NOT LISTED FOR SALE

Estimated Value: $942,852 - $1,051,000

4 Beds
2 Baths
1,500 Sq Ft
$655/Sq Ft Est. Value

Last Sold August 31, 2015

Last sale price $419,900 $280 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $5,975/month

91 Days on Market

Highlights

  • Heating System Uses Natural Gas
  • 1-Story Property
  • 3-minute walk to Joseph Balderrama Park

About This Home

As of August 2015

Great Investment opportunity! This is a 2 unit dwelling with solid seasoned tenants. Property has several upgrades including, Newer roof, Newer stucco/paint inside and out. Newer appliances. Nicely kept landscaping. Units feature front and rear access and private yards for both units. This property is ready to go! Neighborhoods: Oceanside Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1418 Unit # for Unit 2: 1420 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Christopher Rodriguez

Maximum Mrtg & Real Estate Inc License #01756431 Listed on: 05/02/2015

Last Buyer's Agent

Linda Charman

Thunderbird Real Estate License #00695795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,505

Year Built

  • Built in 1954

Lot Details

  • 4,922

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Manual Sprinklers System

Community Details

  • 2 Units
  • Net Operating Income $26,800

Listing and Financial Details

  • Tenant pays for sewer, trash collection, water, cable TV, electricity, grounds care, gas
  • Assessor Parcel Number 1481411600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,505

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 6.72
  • Subdivision Name Other: Oceanside
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 1481411600
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas

Lot Info

  • Lot Features: Sprinklers Manual

Rental Info

  • Tenant Pays: Sewer, Trash Collection, Water, Cable TV, Electricity, Grounds Care, Gas

Multi Family

  • Gross Scheduled Income: 28800.00
  • Net Operating Income: 26800.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2015
Sold by
Cunningham Mark and Cunningham Cristi
Bought by
Nguyen Bang Hai and Nguyen Brigitte Ngoc
Total Days on Market
91
Current Estimated Value
$982,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2004
Sold by
Mchale Scott C
Bought by
Cunningham Mark and Cunningham Cristi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,400
Interest Rate
3.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 12, 1999
Sold by
Snow Gilbert H
Bought by
Mchale Scott C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,250
Interest Rate
7.5%

Purchase Details

Closed on
Aug 23, 1999
Sold by
Trust Margolin Leonid & Margarita Family and Margolin Leonid
Bought by
Margolin Leonid and Margolin Margarita

Purchase Details

Closed on
Aug 19, 1999
Sold by
Margolin and Margarita
Bought by
Snow Gilbert H

Purchase Details

Closed on
Dec 5, 1994
Sold by
Margolin and Margarita
Bought by
Margolin Leonid and Margolin Margarita

Purchase Details

Closed on
Mar 18, 1985
Source: Public Records

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Range of Values:

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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
Nguyen Bang Hai $419,000 Fidelity National Title Co
Cunningham Mark $388,000 First American Title
Mchale Scott C $145,000 Old Republic Title Company
Mchale Scott C -- Old Republic Title Company
Margolin Leonid -- Old Republic Title Company
Snow Gilbert H $132,500 Old Republic Title Company
Margolin Leonid -- --
-- $69,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Bang Hai $269,000
Previous Owner Cunningham Mark $297,486
Previous Owner Cunningham Mark $307,000
Previous Owner Cunningham Mark $307,000
Previous Owner Cunningham Mark $310,400
Previous Owner Mchale Scott C $276,000
Previous Owner Mchale Scott C $150,000
Previous Owner Mchale Scott C $129,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2015 08/31/15 Sold $419,900 0.0% $280 / Sq Ft
08/01/2015 08/01/15 Pending -- -- --
05/02/2015 05/02/15 For Sale $419,900 -- $280 / 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
2024 $5,505 $486,277 $345,954 $140,323
2023 $5,336 $476,743 $339,171 $137,572
2022 $5,255 $467,396 $332,521 $134,875
2021 $5,276 $458,232 $326,001 $132,231
2020 $5,114 $453,535 $322,659 $130,876
2019 $4,966 $444,643 $316,333 $128,310
2018 $4,914 $435,926 $310,131 $125,795
2017 $4,824 $427,379 $304,050 $123,329
2016 $4,668 $419,000 $298,089 $120,911
2015 $3,854 $350,000 $249,000 $101,000
2014 $3,248 $300,000 $214,000 $86,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 150023730

California Regional Multiple Listing Service (CRMLS)

APN: 148-141-16