NOT LISTED FOR SALE

Estimated Value: $1,014,000 - $1,118,000

4 Beds
2 Baths
1,512 Sq Ft
$705/Sq Ft Est. Value

Last Sold January 23, 2015

Last sale price $572,000 $378 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $6,314/month

126 Days on Market

Highlights

  • RV Access or Parking
  • Gated Parking
  • Contemporary Architecture
  • Bixby Elementary School Rated 9+
  • Ocean Side of Highway 1
  • Property is near park and public transit

About This Home

As of January 2015

Well-maintained duplex in a very desirable part of Artfcraft Manor, directly across from Stearns Park! Both units have hardwood floors in very good condition, full copper plumbing, new sinks. Exterior just repainted last year. Front unit has a side door that leads to a large, private yard where you will find this unit's washer/ dryer and some storage sheds. This unit has been updated with granite counters, custom cabinets, remodeled bath. Back unit has dual-paned Milgard windows, a laundry room off the garage, a BBQ attached with natural gas, a 2-car garage, and pkg for 5+ cars. Before this owner purchased property, there was an illegal 3rd unit (since removed), so not only is there plenty of parking for boats, cars, RVs, there are easy RV hookups because of the remaining plumbing, gas and elec. 26' rolling cedar gate makes easy access for the larger toys. Of course, you can also use this area as a fab place to entertain. Attic, accessible from the back unit, is floored and provides ample storage space. Also has a powerful attic fan. With some TLC and not much expense, the bones are there to make both units top notch. Separate electric and gas meters. Market rent approx $1600.

Last Agent to Sell the Property

Anne Marie Reggie

Y Realty License #01416507 Listed on: 09/12/2014

Last Buyer's Agent

Anne Marie Reggie

Y Realty License #01416507 Listed on: 09/12/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,023 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Gated Parking
  • Uncovered Parking
  • RV Access or Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Storage
  • Park or Greenbelt Views
  • Attic Fan

Kitchen

  • Gas Cooktop
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting
  • Shed
  • Outdoor Grill

Additional Features

  • No Interior Steps
  • Energy-Efficient Windows
  • Property is near park and public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 14229
  • Assessor Parcel Number 7223005003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $720
  • Insurance Expense $600
  • Trash Expense $30
  • Water Sewer Expense $30
  • New Taxes Expense $6,369
  • Gross Income $3,200
  • Net Operating Income $30,651

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: Both ranges, front unit's fridge and washer/ dryer, back unit's BBQ (attached with natural gas)
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: Yes
  • Water Sewer Expenses: 30.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7223005003
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Attic Fan, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Storage, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 378.31
  • Room Type: Attic
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Other Structures: Shed(s)
  • Exterior Features: Barbecue Private
  • View: Park/Greenbelt
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Concrete, Garage, Gated, Garage Faces Rear, RV Access/Parking, Uncovered
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Outside, Washer Included
  • Trash Expense: 30.00
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Front Yard, Lawn, Landscaped, Park Nearby, Near Public Transit, Yard
  • Lot Size Sq Ft: 6023.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 756
  • Average2 Bed Area: 756
  • Gross Income: 3200.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6023.0000 Square Feet
  • Net Operating Income: 30651.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 7749.00
  • Other Income Description: GSI based on projected market
  • Rent Control: No
  • Total Actual Rent: 1375.00
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 6369.00
  • Taxes Percent: 1.15
  • Tax Lot: 14
  • Tax Tract Number: 14229
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2016
Sold by
Galaz Mario
Bought by
Galaz Mario and Galaz Monica
Current Estimated Value
$1,065,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,936
Outstanding Balance
$450,450
Interest Rate
3.43%
Mortgage Type
FHA
Estimated Equity
$615,541

Purchase Details

Listed on
Sep 12, 2014
Closed on
Dec 19, 2014
Sold by
Jaynes John L
Bought by
Galaz Mario and Huerta Monica
Seller's Agent
Anne Marie Reggie
Y Realty
Buyer's Agent
Anne Marie Reggie
Y Realty
List Price
$599,000
Sold Price
$572,000
Premium/Discount to List
-$27,000
-4.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$561,639
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 1996
Sold by
Bank Of America National Tr & Svgs Assn
Bought by
Jaynes John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
7.14%

Purchase Details

Closed on
Jul 3, 1995
Sold by
Hoey Calvin C and Bank Of America National Tr &
Bought by
Bank Of America National Tr & Svgs Assn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Galaz Mario -- Fidelity National Title
Galaz Mario $572,000 North American Title Company
Jaynes John L $157,000 Old Republic Title Company
Bank Of America National Tr & Svgs Assn $133,540 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galaz Mario $563,936
Closed Galaz Mario $561,639
Previous Owner Jaynes John L $141,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2015 01/23/15 Sold $572,000 -4.5% $378 / Sq Ft
12/14/2014 12/14/14 Pending -- -- --
08/10/2014 08/10/14 For Sale $599,000 -- $396 / Sq Ft
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 $8,877 $687,451 $480,737 $206,714
2024 $8,877 $673,972 $471,311 $202,661
2023 $8,729 $660,758 $462,070 $198,688
2022 $8,193 $647,803 $453,010 $194,793
2021 $8,033 $635,102 $444,128 $190,974
2019 $7,917 $616,706 $430,956 $185,750
2018 $7,649 $604,623 $422,506 $182,117
2016 $7,036 $580,723 $406,100 $174,623
2015 $2,680 $216,995 $110,572 $106,423
2014 $2,669 $212,746 $108,407 $104,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14170809

California Regional Multiple Listing Service (CRMLS)

APN: 7223-005-003