NOT LISTED FOR SALE

Estimated Value: $1,023,000 - $1,800,000

5 Beds
3 Baths
2,383 Sq Ft
$609/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $1,499,000 $629 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,757/month

3 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 1 Attached Carport Space
  • Clarence Lobo Elementary School Rated A-
  • Laundry Room
  • Forced Air Heating System

About This Home

As of April 2023

Great opportunity to own an income producing property on the west side of freeway. Just blocks away from downtown, pier, and beaches. Upstairs unit has peak ocean view. It is a two bedroom and one bath unit. Laminate flooring throughout living room, hallway, and one bedroom. It also comes with a carport and semi private use yard. Upstairs unit was built over the garage and carport. So noone is above or below the other unit.
The downstairs unit is three bedroom and 1.75 baths. Master bedroom has his and her closets. Secondary bedroom comes with a walkin closet. It has a separate laundry room off the kitchen. There is currently laminate flooring through the home, but I was told from tenant that the original hardwood is still intact underneath. It has a good size front and side yard. There is also a little artist studio in the back. Downstairs unit also comes with a two car garage. This unit has two water heaters servicing it so hot water is always ready.
So much potential for this property! This is a great opportunit for long term rental income. So much upside. Dont let this one pass you by!

Last Agent to Sell the Property

Bernie Truax

Truax Properties Inc. License #01349938 Listed on: 03/23/2023

Truax Properties Inc.

Last Buyer's Agent

Rebecca Korss

eXp Realty of California Inc License #01900802

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,266 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Irregular Lot

Parking

  • 2 Car Garage
  • 1 Attached Carport Space
  • Parking Available
  • Combination Of Materials Used In The Driveway

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,383 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • 220 Volts in Garage

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 19 / 6
  • Tax Tract Number 793
  • Assessor Parcel Number 05715401
  • $22 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,892
  • Other Expense $1,321
  • Trash Expense $600
  • Water Sewer Expense $1,500
  • Operating Expense $5,313
  • Net Operating Income $31,287

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,266 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 05715401
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One, Two
  • Price Per Square Foot: 629.04

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway - Combination, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 5266.00
  • Lot Size Acres: 0.1209

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 883 Square Feet
  • Average3 Bed Area: 1500 Square Feet
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 1891.90
  • Lot Size Area: 5266.0000 Square Feet
  • Net Operating Income: 31286.64
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 5313.36
  • Other Expense: 1321.40
  • Other Expense Description: taxes
  • Rent Control: No
  • Total Actual Rent: 36600.00
  • Total Expenses: 5313.36

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 421.07
  • Tax Lot: 19
  • Tax Tract Number: 793
  • TaxOtherAnnualAssessmentAmount: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 11, 2023
Sold by
Gloria C Dufour Administrative Trust
Bought by
Kim Andrew Y and Kim Heather T
Seller's Agent
Bernie Truax
Truax Properties Inc.
Buyer's Agent
Rebecca Korss
eXp Realty of California Inc
List Price
$1,400,000
Sold Price
$1,499,000
Premium/Discount to List
$99,000
7.07%
Views
31
Current Estimated Value
$1,450,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,841
Avg. Annual Appreciation
-1.17%
Original Mortgage
$1,199,200
Outstanding Balance
$1,159,511
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$290,648

Purchase Details

Closed on
Dec 7, 2011
Sold by
Dufour Gloria C
Bought by
Dufour Gloria C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kim Andrew Y $1,499,000 Wfg National Title Company
Dufour Gloria C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Andrew Y $1,199,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2023 04/25/23 Sold $1,499,000 -0.4% $629 / Sq Ft
03/28/2023 03/28/23 Price Changed $1,505,000 +7.5% $632 / Sq Ft
03/26/2023 03/26/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,400,000 -- $587 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,431 $1,559,559 $1,454,201 $105,358
2024 $15,431 $1,528,980 $1,425,687 $103,293
2023 $14,665 $1,450,000 $1,380,000 $70,000
2022 $1,321 $128,625 $59,500 $69,125
2021 $1,296 $126,103 $58,333 $67,770
2020 $1,283 $124,810 $57,734 $67,076
2019 $1,258 $122,363 $56,602 $65,761
2018 $1,234 $119,964 $55,492 $64,472
2017 $1,210 $117,612 $54,404 $63,208
2016 $1,187 $115,306 $53,337 $61,969
2015 $1,169 $113,574 $52,535 $61,039
2014 $1,146 $111,350 $51,506 $59,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23046655

California Regional Multiple Listing Service (CRMLS)

APN: 057-154-01

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