$1,925,000
SOLD FEB 14, 2025
3 Beds
3 Baths
1,134 Sq Ft
2,700 Sq Ft Lot

Recently Sold

$1,698 Per Sq Ft

23% Below List Price

322 Days on Market

Highlights

  • Property has ocean access
  • Peek-A-Boo Views
  • Property is near a park
  • Agnes L. Smith Elementary Rated A-
  • Open Floorplan
  • 1-minute walk to Linear Park

About This Home

As of February 2025

Great Investment Opportunity in Sunset Beach! Great Financial Numbers! Two Unit Income Producing Property Steps from the Sand and Surf! Downstairs Unit Consists of a Permitted and Thriving Weekly Rental Unit, and is a 2 Bedroom, 1.5 Bathroom, with a Large Dining/Living Room, Patio and Free Standing Studio with Shower and Sink, Long Driveway and Single Car Garage! Spacious 1 Bedroom, 1 Bathroom Upstairs Apartment is Currently Rented Month to Month for Continuous Year Long Income. Use One Residence and Rent the Other! Playground and Park Across the Street on Greenbelt/Medium, Bolsa Chica with Fire Pits a Short Walk Away, and Walk to Many of the Local Restaurants Nearby! All Financial Information is Based on Realistic Projections of 75% Occupancy at $400/Day for the Weekly Rental, and $3,200/mo. for the Monthly Rental. Price Includes Approved Plans for Two Spectacular Townhomes with Rooftop Decks and Fantastic Views!

Last Agent to Sell the Property

Dave Chamberlain

Team Chamberlain Realty Exe. Brokerage Phone: 714-875-5330 License #00762670 Listed on: 02/21/2024

Team Chamberlain Realty Exe.

Last Buyer's Agent

Katrina Do

Real Broker License #02142741

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,143

Year Built

  • Built in 1947

Lot Details

  • 2,700 Sq Ft Lot
  • 1 Common Wall
  • Vinyl Fence
  • Corner Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Driveway

Property Views

  • Peek-A-Boo
  • Park or Greenbelt

Home Design

  • Duplex
  • Cottage
  • Turnkey
  • Composition Roof

Interior Spaces

  • 1,134 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Entryway
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Mirrored Closets Doors
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Floor Furnace
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 1 / 105
  • Tax Tract Number 757
  • Assessor Parcel Number 17854512
  • $901 per year additional tax assessments

Community Details

Overview

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

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $600
  • Electric Expense $1,800
  • Fuel Expense $360
  • Insurance Expense $1,200
  • Maintenance Expense $600
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $22,604
  • Gross Income $147,900
  • Net Operating Income $125,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,143

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.64
  • Price Per Unit: 997998
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Sunset Beach (SUNB)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 17854512
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Granite Counters, Open Floorplan
  • Stories: 2
  • Entry Location: Through Patio
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1697.53
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • View: Park/Greenbelt, Peek-A-Boo
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 2700.00
  • Lot Size Acres: 0.0620

Multi Family

  • Cable TV Expense: 600.00
  • Electric Expense: 1800.00
  • Fuel Expense: 360.00
  • Gross Income: 147900.00
  • Gross Multiplier: 18.25
  • Gross Scheduled Income: 147900.00
  • Gross Spendable Income: 125286.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2700.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 125286.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 22614.00
  • Rent Control: Yes
  • Total Expenses: 22604.00
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Block: 105
  • Tax Census Tract: 995.06
  • Tax Lot: 1
  • Tax Tract Number: 757
  • TaxOtherAnnualAssessmentAmount: 901.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Jan 21, 2025
Sold by
Nguyen Elizabeth Hoai Huong Vu
Bought by
Truong Vu Dang
Seller's Agent
Dave Chamberlain
Team Chamberlain Realty Exe.
Buyer's Agent
Katrina Do
Real Broker
List Price
$2,495,000
Sold Price
$1,925,000
Premium/Discount to List
-$570,000
-22.85%
Views
305
Current Estimated Value
$1,895,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,245
Avg. Annual Appreciation
-3.67%
Original Mortgage
$1,077,000
Outstanding Balance
$1,074,289
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$821,466

Purchase Details

Listed on
Feb 21, 2024
Closed on
Jan 9, 2025
Sold by
17125 4Th Street Sunset Beach Llc
Bought by
Truong Vu Dang
Seller's Agent
Dave Chamberlain
Team Chamberlain Realty Exe.
Buyer's Agent
Katrina Do
Real Broker
List Price
$2,495,000
Sold Price
$1,925,000
Premium/Discount to List
-$570,000
-22.85%
Views
305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,077,000
Outstanding Balance
$1,074,289
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$821,466

Purchase Details

Closed on
Sep 13, 2021
Sold by
4Th Street Development Llc
Bought by
17125 4Th Street Sunset Beach Llc

