NOT LISTED FOR SALE

Estimated Value: $1,679,000 - $2,014,000

3 Beds
4 Baths
1,894 Sq Ft
$969/Sq Ft Est. Value

Sale Details

Date Sold: August 24, 2022

Last sale price $1,700,000 $898 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,887 / mo

42 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Across the Road from Lake or Ocean
  • Naples Bayside Academy Rated A

About This Home

As of August 2022

21 67th Place is the essence of coastal charm. Lovingly maintained by the same family for approximately 50 years, the apartments are located just steps from the sand, near the tip of the Peninsula neighborhood. Built as a legal duplex, a non-permitted third unit - a studio - has been in place for decades. The current owners have plans approved with the city to formally convert that unit into an Accessory Dwelling Unit (ADU). The 2-Bedroom Unit has a rooftop room that could easily be used as a third bedroom, or an office.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 05/16/2022

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 05/16/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 2,400 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,894 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Property has ocean access
  • Beach Access

Location

  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Legal Lot and Block 7 / 24
  • Assessor Parcel Number 7245029021

Community Details

Overview

  • 3 Units
  • Peninsula Subdivision

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $6,634
  • Operating Expense $37,100
  • Gross Income $73,008
  • Net Operating Income $34,448

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

2,400 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 1.80
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBR2I
  • Property Type: Residential Income
  • Parcel Number: 7245029021
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 897.57

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Gross Income: 73008.00
  • Gross Multiplier: 25.68
  • Gross Operating Income: 71548.00
  • Gross Scheduled Income: 73008.00
  • Insurance Expense: 6634.00
  • Lot Size Area: 2400.0000 Square Feet
  • Net Operating Income: 34448.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 37100.00
  • Operating Expense Percent: 50.80
  • Rent Control: No
  • Total Expenses: 37100.00
  • Vacancy Allowance Rate: 2.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Tax Info

  • Tax Block: 24
  • Tax Census Tract: 5775.04
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jul 1, 2022
Sold by
Bought by
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Damien Breaux
Morgan Skenderian
List Price
$1,875,000
Sold Price
$1,700,000
Premium/Discount to List
-$175,000
-9.33%
Views
3
Current Estimated Value
$1,834,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,506
Avg. Annual Appreciation
1.98%
Original Mortgage
$1,100,000
Interest Rate
0.0551%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2007
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,700,000 Chicago Title
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/24/2022 08/24/22 Sold $1,700,000 -9.3% $898 / Sq Ft
05/16/2022 05/16/22 For Sale $1,875,000 -- $990 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $23,044 $1,768,680 $1,144,440 $624,240
2024 $22,071 $1,734,000 $1,122,000 $612,000
2023 $21,586 $1,700,000 $1,100,000 $600,000
2022 $15,739 $1,288,207 $834,758 $453,449
2021 $4,922 $380,075 $158,033 $222,042
2020 $4,909 $376,439 $156,413 $220,026
2019 $10,302 $369,064 $153,347 $215,717
2018 $4,710 $361,834 $150,341 $211,493
2016 $4,328 $347,536 $144,504 $203,032
2015 $4,157 $342,317 $142,334 $199,983
2014 $4,134 $335,612 $139,546 $196,066
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22103094

California Regional Multiple Listing Service (CRMLS)

APN: 7245-029-021

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