NOT LISTED FOR SALE
3 Beds
2 Baths
2,318 Sq Ft
4,000 Sq Ft Lot

Last Sold July 22, 2012

Last sale price $690,000 $298 Per Sq Ft

42 Days on Market

Highlights

  • Ocean Side of Freeway
  • Contemporary Architecture
  • Wood Siding
  • Las Palmas Elementary School Rated A-
  • Courtyard Views
  • 4-minute walk to Max Berg Park

About This Home

As of July 2012

Located west of the 5 freeway is this great ocean close triplex that is just a short walk to the beach. The upper 2 bedroom 1 bath unit additionally has a lovely enclosed sun room which could be used as a third bedroom. All units share a private interior courtyard. Current rents are below market. Market rent for the upper 2 bedroom with sunroom is between $1650 - $1800. The rents stated in the listing are market rents not actual rents. For additional income one could replace the existing washer and dryer with a coin operated unit. Upgrades: Most all of the windows have been replaced with new energy efficient windows. The triplex was tented for termites approximately 3 years ago and recently painted within the last year.

Last Agent to Sell the Property

victoria graves

CENTURY 21 Affiliated License #01732916 Listed on: 04/14/2012

CENTURY 21 Affiliated

Last Buyer's Agent

Thomas ODonnell

Luxre Realty, Inc. License #00770183

Luxre Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,318 Sq Ft Home
  • Laminate Flooring
  • Courtyard Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Car Garage
  • Front Facing Garage

Outdoor Features

  • Ocean Side of Freeway

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 13
  • Tax Tract Number 793
  • Assessor Parcel Number 05805124

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Pest Control $2,062
  • Professional Management Expense $1,542
  • Trash Expense $602
  • Water Sewer Expense $1,068
  • New Taxes Expense $7,182
  • Gross Income $3,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 1542.00
  • View: Yes
  • Water Sewer Expenses: 1068.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 05805124
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 297.67

Exterior Features

  • View: Courtyard
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 2062.00
  • Trash Expense: 602.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 40x100
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0920

Multi Family

  • Gross Income: 3950.00
  • Gross Multiplier: 16.03
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 4000.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Refrigerator: 3
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 7182.00
  • Tax Block: 13
  • Tax Lot: 0.
  • Tax Tract Number: 793

Range of Values:

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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
07/22/2012 07/22/12 Sold $690,000 -9.2% $298 / Sq Ft
05/26/2012 05/26/12 Pending -- -- --
04/14/2012 04/14/12 For Sale $759,900 -- $328 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S694748

California Regional Multiple Listing Service (CRMLS)

APN: 058-051-24