NOT LISTED FOR SALE
3 Beds
2 Baths
1,410 Sq Ft
4,177 Sq Ft Lot

Last Sold December 03, 2019

Last sale price $905,000 $642 Per Sq Ft

39 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Ceramic Countertops
  • Las Palmas Elementary School Rated A-
  • Crown Molding
  • 4-minute walk to Max Berg Park

About This Home

As of December 2019

Excellent location and great investment opportunity in North Beach! Located within walking distance to the beach, the San Clemente Beach Trail and Las Palmas, a popular elementary school! Two units offering a great option for owner-user to live in one unit and rent the other or buy as a cash flow property! All single level! One unit is 2bdr/1ba and the other unit is 1bdr/1ba. Each unit has a 1 car attached garage. The 1 bed unit has newer floors in the living room and bedrooms and dual pane vinyl windows. The 2 bed unit offers a quaint and private backyard space. Community laundry room with stackable laundry machines. Hurry on this incredible investment opportunity by the beach! Located west of the freeway and North El Camino Real/PCH in North Beach!

Last Agent to Sell the Property

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 09/12/2019

Co-Listed By

Bill Conrad

Conrad Realtors Inc License #01461548

Last Buyer's Agent

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 09/12/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,691

Year Built

  • Built in 1955

Lot Details

  • 4,177 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Bungalow
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,410 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Sliding Doors
  • Panel Doors
  • Laundry Room

Kitchen

  • Gas Range
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 793
  • Assessor Parcel Number 69238204

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,200
  • Water Sewer Expense $1,500
  • New Taxes Expense $9,691
  • Operating Expense $13,500
  • Gross Income $54,000
  • Net Operating Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,691

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.20
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 69238204
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Crown Molding
  • Stories: 1
  • Entry Location: Ground Level No Steps
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Panel Doors, Sliding Doors
  • Levels: One
  • Price Per Square Foot: 641.84
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4177.00
  • Lot Size Acres: 0.0959

Multi Family

  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4177.0000 Square Feet
  • Net Operating Income: 40500.00
  • 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: 13500.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 2600.00
  • Total Expenses: 13500.00

Tax Info

  • New Taxes Expense: 9691.00
  • Tax Lot: 2
  • Tax Tract Number: 793
  • Tax Annual Amount: 9691.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2019 12/03/19 Sold $905,000 -6.6% $642 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $969,000 -- $687 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19216589

California Regional Multiple Listing Service (CRMLS)

APN: 692-382-04