NOT LISTED FOR SALE

Estimated Value: $1,790,000 - $2,185,000

5 Beds
3 Baths
2,049 Sq Ft
$989/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $1,719,000 $839 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,556/month

10 Days on Market

Highlights

  • Ocean Side of Freeway
  • Property is near a park
  • Wood Flooring
  • Lincoln Elementary School Rated A+
  • Wooded Lot
  • 4-minute walk to Anderson Park

About This Home

As of April 2021

Amazing opportunity to own a duplex in a great location! This investment property boasts a 3 bedroom, 2 bathroom unit & a 2 bedroom, 1 bathroom unit both with their own outdoor spaces. Sitting on a 7,510 square foot corner lot, this duplex has incredible potential & excellent development possibilities. Please do not disturb tenants!

Last Agent to Sell the Property

Robert Lane

Vista Sotheby’s International Realty License #00768020 Listed on: 03/20/2021

Vista Sotheby’s International Realty

Co-Listed By

Dominique Lane

Vista Sotheby’s International Realty License #01959087

Last Buyer's Agent

Debbie Arai

Classic Design Properties License #01900371

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,666

Year Built

  • Built in 1947

Lot Details

  • 7,510 Sq Ft Lot
  • Lot Dimensions are 50x150
  • No Common Walls
  • Wood Fence
  • Fence is in average condition
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Sprinklers on Timer
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Side by Side Parking
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,049 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Raised Hearth
  • Fireplace With Gas Starter
  • Blinds
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Storage

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting

Additional Homes

  • Two Homes on a Lot

Location

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

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 45
  • Assessor Parcel Number 4150027001

Community Details

Overview

  • 3 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $3,009
  • Maintenance Expense $1,658
  • Water Sewer Expense $1,797
  • New Taxes Expense $19,188
  • Operating Expense $21,342
  • Gross Income $23,100
  • Net Operating Income $1,758

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,666

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1797.00
  • Zoning: RBR-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4150027001
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Copper Plumbing Partial, Formica Counters, Pantry, Storage, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Fireplace Features: Living Room, Gas Starter, Raised Hearth
  • Levels: One
  • Price Per Square Foot: 838.95
  • Room Type: Entry, Galley Kitchen, Kitchen, Laundry, Living Room, Main Floor Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door, Side by Side
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Wall Furnace, Natural Gas, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers Timer, Treed Lot, Yard
  • Lot Size: 50x150
  • Lot Size Sq Ft: 7510.00
  • Lot Size Acres: 0.1724

Multi Family

  • Gross Income: 23100.00
  • Gross Scheduled Income: 23100.00
  • Insurance Expense: 3009.00
  • Lot Size Area: 7510.0000 Square Feet
  • Maintenance Expense: 1658.00
  • Net Operating Income: 1758.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 21342.00
  • Rent Control: Yes
  • Total Expenses: 21342.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 19188.00
  • Tax Area: 8060
  • Tax Block: 45
  • Tax Census Tract: 6205.01
  • Tax Lot: 1
  • Tax Tract Number: B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2021
Closed on
Apr 1, 2021
Sold by
Reed Thomas F and Reed Linda B
Bought by
Casner Craig R and The Casner Family Trust
Seller's Agent
Robert Lane
Vista Sotheby’s International Realty
Buyer's Agent
Debbie Arai
Classic Design Properties
List Price
$1,599,000
Sold Price
$1,719,000
Premium/Discount to List
$120,000
7.5%
Total Days on Market
10
Current Estimated Value
$2,025,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,669
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Feb 9, 2010
Sold by
Reed Thomas F and Reed Linda B
Bought by
Reed Thomas F and Reed Linda B

Purchase Details

Closed on
Oct 27, 2009
Sold by
Mcdonald Sean and Mc Donald Alyse
Bought by
Reed Thomas F and Reed Linda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 1998
Sold by
Hocking Family Trust and Jeannette W
Bought by
Mcdonald Sean and Mcdonald Alyse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.01%
Source: Public Records

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Range of Values:

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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
Casner Craig R $1,719,000 Usa National Title Company
Reed Thomas F -- None Available
Reed Thomas F $815,000 Fidelity National Title Co
Mcdonald Sean $360,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed Thomas F $424,000
Previous Owner Reed Thomas F $450,000
Previous Owner Mcdonald Sean $262,700
Previous Owner Mcdonald Sean $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $1,719,000 +7.5% $839 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $1,599,000 -- $780 / 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 $21,666 $1,824,215 $1,273,449 $550,766
2023 $21,269 $1,788,447 $1,248,480 $539,967
2022 $20,900 $1,753,380 $1,224,000 $529,380
2021 $12,142 $971,895 $542,593 $429,302
2020 $12,110 $961,931 $537,030 $424,901
2019 $11,828 $943,070 $526,500 $416,570
2018 $11,459 $924,579 $516,177 $408,402
2016 $11,093 $888,679 $496,134 $392,545
2015 $10,898 $875,331 $488,682 $386,649
2014 $10,741 $858,186 $479,110 $379,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21055379

California Regional Multiple Listing Service (CRMLS)

APN: 4150-027-001