NOT LISTED FOR SALE
-- Bed
-- Bath
4,200 Sq Ft
4,991 Sq Ft Lot

Last Sold February 04, 2021

Last sale price $3,250,160 $774 Per Sq Ft

23 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 5-minute walk to Moonlight State Beach
  • Paul Ecke-Central Elementary Rated A

About This Home

As of February 2021

Fabulous investment opportunity one and a half blocks from the Moonlight Beach. Comprised of 6 apartments--all 2 bedroom/1 bath with living rooms, kitchen and laundry. All apartments are nicely upgraded. Loftys is half a block away--how could it get any better--almond croissants and London fogs in the morning, surf all day, and go to Buona Forchetta for dinner.

Last Agent to Sell the Property

Orva Harwood

Compass License #00761267 Listed on: 10/26/2020

Compass

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #0

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,991 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Listing and Financial Details

  • Tax Lot 19079
  • Tax Tract Number 5
  • Assessor Parcel Number 2580320400

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Insurance Expense $2,600
  • Professional Management Expense $11,094
  • Trash Expense $1,500
  • New Taxes Expense $10,715
  • Operating Expense $40,831
  • Gross Income $176,700
  • Net Operating Income $135,869

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 3.70
  • Professional Management Expense: 11094.00
  • Property Attached: Yes
  • Zoning: Commercial
  • Property Type: Residential Income
  • Parcel Number: 2580320400
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 773.85

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Level
  • Lot Size Sq Ft: 4991.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 176700.00
  • Gross Scheduled Income: 176700.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 4991.0000 Square Feet
  • Net Operating Income: 135869.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 40831.00
  • Rent Control: No
  • Total Expenses: 40831.00

Tax Info

  • New Taxes Expense: 10715.00
  • Tax Lot: 19079
  • Tax Tract Number: 5

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2021 02/04/21 Sold $3,250,160 0.0% $774 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/02/2020 11/02/20 Price Changed $3,250,000 -9.7% $774 / Sq Ft
10/26/2020 10/26/20 For Sale $3,600,000 -- $857 / 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
2025 $37,860 $3,518,076 $2,706,080 $811,996
2024 $37,860 $3,449,095 $2,653,020 $796,075
2023 $36,862 $3,381,466 $2,601,000 $780,466
2022 $35,865 $3,315,163 $2,550,000 $765,163
2021 $10,815 $915,842 $461,470 $454,372
2020 $10,943 $906,452 $456,739 $449,713
2019 $10,738 $888,680 $447,784 $440,896
2018 $10,687 $871,255 $439,004 $432,251
2017 $191 $854,173 $430,397 $423,776
2016 $10,466 $837,425 $421,958 $415,467
2015 $10,284 $824,847 $415,620 $409,227
2014 $10,174 $808,690 $407,479 $401,211
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2001842

California Regional Multiple Listing Service (CRMLS)