NOT LISTED FOR SALE

Estimated Value: $1,097,000 - $1,254,000

10 Beds
6 Baths
3,734 Sq Ft
$319/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $998,888 $268 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,525/month

59 Days on Market

Highlights

  • Main Floor Bedroom
  • Laundry Room
  • Tile Flooring
  • No HOA
  • Accessible Parking
  • Central Heating and Cooling System

About This Home

As of July 2022

Buyer couldn't close and back on the market - Motivated Seller. Great duplex investment opportunity. Both units 5 bedrooms/3 bathrooms with 3734 total square feet. 1 bedroom downstairs and 4 bedrooms upstairs. Newer build (2017) with upgraded kitchen and bathrooms. 3 car garage with ample parking. No Rent Control and centrally located. Both units leased with paying tenants and rent upside on the front unit.

Last Agent to Sell the Property

Steve Patton

HCM Real Estate License #01263345 Listed on: 04/25/2022

Last Buyer's Agent

Julie Olsen

Olsen Realty License #01435744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,943

Year Built

  • Built in 2017 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 40x125
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Fire Rated Drywall
  • Asphalt Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 3,734 Sq Ft Home
  • 2-Story Property
  • Family Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Water Line To Refrigerator

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Accessible Parking

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 59
  • Tax Tract Number 2402
  • Assessor Parcel Number 6040035020
  • $369 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Built by Ocean Development

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,260
  • Trash Expense $1
  • Water Sewer Expense $6,600
  • New Taxes Expense $12,428
  • Operating Expense $20,289
  • Gross Income $74,400
  • Net Operating Income $54,111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,943

Year Built

Built in 2017 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 499444
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 6600.00
  • Zoning: LAR2
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6040035020
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 267.51
  • Room Type: Family Room, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Builder Name: Ocean Development
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Drywall Walls, Synthetic Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator, Water Line to Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 40x125
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 74400.00
  • Gross Operating Income: 74400.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 1260.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 54111.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 20289.00
  • Rent Control: No
  • Total Actual Rent: 6200.00
  • Total Expenses: 20289.00

Tax Info

  • New Taxes Expense: 12428.00
  • Tax Census Tract: 2402.00
  • Tax Lot: 59
  • Tax Tract Number: 2402
  • Tax Annual Amount: 9943.00
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2017
Sold by
Ocean Development Inc
Bought by
Deguzman Hernan and Deguzman Suanne
Current Estimated Value
$1,190,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2017
Closed on
Feb 8, 2017
Sold by
Lopez Ramon
Bought by
Ocean Development Inc
Seller's Agent
Luis Guevara
eXp Realty of Southern CA
Buyer's Agent
Luis Guevara
eXp Realty of Southern CA
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.60%
Original Mortgage
$270,000
Interest Rate
4.12%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 29, 2016
Sold by
Lopez Rosa
Bought by
Lopez Ramon

Purchase Details

Closed on
May 12, 2014
Sold by
Lopez Ramon
Bought by
Lopez Rosa
Source: Public Records

Range of Values:

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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
Deguzman Hernan $775,000 Lawyers Title
Ocean Development Inc $300,000 Pacific Coast Title
Lopez Ramon -- None Available
Lopez Rosa -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deguzman Hernan $388,246
Previous Owner Deguzman Hernan $390,000
Previous Owner Ocean Development Inc $270,000
Previous Owner Ocean Development Inc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $998,888 0.0% $268 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $998,888 0.0% $268 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/27/2022 05/27/22 Price Changed $998,888 -8.8% $268 / Sq Ft
05/13/2022 05/13/22 Price Changed $1,095,000 -8.4% $293 / Sq Ft
04/25/2022 04/25/22 For Sale $1,195,000 +298.3% $320 / Sq Ft
03/06/2017 03/06/17 Sold $300,000 0.0% $577 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $300,000 -- $577 / 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
2025 $12,630 $1,039,359 $468,180 $571,179
2024 $12,630 $1,018,980 $459,000 $559,980
2023 $12,387 $999,000 $450,000 $549,000
2022 $10,082 $830,955 $536,100 $294,855
2021 $9,943 $814,663 $525,589 $289,074
2019 $9,646 $790,500 $510,000 $280,500
2018 $9,610 $775,000 $500,000 $275,000
2017 $846 $58,845 $23,537 $35,308
2016 $823 $57,692 $23,076 $34,616
2015 $813 $56,827 $22,730 $34,097
2014 -- $55,715 $22,285 $33,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22084027

California Regional Multiple Listing Service (CRMLS)

APN: 6040-035-020