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

Sale Details

Date Sold: February 4, 2021

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

23 Days on Market

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 in unit

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

4,991 Sq Ft Lot

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

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

Listed on
Oct 26, 2020
Closed on
Jan 28, 2021
Sold by
Bought by
Seller's Agent
Orva Harwood
Compass
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$3,600,000
Sold Price
$3,250,160
Premium/Discount to List
-$349,840
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
0.026%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2001
Sold by
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
$470,000
Interest Rate
0.0719%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 1999
Sold by
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
$445,000
Interest Rate
0.0814%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 1999
Sold by
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
$445,000
Interest Rate
0.0814%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 1999
Sold by
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
$445,000
Interest Rate
0.0814%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 1999
Sold by
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
$445,000
Interest Rate
0.0814%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1999
Sold by
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
$445,000
Interest Rate
0.0814%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$3,250,500 Chicago Title Company
-- Commonwealth Land Title Co
-- --
-- --
$645,000 Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
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 $1,250,000
Previous Owner $460,000
Previous Owner $500,000
Previous Owner $435,000
Previous Owner $470,000
Previous Owner $445,000
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
02/04/2021 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

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 $39,447 $3,588,436 $2,760,201 $828,235
2025 $39,447 $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)
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