NOT LISTED FOR SALE
7 Beds
4 Baths
2,628 Sq Ft
7,754 Sq Ft Lot

Sale Details

Date Sold: August 6, 2024

Last sale price $1,850,000 $704 Per Sq Ft

44 Days on Market

Highlights

  • Craftsman Architecture
  • 2 Car Detached Garage
  • Tile Flooring
  • Mission Hill Middle School Rated A-
  • Storage Room
  • Forced Air Heating System

About This Home

As of August 2024

Welcome to this fully leased well-maintained Triplex located on one of the quietest and most sought-after blocks in the Seabright neighborhood. Featuring a 1,200 SF 3BR/2BA House in front that has uncommonly generous sized bedrooms, an en-suite primary bathroom and comes with a two-car garage attached by a breezeway. Located in the rear is a 1,428 SF Duplex with 714 SF 2BR/1BA Units each with separate outdoor patios and a shared two-car carport. All units come equipped with individual laundry for easy lease-ups and comfortable living. The building received an interior and exterior renovation and update in 2014 with quality finishes including: stainless steel appliances, travertine, granite countertops, slate patios, new windows, new roof, paint, as well as new plumbing in 2022. As a multifamily investment opportunity this asset has tremendous long-term upside growth in rents.

Last Agent to Sell the Property

Troy Hinds

David Lyng Real Estate License #01803325 Listed on: 05/23/2024

David Lyng Real Estate

Last Buyer's Agent

Scott Poncetta

KW Bay Area Estates License #01497030

KW Bay Area Estates
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 7,754 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • 2 Carport Spaces

Home Design

  • Triplex
  • Craftsman Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,628 Sq Ft Home
  • Storage Room
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Sustainable
  • Tile
  • Slate Flooring

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $97,140
  • 3 Year Lease Term

Community Details

Overview

  • 2,628 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $1,500
  • Utility Expense $4,115
  • Operating Expense $33,585
  • Gross Income $97,140

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

7,754 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-1-5 - Single Family Residential
  • Subclass: Triplex
  • Style: Craftsman
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2628
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: 220 Volt Outlet, Dishwasher, Garbage Disposal, Microwave, Oven Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2628
  • Laundry: Washer / Dryer
  • Flooring: Sustainable Materials, Slate, Tile, Carpet
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Carport, Detached Garage
  • Carport Min: 2

Utilities

  • Heating System: Wall Furnace, Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1780
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7754.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7754.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, 3 Years Lease
  • Gross Rent Multiplier: 20.06
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2000
  • Expense Landscape: 1800
  • Expense Maintenance: 1500
  • Expenses Total: 33585
  • Expenses Utility: 4115
  • Income Annual Gross: 97140.00
  • Income Annual Rental: 97140
  • Income Gross Scheduled: 97140
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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

Listed on
May 23, 2024
Closed on
Jul 31, 2024
Sold by
Bought by
Seller's Agent
Troy Hinds
David Lyng Real Estate
Buyer's Agent
Scott Poncetta
KW Bay Area Estates
List Price
$2,149,000
Sold Price
$1,850,000
Premium/Discount to List
-$299,000
-13.91%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,202,500
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2024
Sold by
Bought by

Purchase Details

Closed on
Sep 4, 2014
Sold by
Bought by

Purchase Details

Closed on
May 29, 2014
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
$877,500
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2004
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
$629,300
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2004
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
$629,300
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2002
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
$465,200
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 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

Agents Specializing in Upper Seabright, CA

See All Agents

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
$1,850,000 Stewart Title Of California
-- None Listed On Document
$1,350,000 Old Republic Title Company
-- Old Republic Title Company
$975,000 Old Republic Title Company
-- --
$899,000 --
$787,500 Santa Cruz Title Company
-- --
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
Open $1,126,000
Closed $1,140,000
Closed $1,202,500
Previous Owner $877,500
Previous Owner $629,300
Previous Owner $465,200
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
10/08/2024 10/08/24 Off Market $3,295 -- --
09/23/2024 09/23/24 Price Changed $3,295 -5.7% $5 / Sq Ft
09/13/2024 09/13/24 For Rent $3,495 0.0% --
08/06/2024 08/06/24 Sold $1,850,000 -5.1% $704 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
06/12/2024 06/12/24 Price Changed $1,949,000 -9.3% $742 / Sq Ft
05/23/2024 05/23/24 For Sale $2,149,000 -- $818 / Sq Ft
Source: MLSListings

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
2026 $21,796 $1,887,000 $1,173,000 $714,000
2025 $17,926 $1,850,000 $1,150,000 $700,000
2023 $17,707 $1,559,495 $808,627 $750,868
2022 $17,507 $1,528,917 $792,772 $736,145
2021 $17,140 $1,498,938 $777,227 $721,711
2020 $17,005 $1,483,568 $769,257 $714,311
2019 $16,645 $1,454,478 $754,174 $700,304
2018 $16,455 $1,425,959 $739,386 $686,573
2017 $16,243 $1,398,000 $724,889 $673,111
2016 $15,335 $1,370,588 $710,675 $659,913
2015 $14,980 $1,350,000 $700,000 $650,000
2014 $10,056 $892,922 $493,733 $399,189
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81966977

MLSListings

APN: 011-122-27

Your Personal Tour Guide

Ask me questions while you tour the home.