NOT LISTED FOR SALE
9 Beds
10 Baths
7,052 Sq Ft
8,320 Sq Ft

Last Sold April 09, 2015

Last sale price $2,025,000 $287 Per Sq Ft

17 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 5-minute walk to Bixby Park
  • Woodrow Wilson High School Rated A

About This Home

As of April 2015

This is a great 11 unit building in the prime area of Bluff Park. 2322 Braoadway is a spanish style building with four large 1 bedroom, 1 bath units.
The units feature hardwood floors and have back entrances leading to center courtyard. The 2325 E. 2nd St side features five units and four garages.
Owners unit is 2 bedroom, 1 bath over the garage plus four 1 bedroom 1 bath units. In the center courtyard there is 2 single units plus a laundry area.
The exterior has had many windows replaced, and entire exterior painted. New landscaping is on its way. Beside the 4 garages there is 2 parking on the Broadway side and and 4 additional on 2nd st. Its in a great area with many large homes and only 2 blocks to the beach. The building looks great.
Please do not go on property or disturb tenants.

Last Agent to Sell the Property

Jean Shapen

Coldwell Banker Realty License #00614080 Listed on: 02/20/2015

Coldwell Banker Realty

Last Buyer's Agent

Steve Hyde

First Team Real Estate License #00980216

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,320 Sq Ft Lot
  • Lot Dimensions are 55 x 150
  • Two or More Common Walls
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 7,052 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 87
  • Tax Tract Number 84
  • Assessor Parcel Number 7264029006

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $11,390
  • Net Operating Income $82,842

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

8,320 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.36
  • Property Attached: Yes
  • Subdivision Name Other: Bluff Park (BLF)
  • Property Type: Residential Income
  • Parcel Number: 7264029006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 287.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Yard
  • Lot Size: 55 x 150
  • Lot Size Sq Ft: 8320.00
  • Lot Size Acres: 0.1910

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 11390.00
  • Gross Multiplier: 13.89
  • Gross Scheduled Income: 136680.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8320.0000 Square Feet
  • Net Operating Income: 82842.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Number With Patio: 1
  • Number With Range: 11
  • Operating Expense: 49738.00
  • Rent Control: No

Tax Info

  • Tax Block: 87
  • Tax Lot: 4
  • Tax Tract Number: 084
  • 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
04/09/2015 04/09/15 Sold $2,025,000 +6.6% $287 / Sq Ft
03/09/2015 03/09/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $1,899,000 -- $269 / 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 $31,661 $2,433,738 $1,682,586 $751,152
2024 $31,661 $2,386,019 $1,649,595 $736,424
2023 $31,117 $2,339,235 $1,617,250 $721,985
2022 $28,551 $2,293,369 $1,585,540 $707,829
2021 $27,981 $2,248,401 $1,554,451 $693,950
2020 $27,906 $2,225,348 $1,538,513 $686,835
2019 $27,581 $2,181,715 $1,508,347 $673,368
2018 $26,856 $2,138,937 $1,478,772 $660,165
2016 $24,681 $2,055,881 $1,421,350 $634,531
2015 $14,384 $1,198,453 $773,158 $425,295
2014 $14,320 $1,174,978 $758,013 $416,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15036744

California Regional Multiple Listing Service (CRMLS)
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