NOT LISTED FOR SALE
6 Beds
4 Baths
2,462 Sq Ft
3,920 Sq Ft Lot

Last Sold April 09, 2015

Last sale price $825,000 $335 Per Sq Ft

128 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Las Palmas Elementary School Rated A-
  • Balcony
  • 4-minute walk to Max Berg Park

About This Home

As of April 2015

Huge $50,000 Price reduction. Both units been occupied for a long time.Seller says sell. Remodeled Duplex with Great income on the ocean side of El Camino Real. Townhouse style.Both units enjoy huge balconies with Three Bedrooms, Two bathrooms each and attached two car garage each (Tandem), plus 2 more spaces on the driveway, parking is rare and difficult to find in this area. Each unit also enjoys a fireplace in the family room.If you are in the market for a great income producing Multi-Unit Building this can be one you should look at. It is close to shopping, restaurants and freeway or public transportation

Last Agent to Sell the Property

Mike Toumayan

HomeSmart, Evergreen Realty License #01246156 Listed on: 09/24/2014

HomeSmart, Evergreen Realty

Co-Listed By

Bradley Parks

HomeSmart, Evergreen Realty License #01240986

Last Buyer's Agent

Ernie Vique

Land Pacific Realty License #01366226

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 3,920 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 2,462 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Ocean Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 47 / 14
  • Tax Tract Number 793
  • Assessor Parcel Number 05805262

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $180
  • Insurance Expense $1,400
  • Trash Expense $240
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,707
  • Gross Income $3,800
  • Net Operating Income $33,873

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.76
  • Other Phone Description: Brad Parks
  • Other Phone Number: 949-500-4195
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 05805262
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 335.09

Exterior Features

  • View: Ocean
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 240.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 3800.00
  • Gross Multiplier: 19.73
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 33873.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 11727.00
  • Rent Control: No
  • Total Actual Rent: 3800.00

Tax Info

  • New Taxes Expense: 5707.00
  • Tax Block: 14
  • Tax Lot: 47
  • Tax Tract Number: 793
  • Tax Year: 2013

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
04/09/2015 04/09/15 Sold $825,000 -8.3% $335 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
09/24/2014 09/24/14 For Sale $900,000 -- $366 / 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: OC14206709

California Regional Multiple Listing Service (CRMLS)

APN: 058-052-62