S
Seller's Agent in 2019
Stephanie Sills
Compass
1341 Main St Montara, CA 94037
Moss Beach AreaEstimated Value: $1,787,000 - $2,749,030
8
Beds
4
Baths
2,764
Sq Ft
$789/Sq Ft
Est. Value
Highlights
- Ocean View
- Wood Flooring
- 2-minute walk to Gray Whale Cove State Beach
- Farallone View Elementary School Rated 9+
- Corian Countertops
About This Home
As of September 2019RARE FOURPLEX FOR SALE - just across scenic Highway 1 from the Pacific Ocean lies an incredible investment opportunity! A mere 3 blocks from Montara State Beach, a wide, mile-long stretch of soft sand and great surf. Nearby Montara Mountain offers gorgeous views of the ocean or bay from numerous hiking and biking trails. Each of the 4 units has approximately 700 sq ft with 2 bedrooms and 1 bathroom, carport parking, storage area and use of onsite laundry room. The upstairs apartment with ocean and mountain views was recently vacated and we purposely kept it off the market to accommodate showings. Unit #1 on the lower level is occupied by the property managers and will also be available during open house tours. Projected rents at full occupancy are $123,000. Preventative maintenance has kept expenses low and the building in good condition. Estimated cap rate is 5%. Easy commute to SF or Peninsula. Come see what the nature-loving Coastsider life has to offer the savvy investor!
Last Agent to Sell the Property
Stephanie Sills
Compass License #02060529 Listed on: 08/16/2019
Property Details
Home Type
- Multi-Family
Year Built
- 1963
Lot Details
- 5,001 Sq Ft Lot
- Lot Sloped Down
Parking
- 4 Carport Spaces
Property Views
- Ocean
- Mountain
Home Design
- Quadruplex
- Bitumen Roof
Interior Spaces
- 2,764 Sq Ft Home
- 2-Story Property
- Crawl Space
Kitchen
- Electric Oven
- Range Hood
- Corian Countertops
- Tile Countertops
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Utilities
- No Heating
- Separate Meters
Listing and Financial Details
- Total Actual Rent $100,200
Community Details
Overview
Building Details
- 3 Leased Units
- Gardener Expense $1,080
- Insurance Expense $2,088
- Maintenance Expense $2,400
- Utility Expense $2,465
- Trash Expense $2,942
- Operating Expense $28,583
- Gross Income $99,127
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
Mar 17, 2003
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,500
Interest Rate
0.0477%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 30, 2000
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
$480,000
Interest Rate
0.0837%
Purchase Details
Closed on
Oct 10, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $940,000 | First American Title Company | ||
| $640,000 | North American 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 | $585,000 | ||
| Closed | $600,000 | ||
| Closed | $612,600 | ||
| Closed | $626,500 | ||
| Closed | $620,500 | ||
| Previous Owner | $480,000 |
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 |
|---|---|---|---|---|
| 09/09/2019 09/09/19 | Sold | $1,689,000 | -0.6% | $611 / Sq Ft |
| 08/29/2019 08/29/19 | Pending | -- | -- | -- |
| 08/16/2019 08/16/19 | For Sale | $1,699,000 | -- | $615 / Sq Ft |
Source: MLSListings
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 |
|---|---|---|---|---|
| 2025 | $31,937 | $1,847,165 | $710,868 | $1,136,297 |
| 2023 | $31,937 | $1,775,439 | $683,265 | $1,092,174 |
| 2022 | $28,975 | $1,740,627 | $669,868 | $1,070,759 |
| 2021 | $27,776 | $1,706,498 | $656,734 | $1,049,764 |
| 2020 | $26,046 | $1,689,000 | $650,000 | $1,039,000 |
| 2019 | $19,208 | $1,220,436 | $610,218 | $610,218 |
| 2018 | $16,913 | $1,196,506 | $598,253 | $598,253 |
| 2017 | $16,913 | $1,173,046 | $586,523 | $586,523 |
| 2016 | $16,740 | $1,150,046 | $575,023 | $575,023 |
| 2015 | $16,401 | $1,132,772 | $566,386 | $566,386 |
| 2014 | $16,137 | $1,110,584 | $555,292 | $555,292 |
Source: Public Records
Agents Affiliated with this Home
-
-
Joey Oliva
Buyer's Agent in 2019
Joey Oliva
Omarshall, Inc
(917) 359-5374
53 Total Sales
Map
Source: MLSListings
MLS Number: ML81764309
APN: 036-049-040
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