NOT LISTED FOR SALE
-- Bed
-- Bath
2,415 Sq Ft
8,088 Sq Ft Lot

Last Sold April 10, 2013

Last sale price $795,000 $329 Per Sq Ft

48 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Forced Air Heating System
  • Las Palmas Elementary School Rated A-
  • Laundry Room
  • 5-minute walk to Max Berg Park

About This Home

As of April 2013

This unique 'Castle on the Hill' w/Ocean View Duplex is perfect for owner/user. Downstairs unit is 1Bdrm, 1ba. Upstairs is 3 Bdrm, 2 Ba. with Rooftop deck.Ocean view from both deck and dining/living area. Both units have laundry hookups, fireplace. Upstairs unit occupied by tenant 25+ years and in original condition. Seller will consider a credit to buyer for update/cleanup. Beach path to pier steps from units. 3rd unit may be possible above garages-buyer to contact SC bldg. dept for requirements info. PLEASE SEE AGENT REMARKS.

Last Agent to Sell the Property

Jacqueline Morrison

First Team Real Estate License #00318590 Listed on: 01/07/2013

Last Buyer's Agent

Bill Conrad

Conrad Realtors Inc License #01461548

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 8,088 Sq Ft Lot
  • Lot Dimensions are 99x81

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Clay Roof
  • Stucco

Interior Spaces

  • 2,415 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Ocean Views

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Property has ocean access

Utilities

  • Forced Air Heating System
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 26 / 20
  • Tax Tract Number 793
  • Assessor Parcel Number 69208305

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $800
  • Pest Control $384
  • Trash Expense $590
  • Water Sewer Expense $1,150
  • New Taxes Expense $8,143
  • Gross Income $3,400
  • Net Operating Income $38,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.79
  • View: Yes
  • Water Sewer Expenses: 1150.00
  • Property Type: Residential Income
  • Parcel Number: 69208305
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Features: Electric, Wood Burning
  • Levels: Three Or More
  • Price Per Square Foot: 329.19

Exterior Features

  • View: Ocean
  • Roof: Clay
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Radiant
  • Laundry Features: Gas & Electric Dryer Hookup
  • Pest Control Expense: 384.00
  • Trash Expense: 590.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 99x81
  • Lot Size Sq Ft: 8088.00
  • Lot Size Acres: 0.1860

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3400.00
  • Gross Multiplier: 19.58
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 800.00
  • Net Operating Income: 38260.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Operating Expense: 2924.00
  • Total Actual Rent: 40800.00
  • Waterfront Features: Ocean Access

Tax Info

  • New Taxes Expense: 8143.00
  • Tax Area: 10000
  • Tax Block: 20
  • Tax Lot: 26
  • Tax Tract Number: 793
  • Tax Year: 2012

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 List to Sale Price per Sq Ft
04/10/2013 04/10/13 Sold $795,000 -0.5% $329 / Sq Ft
02/24/2013 02/24/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $799,000 -- $331 / 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: P845363

California Regional Multiple Listing Service (CRMLS)

APN: 692-083-05