NOT LISTED FOR SALE

Estimated Value: $4,944,000 - $6,012,892

5 Beds
6 Baths
2,570 Sq Ft
$2,078/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $4,500,000 $1,751 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $33,436/month

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • No HOA
  • Opal Robinson Elementary School Rated A
  • Corner Lot
  • Den

About This Home

As of May 2023

Two bed two bath unit to the rear of the property. Three-bedroom front house, with ocean views. Steps to the beach. Located on a walk-street. Street alley lot.

Last Agent to Sell the Property

Michael Miller

Inland Pacific Management Company License #01150951 Listed on: 05/11/2023

Last Buyer's Agent

Barbi Pappas

Vista Sotheby’s International Realty License #00871658

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,094

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 2,704 Sq Ft Lot
  • Lot Dimensions are 90 x 30
  • Property fronts an alley
  • 1 Common Wall
  • Corner Lot

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • Ocean
  • Catalina

Home Design

  • Duplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,570 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Den
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 7 / 76
  • Tax Tract Number 4180
  • Assessor Parcel Number 4180020007

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
  • Gross Income $113,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,094

Year Built

Built in 1974 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 2250000
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MNRM
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4180020007
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 3
  • Entry Location: South facing
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 1750.97
  • Room Type: Den, Living Room, Master Suite

Exterior Features

  • View: Catalina, Ocean
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 90 x 30
  • Lot Size Sq Ft: 2704.00
  • Lot Size Acres: 0.0621

Multi Family

  • Gross Income: 113940.00
  • Gross Scheduled Income: 113940.00
  • Lot Size Area: 2704.0000 Square Feet
  • 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
  • Other Expense Description: Request
  • Rent Control: No
  • Total Actual Rent: 9495.00

Tax Info

  • Tax Block: 76
  • Tax Census Tract: 6209.04
  • Tax Lot: 7
  • Tax Tract Number: 4180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Mar 29, 2023
Sold by
217 2Nd Street Llc
Bought by
J & Z All Family Trust
Seller's Agent
Michael Miller
Inland Pacific Management Company
Buyer's Agent
Barbi Pappas
Vista Sotheby’s International Realty
List Price
$4,500,000
Sold Price
$4,500,000
Current Estimated Value
$5,339,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,723
Avg. Annual Appreciation
7.97%

Purchase Details

Closed on
Jan 7, 2016
Sold by
217 2Nd Street Llc
Bought by
Bishop William P and Bishop Cheryl C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,641,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2015
Sold by
Bishop William P
Bought by
217 2Nd Street Llc

Purchase Details

Closed on
Aug 30, 2011
Sold by
Bishop William P
Bought by
217 2Nd Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,872,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 3, 2011
Sold by
Conklin William E
Bought by
Bishop William P and Bishop Cheryl C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,872,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 2, 2003
Sold by
Patricia P Miller Revocable Trust
Bought by
Conklin William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2003
Sold by
Miller Patricia P
Bought by
Patricia P Miller Revocable Trust and James P Miller Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2003
Sold by
James P Miller Living Trust
Bought by
Miller James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2003
Sold by
Miller James P
Bought by
Miller James P and The James P Miller Living Trust

Purchase Details

Closed on
Jul 25, 2001
Sold by
Miller James P
Bought by
Miller Patricia P and Miller James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
6.5%

Purchase Details

Closed on
May 18, 1998
Sold by
Family Trust Miller, James And Patricia Trs M
Bought by
Miller Patricia P and Patricia P Miller Revocable Trust

Purchase Details

Closed on
Jul 15, 1997
Sold by
Miller James
Bought by
Miller James P and Miller Patricia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,200
Interest Rate
7.83%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
J & Z All Family Trust $4,500,000 Usa National Title
Bishop William P -- First American Title Company
217 2Nd Street Llc -- Accommodation
217 2Nd Street Llc -- None Available
Bishop William P $2,675,000 Orange Coast Title
Conklin William E $2,100,000 --
Patricia P Miller Revocable Trust -- Lawyers Title Company
Miller James P -- Lawyers Title Company
Miller James P -- --
Miller Patricia P -- Lawyers Title Company
Miller Patricia P -- --
Miller James P -- United Title
Miller James P -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bishop William P $1,641,000
Previous Owner Bishop William P $1,872,500
Previous Owner Conklin William E $1,100,000
Previous Owner Miller James P $407,000
Previous Owner Miller Patricia P $50,000
Previous Owner Miller Patricia P $349,000
Previous Owner Miller Patricia P $30,000
Previous Owner Miller James P $347,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $4,500,000 0.0% $1,751 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $4,500,000 0.0% $1,751 / Sq Ft
08/15/2017 08/15/17 Rented $7,700 -3.7% --
08/03/2017 08/03/17 Price Changed $7,995 -3.7% $3 / Sq Ft
06/23/2017 06/23/17 Price Changed $8,300 -6.7% $3 / Sq Ft
06/09/2017 06/09/17 For Rent $8,900 +122.5% --
07/03/2012 07/03/12 Rented $4,000 0.0% --
07/03/2012 07/03/12 Under Contract -- -- --
06/18/2012 06/18/12 For Rent $4,000 -- --
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
2025 $52,094 $4,681,800 $4,161,600 $520,200
2024 $52,094 $4,590,000 $4,080,000 $510,000
2023 $36,617 $3,229,472 $1,931,648 $1,297,824
2022 $35,982 $3,166,150 $1,893,773 $1,272,377
2021 $35,333 $3,104,070 $1,856,641 $1,247,429
2019 $34,380 $3,012,004 $1,801,573 $1,210,431
2018 $33,702 $2,952,947 $1,766,249 $1,186,698
2016 $31,445 $2,838,282 $1,697,664 $1,140,618
2015 $30,792 $2,795,649 $1,672,164 $1,123,485
2014 $30,354 $2,740,887 $1,639,409 $1,101,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23080835

California Regional Multiple Listing Service (CRMLS)

APN: 4180-020-007