NOT LISTED FOR SALE

Estimated Value: $2,217,502 - $2,567,000

6 Beds
5 Baths
3,270 Sq Ft
$738/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $2,050,000 $627 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $15,334/month

71 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Beamed Ceilings
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Cathedral Ceiling
  • Balcony

About This Home

As of August 2020

Wonderful Remodeled Duplex on Walk-Street. Only 6 Houses Away from the Sand!! Spacious Upstairs Unit= 4 bedrooms & 2.5 bathrooms. Completely remodeled kitchen and master bathroom. Ocean view from balcony. Open Floor plan downstairs unit= 2 bedrooms & 1.5 bathrooms. Nice Galley Kitchen with eat-in dining area and huge walk in storage pantry, Inside Laundry Room and large storage area. Great income property!!! Buyer is advised to verify accuracy of all information through professional property inspection. Broker and agents do not guarantee accuracy of square footage, lot size, zoning, rent control, income, permits, etc.

Last Agent to Sell the Property

Shannon Parker

Agent 1 Real Estate Inc. License #01708312 Listed on: 04/09/2020

Last Buyer's Agent

Jonathan Weir

Marcus & Millichap License #02038545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,472

Year Built

  • Built in 1969

Lot Details

  • 2,651 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached

Interior Spaces

  • 3,270 Sq Ft Home
  • Wet Bar
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Ocean Views
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 23 / 24
  • Tax Tract Number 2739
  • Assessor Parcel Number 4226023020

Community Details

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $675
  • Water Sewer Expense $675
  • Operating Expense $1,350
  • Gross Income $90,870
  • Net Operating Income $84,020

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,472

Year Built

Built in 1969

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 675.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 4226023020
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Pantry, Wet Bar
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Stone, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 626.91
  • Room Type: Galley Kitchen

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Covered, Garage, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Heating Type: Central
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 675.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft, Walkstreet
  • Lot Size Sq Ft: 2651.00
  • Lot Size Acres: 0.0609

Multi Family

  • Gross Income: 90870.00
  • Gross Scheduled Income: 90870.00
  • Lot Size Area: 2651.0000 Square Feet
  • Net Operating Income: 84020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 6850.00
  • Rent Control: Yes
  • Total Expenses: 1350.00
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Block: 24
  • Tax Census Tract: 2739.02
  • Tax Lot: 23
  • Tax Tract Number: 2739

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jul 22, 2020
Sold by
Levin Ronald P and Levin Coral L
Bought by
Pazzia Gian and Pazzia Jennifer
Seller's Agent
Shannon Parker
Agent 1 Real Estate Inc.
Buyer's Agent
Jonathan Weir
Marcus & Millichap
List Price
$2,450,000
Sold Price
$2,050,000
Premium/Discount to List
-$400,000
-16.33%
Current Estimated Value
$2,414,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,126
Avg. Annual Appreciation
4.41%

Purchase Details

Closed on
Jul 13, 1994
Sold by
Levin Ronald P and Levin Coral L
Bought by
Levin Ronald P
Source: Public Records

Range of Values:

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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
Pazzia Gian $2,050,000 Fidelity National Title
Levin Ronald P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pazzia Gian $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $2,050,000 -7.7% $627 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
06/10/2020 06/10/20 Price Changed $2,220,000 -9.4% $679 / Sq Ft
04/09/2020 04/09/20 For Sale $2,450,000 -- $749 / 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 $26,472 $2,218,984 $1,840,134 $378,850
2024 $26,472 $2,175,475 $1,804,053 $371,422
2023 $25,958 $2,132,820 $1,768,680 $364,140
2022 $24,745 $2,091,000 $1,734,000 $357,000
2021 $24,438 $2,050,000 $1,700,000 $350,000
2020 $8,923 $714,960 $453,478 $261,482
2019 $8,574 $700,942 $444,587 $256,355
2018 $8,501 $687,199 $435,870 $251,329
2016 $8,105 $660,516 $418,946 $241,570
2015 $7,988 $650,596 $412,654 $237,942
2014 $8,023 $637,853 $404,571 $233,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20065267

California Regional Multiple Listing Service (CRMLS)

APN: 4226-023-020