NOT LISTED FOR SALE
2 Beds
1 Bath
3,570 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: February 28, 2018

Last sale price $942,500 $264 Per Sq Ft

91 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Laundry Facilities

About This Home

As of February 2018

Bush Street Apartments is a 4-unit investment property located in the city of Oceanside, California. Situated on a 0.12-acre lot, the 3,570 square foot property consists entirely of two-bedroom floor plans averaging approximately 890 square feet. Built in 1963, the property offers residents easy access to local beaches and the Oceanside Pier, local freeways, schools, and a number of small and large retail centers.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/01/2017

Last Buyer's Agent

Carlos Torres

Realty ONE Group United License #01940702

Realty ONE Group United
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls
  • Landscaped

Home Design

  • 3,570 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Legal Lot and Block 19 / 15
  • Tax Tract Number 18603
  • Assessor Parcel Number 1480632600

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,800
  • Fuel Expense $1,800
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Other Expense $2,200
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $10,839
  • Operating Expense $23,439
  • Gross Income $61,700
  • Net Operating Income $36,443

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 1480632600
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 264.01

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • 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: Landscaped
  • Lot Size Sq Ft: 5227.20

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 1800.00
  • Gross Income: 61700.00
  • Gross Operating Income: 59882.00
  • Gross Scheduled Income: 61700.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 36443.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23439.00
  • Other Expense: 2200.00
  • Rent Control: No
  • Total Actual Rent: 5050.00
  • Total Expenses: 23439.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10839.00
  • Tax Block: 15
  • Tax Census Tract: 186.03
  • Tax Lot: 19
  • Tax Tract Number: 018603

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2017
Sold by
Kaumeyer Keith and Kaumeyer Kelly
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2015
Sold by
Stacey Robert G and Stacey Dena M
Bought by
The Stacey Family Trust and Stacey Dena Marie

Purchase Details

Closed on
Apr 28, 2003
Sold by
Kaumeyer Keith and Kaumeyer Kelly
Bought by
Stacey Robert G and Stacey Dena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2001
Sold by
Kaumeyer Keith
Bought by
Stacey Robert G and Stacey Dena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,100
Interest Rate
7.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 9, 1998
Sold by
Mchale James J and Mchale Zella E
Bought by
Stacey Robert G and Stacey Dena M

Purchase Details

Closed on
Mar 6, 1994
Sold by
Professional Foreclosure Corp
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Jul 30, 1990

Purchase Details

Closed on
Aug 1, 1986

Purchase Details

Closed on
Mar 29, 1984
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$942,500 Chicago Title Company
The Stacey Family Trust -- None Available
Stacey Robert G -- Diversified Title & Escrow
Stacey Robert G -- Diversified Title & Escrow
Stacey Robert G -- Fidelity National Title Co
Stacey Robert G $167,000 First American Title
Emc Mtg Corp $113,400 Chicago Title Co
-- $260,000 --
-- $158,000 --
-- $112,300 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $432,500
Previous Owner Barbosa Gilbert $450,000
Previous Owner Stacey Robert G $310,000
Previous Owner Stacey Robert G $400,000
Previous Owner Stacey Robert G $35,000
Previous Owner Stacey Robert G $180,000
Previous Owner Stacey Robert G $176,100
Previous Owner Stacey Robert G $23,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $942,500 -2.3% $264 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
11/01/2017 11/01/17 For Sale $965,000 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,084 $1,093,845 $777,588 $316,257
2025 $11,854 $1,072,398 $762,342 $310,056
2024 $11,854 $1,051,372 $747,395 $303,977
2023 $11,489 $1,030,758 $732,741 $298,017
2022 $11,315 $1,010,548 $718,374 $292,174
2021 $11,360 $990,735 $704,289 $286,446
2020 $11,009 $980,577 $697,068 $283,509
2019 $10,690 $961,350 $683,400 $277,950
2018 $2,699 $234,341 $86,792 $147,549
2017 $2,649 $229,747 $85,091 $144,656
2016 $2,562 $225,243 $83,423 $141,820
2015 $2,490 $221,860 $82,170 $139,690
2014 -- $217,515 $80,561 $136,954
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17248303

California Regional Multiple Listing Service (CRMLS)

APN: 148-063-26-00

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