NOT LISTED FOR SALE

Estimated Value: $5,573,084 - $8,103,000

3 Beds
4 Baths
1,424 Sq Ft
$4,830/Sq Ft Est. Value

Last Sold December 19, 2016

Last sale price $4,250,000 $2,985 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $42,488/month

212 Days on Market

Highlights

  • Ocean View
  • Paul Ecke-Central Elementary Rated A
  • Forced Air Heating and Cooling System

About This Home

As of December 2016

Gorgeous oceanfront home on Neptune Avenue with legal beach stairs, large bluff, multiple decks and panoramic ocean views throughout the home. The property also includes a separate unit on the street side connected to the spacious two-car garage. The main house has been remodeled and has floor to ceiling windows and doors on both levels to maximize the views and natural light. One of the most prestigious and desired locations on Neptune. OCEANFRONT!!! This gorgeous oceanfront two unit home on Neptune Avenue is an amazing oceanfront home with multiple decks to enjoy your oceanfront view. Magnificant ocean views from La Jolla to Catalina, multiple decks, private beach stairs, gorgeous hand-scraped wood floors, skylights throughout, 2 gas fireplaces, a sauna and beach breezes are a few of the amenities in this beautifully designed 3 bedroom 3 bath main house and a seperate guest house. Panoramic views from the kitchen, dining area and family room with natural light throughout the home. The large oceanfront master bedroom suite downstairs includes a beautiful deck, office space, dry sauna and library. Upstairs features two bedrooms with skylights, a seperate patio and two bathrooms. The property sits on a large lot with 43’ of ocean frontage with private retractable stairs down to the beach with multiple decks and staging areas. The front unit is a great rental income property, guest house or office suite. This oceanfront lot with large bluff makes this a property stand out as one of the premier properties along Neptune. This section of Neptune is most sought after for it's excellent bluff and beach privacy. Neighborhoods: Leucadia Acres Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 1

Last Listed By

James Hasselberg

Surf and Turf Properties License #01737979 Listed on: 02/21/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,250

Year Built

  • Built in 1954

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 208 x 43
  • Drip System Landscaping
  • Sprinkler System

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Combination Of Heating Systems
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 2542102000

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Neptune

Building Details

  • Net Operating Income $60,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,250

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 3.70
  • Park Name: Neptune
  • Subdivision Name Other: Leucadia
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 2542102000
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • View: Ocean
  • Roof: Composition

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Combination, Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Features: Sprinklers Drip System, Sprinkler System
  • Lot Size: 208 X 43
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • Gross Scheduled Income: 100000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 60700.00
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2019
Sold by
Kaats Scott J
Bought by
Scott J Kaats 2017 Trust
Total Days on Market
212
Current Estimated Value
$6,878,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2019
Sold by
Kaats Scott J
Bought by
Scott J Kaats 2017 Separate Propert Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2016
Sold by
Mangiapane Christopher V and Mangiapane Nicholas D
Bought by
Kaats Scott J and Kaats Ann Fowler

Purchase Details

Closed on
Feb 25, 2015
Sold by
Jackson Kaitlyn R
Bought by
Mangiapane Christopher and Mangiapane Nicholas D

Purchase Details

Closed on
Mar 2, 2011
Sold by
Holden Dennis E and Mangiapane Susan M
Bought by
Mangiapane Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,420,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 23, 2003
Sold by
Holden Dennis E and Mangiapane Susan M
Bought by
Mangiapane Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 25, 2003
Sold by
Mangiapane Susan M
Bought by
Holden Dennis E and Mangiapane Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 2, 2003
Sold by
Mangiapane Susan M
Bought by
Mangiapane Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 19, 2003
Sold by
Mangiapane Susan M
Bought by
Mangiapane Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 8, 2000
Sold by
Mangiapane Susan M
Bought by
Mangiapane Susan M

Purchase Details

Closed on
Apr 22, 1998
Sold by
F X B Trust 01-10-92 and Franz X
Bought by
Mangiapane Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.06%

Purchase Details

Closed on
Aug 18, 1994
Sold by
Kahn Lionel M and Greco Connie M
Bought by
Birkner Franz X

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
Scott J Kaats 2017 Trust -- Westminster Title Co Inc
Kaats Scott J -- Westminster Title Company
Scott J Kaats 2017 Separate Propert Tr -- None Available
Kaats Scott J -- None Available
Kaats Scott J $4,250,000 Fidelity Natl Title Co Sd
Mangiapane Christopher -- None Available
Mangiapane Susan M -- Lsi
Holden Dennis E -- Lsi
Mangiapane Susan M -- Fatco
Holden Dennis E -- Fidelity National Title Co
Mangiapane Susan M -- Multiple
Mangiapane Susan M -- Multiple
Mangiapane Susan M -- --
Mangiapane Susan M $897,000 Old Republic Title Company
Birkner Franz X $800,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaats Scott J $500,000
Closed Kaats Scott J $701,500
Closed Kaats Scott J $750,000
Previous Owner Holden Dennis E $1,420,000
Previous Owner Mangiapane Susan M $400,000
Previous Owner Mangiapane Susan M $999,950
Previous Owner Holden Dennis E $250,000
Previous Owner Mangiapane Susan M $620,000
Previous Owner Mangiapane Susan M $100,000
Previous Owner Mangiapane Susan M $623,000
Previous Owner Mangiapane Susan M $650,000
Closed Mangiapane Susan M $67,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2016 12/19/16 Sold $4,250,000 0.0% $2,985 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
02/21/2016 02/21/16 For Sale $4,250,000 -- $2,985 / 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 $52,250 $4,835,770 $4,096,183 $739,587
2023 $50,963 $4,740,952 $4,015,866 $725,086
2022 $49,888 $4,647,993 $3,937,124 $710,869
2021 $49,195 $4,556,857 $3,859,926 $696,931
2020 $48,517 $4,510,133 $3,820,348 $689,785
2019 $47,522 $4,421,700 $3,745,440 $676,260
2018 $46,604 $4,335,000 $3,672,000 $663,000
2017 $45,831 $4,250,000 $3,600,000 $650,000
2016 $13,214 $1,187,901 $790,612 $397,289
2015 $12,967 $2,700,000 $2,500,000 $200,000
2014 $12,596 $1,147,140 $763,483 $383,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 160009377

California Regional Multiple Listing Service (CRMLS)

APN: 254-210-20