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

Sale Details

Date Sold: April 15, 2016

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

14 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Laundry Facilities
  • No HOA
  • 2 Car Garage
  • 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

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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
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

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

7,480 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2022
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2016
Sold by
Bought by

Purchase Details

Listed on
Feb 5, 2016
Closed on
Feb 23, 2016
Sold by
Bought by
Seller's Agent
Stephanie Vitacco
Equity Union
Buyer's Agent
Nick Henry
Beachside Partners
List Price
$1,120,000
Sold Price
$1,105,000
Premium/Discount to List
-$15,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Rose Kevin L
-- None Available
$1,105,000 Equity Title
$106,000 First American Title Ins Co
-- First American Title Ins Co
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $590,000
Previous Owner $675,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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

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