NOT LISTED FOR SALE
6 Beds
3 Baths
2,908 Sq Ft
4,500 Sq Ft Lot

Last Sold January 13, 2012

Last sale price $759,250 $261 Per Sq Ft

127 Days on Market

Highlights

  • Spanish Architecture
  • Wood Siding
  • No Heating
  • Las Palmas Elementary School Rated A-
  • Carpet

About This Home

As of January 2012

Short walk to the beach from this large, ocean close triplex! Very spacious 2BDR/1.5BA units. Total building sq. footage is over 2900 Sq. ft. Front unit above the garage has a nice ocean view; the downstairs bottom unit has a nice large backyard. Well laid out floor plans, all units are easy to rent. 3 car garage. Well maintained building. Current rents are below market. Market rents are between $1450-$1650 for each unit. The rents stated in the listing are the market rents, not actual rents. Long term tenants. The building next door at 209 Ave. De La Grulla can be purchased together or separate with this unit. Standard sale!

Last Agent to Sell the Property

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 08/29/2011

Last Buyer's Agent

Richard Valance

Seven Gables Real Estate License #00715933

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 45x100

Home Design

  • Spanish Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,908 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Three Garage Doors

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 27 / 5
  • Tax Tract Number 820
  • Assessor Parcel Number 69211210

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $1,600
  • New Taxes Expense $8,000
  • Gross Income $4,450
  • Net Operating Income $40,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.14
  • View: No
  • Water Sewer Expenses: 1600.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 69211210
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 261.09

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 45x100
  • Lot Size Sq Ft: 4500.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 4450.00
  • Gross Multiplier: 14.89
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 4500.0000 Square Feet
  • Net Operating Income: 40900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12500.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Area: 10000
  • Tax Block: 5
  • Tax Lot: 27
  • Tax Tract Number: 820

Range of Values:

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Sold Price
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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
01/13/2012 01/13/12 Sold $759,250 -4.5% $261 / Sq Ft
01/03/2012 01/03/12 Pending -- -- --
08/29/2011 08/29/11 For Sale $795,000 -- $273 / 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: S671919

California Regional Multiple Listing Service (CRMLS)

APN: 692-112-10