NOT LISTED FOR SALE
4 Beds
5 Baths
3,000 Sq Ft
2,614 Sq Ft Lot

Last Sold February 28, 2024

Last sale price $2,050,000 $683 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Agnes L. Smith Elementary Rated A-

About This Home

As of February 2024

This exceptional 4-unit in Sunset Beach is steps to the beach and crashing waves and presents an excellent investment opportunity. The unbeatable coastal location provides easy access to not just the beach, but shops, restaurants, great surfing and more. The 4 units consist of a 2 bedroom 2 bath, two 1-bed, 1-bath, as well as a studio. Additionally there is on-site laundry and 3 enclosed garages for the larger units as well as off-street parking for the studio. Always rented! Use one of the units for yourself and or short term rental and continue to rent out the rest, it’s up to you. Living is easy, at the beach! Please do not disturb occupants.

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996 Listed on: 01/08/2024

Pacific Sotheby's Int'l Realty

Co-Listed By

David Biehler

Pacific Sotheby's Int'l Realty License #01030261

Last Buyer's Agent

Ann Tuler

First Team Real Estate License #01006772

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 2,614 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Quadruplex
  • Entry on the 2nd floor

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 6 / 116
  • Tax Tract Number 757
  • Assessor Parcel Number 17852616

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Sunset Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $4,000
  • Water Sewer Expense $600
  • New Taxes Expense $24,000
  • Operating Expense $29,885
  • Gross Income $100,500
  • Net Operating Income $70,615

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 525000
  • Property Attached: Yes
  • Subdivision Name Other: Sunset Beach (SUNB)
  • Water Sewer Expenses: 600.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 17852616
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: one
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 683.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Average Studio Area: 400 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 100500.00
  • Gross Scheduled Income: 100500.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 70615.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 29885.00
  • Rent Control: Yes
  • Total Actual Rent: 8375.00
  • Total Expenses: 29885.00

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Block: 116
  • Tax Census Tract: 995.06
  • Tax Lot: 6
  • Tax Tract Number: 757

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
02/28/2024 02/28/24 Sold $2,050,000 -2.4% $683 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $2,100,000 -- $700 / 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: OC24003888

California Regional Multiple Listing Service (CRMLS)