NOT LISTED FOR SALE

1780 47th Ave Unit 1 Capitola, CA 95010

Estimated Value: $1,629,000 - $2,938,000

8 Beds
4 Baths
2,893 Sq Ft
$753/Sq Ft Est. Value

Last Sold March 06, 2015

Last sale price $1,140,000 $394 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $12,758/month

130 Days on Market

About This Home

As of March 2015

Solid Capitola 4plex! One block from Jewel Box, short walk to Shadowbrook and Capitola Village/Beach. Current rents are low. Market rents (in my opinion) should be at least $1500-$1600. Even higher rental upside possible with upgrades to units. Updated units across street are renting for $1750/mo. Rear unit has private yard, upper units have balconies. Large laundry room for extra income. Street is a mix of multi-res and custom homes.

Last Agent to Sell the Property

Zack Silva

Silva Properties License #01331098 Listed on: 10/12/2014

Last Buyer's Agent

Pete Cullen

Bailey Properties License #01375721

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 3,920

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,893 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $67,320
  • The owner pays for garbage, water

Community Details

Overview

  • 2,893 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $1,700
  • Utility Expense $3,403
  • Trash Expense $1,677
  • Operating Expense $11,527
  • Gross Income $68,673

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Zoning: R-1
  • Subclass: Fourplex
  • Inspections Reports: Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2893
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2893
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Spaces Per Unit - 1, Carport
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Locker

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 3920.00
  • Lot Size Area Min Search: 3920.00
  • Maximum Lot Size: 3920.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.26
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1700
  • Expenses Total: 11527
  • Expenses Utility: 3403
  • Expense Trash: 1677
  • Expense Water Sewer: 2451
  • Income Annual Gross: 68673.00
  • Income Annual Rental: 67320
  • Income Gross Scheduled: 68673
  • Income Includes: Laundry, Lease
  • Income Laundry: 1346
  • Income Other: 1353
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2014
Closed on
Mar 3, 2015
Sold by
Wade Wendy Marie and The Wendy Marie Wade Trust
Bought by
The Barry J Welch & Katherine S Welch 20
Seller's Agent
Zack Silva
Silva Properties
Buyer's Agent
Pete Cullen
Bailey Properties
List Price
$1,225,000
Sold Price
$1,140,000
Premium/Discount to List
-$85,000
-6.94%
Current Estimated Value
$2,177,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,037,525
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Jul 5, 2001
Sold by
Wade Wendy M
Bought by
Wade Wendy Marie and The Wendy Marie Wade Trust

Purchase Details

Closed on
Mar 31, 1999
Sold by
Silva Joseph H
Bought by
Wade Wendy M

Purchase Details

Closed on
Mar 20, 1995
Sold by
Wade Robert L and Wade Shirley B
Bought by
Silva Joseph H and Silva Wendy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
8.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Barry J Welch & Katherine S Welch 20 $1,140,000 Old Republic Title Company
Wade Wendy Marie -- Santa Cruz Title Company
Wade Wendy M -- --
Silva Joseph H -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silva Joseph H $262,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2015 03/06/15 Sold $1,140,000 -6.9% $394 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
10/12/2014 10/12/14 For Sale $1,225,000 -- $423 / Sq Ft
Source: MLSListings

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
2025 $18,625 $1,370,110 $709,092 $661,018
2023 $18,123 $1,316,907 $681,557 $635,350
2022 $17,824 $1,291,085 $668,193 $622,892
2021 $17,334 $1,265,769 $655,091 $610,678
2020 $17,094 $1,252,791 $648,374 $604,417
2019 $16,690 $1,228,226 $635,661 $592,565
2018 $16,361 $1,204,143 $623,197 $580,946
2017 $16,103 $1,180,534 $610,978 $569,556
2016 $15,211 $1,157,386 $598,998 $558,388
Source: Public Records

Agents Affiliated with this Home

  • Zack Silva

    Seller's Agent in 2015

    Zack Silva

    Silva Properties

    (831) 465-8325

    6 Total Sales

    Zack Silva
    Section Image
  • Pete Cullen

    Buyer's Agent in 2015

    Pete Cullen

    Bailey Properties

    (831) 440-8262

    61 Total Sales

    Pete Cullen
    Section Image
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Map

Source: MLSListings

MLS Number: ML81437155

MLSListings

APN: 034-022-29-000

California Santa Cruz County Capitola 95010

1780 47th Ave Unit 1, Capitola, CA

Not Listed for Sale

MultiFamily

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