NOT LISTED FOR SALE
8 Beds
6 Baths
5,428 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: July 25, 2014

Last sale price $12,000,000 $2,211 Per Sq Ft

17 Days on Market

Highlights

  • Creek or Stream View
  • Golden Hill Elementary School Rated A-
  • Property is near a preserve or public land

About This Home

As of July 2014

Six unit apartment building in quiet location. Two 2 bedroom units and 4 one bedroom units.

Last Agent to Sell the Property

Michael Daniels

Rancho Coastal Properties License #01112089 Listed on: 05/24/2014

Last Buyer's Agent

Ed Diaz

Vanguard Property Group License #01022469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 14,810 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached
  • Permanent Foundation

Interior Spaces

  • 5,428 Sq Ft Home
  • Creek or Stream Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3
  • Tax Tract Number 1760
  • Assessor Parcel Number 02833003

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Property is near a preserve or public land

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $2,400
  • Gardener Expense $2,400
  • Insurance Expense $3,600
  • Professional Management Expense $3,000
  • Trash Expense $1,140
  • Water Sewer Expense $4,800
  • New Taxes Expense $15,000
  • Gross Income $71,400
  • Net Operating Income $63,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0.34 Acres

Parking

6

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Subdivision Name Other: Sunny Ridge (SURG)
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 02833003
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 2210.76

Exterior Features

  • Foundation: Permanent
  • View: Creek/Stream
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1140.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Preserve/Public Land

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 14810.00
  • Lot Size Acres: 0.3400

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 678
  • Average2 Bed Area: 1023
  • Electric Expense: 2400.00
  • Gross Income: 71400.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 14810.0000 Square Feet
  • Net Operating Income: 63060.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 8340.00
  • Rent Control: No
  • Total Actual Rent: 71400.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 3
  • Tax Tract Number: 1760
  • Tax Year: 2013

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
May 14, 2014
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
$730,000
Interest Rate
0.0337%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 1996
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
$1,140,000 First American 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
Open $1,250,000
Closed $1,650,000
Previous Owner $730,000
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
07/25/2014 07/25/14 Sold $12,000,000 +823.8% $2,211 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
05/24/2014 05/24/14 For Sale $1,299,000 -- $239 / 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 $20,613 $1,691,450 $1,039,602 $651,848
2024 $19,473 $1,626,779 $1,019,218 $607,561
2023 $16,040 $1,316,902 $999,233 $317,669
2022 $15,421 $1,291,081 $979,640 $311,441
2021 $15,157 $1,265,766 $960,431 $305,335
2020 $15,071 $1,252,788 $950,583 $302,205
2019 $14,696 $1,228,224 $931,944 $296,280
2018 $14,477 $1,204,142 $913,671 $290,471
2017 $14,239 $1,180,532 $895,756 $284,776
2016 $13,949 $1,157,385 $878,192 $279,193
2015 $13,568 $1,140,000 $865,000 $275,000
2014 $2,730 $129,462 $48,036 $81,426
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14108207

California Regional Multiple Listing Service (CRMLS)

APN: 028-330-03

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