NOT LISTED FOR SALE
-- Bed
-- Bath
4,692 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: November 6, 2019

Last sale price $1,450,000 $309 Per Sq Ft

2 Days on Market

About This Home

As of November 2019

This five unit property sits on a large lot and offers a nice unit mix with upside in the existing rents. Three of the units have recently been remodeled with new windows, counters, cabinets, and floor coverings, appliances and fixtures. This Midtown location is close to the Pacific View Mall. This is a great opportunity to purchase an income property in a prime beach community. This sale must be all cash (no loan contingency) and close this year. Buyer to submit a pre-qualification letter and proof of financial ability to close with any offer. Inspection with accepted offer only. Listing broker has not verified building, or unit, information or size. Buyer to conduct their own due diligence regarding the property.

Last Agent to Sell the Property

Chris Weerts

Weerts Real Estate Inc. License #00992319 Listed on: 09/30/2019

Last Buyer's Agent

David Remedios

License #00902963

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.31

Interior Spaces

  • 4,692 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Parking Spaces
  • Driveway

Additional Features

  • 13,443 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 077-0-082-200

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 4692
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 319.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 10

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 463502
  • Assessed Land Value: 278097
  • Assessor Parcel Number: 077-0-082-200
  • Geocode Override: No
  • Lot Size Area: 13443

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.79
  • Number Of Units: 5
  • Type Of Units: apartments

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

Closed on
Jan 5, 2023
Sold by
Bought by

Purchase Details

Closed on
Jul 21, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.2%
Mortgage Type
Unknown

Purchase Details

Listed on
Sep 30, 2019
Closed on
Oct 10, 2019
Sold by
Bought by
Seller's Agent
Chris Weerts
Weerts Real Estate Inc.
Buyer's Agent
David Remedios
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- --
-- Stewart Title Of Ca Inc
$1,450,000 Stewart Title Of California
-- American Title Co
$560,000 American Title Co
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 $950,000
Previous Owner $950,000
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
11/06/2019 11/06/19 Sold $1,450,000 -3.3% $309 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $1,500,000 -- $320 / Sq Ft
Source: The MLS

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 $17,123 $1,585,785 $437,459 $1,148,326
2024 $17,123 $1,554,692 $428,882 $1,125,810
2023 $16,916 $1,524,208 $420,472 $1,103,736
2022 $15,746 $1,494,322 $412,227 $1,082,095
2021 $15,443 $1,465,022 $404,144 $1,060,878
2020 $15,296 $1,450,000 $400,000 $1,050,000
2019 $8,239 $771,558 $289,331 $482,227
2018 $8,103 $756,430 $283,658 $472,772
2017 $7,933 $741,599 $278,097 $463,502
2016 $7,779 $727,059 $272,645 $454,414
2015 $7,697 $716,140 $268,550 $447,590
2014 $7,572 $702,114 $263,291 $438,823
Source: Public Records

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Map

Source: The MLS

MLS Number: 19-514454

The MLS

APN: 077-0-082-200

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