NOT LISTED FOR SALE

Estimated Value: $1,686,847 - $2,147,000

6 Beds
6 Baths
3,772 Sq Ft
$508/Sq Ft Est. Value

Last Sold September 27, 2012

Last sale price $940,000 $249 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $11,420/month

59 Days on Market

Highlights

  • Ocean Side of Freeway
  • Peek-A-Boo Views
  • Tile Countertops
  • Woodrow Wilson High School Rated A
  • Spanish Architecture
  • Carpet

About This Home

As of September 2012

Only one short block from the OCEAN, this excellent 6 unit investment property is located in the Bluff Park Historical District, one of the city's most beautiful neighborhoods. Easy to rent. 4 one's in front and 2 studios over 4 garages in back with a lovely, shaded courtyard/patio in between. Peek-a-boo ocean view from the front units.

Last Agent to Sell the Property

Lisa Broder

Think Boutiq Real Estate License #00917329 Listed on: 05/29/2012

Last Buyer's Agent

Dave Sterud

David Curtis Sterud, Broker License #01745962

David Curtis Sterud, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,914

Parking

  • 4 Parking Spaces

Home Design

  • Spanish Architecture
  • Stucco

Interior Spaces

  • 3,772 Sq Ft Home
  • Carpet
  • Peek-A-Boo Views
  • Tile Countertops

Additional Features

  • Ocean Side of Freeway
  • 4,914 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 2 / 77
  • Assessor Parcel Number 7264012033

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Gardener Expense $480
  • Insurance Expense $2,500
  • Maintenance Expense $840
  • Pest Control $250
  • Professional Management Expense $3,008
  • Supplies Expense $300
  • Water Sewer Expense $933
  • New Taxes Expense $12,487
  • Gross Income $5,730
  • Net Operating Income $48,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.81
  • Professional Management Expense: 3008.00
  • Supplies Expense: 300.00
  • View: Yes
  • Water Sewer Expenses: 933.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7264012033
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 249.20

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 250.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4914.00
  • Lot Size Acres: 0.1130

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 5730.00
  • Gross Multiplier: 14.53
  • Gross Scheduled Income: 68760.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 4914.0000 Square Feet
  • Maintenance Expense: 840.00
  • Net Operating Income: 48060.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Number With Patio: 1
  • Operating Expense: 20700.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 12487.00
  • Tax Area: 5500
  • Tax Block: 77
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2013
Sold by
Sterud David C and Sterud Jennifer L
Bought by
Sterud David C and Sterud Jennifer L
Current Estimated Value
$1,916,924

Purchase Details

Closed on
Apr 12, 2006
Sold by
Dortch George W and English Marilyn
Bought by
Vonheydenreich Richard J and Von Heydenreich Heather J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 2, 1999
Sold by
Rainey James D and Rainey Judith L
Bought by
Dortch George W and Webb Edward T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.77%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Sterud David C -- Accommodation
Vonheydenreich Richard J $1,055,000 Natc
Dortch George W $500,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vonheydenreich Richard J $405,000
Previous Owner Dortch George W $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2012 09/27/12 Sold $940,000 -5.9% $249 / Sq Ft
07/27/2012 07/27/12 Pending -- -- --
05/29/2012 05/29/12 For Sale $999,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,963 $1,157,532 $738,852 $418,680
2024 $14,963 $1,134,836 $724,365 $410,471
2023 $14,710 $1,112,585 $710,162 $402,423
2022 $13,812 $1,090,771 $696,238 $394,533
2021 $13,528 $1,069,385 $682,587 $386,798
2019 $13,335 $1,037,668 $662,342 $375,326
2018 $12,983 $1,017,322 $649,355 $367,967
2016 $11,937 $977,820 $624,141 $353,679
2015 $11,459 $963,133 $614,766 $348,367
2014 $11,398 $944,267 $602,724 $341,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P823650

California Regional Multiple Listing Service (CRMLS)

APN: 7264-012-033