NOT LISTED FOR SALE
5 Beds
3 Baths
4,255 Sq Ft
7,405 Sq Ft Lot

Last Sold September 04, 2013

Last sale price $775,000 $182 Per Sq Ft

12 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • Marine View Middle Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of September 2013

Great 4 Units near the beach. The units consist of three 2 bedroom and 1 bath and one 3 bedroom and 2 bath. Each unit has a patio. There is a two car garage in the rear. The property is a great property for an investor who can get the property in shape. There is some deferred maintenance.

Last Agent to Sell the Property

Bryan Kazarian

R.A.D.C Real Estate License #01393559 Listed on: 07/12/2013

Last Buyer's Agent

Albert Fiorini

First Team Real Estate License #01066000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Fixer Upper
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,255 Sq Ft Home
  • Carpet
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5057
  • Assessor Parcel Number 16523315

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $2,200
  • New Taxes Expense $10,500
  • Gross Income $5,700
  • Net Operating Income $49,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.90
  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 16523315
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 182.14

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1200
  • Electric Expense: 1200.00
  • Gross Income: 5700.00
  • Gross Multiplier: 12.20
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 49600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 15750.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Vacancy Allowance: 3150
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10500.00
  • Tax Area: 04010
  • Tax Lot: 5
  • Tax Tract Number: 5057
  • Tax Year: 2012

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
09/04/2013 09/04/13 Sold $775,000 -7.2% $182 / Sq Ft
07/24/2013 07/24/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $834,750 -- $196 / 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: PW13136648

California Regional Multiple Listing Service (CRMLS)

APN: 165-233-15