NOT LISTED FOR SALE
4 Beds
6 Baths
3,000 Sq Ft
3,920 Sq Ft Lot

Last Sold November 16, 2018

Last sale price $1,050,000 $350 Per Sq Ft

92 Days on Market

Highlights

  • Heated Spa
  • No Units Above
  • Dual Staircase
  • Las Palmas Elementary School Rated A-
  • Two Primary Bedrooms
  • 2-minute walk to Max Berg Park

About This Home

As of November 2018

Huge Architectural Marvel Steps From The Beach! Walk to the beach, Beach Trail, shops and restaurants! This rare, private, huge, approximately 3,000s.f., Duplex features 2 identical units, A & B, each with 2 master suites and each of the master suites has its own private bathroom, en suite. Including the half bath on the main floor for each of these 2 bedroom units there are a total of 6 bathrooms! Parking is an absolute breeze with a 2 car direct access garage (side by side parking) for each unit, and plenty of driveway parking for each unit as well. Parking for both units could accommodate as many as 9 cars! Each unit features a wood burning fire place in each living room, abundant natural light through oversize windows, skylights, and convenient sliding glass doors. Each unit is upgraded and features an inside laundry on the 2nd floor hallway for each unit just outside the bedrooms. Each unit includes a large private deck outside of the dining room and the living room for relaxing and entertaining family and friends. Unit B is furnished and features a remodeled kitchen with a large pantry, Spanish tile on the first floor, BBQ and outside table and chairs on the large deck. Unit A, owner occupied, features hardwood flooring throughout the first floor. This is a scarce walk to the beach opportunity, click on the 3D tours now.

Last Agent to Sell the Property

Tom Hackett

Re/Max Coastal Homes License #01429775 Listed on: 07/15/2018

Re/Max Coastal Homes

Last Buyer's Agent

Thomas ODonnell

Luxre Realty, Inc. License #00770183

Luxre Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 3,920 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Corner Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Direct Access Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Dual Staircase
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Jalousie or louvered window
  • Drapes & Rods
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Neighborhood Views

Kitchen

  • Walk-In Pantry
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • Above Ground Spa
  • Vinyl Spa

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 794
  • Assessor Parcel Number 69207101

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Trash Expense $440
  • Water Sewer Expense $1,500
  • New Taxes Expense $12,126
  • Operating Expense $15,766
  • Gross Income $75,400
  • Net Operating Income $59,634

Property Details

Home Type

Multi-Family

Year Built

Built in 1977 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Other Phone Description: Listing Agent
  • Other Phone Number: 9494647181
  • Price Per Unit: 574500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Beach close Duplex
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: R3
  • Architectural Style: Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 69207101
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Furnished, Living Room Deck Attached, Pantry, Recessed Lighting, Unfurnished
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 350.00
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Two Masters, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, Above Ground, Heated, Vinyl
  • Window Features: Drapes, Jalousies/Louvered, Screens, Skylight(s)

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Other
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage - Single Door
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Water Heater
  • Electric: Standard
  • Heating Type: Central, Natural Gas
  • Laundry Features: Electric Dryer Hookup, In Closet, Inside, Upper Level, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 440.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Landscaped, Park Nearby
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Average2 Bed Area: 1500 Square Feet
  • Gross Income: 75400.00
  • Gross Scheduled Income: 75400.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 59634.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 15766.00
  • Rent Control: No
  • Total Expenses: 15766.00

Tax Info

  • New Taxes Expense: 12126.00
  • Tax Census Tract: 421.08
  • Tax Lot: 1
  • Tax Tract Number: 794

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 List to Sale Price per Sq Ft
11/16/2018 11/16/18 Sold $1,050,000 -8.6% $350 / Sq Ft
10/16/2018 10/16/18 Price Changed $1,149,000 -4.2% $383 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
10/09/2018 10/09/18 Price Changed $1,199,000 -4.0% $400 / Sq Ft
10/02/2018 10/02/18 Price Changed $1,249,000 -3.2% $416 / Sq Ft
07/15/2018 07/15/18 For Sale $1,290,000 -- $430 / 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: OC18168312

California Regional Multiple Listing Service (CRMLS)

APN: 692-071-01