NOT LISTED FOR SALE

Estimated Value: $2,286,572 - $2,735,000

5 Beds
7 Baths
4,245 Sq Ft
$606/Sq Ft Est. Value

Last Sold December 21, 2023

Last sale price $6,150,000 $1,449 Per Sq Ft

Current estimated payment $15,623/month

137 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • No Heating
  • No HOA

About This Home

As of December 2023

Amazing ocean front property that can be utilized as a single family home or three separate units plus cabana (ADU). Ideally located on a corner lot with easy beach access. Unobstructed white water views from most rooms, huge glass enclosed deck with gas fire fit, gated garage. There are two (2 bedroom/2.5 bath units), one (1 bed/2 bath unit), and a studio ADU. Each unit has its own kitchen and private laundry. Interior connecting doors between the units allow you to use all the units as one residence or lock them to utilize the units separately. Two balconies reach across entire west side of home to enjoy spectacular views. Very versatile and popular vacation rental property.

Last Agent to Sell the Property

Lindsay Himmel

First Team Real Estate License #01949666 Listed on: 03/30/2023

First Team Real Estate

Co-Listed By

Sharon Whittlesey

First Team Real Estate License #01799355

Last Buyer's Agent

Terri Delhamer

GRE Land & Commercial RE License #01007118

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 4,820 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • 152-075-01-02, 152-075-01-03

Parking

  • 4 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,245 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 1520750101

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: R-1
  • Property Type: Residential Income
  • Parcel Number: 1520750101
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 1448.76

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Closet
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 152-075-01-02, 152-075-01-03
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4820.00
  • Lot Size Acres: 0.1107

Multi Family

  • Lot Size Area: 4820.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Refrigerator: 4
  • Rent Control: No

Tax Info

  • Tax Tract Number: Pm1588

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Dec 12, 2023
Sold by
T-1 Associates Llc
Bought by
Osde Vacay Llc
Seller's Agent
Lindsay Himmel
First Team Real Estate
Buyer's Agent
Terri Delhamer
GRE Land & Commercial RE
List Price
$6,495,000
Sold Price
$6,150,000
Premium/Discount to List
-$345,000
-5.31%
Views
379
Current Estimated Value
$2,646,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,503,918
Avg. Annual Appreciation
-34.62%
Original Mortgage
$1,764,750
Outstanding Balance
$1,735,457
Interest Rate
7.5%
Mortgage Type
Construction
Estimated Equity
$837,936

Purchase Details

Closed on
Aug 17, 2007
Sold by
Parrish Mark A and Parrish Rosemarie P
Bought by
T-1 Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Osde Vacay Llc $2,353,000 Ticor Title
T-1 Associates Llc $1,600,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osde Vacay Llc $1,764,750
Previous Owner T-1 Associates Llc $875,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2023 12/21/23 Sold $6,150,000 -5.3% $1,449 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $6,495,000 -- $1,530 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $23,082 $2,400,060 $2,073,660 $326,400
2024 $23,082 $2,060,301 $1,545,226 $515,075
2023 $22,372 $2,019,904 $1,514,928 $504,976
2022 $18,922 $1,700,000 $1,335,000 $365,000
2021 $19,376 $1,700,000 $1,335,000 $365,000
2020 $18,968 $1,700,000 $1,335,000 $365,000
2019 $18,782 $1,700,000 $1,335,000 $365,000
2018 $18,954 $1,700,000 $1,335,000 $365,000
2017 $18,979 $1,700,000 $1,335,000 $365,000
2016 $18,732 $1,700,000 $1,335,000 $365,000
2015 $15,210 $1,400,000 $1,100,000 $300,000
2014 $12,253 $1,150,000 $1,000,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2302319

California Regional Multiple Listing Service (CRMLS)

APN: 152-075-01-01