NOT LISTED FOR SALE
3 Beds
3 Baths
5,184 Sq Ft
13,155 Sq Ft Lot

Last Sold December 16, 2015

Last sale price $1,190,000 $230 Per Sq Ft

142 Days on Market

About This Home

As of December 2015

Introducing 2240 Santa Fe Ave. 12 well maintained 1 bedroom 1 bath units., featuring 5,184 sf on a 13,152 sf lot. This property goes street to street and features a very large parking lot with entrance on Adriatic Ave. This property also features gated entry, and is individually metered for gas and electricity. This Property is close to the post office, police station, and Garfield elementary.

Last Agent to Sell the Property

Alex Hooks

Beach City Brokers License #01929008 Listed on: 06/23/2015

Beach City Brokers

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Ryan Peterson

Gold Coast Realty License #01784708

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 13,152 Sq Ft Lot
  • Lot Dimensions are 50x2611
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 5,184 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 32 Parking Spaces
  • Parking Available
  • Unpaved Parking
  • Uncovered Parking

Utilities

  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 3 / 7
  • Tax Tract Number 5727
  • Assessor Parcel Number 7401031004

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $708
  • Maintenance Expense $8,441
  • Professional Management Expense $6,150
  • Water Sewer Expense $9,230
  • New Taxes Expense $16,405
  • Gross Income $10,250
  • Net Operating Income $75,316

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0.3 Acres

Listing Details

  • CapRate: 5.79
  • Professional Management Expense: 6150.00
  • Property Attached: Yes
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • Water Sewer Expenses: 9230.00
  • Zoning: LBI
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7401031004
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 229.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unpaved, On Site, Uncovered
  • Total Parking Spaces: 32.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size: 50x2611
  • Lot Size Sq Ft: 13152.00
  • Price Per Lot Square Foot: 90.48
  • Lot Size Acres: 0.3020

Multi Family

  • Gross Income: 10250.00
  • Gross Multiplier: 10.57
  • Gross Scheduled Income: 123000.00
  • Insurance Expense: 708.00
  • Lot Size Area: 13152.0000 Square Feet
  • Maintenance Expense: 8441.00
  • Net Operating Income: 75316.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 41534.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16405.00
  • Tax Area: 5501
  • Tax Block: 7
  • Tax Lot: 3
  • Tax Tract Number: 5727
  • Tax Year: 2014
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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
12/16/2015 12/16/15 Sold $1,190,000 -8.5% $230 / Sq Ft
09/09/2015 09/09/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $1,300,000 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,388 $1,408,712 $710,274 $698,438
2024 $19,388 $1,381,092 $696,348 $684,744
2023 $19,042 $1,354,013 $682,695 $671,318
2022 $17,909 $1,327,464 $669,309 $658,155
2021 $17,521 $1,301,436 $656,186 $645,250
2019 $17,272 $1,262,836 $636,724 $626,112
2018 $16,642 $1,238,076 $624,240 $613,836
2016 $15,334 $1,190,000 $600,000 $590,000
2015 $5,294 $332,490 $159,851 $172,639
2014 $5,330 $325,978 $156,720 $169,258
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15088961

California Regional Multiple Listing Service (CRMLS)
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