Purchase Details

Closed on
Feb 14, 2020
Sold by
Hanna Steven M
Bought by
4Th Street Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2020
Sold by
Hanna Jamie S
Bought by
Hanna Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2020
Sold by
Port Properties Inc
Bought by
Hanna Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2018
Sold by
Hanna Steven M and Hanna Jamie S
Bought by
4Th Street Development Llc

Purchase Details

Closed on
Mar 19, 2015
Sold by
Metzger Christopher William and Brieden Edwin Jacob
Bought by
Port Properties Inc

Purchase Details

Closed on
Mar 16, 2015
Sold by
Brieden Edwin Jacob and Mcinnes Mai Ling
Bought by
Brieden Edwin Jacob and Mcinnes Mai Ling

Purchase Details

Listed on
Feb 7, 2013
Closed on
Apr 16, 2013
Sold by
Metzger Wendy Lorraine
Bought by
Metzger Christopher William and Metzger Chris
Seller's Agent
Carl Wuestehube
Tri-Star Realty
Buyer's Agent
Dave Troutt
Seven Gables Real Estate
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%

Purchase Details

Listed on
Feb 7, 2013
Closed on
Mar 18, 2013
Sold by
Auten Jan Marie and Bonomi John Loyd
Bought by
Metzger Chris
Seller's Agent
Carl Wuestehube
Tri-Star Realty
Buyer's Agent
Dave Troutt
Seven Gables Real Estate
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Purchase Details

Closed on
Apr 23, 2008
Sold by
Bonomi John Loyd and Bonomi Diane P
Bought by
Bonomi John Loyd and Bonomi Diane P

Purchase Details

Closed on
Oct 9, 2007
Sold by
Citiwide Financial Group Inc
Bought by
Halaka Evon

Purchase Details

Closed on
Sep 13, 2005
Sold by
Bonomi Joel Steven
Bought by
Auten Jan Marie

Purchase Details

Closed on
Nov 29, 2001
Sold by
Bonomi Mary Jane
Bought by
Bonomi John Loyd and Bonomi Joel Steven
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

Date Type Sale Price Title Company
Grant Deed -- Orange Coast Title
Grant Deed $1,925,000 Orange Coast Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Wfg Title Company
Grant Deed $1,201,500 Wfg National Title Company
Quit Claim Deed -- None Available
Grant Deed $1,200,000 Ticor Title Company
Interfamily Deed Transfer -- Fatco
Interfamily Deed Transfer -- None Available
Grant Deed $503,500 None Available
Grant Deed $1,000,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- Accommodation
Quit Claim Deed $278,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,077,000 New Conventional
Previous Owner $1,330,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2025 02/14/25 Sold $1,925,000 -3.6% $1,698 / Sq Ft
12/18/2024 12/18/24 Price Changed $1,995,995 -7.2% $1,760 / Sq Ft
07/17/2024 07/17/24 Price Changed $2,150,000 -3.2% $1,896 / Sq Ft
07/01/2024 07/01/24 Price Changed $2,220,000 -1.1% $1,958 / Sq Ft
06/01/2024 06/01/24 Price Changed $2,245,000 -2.2% $1,980 / Sq Ft
04/19/2024 04/19/24 Price Changed $2,295,000 -4.2% $2,024 / Sq Ft
04/04/2024 04/04/24 Price Changed $2,395,000 -4.0% $2,112 / Sq Ft
02/21/2024 02/21/24 For Sale $2,495,000 0.0% $2,200 / Sq Ft
12/19/2014 12/19/14 Rented $1,850 -5.1% --
11/19/2014 11/19/14 Under Contract -- -- --
10/28/2014 10/28/14 For Rent $1,950 +5.4% --
09/07/2013 09/07/13 Rented $1,850 -2.4% --
08/25/2013 08/25/13 Under Contract -- -- --
08/10/2013 08/10/13 For Rent $1,895 0.0% --
03/27/2013 03/27/13 Sold $1,000,000 -13.0% $882 / Sq Ft
03/15/2013 03/15/13 Pending -- -- --
02/07/2013 02/07/13 For Sale $1,150,000 -- $1,014 / 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
2024 $15,143 $1,262,674 $1,216,787 $45,887
2023 $14,519 $1,237,916 $1,192,928 $44,988
2022 $14,165 $1,213,644 $1,169,538 $44,106
2021 $14,176 $1,213,644 $1,169,538 $44,106
2020 $15,360 $1,316,580 $1,273,297 $43,283
2019 $15,180 $1,290,765 $1,248,330 $42,435
2018 $14,981 $1,267,519 $1,225,848 $41,671
2017 $14,794 $1,242,666 $1,201,812 $40,854
2016 $14,156 $1,218,300 $1,178,247 $40,053
2015 $12,014 $1,024,610 $986,866 $37,744
2014 $11,779 $1,004,540 $967,535 $37,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24034979

California Regional Multiple Listing Service (CRMLS)

APN: 178-545-12