NOT LISTED FOR SALE
6 Beds
6 Baths
3,129 Sq Ft
4,792 Sq Ft Lot

Last Sold March 29, 2024

Last sale price $1,845,000 $590 Per Sq Ft

7 Days on Market

Highlights

  • Open Floorplan
  • Fireplace in Bathroom
  • Private Yard
  • Clarence Lobo Elementary School Rated A-
  • Granite Countertops
  • Double Pane Windows

About This Home

As of March 2024

Amazing Beach close Triplex with a lot of upside income potential. All units have the same great floorplan with 2 Bedroom 1 ½ baths. Each unit has parking for up to 2 vehicles. Front and back Units have been fully remodeled including appliances, flooring, cabinets, countertops, plumbing fixtures, electrical fixtures, and paint. In 2017 & 2018 Building was upgraded with new roof, new large common front Patio Deck, New dual pane windows and sliders. The large back yard has ADU or storage potential for additional income. The long-term tenants enjoy being in the center of this amazing beach town with great access to the beach, restaurants, shopping, and entertainment.

Last Agent to Sell the Property

Brad Coleman

First Team Real Estate License #01290481 Listed on: 02/22/2024

First Team Real Estate

Last Buyer's Agent

Jeremy Conrad

Conrad Realtors Inc License #01279209

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 4,792 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Back Yard

Home Design

  • Triplex
  • Fire Rated Drywall
  • Rolled or Hot Mop Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,129 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms
  • Fireplace in Bathroom

Parking

  • 6 Car Garage
  • 3 Open Parking Spaces
  • 3 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Parking Deck
  • Assigned Parking

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 29 / 20
  • Tax Tract Number 779
  • Assessor Parcel Number 05810222
  • $32 per year additional tax assessments

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $382
  • Gardener Expense $690
  • Insurance Expense $2,961
  • Maintenance Expense $1,064
  • Pest Control $300
  • Trash Expense $1,708
  • Water Sewer Expense $1,892
  • New Taxes Expense $19,136
  • Operating Expense $24,151
  • Gross Income $87,000
  • Net Operating Income $67,006

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Inclusions: Owned Commercial Washer and Dryer for additional revenue of approximately $200 a month
  • Price Per Unit: 631667
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: TriPlex
  • Water Sewer Expenses: 1892.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 690.00
  • Parcel Number: 05810222
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Bath, Family Room, Kitchen, Patio, Gas
  • Levels: Two
  • Price Per Square Foot: 589.65
  • Room Type: All Bedrooms Up, Living Room
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Lighting
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Carport, Deck
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Refrigerator
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Community, Individual Room, Inside
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Trash Expense: 1708.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Rectangular Lot, Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Electric Expense: 382.00
  • Gross Income: 87000.00
  • Gross Scheduled Income: 84600.00
  • Insurance Expense: 2961.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 4792.0000 Square Feet
  • Maintenance Expense: 1064.00
  • Net Operating Income: 67006.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 17593.00
  • Rent Control: No
  • Total Actual Rent: 84600.00
  • Total Expenses: 24151.00

Tax Info

  • New Taxes Expense: 19136.00
  • Tax Block: 20
  • Tax Census Tract: 421.16
  • Tax Lot: 29
  • Tax Tract Number: 779
  • TaxOtherAnnualAssessmentAmount: 32.00

Range of Values:

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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 Change Sq Ft Price
03/29/2024 03/29/24 Sold $1,845,000 -2.6% $590 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $1,895,000 -- $606 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24036135

California Regional Multiple Listing Service (CRMLS)

APN: 058-102-22