NOT LISTED FOR SALE

Estimated Value: $1,221,000 - $1,897,000

4 Beds
4 Baths
2,968 Sq Ft
$536/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $825,000 $278 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,993/month

21 Days on Market

Highlights

  • 4 Car Direct Access Garage
  • Galley Kitchen
  • Fenced
  • Two Homes on a Lot
  • Laundry Room
  • 4-minute walk to Kiddie Beach Park

About This Home

As of May 2020

Classic Beach Duplex at Silver Strand Beach! Feel the ocean breeze and live the beach life you have always wanted and enjoy the income potential of this great investment property that's located just a block from the sand, kiddie beach and harbor. This rare duplex offers owner/landlord opportunity where you have the option to live in one unit and rent the other or maximize your investment income and rent out both units. Made up of two mirrored units, each with 2 large bedrooms and 2 baths and each with an attached 2 car garage along with plenty of driveway parking. Nicely maintained, these units offer the potential for good rental income 'as-is' but with a bit of 2020 updating this property could easily yield top rental income at the popular Silver Strand Beach! Don't sit and ponder long as this beach investment will not last! Silver Strand beach is a highly sought-after community for both owners and renters who all take pride in their neighborhood! Life is short! Buy the Beach House!

Last Agent to Sell the Property

Ann Howarth

RE/MAX Gold Coast-Beach Office License #01412324 Listed on: 04/23/2020

RE/MAX Gold Coast-Beach Office

Last Buyer's Agent

Craig Lieberman

Apartment Investment Specialists, Inc License #00682741

Apartment Investment Specialists, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 3,723 Sq Ft Lot
  • Fenced

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Galley Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Homes

  • Two Homes on a Lot

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • No Hot Water

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Assessor Parcel Number 2060324040

Community Details

Overview

  • 2 Units
  • Hollywood By The Sea 0303 Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • View: No
  • Zoning: RBH
  • Property Type: Residential Income
  • Parcel Number: 2060324040
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 296.16
  • Room Type: Galley Kitchen

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: No Hot Water
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: In Garage

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3723.00
  • Lot Size Acres: 0.0855

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Average Studio Area: 1489 Square Feet
  • Lot Size Area: 3723.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Total Actual Rent: 3900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Apr 27, 2020
Sold by
Johnson Norma J and Johnson Donald D
Bought by
Neilson Roy B and Reaume Lisa M
Seller's Agent
Ann Howarth
RE/MAX Gold Coast-Beach Office
Buyer's Agent
Craig Lieberman
Apartment Investment Specialists, Inc
List Price
$879,000
Sold Price
$825,000
Premium/Discount to List
-$54,000
-6.14%
Current Estimated Value
$1,547,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$722,924
Avg. Annual Appreciation
12.43%
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
Neilson Roy B $825,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $825,000 0.0% $278 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
05/12/2020 05/12/20 Pending -- -- --
05/01/2020 05/01/20 Off Market $825,000 -- --
04/23/2020 04/23/20 For Sale $879,000 0.0% $296 / Sq Ft
07/06/2018 07/06/18 Rented $2,150 -6.5% --
06/25/2018 06/25/18 Under Contract -- -- --
05/21/2018 05/21/18 For Rent $2,300 -- --
Source: Ventura County Regional Data Share

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 $10,592 $902,255 $590,568 $311,687
2024 $10,592 $884,564 $578,988 $305,576
2023 $10,062 $867,220 $567,635 $299,585
2022 $9,781 $850,216 $556,505 $293,711
2021 $9,777 $833,546 $545,594 $287,952
2020 $1,560 $131,786 $30,722 $101,064
2019 $1,538 $129,203 $30,120 $99,083
2018 $1,487 $126,671 $29,530 $97,141
2017 $1,433 $124,188 $28,951 $95,237
2016 $1,390 $121,754 $28,384 $93,370
2015 $1,356 $119,926 $27,958 $91,968
2014 $1,342 $117,578 $27,411 $90,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V0-220004068

Ventura County Regional Data Share

APN: 206-0-324-040