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Seller's Agent in 2021
Earl Schrader
Earl Schrader
117 Clarissa Ave Avalon, CA 90704
Estimated Value: $2,764,668
4
Beds
2
Baths
5,505
Sq Ft
$502/Sq Ft
Est. Value
Highlights
- Ocean View
- Fishing
- Contemporary Architecture
- Golf Course Community
- 0.06 Acre Lot
- 1-minute walk to Old Ben Park
About This Home
As of June 2021Catalina Island~ Rare Commercial Residential multi - use investment/income property located in the destination resort town of Avalon on Catalina Island. Six units total 5,505 sq.ft. (+ /-) of living/commercial space on 3 levels. Ocean and City view roof top deck. Large commercially zoned lot of approximately 2,722 sq.ft. close to the beach and shopping. This unique property offers: 3 office spaces & a single half bath 2 residential- 2 bedroom/2 bath units that include hardwood flooring, granite counters, stainless appliances, recessed lighting, interior laundry, exterior decks, ceiling fans. The lower level has 20 foot ceilings with storage. The land is fee simple. All units are occupied.
Last Agent to Sell the Property
Earl Schrader
Earl Schrader License #00971634 Listed on: 03/02/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 2,722 Sq Ft Lot
- 1 Common Wall
Parking
- 4 Car Garage
Property Views
- Ocean
- Hills
Home Design
- Contemporary Architecture
- Property Attached
Interior Spaces
- 5,505 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- All Upper Level Bedrooms
- 2 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Rain Gutters
Utilities
- Central Heating
- Satellite Dish
Listing and Financial Details
- Legal Lot and Block 14 / 12
- Tax Tract Number 5990
- Assessor Parcel Number 7480015018
Community Details
Overview
- No Home Owners Association
- 6 Units
- Foothills
Recreation
- Golf Course Community
- Fishing
- Hunting
- Water Sports
- Hiking Trails
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,000
- New Taxes Expense $23,000
- Gross Income $135,600
- Net Operating Income $102,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 27, 2016
Sold by
King Stacey
Bought by
King Michael W
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$718,885
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$2,049,302
Purchase Details
Closed on
Mar 30, 2008
Sold by
Davidson Rebecca R
Bought by
King Michael W and Regalado John G
Purchase Details
Closed on
Oct 12, 2000
Sold by
King Stacey L
Bought by
King Michael W
Purchase Details
Closed on
Jun 27, 2000
Sold by
Loskamp Alvin N and Loskamp Faye I
Bought by
Loskamp Alvin N and Loskamp Faye I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
7.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 26, 2000
Sold by
Group Trust Loskamp Alvin N And Faye I Trs Av
Bought by
Loskamp Alvin N and Loskamp Faye I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
7.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 25, 2000
Sold by
Loskamp Powell C
Bought by
Loskamp Alvin N and Loskamp Faye I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
7.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 14, 2000
Sold by
Loskamp Harry K
Bought by
Loskamp Harry K and Loskamp Elizabeth M A
Purchase Details
Closed on
Aug 26, 1996
Sold by
Loskamp Alvin N and Loskamp Faye I
Bought by
Loskamp Alvin N and Loskamp Faye I
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| King Michael W | -- | Ticor Title Company | |
| Regalado John G | -- | Ticor Title Company | |
| King Michael W | -- | None Available | |
| King Michael W | -- | None Available | |
| King Michael W | -- | Gateway Title | |
| Loskamp Alvin N | -- | Gateway Title Company | |
| Loskamp Alvin N | -- | -- | |
| King Michael W | $440,000 | Gateway Title Company | |
| Loskamp Alvin N | -- | Gateway Title Company | |
| Loskamp Harry K | -- | -- | |
| Loskamp Alvin N | -- | -- | |
| Loskamp Alvin N | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | King Michael W | $900,000 | |
| Previous Owner | King Michael W | $374,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2021 06/03/21 | Sold | $2,400,000 | -7.3% | $436 / Sq Ft |
| 03/04/2021 03/04/21 | Pending | -- | -- | -- |
| 02/02/2021 02/02/21 | Price Changed | $2,590,000 | -3.7% | $470 / Sq Ft |
| 11/23/2020 11/23/20 | Price Changed | $2,690,000 | -10.0% | $489 / Sq Ft |
| 03/02/2020 03/02/20 | For Sale | $2,990,000 | -- | $543 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $51,887 | $2,597,836 | $541,216 | $2,056,620 |
| 2024 | $49,470 | $2,546,899 | $530,604 | $2,016,295 |
| 2023 | $48,164 | $2,496,960 | $520,200 | $1,976,760 |
| 2022 | $45,343 | $2,448,000 | $510,000 | $1,938,000 |
| 2021 | $29,781 | $1,235,789 | $218,207 | $1,017,582 |
| 2020 | $28,157 | $1,223,118 | $215,970 | $1,007,148 |
| 2019 | $27,560 | $1,199,136 | $211,736 | $987,400 |
| 2018 | $27,011 | $1,175,625 | $207,585 | $968,040 |
| 2016 | $25,004 | $1,129,975 | $199,525 | $930,450 |
| 2015 | $22,617 | $1,113,002 | $196,528 | $916,474 |
| 2014 | $21,727 | $1,091,201 | $192,679 | $898,522 |
Source: Public Records
Agents Affiliated with this Home
-
-
Kelly Brown
Buyer's Agent in 2021
Kelly Brown
Kelly Nelson Brown Real Estate
(949) 637-0225
19 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20046338
APN: 7480-015-018
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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