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

Sale Details

Date Sold: September 21, 2012

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

372 Days on Market

Highlights

  • White Water Ocean Views
  • Traditional Architecture
  • Wood Siding
  • Ocean Side of Freeway
  • Sliding Doors
  • Carpet

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

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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

1,750 Sq Ft Lot

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

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

Closed on
Jul 11, 2012
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
$500,000
Interest Rate
2.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 1994
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 1994
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
$1,200,000 Orange Coast Title Company O
-- First American Title Ins Co
-- First American Title Ins Co
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
Previous Owner $500,000
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
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

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 $16,048 $1,507,262 $1,318,861 $188,401
2025 $15,791 $1,477,708 $1,293,001 $184,707
2024 $15,791 $1,448,734 $1,267,648 $181,086
2023 $15,418 $1,420,328 $1,242,792 $177,536
2022 $15,158 $1,392,479 $1,218,424 $174,055
2021 $14,870 $1,365,176 $1,194,533 $170,643
2020 $14,727 $1,351,178 $1,182,284 $168,894
2019 $14,428 $1,324,685 $1,159,102 $165,583
2018 $14,142 $1,298,711 $1,136,374 $162,337
2017 $13,894 $1,273,247 $1,114,093 $159,154
2016 $13,585 $1,248,282 $1,092,248 $156,034
2015 $13,455 $1,229,532 $1,075,841 $153,691
2014 $13,139 $1,205,448 $1,054,767 $150,681
Source: Public Records

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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

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