NOT LISTED FOR SALE

Estimated Value: $1,538,000 - $1,791,000

2 Beds
1 Bath
1,846 Sq Ft
$892/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $1,430,000 $775 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,610/month

5 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Rectangular Lot
  • No HOA
  • Landscaped
  • Heating Available

About This Home

As of August 2021

Incredible investment opportunity or live in one and rent the other! Newly remodeled duplex in Oceanside within walking distance to the beach. Two units, each 2 br with 1 bath. Seller can deliver property either unoccupied or occupied at $3,500 per month, per unit, before close of escrow. Total pro-forma rent of $7,000 at 4.2% CAP RATE. Great curb appeal with tastefully designed interior and finishes. Must see interior upgrades. Large front yard, and private backyard. Buyer to verify square footage. (Front house 864Sqft. Back house 982 Sqft)

Last Listed By

Reza Marashi

Mara Real Estate License #01486440 Listed on: 07/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,703

Year Built

  • Built in 1947

Lot Details

  • 5,500 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • 1,846 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 11 / 6
  • Tax Tract Number 418
  • Assessor Parcel Number 1521231000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $84,000
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,703

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: Yes
  • Zoning: R3 per city of Oceanside Zoning Map
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1521231000
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 774.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1263

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Lot Size Area: 5500.0000 Square Feet
  • Net Operating Income: 58800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 25200.00
  • Rent Control: No
  • Total Actual Rent: 7000.00

Tax Info

  • Tax Block: 6
  • Tax Lot: 11
  • Tax Tract Number: 000418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2021
Closed on
Jul 28, 2021
Sold by
Sonny Investments Llc
Bought by
Bachman Sarah E
Seller's Agent
Reza Marashi
Mara Real Estate
Buyer's Agent
Jamal Johnson
Acropolis Enterprise Inc.
List Price
$1,390,000
Sold Price
$1,430,000
Premium/Discount to List
$40,000
2.88%
Total Days on Market
5
Current Estimated Value
$1,646,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,920
Avg. Annual Appreciation
3.45%
Original Mortgage
$1,430,000
Outstanding Balance
$1,314,260
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$311,570

Purchase Details

Closed on
Dec 22, 2020
Sold by
Brother Income Llc
Bought by
Sonny Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,300
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2020
Sold by
Loomis Paul and Loomis Margaret
Bought by
Brother Income Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 6, 2019
Sold by
Gould Linda M
Bought by
Loomis Paul and Loomis Margaret
Seller's Agent
Cassie Bee
Professional Realty Services
Buyer's Agent
Ryan Judson
Compass
List Price
$759,900
Sold Price
$759,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.73%
Original Mortgage
$258,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2018
Closed on
Mar 22, 2018
Sold by
Tomko Anna
Bought by
Gould Linda M and Muller Gould Living Trust
Seller's Agent
Dale Lawrence
Dale Lawrence, Broker
Buyer's Agent
Cassie Ott
Turner Real Estate
List Price
$710,000
Sold Price
$710,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$532,500
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2002
Sold by
Beyer Fred W
Bought by
Tomko Michael and Tomko Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6%

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
Bachman Sarah E $1,430,000 Lawyers Title Sd
Sonny Investments Llc $1,025,000 Fidelity Natl Ttl San Diego
Brother Income Llc $760,000 Fidelity National Title Co
Loomis Paul $760,000 Fidelity National Title
Gould Linda M $710,000 Ticor Title Company Of Calif
Tomko Michael $220,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bachman Sarah E $1,430,000
Closed Sonny Investments Llc $130,000
Previous Owner Sonny Investments Llc $976,300
Previous Owner Brother Income Llc $625,000
Previous Owner Loomis Paul $258,000
Previous Owner Gould Linda M $532,500
Previous Owner Tomko Michael $218,654
Previous Owner Tomko Michael $185,500
Previous Owner Tomko Michael $258,000
Previous Owner Tomko Michael $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $1,430,000 +2.9% $775 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/11/2021 07/11/21 For Sale $1,390,000 +82.9% $753 / Sq Ft
06/28/2019 06/28/19 Sold $759,900 0.0% $563 / Sq Ft
05/21/2019 05/21/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $759,900 +7.0% $563 / Sq Ft
05/03/2018 05/03/18 Sold $710,000 0.0% $785 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $710,000 -- $785 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,703 $1,487,772 $1,248,480 $239,292
2023 $16,189 $1,458,600 $1,224,000 $234,600
2022 $15,945 $1,430,000 $1,200,000 $230,000
2021 $11,721 $1,025,000 $900,000 $125,000
2020 $8,694 $775,098 $652,800 $122,298
2019 $8,048 $724,200 $612,000 $112,200
2018 $3,226 $285,632 $220,780 $64,852
2017 $70 $280,032 $216,451 $63,581
2016 $3,064 $274,542 $212,207 $62,335
2015 $2,975 $270,419 $209,020 $61,399
2014 $2,861 $265,123 $204,926 $60,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2108097

California Regional Multiple Listing Service (CRMLS)

APN: 152-123-10