NOT LISTED FOR SALE
9 Beds
8 Baths
4,219 Sq Ft
7,841 Sq Ft Lot

Last Sold December 31, 2015

Last sale price $1,500,000 $356 Per Sq Ft

6 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Washer and Dryer
  • Del Mar High School Rated A-
  • Coin Laundry
  • Level Lot

About This Home

As of December 2015

Excellent opportunity to own income property in a highly desirable area. Located on a quiet cul-de-sac near Campbell and easy access to light rail, this building has a wonderful 3 bedroom, 2 bath owners unit with private patio and attached 2-car garage. All other units are 2 bedroom, 1.5 baths. All units have large master bedrooms with walk-in closets. Laundry and storage rooms with 6 car garage total with openers.

Last Agent to Sell the Property

James Balestieri

Coldwell Banker Realty License #00711631 Listed on: 11/04/2015

Coldwell Banker Realty

Last Buyer's Agent

Anthony Reeser

Grobecker Holland Intl Inc. License #01420150

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 4,219 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $72,557

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $2,500
  • Maintenance Expense $5,000
  • Manager Expense $5,000
  • Other Expense $1,675
  • Utility Expense $850
  • Trash Expense $145
  • Operating Expense $27,570
  • Gross Income $65,751

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

6

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4219
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: 220 Volt Outlet, Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 4219
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Laminate
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Masonry, Wood Frame

Garage/Parking

  • Garage Spaces: 6
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7853.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7853.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 20.46
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 2500
  • Expense Landscape: 900
  • Expense Maintenance: 5000
  • Expense Management: 5000
  • Expenses Other: 1675
  • Expenses Total: 27570
  • Expenses Utility: 850
  • Expense Trash: 145
  • Income Annual Gross: 65751.00
  • Income Annual Rental: 72557
  • Income Gross Scheduled: 73057
  • Income Includes: Laundry, Rents
  • Income Other: 500
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener, Services - Sewer, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 10

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
12/31/2015 12/31/15 Sold $1,500,000 +0.3% $356 / Sq Ft
11/11/2015 11/11/15 Pending -- -- --
11/04/2015 11/04/15 For Sale $1,495,000 -- $354 / 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: ML81521530

MLSListings

APN: 282-11-030