NOT LISTED FOR SALE
-- Bed
-- Bath
1,866 Sq Ft
1,750 Sq Ft Lot

Last Sold September 21, 2012

Last sale price $1,200,000 $643 Per Sq Ft

372 Days on Market

Highlights

  • White Water Ocean Views
  • Ocean Side of Freeway
  • Sliding Doors
  • Newport Elementary School Rated A
  • Traditional Architecture
  • Wood Siding

About This Home

As of September 2012

ALMOST OCEANFRONT--One house to the Sand! Ocean Views from both units. Prime 100 block location. Spacious 3 Bedroom/ 2Bath upper unit has an open floor plan with vaulted ceiling and fireplace. Lower: 2 Bedroom/1.5 baths with fireplace and private patio. Current low rentals of - Upper: $2,600Mo Lower: $1,900Mo. Well maintained. Great rental area. Close to pier, shopping and restaurants.

Last Agent to Sell the Property

Don Chambers

Coldwell Banker Res. Brokerage License #00664304 Listed on: 08/10/2011

Last Buyer's Agent

Roderick Graham

Coldwell Banker Res. Brokerage License #01421713

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 1,750 Sq Ft Lot
  • Lot Dimensions are 25x70

Parking

  • 2 Car Garage
  • Side Facing Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,866 Sq Ft Home
  • Raised Hearth
  • Fireplace Features Masonry
  • Sliding Doors
  • White Water Ocean Views

Kitchen

  • Gas Oven or Range
  • Range

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Ocean Side of Freeway

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 32
  • Assessor Parcel Number 04709318

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $16,503
  • Gross Income $4,500
  • Net Operating Income $52,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 3.65
  • View: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 04709318
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Door Features: Sliding Doors
  • Fireplace Features: Raised Hearth, Masonry
  • Levels: Two
  • Price Per Square Foot: 643.09

Exterior Features

  • Foundation: Block, Slab
  • View: Ocean, White Water
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Gas Water Heater, Range
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 25x70
  • Lot Size Sq Ft: 1750.00
  • Lot Size Acres: 0.0400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4500.00
  • Gross Multiplier: 26.76
  • Gross Scheduled Income: 54000.00
  • Lot Size Area: 1750.0000 Square Feet
  • Net Operating Income: 52800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1200.00
  • Other Expense Description: 1200
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 16503.00
  • Tax Lot: 32

Range of Values:

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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
09/21/2012 09/21/12 Sold $1,200,000 -25.5% $643 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
08/10/2011 08/10/11 For Sale $1,610,000 -- $863 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11003465

California Regional Multiple Listing Service (CRMLS)

APN: 047-093-18