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

Sale Details

Date Sold: August 4, 2014

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

19 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Wall Furnace
  • 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 in unit
  • 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

6,098 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Bought by

Purchase Details

Listed on
May 30, 2014
Closed on
Jun 20, 2014
Sold by
Bought by
Seller's Agent
Bill Conrad
Conrad Realtors Inc
Buyer's Agent
Craig Delahooke
Berkshire Hathaway HomeServices California Properties
List Price
$1,189,000
Sold Price
$1,115,000
Premium/Discount to List
-$74,000
-6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,750
Interest Rate
0.0487%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 2, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$881,500
Interest Rate
0.0621%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,500
Interest Rate
0.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,200
Interest Rate
0.0714%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
0.067%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 1994
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,115,000 First American Title Company
-- Landamerica Southland Title
$955,000 --
$466,000 First Southwestern Title Co
-- Fidelity National Title Co
$244,000 California Counties Title Co
$280,448 World Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $724,750
Previous Owner $881,500
Previous Owner $668,500
Previous Owner $100,000
Previous Owner $574,000
Previous Owner $516,000
Previous Owner $363,200
Previous Owner $217,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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