NOT LISTED FOR SALE

120 Rainbow Ln Watsonville, CA 95076

7 Beds
3 Baths
1,362 Sq Ft
0.47 Acres

Last Sold February 15, 2019

Last sale price $850,000 $624 Per Sq Ft

204 Days on Market

About This Home

As of February 2019

Great opportunity to own a multi residential property in a country-living settling. Vast opportunities awaits the prospective new buyer. Each individual unit is fenced-in and they have a private lawn for their enjoyment . This property is situated in a desirable and quiet neighborhood.

Last Agent to Sell the Property

Roberto Lopez

Vanco Real Estate Executives License #01495964 Listed on: 06/27/2018

Last Buyer's Agent

Ann Berry-Kline

Bailey Properties License #01877365

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 0.47 Acre Lot

Home Design

  • 1,362 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Shingle Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Wall Furnace
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $61,152

Community Details

Overview

  • 1,362 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $720
  • Maintenance Expense $1,000
  • Other Expense $300
  • Operating Expense $12,220
  • Gross Income $58,094

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Listing Details

  • Zoning: R-1-9
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1362
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Living Sq Ft: 1362
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Covered Parking
  • Carport Min: 2

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Septic Connected

Lot Info

  • Lot Acres: 0.4700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20473.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20473.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 14.31
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 720
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expenses Other: 300
  • Expenses Total: 12220
  • Income Annual Gross: 58094.00
  • Income Annual Rental: 61152
  • Income Gross Scheduled: 61152
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

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
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2019 02/15/19 Sold $850,000 -2.9% $624 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
10/26/2018 10/26/18 For Sale $875,000 +2.9% $642 / Sq Ft
10/26/2018 10/26/18 Off Market $850,000 -- --
08/16/2018 08/16/18 Price Changed $875,000 -2.8% $642 / Sq Ft
06/27/2018 06/27/18 For Sale $900,000 -- $661 / Sq Ft
Source: MLSListings

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 $12,103 $1,062,158 $641,423 $420,735
2023 $10,730 $911,372 $616,516 $294,856
2022 $10,536 $893,502 $604,428 $289,074
2021 $10,233 $875,982 $592,576 $283,406
2020 $10,090 $867,000 $586,500 $280,500
2019 $1,838 $106,587 $19,572 $87,015
2018 $1,798 $104,499 $19,190 $85,309
2017 $1,783 $102,450 $18,813 $83,637
2016 $1,746 $100,440 $18,444 $81,996
2015 $1,589 $98,931 $18,168 $80,763
2014 $1,560 $96,993 $17,811 $79,182
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Roberto Lopez

    Vanco Real Estate Executives

    Section Image

  • A

    Buyer's Agent in 2019

    Ann Berry-Kline

    Bailey Properties

See All Agents

Map

Source: MLSListings

MLS Number: ML81712136

MLSListings

APN: 050-061-26

California Santa Cruz County Watsonville 95076

120 Rainbow Ln, Watsonville, CA

Not Listed for Sale

MultiFamily

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