Sold by
Bought by
Seller's Agent
Christine Monteith
The Jones Group-Coast & Country Real Estate
Buyer's Agent
Stephen Poletti
Poletti & Comp.
List Price
$999,000
Sold Price
$919,000
Premium/Discount to List
-$80,000
-8.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,250
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
2.55%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 10, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2003
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,850,000 Chicago Title Company
-- None Available
-- Chicago Title Company
$919,000 Chicago Title Company
-- None Available
-- Fidelity Title
-- Fidelity Title
-- --
-- --
-- --
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 $715,000
Previous Owner $689,250
Previous Owner $938,250
Previous Owner $122,000
Previous Owner $100,000
Source: Public Records

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 Prior Sale
01/06/2020 01/06/20 Sold $1,850,000 -15.7% $903 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
07/03/2018 07/03/18 For Sale $2,195,000 +138.8% $1,071 / Sq Ft
12/20/2013 12/20/13 Sold $919,000 0.0% $444 / Sq Ft View Prior Sale
12/05/2013 12/05/13 Pending -- -- --
09/25/2013 09/25/13 Off Market $919,000 -- --
09/16/2013 09/16/13 For Sale $999,000 -- $483 / Sq Ft
Source: MLSListings

Tax 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.

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
2026 $22,246 $2,064,005 $1,227,068 $836,937
2025 $21,176 $2,023,541 $1,203,008 $820,533
2024 $21,176 $1,983,570 $1,179,420 $804,150
2023 $21,432 $1,944,678 $1,156,295 $788,383
2022 $20,998 $1,906,548 $1,133,623 $772,925
2021 $20,891 $1,869,166 $1,111,396 $757,770
2020 $11,471 $1,030,398 $616,491 $413,907
2019 $11,108 $1,010,201 $604,403 $405,798
2018 $10,888 $990,400 $592,552 $397,848
2017 $10,712 $970,987 $580,934 $390,053
2016 $10,738 $951,955 $569,544 $382,411
2015 $10,565 $937,661 $560,989 $376,672
2014 $10,346 $919,300 $550,000 $369,300
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81774390

MLSListings

APN: 006-123-002

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