NOT LISTED FOR SALE
4 Beds
-- Bath
1,637 Sq Ft
6,970 Sq Ft Lot

Last Sold December 09, 2013

Last sale price $650,000 $397 Per Sq Ft

17 Days on Market

Highlights

  • Tile Flooring
  • 1-Story Property
  • 4-minute walk to Sherman Oaks Community Center and Playground
  • Del Mar High School Rated A-

About This Home

As of December 2013

Duplex with great income potential! Centrally located 2 bed/1ba units, attached 1 car garages, backyards with newer fences, new roof, all new paint, new light fixtures in 1972 unit! Net income resulting from previous low rents and recent improvements. Please don't disturb current tenant in 1970 unit! Fireplace, carpet and larger yard in 1970. 1972 unit is vacant and in ready to rent condition!!!

Last Agent to Sell the Property

Kristin Gist

Monterey Bay Realty License #01338251 Listed on: 10/16/2013

Last Buyer's Agent

Trung Lam

Akimax Lending License #01317941

Akimax Lending

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • Sprinkler System

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,637 Sq Ft Home
  • 1-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $30,421
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 1,637 Sq Ft Building

Building Details

  • Gardener Expense $780
  • Insurance Expense $1,317
  • Maintenance Expense $5,686
  • Manager Expense $2,186
  • Trash Expense $657
  • Operating Expense $15,182
  • Gross Income $28,309

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 58
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 397.07
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1637
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 1637
  • Stories: 1
  • Laundry: In Garage
  • Flooring: Tile, Laminate, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking

Utilities

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

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7068.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7068.00
  • Lot Size Area Min Search: 7068.00
  • Maximum Lot Size: 7068.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.35

Multi Family

  • Expense Insurance: 1317
  • Expense Landscape: 780
  • Expense Maintenance: 5686
  • Expense Management: 2186
  • Expenses Total: 15182
  • Expense Trash: 657
  • Expense Water Sewer: 1443
  • Income Annual Gross: 28309.00
  • Income Annual Rental: 30421
  • Income Gross Scheduled: 30440
  • Income Includes: Lease
  • Income Other: 19
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Services - Janitor, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Supplies, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2131
  • Vacancy Factor: 7

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
12/09/2013 12/09/13 Sold $650,000 0.0% $397 / Sq Ft
11/02/2013 11/02/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $650,000 -- $397 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81338071

MLSListings

APN: 282-32-058