NOT LISTED FOR SALE

Estimated Value: $1,371,451 - $1,579,000

4 Beds
2 Baths
1,520 Sq Ft
$960/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $730,000 $480 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $8,542/month

8 Days on Market

Highlights

  • Wood Frame Window
  • Bungalow
  • Rectangular Lot
  • Laundry Room
  • 2 Car Garage
  • Wood Fence

About This Home

As of November 2017

Duplex property consisting of a 2-bedroom, 1-bathroom front unit and a 2-bedroom, 1-bathroom rear unit over the 2-car garage. The property is nearby local beaches, shopping, schools, and freeway access. The property has very good upside potential - remodel existing units and raise rents or build new single-family residence. Common laundry room next to garage.

Last Agent to Sell the Property

Ben Lara

American Pacific Realty License #00879626 Listed on: 10/18/2017

Last Buyer's Agent

Susan Holts

Coldwell Banker Realty License #01020350

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,173

Year Built

  • Built in 1945

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Bungalow
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 418
  • Assessor Parcel Number 1520351200

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Fuel Expense $480
  • Insurance Expense $600
  • Trash Expense $540
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,646
  • Operating Expense $12,466
  • Gross Income $38,400
  • Net Operating Income $25,934

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,173

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: RS
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1520351200
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 480.26
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 5000.00

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 2000.00
  • Fuel Expense: 480.00
  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 600.00
  • Net Operating Income: 25934.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 12466.00
  • Rent Control: No
  • Total Expenses: 12466.00

Tax Info

  • New Taxes Expense: 7646.00
  • Tax Area: 07000
  • Tax Census Tract: 182.00
  • Tax Lot: 9
  • Tax Tract Number: 418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2017
Closed on
Nov 2, 2017
Sold by
Halpern Marc D
Bought by
Kithara Properties Llc
Seller's Agent
Ben Lara
American Pacific Realty
Buyer's Agent
Susan Holts
Coldwell Banker Realty
List Price
$699,000
Sold Price
$730,000
Premium/Discount to List
$31,000
4.43%
Current Estimated Value
$1,459,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$729,863
Avg. Annual Appreciation
8.37%
Original Mortgage
$547,500
Interest Rate
3.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Oct 18, 2017
Closed on
Oct 27, 2017
Sold by
Soli Lisa A
Bought by
Halpern Marc D
Seller's Agent
Ben Lara
American Pacific Realty
Buyer's Agent
Susan Holts
Coldwell Banker Realty
List Price
$699,000
Sold Price
$730,000
Premium/Discount to List
$31,000
4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
3.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 20, 2016
Sold by
Soli Lisa A
Bought by
Soli Lisa A

Purchase Details

Closed on
May 3, 2004
Sold by
Scaramella Ricci L and Scaramella Kathleen
Bought by
Soli Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 4, 2003
Sold by
Scaramella Ricci
Bought by
Scaramella Ricci L and Scaramella Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2003
Sold by
Scaramella Ricci
Bought by
Scaramella Ricci and Banhagel Matthew K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 5, 2003
Sold by
Scaramella Kathleen S
Bought by
Scaramella Ricci

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 7, 2003
Sold by
Sarsilmaz Lisa Rick and Rick Lisa Ann
Bought by
Sarsilmaz Lisa Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
5.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 19, 2000
Sold by
Rick George E and Serres Rick Deborah A
Bought by
Rick Lisa Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.98%

Purchase Details

Closed on
Sep 18, 2000
Sold by
Rick Jennifer A
Bought by
Rick George E and Serres Rick Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.98%

Purchase Details

Closed on
Mar 22, 1990

Purchase Details

Closed on
May 8, 1987
Source: Public Records

Range of Values:

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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
Kithara Properties Llc -- Accommodation
Halpern Marc D -- First American Title Company
Halpern Marc D $730,000 First American Title Company
Soli Lisa A -- Accommodation
Soli Lisa A $670,000 First American Title
Scaramella Ricci L -- First American Title
Scaramella Ricci -- --
Scaramella Ricci -- First American Title
Scaramella Ricci $486,000 First American Title
Sarsilmaz Lisa Rick -- Chicago Title Co
Sarsilmaz Lisa Rick -- Chicago Title Co
Rick Lisa Ann $265,000 Chicago Title Co
Rick George E -- Chicago Title Co
-- $245,000 --
-- $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kithara Properties Llc $712,500
Closed Kithara Properties Llc $547,500
Previous Owner Soli Lisa A $115,000
Previous Owner Soli Lisa A $80,000
Previous Owner Scaramella Ricci $364,500
Previous Owner Rick Lisa Ann $263,000
Previous Owner Rick Lisa Ann $244,500
Previous Owner Rick Lisa Ann $50,000
Previous Owner Rick Lisa Ann $230,000
Previous Owner Rick Lisa Ann $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $730,000 +4.4% $480 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $699,000 -- $460 / 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 $9,173 $830,609 $659,938 $170,671
2024 $9,173 $814,324 $646,999 $167,325
2023 $8,891 $798,358 $634,313 $164,045
2022 $8,757 $782,705 $621,876 $160,829
2021 $8,791 $767,359 $609,683 $157,676
2020 $8,520 $759,492 $603,432 $156,060
2019 $8,273 $744,600 $591,600 $153,000
2018 $8,185 $730,000 $580,000 $150,000
2017 $7,972 $710,000 $476,000 $234,000
2016 $6,548 $590,000 $396,000 $194,000
2015 $6,454 $590,000 $396,000 $194,000
2014 $6,327 $590,000 $396,000 $194,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17239120

California Regional Multiple Listing Service (CRMLS)

APN: 152-035-12