NOT LISTED FOR SALE

1397 38th Ave Capitola, CA 95010

Estimated Value: $1,566,378 - $3,251,000

5 Beds
6 Baths
3,389 Sq Ft
$597/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $1,595,000 $471 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,416/month

41 Days on Market

Highlights

  • Contemporary Architecture
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Mission Hill Middle School Rated A-
  • Secured Garage or Parking
  • Security Fence

About This Home

As of October 2024

Living the Dream Life in Capitola! You'll love this light and bright townhome style duplex w/two end units quietly situated close to everything Capitola, yet not impacted by the crowds. This is what Walkable is all about! Movies, surfing, shopping, restaurants....everything is close. Do you want to live on one side and get income from the other side? Some people have been so happy they have stayed a long time! Side A has 2 Primary Suites and a half bath downstairs...is vacant and remodeled....Kitchen New Quartz counter tops, cabinets, flooring, sink, faucet, light fixture, microwave, Kitchen Aide stove & refrigerator. Dishwasher is one year old! Both baths on Side A have new cabinets, quartz counter tops, double sinks and faucets and New flooring (High End Composite Flooring). Freshly painted inside! Side A rent is projected. Side B is tenant occupied. Side B ....3 Bedrooms/2.5 baths has.... New flooring (High End Composite Flooring) throughout the unit, New Kitchen Aide stove! New faucets in upstairs bathrooms on side B. There are a total of 6 parking spaces on this duplex (2 in garages, 2 in driveway, 2 in designated parking spaces). Both sides have spacious yards that are very private with cement patios and garden space.

Last Agent to Sell the Property

Judy Brose

CENTURY 21 Masters License #00932357 Listed on: 08/16/2024

CENTURY 21 Masters

Last Buyer's Agent

Winnie Kepler

Coastal Properties Of California License #00679131

Property Details

Home Type

  • Multi-Family

Year Built

  • 1990

Lot Details

  • 7,492 Sq Ft Lot
  • Security Fence

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,389 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $87,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,500
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Manager Expense $3,000
  • Operating Expense $17,000
  • Gross Income $87,600

Property Details

Home Type

Multi-Family

Year Built

1990

Lot Details

0

Parking

2

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3389
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Living Sq Ft: 3389
  • Stories: 2
  • Security: Secured Garage / Parking, Security Fence
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, Parking Area

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7492.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7492.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 19.28
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Landscape: 1500
  • Expense Maintenance: 2000
  • Expense Management: 3000
  • Expenses Total: 17000
  • Income Annual Gross: 87600.00
  • Income Annual Rental: 87600
  • Income Gross Scheduled: 87600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance - Repair, Utilities - Water
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2025
Sold by
Gong Xiaohong Lu and Gong Benson Shuen
Bought by
Gong Family Trust and Gong
Current Estimated Value
$2,021,845

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 18, 2024
Sold by
Finato Family Living Trust and Finato Vincent J
Bought by
Gong Benson Shuen Kong and Gong Xiaohong Lu
Seller's Agent
Judy Brose
CENTURY 21 Masters
Buyer's Agent
Winnie Kepler
Coastal Properties Of California
List Price
$1,779,000
Sold Price
$1,595,000
Premium/Discount to List
-$184,000
-10.34%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.05%
Original Mortgage
$800,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2016
Sold by
Finato Vincent J and Finato Diana L
Bought by
Finato Vincent J and Finato Diana L

Purchase Details

Closed on
Jun 16, 1998
Sold by
Mueller John F
Bought by
Finato Vincent J and Finato Diana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Gong Family Trust -- None Listed On Document
Gong Benson Shuen Kong $1,595,000 First American Title Company
Finato Vincent J -- None Available
Finato Vincent J $381,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gong Benson Shuen Kong $800,000
Previous Owner Finato Vincent J $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold $1,595,000 -5.6% $471 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/13/2024 09/13/24 Price Changed $1,689,000 -5.1% $498 / Sq Ft
08/16/2024 08/16/24 For Sale $1,779,000 -- $525 / Sq Ft
Source: MLSListings

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 $10,246 $1,595,000 $850,000 $745,000
2023 $9,766 $713,672 $329,977 $383,695
2022 $9,514 $699,679 $323,507 $376,172
2021 $9,267 $685,960 $317,164 $368,796
2020 $9,142 $678,926 $313,912 $365,014
2019 $8,939 $665,613 $307,756 $357,857
2018 $8,753 $652,562 $301,722 $350,840
2017 $8,579 $639,765 $295,805 $343,960
2016 $8,374 $627,221 $290,005 $337,216
2015 $8,163 $617,800 $285,649 $332,151
2014 $8,023 $605,699 $280,054 $325,645
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81977032

MLSListings

APN: 034-181-37-000