NOT LISTED FOR SALE

215 Hillcrest Ave Marina, CA 93933

8 Beds
4 Baths
3,248 Sq Ft
8,490 Sq Ft Lot

Last Sold November 12, 2021

Last sale price $1,250,000 $385 Per Sq Ft

45 Days on Market

Highlights

  • City Lights View
  • Concrete Kitchen Countertops
  • Tile Flooring
  • Balcony
  • Laundry Room
  • 4-minute walk to Gloria Jean Tate Park

About This Home

As of November 2021

This four-unit complex is centrally located in Marina. The property is close to Reservation Road shopping, The Dunes Shopping Center in the Marina side of old Fort Ord, and the Pacific Ocean. The complex features 4 two-bedroom / one-bathroom units. Three units are upstairs and one is downstairs. The roof and gutters were replaced in 2021. The rents shown are effective October 2021. The property has 6 tuck-under parking spaces.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 08/19/2021

Last Buyer's Agent

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 08/19/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 8,490 Sq Ft Lot
  • Back Yard

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property
  • City Lights Views

Kitchen

  • Electric Oven
  • Dishwasher
  • Concrete Kitchen Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 7 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $61,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $500
  • Insurance Expense $2,530
  • Maintenance Expense $3,000
  • Manager Expense $2,846
  • Other Expense $1,000
  • Utility Expense $3,338
  • Trash Expense $1,058
  • Operating Expense $29,441
  • Gross Income $60,575

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

8,490 Sq Ft Lot

Listing Details

  • Zoning: Commercial Multi-Family
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3248
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: Countertop - Concrete, Countertop - Formica, Dishwasher, Oven - Electric, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3248
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: City Lights
  • Yard/Grounds: Back Yard, Balcony / Patio
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Carport, Off-Street Parking, On Street
  • Carport Min: 7

Utilities

  • Heating System: Electric, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1949
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8490.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8490.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.08
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2530
  • Expense Landscape: 500
  • Expense Maintenance: 3000
  • Expense Management: 2846
  • Expenses Other: 1000
  • Expenses Total: 29441
  • Expenses Utility: 3338
  • Expense Trash: 1058
  • Income Annual Gross: 60575.00
  • Income Annual Rental: 61800
  • Income Gross Scheduled: 62448
  • Income Includes: Laundry, Rents
  • Income Other: 648
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3
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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
11/12/2021 11/12/21 Sold $1,250,000 -9.4% $385 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $1,379,000 0.0% $425 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $1,379,000 -- $425 / Sq Ft
Source: MLSListings

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
2025 $14,888 $1,450,731 $636,724 $814,007
2024 $14,888 $1,421,600 $624,240 $797,360
2023 $14,644 $1,330,000 $612,000 $718,000
2022 $6,976 $1,295,000 $600,000 $695,000
2021 $11,317 $1,250,000 $600,000 $650,000
2020 $10,947 $998,860 $600,519 $398,341
2019 $11,447 $979,315 $588,745 $390,570
2018 $11,027 $960,152 $577,201 $382,951
2017 $10,208 $941,366 $565,884 $375,482
2016 $10,038 $922,948 $554,789 $368,159
2015 $9,888 $909,115 $546,456 $362,659
2014 $9,805 $891,347 $535,752 $355,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81859137

MLSListings

APN: 032-303-012

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