NOT LISTED FOR SALE

Estimated Value: $2,049,000 - $2,125,000

4 Beds
3 Baths
1,725 Sq Ft
$1,213/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $1,602,600 $929 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $13,294/month

18 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Breakfast Area or Nook
  • Venice High School Rated A
  • Den
  • Balcony

About This Home

As of September 2021

Great opportunity to own an investment in this prime East of Lincoln neighborhood. Live in one and rent out the other, or rent both vacant units at market rent. The 2 bedroom, 1 bath front unit located on Penmar has a sunny, fenced in front yard with an organic vegetable bed and sweet back patio under a beautiful shade tree. Inside you'll find a spacious living room that opens to kitchen, inside laundry, hardwood floors, breakfast bar, and recessed lighting. 1205 Appleton, the "back" unit, is a convertible 2bedroom 2 bath with a big, private fenced patio off of the kitchen. Upstairs you'll find the primary suite as well as the convertible office/den, the stackable washer/dryer, and lots of windows to catch the ocean breezes. Both homes have been freshly painted, and this turnkey property will be delivered vacant and ready for the new owners! Close to the park, golf course, shopping and dining at The Penmar and new Zinque.

Last Listed By

Tracey Becker

Compass License #01975821 Listed on: 08/20/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,277

Year Built

  • Built in 1946

Lot Details

  • 3,840 Sq Ft Lot

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 1,725 Sq Ft Home
  • Den
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway
  • On-Street Parking

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating
  • Space Heater
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4244-019-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,277

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 1725
  • Lot Acreage: 0.0881
  • Year Built: 1946
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Oven, Microwave
  • Bedrooms: 4
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Microwave, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 913.04

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Balcony
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Driveway, On street
  • Total Parking: 3

Utilities

  • Heating: Wall, Space Heater, Central
  • Security: Smoke Detector, Carbon Monoxide Detector(s)

Lot Info

  • Assessed Improvement Percent: 26.09
  • Assessed Improvement Value: 324729
  • Assessed Land Percent: 73.91
  • Assessed Land Value: 920066
  • Total Assessed Value: 1244795
  • Assessor Parcel Number: 4244-019-001
  • Lot Size Area: 3840

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: duplex
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2022
Sold by
Regaldo John Robert and Hurley Katherine Brinton
Bought by
Regaldo John Robert and Hurley Katherine Brinton
Total Days on Market
18
Current Estimated Value
$2,093,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,218,750
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 7, 2021
Sold by
Chen James and Chen Tina Ko
Bought by
Regalado John Robert and Hurley Katherine Brinton
Seller's Agent
Tracey Becker
Compass
Buyer's Agent
Janin Paine
Compass
List Price
$1,575,000
Sold Price
$1,602,600
Premium/Discount to List
$27,600
1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%

Purchase Details

Closed on
Sep 6, 2016
Sold by
Chen James
Bought by
Chen James and Chen Tina Ko

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 13, 2016
Sold by
Wells Heather Jane
Bought by
Chen James and Chen Tina Ko
Seller's Agent
B Ruth Allen
Rapid Action Realty
Buyer's Agent
Anita Jones
Rapid Action Realty
List Price
$15,999,000
Sold Price
$1,150,000
Premium/Discount to List
-$14,849,000
-92.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$750,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2000
Sold by
Baron David
Bought by
Wells Heather Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
7.86%

Purchase Details

Closed on
May 25, 1999
Sold by
Family Trust Willacker John F Co Tr Willacker and Willacker Bonnie D
Bought by
Baron David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.4%

Range of Values:

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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
Regaldo John Robert -- First American Mortgage Soluti
Regalado John Robert $1,603,000 Stewart Title
Chen James -- None Available
Chen James $1,150,000 Fidelity National Title Co
Wells Heather Jane $337,000 United Title Company
Baron David $255,000 Progressive Title Company
Baron David -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Regaldo John Robert $1,218,750
Previous Owner Chen James $750,000
Previous Owner Wells Heather Jane $281,000
Previous Owner Wells Heather Jane $125,000
Previous Owner Wells Heather Jane $292,000
Previous Owner Wells Heather Jane $250,000
Previous Owner Wells Heather Jane $100,000
Previous Owner Wells Heather Jane $298,000
Previous Owner Wells Heather Jane $275,000
Previous Owner Wells Heather Jane $269,600
Previous Owner Baron David $50,000
Previous Owner Baron David $204,000
Closed Baron David $25,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2021 09/23/21 Sold $1,602,600 +1.8% $929 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $1,575,000 +37.0% $913 / Sq Ft
05/27/2016 05/27/16 Sold $1,150,000 -92.8% $533 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $15,999,000 -- $7,410 / Sq Ft
Source: The MLS

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
2024 $20,277 $1,667,344 $1,151,826 $515,518
2023 $19,884 $1,634,652 $1,129,242 $505,410
2022 $18,955 $1,602,600 $1,107,100 $495,500
2021 $15,041 $1,257,690 $929,597 $328,093
2019 $14,589 $1,220,388 $902,026 $318,362
2018 $14,534 $1,196,460 $884,340 $312,120
2016 $13,821 $1,142,937 $381,863 $761,074
2015 $6,231 $513,113 $376,128 $136,985
2014 $6,261 $503,063 $368,761 $134,302
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-774646

The MLS

APN: 4244-019-001