NOT LISTED FOR SALE
5 Beds
4 Baths
2,770 Sq Ft
6,098 Sq Ft Lot

Last Sold August 04, 2014

Last sale price $1,115,000 $403 Per Sq Ft

19 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Las Palmas Elementary School Rated A-
  • Cottage
  • 1-minute walk to Max Berg Park

About This Home

As of August 2014

Incredible opportunity with this charming 4-unit building. Located on large corner lot with lots of parking. Short walk to great beaches, popular school, parks and just minutes to downtown shopping/restaurants! Large 2 bedroom, 1 bath unit above garages and 3 other units consist of 1 bedroom, 1 bath. All units have private outdoor patios and 1 car garage, with driveway parking. On-site community, coin operated laundry units. Lots of charm and very well maintained building. Hard to find property and great opportunity for any investors, owner-users or vacation rentals. Hurry on this one!!

Last Agent to Sell the Property

Bill Conrad

Conrad Realtors Inc License #01461548 Listed on: 05/30/2014

Last Buyer's Agent

Craig Delahooke

Berkshire Hathaway HomeServices California Properties License #01942024

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,770 Sq Ft Home
  • Cottage
  • Bungalow

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Free-Standing Range
  • Laundry Room
  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 01
  • Tax Tract Number 793
  • Assessor Parcel Number 05805101

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,200
  • Maintenance Expense $1,500
  • Trash Expense $1,250
  • Water Sewer Expense $2,350
  • New Taxes Expense $11,890
  • Gross Income $6,180
  • Net Operating Income $55,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.67
  • Property Attached: No
  • Water Sewer Expenses: 2350.00
  • Architectural Style: Bungalow, Cottage
  • Property Type: Residential Income
  • Parcel Number: 05805101
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 402.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 6180.00
  • Gross Scheduled Income: 6180.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 55620.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18500.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 5980.00

Tax Info

  • New Taxes Expense: 11890.00
  • Tax Lot: 01
  • Tax Tract Number: 793

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2014 08/04/14 Sold $1,115,000 -6.2% $403 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $1,189,000 -- $429 / 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 $13,325 $1,340,058 $1,176,753 $163,305
2024 $13,325 $1,313,783 $1,153,680 $160,103
2023 $13,043 $1,288,023 $1,131,059 $156,964
2022 $12,795 $1,262,768 $1,108,881 $153,887
2021 $12,548 $1,238,008 $1,087,138 $150,870
2020 $12,423 $1,225,314 $1,075,990 $149,324
2019 $12,179 $1,201,289 $1,054,892 $146,397
2018 $11,945 $1,177,735 $1,034,208 $143,527
2017 $11,712 $1,154,643 $1,013,930 $140,713
2016 $11,487 $1,132,003 $994,049 $137,954
2015 $11,314 $1,115,000 $979,118 $135,882
2014 $11,024 $1,085,919 $915,359 $170,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14112483

California Regional Multiple Listing Service (CRMLS)

APN: 058-051-01