NOT LISTED FOR SALE
12 Beds
12 Baths
5,512 Sq Ft
6,834 Sq Ft Lot

Sale Details

Date Sold: April 29, 2013

Last sale price $1,000,000 $181 Per Sq Ft

Highlights

  • City Lights View
  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Open Floorplan
  • No HOA
  • Laundry Facilities

About This Home

As of April 2013

Nice Units with a View! Use as a comparable only please.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 04/29/2013

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 04/29/2013

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,834 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,512 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Carpet
  • City Lights Views
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 10 / A
  • Tax Tract Number 37
  • Assessor Parcel Number 8142001038

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $13,125
  • Gross Income $89,900
  • Net Operating Income $53,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

6,834 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Subdivision Name Other: Ocean View
  • View: Yes
  • Zoning: WHR4
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 8142001038
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 181.42
  • Room Type: All Bedrooms Up

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6834.00
  • Lot Size Acres: 0.1570

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 89900.00
  • Gross Multiplier: 11.74
  • Gross Scheduled Income: 89400.00
  • Gross Spendable Income: 89400.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6834.0000 Square Feet
  • Net Operating Income: 53640.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Drapes: 6
  • Number With Range: 6
  • Operating Expense: 31290.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 7250.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Area: 9-642
  • Tax Block: A
  • Tax Lot: 10
  • Tax Tract Number: 37
  • Tax Year: 2012

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
Sep 26, 2013
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
$750,000
Interest Rate
4.57%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 29, 2013
Closed on
Mar 31, 2013
Sold by
Bought by
Seller's Agent
James Joseph
Liberty Real Estate Services
Buyer's Agent
James Joseph
Liberty Real Estate Services
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%

Purchase Details

Closed on
Dec 15, 1994
Sold by
Bought by
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
-- Fidelity National Title Oran
$1,000,000 None Available
-- --
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 $700,000
Closed $750,000
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
04/29/2013 04/29/13 Sold $1,000,000 -4.8% $181 / Sq Ft
04/29/2013 04/29/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $1,050,000 -- $190 / 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
2025 $17,427 $1,231,420 $492,568 $738,852
2024 $16,025 $1,207,275 $482,910 $724,365
2023 $15,719 $1,183,604 $473,442 $710,162
2022 $15,442 $1,160,397 $464,159 $696,238
2021 $15,151 $1,137,645 $455,058 $682,587
2019 $14,744 $1,105,103 $441,561 $663,542
2018 $14,459 $1,083,458 $432,903 $650,555
2016 $13,933 $1,040,235 $416,094 $624,141
2015 $13,689 $1,024,610 $409,844 $614,766
2014 -- $1,004,540 $401,816 $602,724
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13077486

California Regional Multiple Listing Service (CRMLS)
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