NOT LISTED FOR SALE
7 Beds
5 Baths
4,262 Sq Ft
8,712 Sq Ft Lot

Last Sold May 12, 2020

Last sale price $1,675,000 $393 Per Sq Ft

49 Days on Market

Highlights

  • 0.2 Acre Lot
  • No HOA
  • Laundry Room
  • John R. Peterson Elementary Rated A-

About This Home

As of May 2020

Beautiful Spanish style 4-plex, 2 miles to the sand! Great location for your tenants. Close to freeways, shopping, restaurants, downtown Main Street, the Pier and Pacific City. Outstanding unit mix with (1) 3bd/2ba- owner's unit w/inside washer/dryer hook-ups, (1) 2bd/2ba and (2)2bd/1ba. Each unit has its own individual garage. Lots of upside on this property! Ideal for investors looking for a 1031 tax deferred exchange for your up-leg or a buyer wanting to live in the owners unit and rent out the others. Rents are low for the area. A savvy investor can improve the property and increase the rents. Easy to rent and management is in place. Take advantage of the historic low interest rates while they last!

Last Agent to Sell the Property

David Abu

Coastline West Realty License #01000639 Listed on: 02/07/2020

Last Buyer's Agent

Tam Hoang

Professional R.E. Center, Inc. License #01942799

Professional R.E. Center, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,262 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 8971
  • Assessor Parcel Number 02507101

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $822
  • Trash Expense $2,052
  • Water Sewer Expense $1,543
  • New Taxes Expense $19,250
  • Operating Expense $25,000
  • Gross Income $72,000
  • Net Operating Income $47,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Huntington West (HWST)
  • Water Sewer Expenses: 1543.00
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 02507101
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 393.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2052.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 33.67918900

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 822.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 47000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25000.00
  • Rent Control: Yes
  • Total Expenses: 25000.00

Tax Info

  • New Taxes Expense: 19250.00
  • Tax Census Tract: 993.05
  • Tax Lot: 10
  • Tax Tract Number: 8971

Range of Values:

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Sold Price
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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
05/12/2020 05/12/20 Sold $1,675,000 -4.3% $393 / Sq Ft
03/27/2020 03/27/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $1,749,900 -- $411 / 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: OC20023266

California Regional Multiple Listing Service (CRMLS)

APN: 025-071-01