NOT LISTED FOR SALE
8 Beds
8 Baths
5,500 Sq Ft
7,480 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $1,105,000 $201 Per Sq Ft

14 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • 2 Car Garage
  • No HOA
  • Laundry Room
  • 3-minute walk to Eastwood Memorial Park

About This Home

As of April 2016

Great Opportunity. 8 unit building consisting of 8 One bedroom +One bathroom units. Total rents are $7,730 per month. 6 covered parking + a 2 car garage. Community laundry. Close to Heritage Square Shopping and restaurants. Owner pays water, sewer, trash and gardener. Tenant pays electricity. No gas - building is all electric. Attractive investment for any investor. Close to the area's MANY schools, parks, shopping, freeways, and the area's Naval Bases. Enjoy the area's mild year-round weather & the state's best beaches nearby. Your new investment resides between Santa Barbara to the north, a 45 minute coastal commute, and Point Mugu & Malibu to the south on the picturesque Pacific Coast Highway. Please do not disturb the tenants.

Last Agent to Sell the Property

Stephanie Vitacco

Equity Union License #00985615 Listed on: 02/05/2016

Equity Union

Last Buyer's Agent

Nick Henry

Beachside Partners License #01748131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,480 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage
  • 6 Carport Spaces
  • Parking Available

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 1424
  • Assessor Parcel Number 2000392195

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • Electric Expense $903
  • Gardener Expense $932
  • Insurance Expense $4,366
  • Pest Control $772
  • Professional Management Expense $4,833
  • Supplies Expense $58
  • Trash Expense $3,655
  • Water Sewer Expense $9,819
  • New Taxes Expense $6,002
  • Gross Income $7,730
  • Net Operating Income $2,530

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 4833.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Supplies Expense: 58.00
  • View: No
  • Water Sewer Expenses: 9819.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 932.00
  • Parcel Number: 2000392195
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 200.91
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 772.00
  • Trash Expense: 3655.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7480.00
  • Price Per Lot Square Foot: 147.73
  • Lot Size Acres: 0.1720

Multi Family

  • Average1 Bed Area: 687
  • Electric Expense: 903.00
  • Gross Income: 7730.00
  • Gross Scheduled Income: 7730.00
  • Insurance Expense: 4366.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7480.0000 Square Feet
  • Net Operating Income: 2530.00
  • Number Of Separate Electric Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 3303.00
  • Rent Control: No
  • Total Actual Rent: 7730.00

Tax Info

  • New Taxes Expense: 6002.00
  • Tax Lot: 19
  • Tax Tract Number: 1424
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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 List to Sale Price per Sq Ft
04/15/2016 04/15/16 Sold $1,105,000 -1.3% $201 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $1,120,000 -- $204 / 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 $15,875 $1,308,090 $473,516 $834,574
2024 $15,875 $1,282,442 $464,232 $818,210
2023 $15,295 $1,257,297 $455,130 $802,167
2022 $14,835 $1,232,645 $446,206 $786,439
2021 $14,717 $1,208,476 $437,457 $771,019
2020 $14,991 $1,196,086 $432,972 $763,114
2019 $14,568 $1,172,634 $424,483 $748,151
2018 $14,364 $1,149,642 $416,160 $733,482
2017 $13,632 $1,127,100 $408,000 $719,100
2016 $5,972 $496,599 $231,746 $264,853
2015 $6,035 $489,142 $228,266 $260,876
2014 $5,969 $479,563 $223,796 $255,767
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16025065

California Regional Multiple Listing Service (CRMLS)

APN: 200-0-392-195