NOT LISTED FOR SALE

2459 Tuttle St Carlsbad, CA 92008

Estimated Value: $1,506,000 - $1,990,000

3 Beds
3 Baths
2,249 Sq Ft
$784/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $1,300,000 $578 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $10,501/month

11 Days on Market

Highlights

  • Ocean View
  • Attached Guest House
  • Solar Power System
  • Buena Vista Elementary Rated A
  • RV Access or Parking
  • 0.4 Acre Lot

About This Home

As of April 2021

Located within the village of Carlsbad and standing beautifully on a large 0.4-acre (17,500 sq ft) lot is this unique, character-filled home. Whether you’re dreaming of living the laid-back, beach life or on the hunt for an enviable investment opportunity, this home could be all yours. The residence is zoned R-1 with Vacation Rental Permits, offering fantastic short-term rental potential and returns. The home itself currently rents monthly $3,000. Plus, there’s a non-conforming one-bedroom, one-bath dwelling generating $2,000/mo, and a studio that returns $2,000/mo. The total estimated income as an Airbnb could achieve $12,000+/month. Extra updates include newer electrical and plumbing along with a five-year-old roof. There’s a $146/month solar, rainwater system, and an abundance of mature fruit trees, including fig, avocado, macadamia, and lime. The home exudes an idyllic, relaxed vibe with effortless indoor-outdoor living and light-filled interiors. You could capture ocean views by removing some of the trees or enjoy the peace, privacy, and serenity of this gorgeous property. Build up for huge ocean views. All this is set west of the I-5 and just 1 mile from the beach. Enjoy the fresh saltwater air and sun, or give your residents the coastal lifestyle they crave. Come take a tour while you still can and take advantage of this amazing investment opportunity! (Professional Photos unavailable due to tenant occupancy and unable to access units until this saturday).

Last Listed By

Frances Mouser

eXp Realty of California, Inc License #01309623 Listed on: 02/05/2021

eXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,636

Year Built

  • Built in 1947

Lot Details

  • 0.4 Acre Lot
  • 1 Common Wall
  • Manual Sprinklers System
  • Density is up to 1 Unit/Acre

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 2,249 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Oversized Parking
  • Parking Available
  • Driveway
  • Automatic Gate
  • On-Site Parking
  • RV Access or Parking

Eco-Friendly Details

  • Solar Power System
  • Water-Smart Landscaping

Additional Homes

  • Two Homes on a Lot
  • Attached Guest House

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 1551601900

Community Details

Overview

  • 3 Units

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $125
  • Water Sewer Expense $100
  • Operating Expense $271
  • Gross Income $84,000
  • Net Operating Income $84,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,636

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Security: Automatic Gate
  • View: Yes
  • Water Sewer Expenses: 100.00
  • Zoning: R-1
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 1551601900
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 578.03

Exterior Features

  • Other Structures: Guest House Attached, Two On A Lot
  • View: Ocean, Peek-A-Boo
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Asphalt, On Site, Oversized, RV Access/Parking

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Trash Compactor
  • Heating Type: Electric
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Green Power: Solar

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinkler System, Sprinklers Manual
  • Lot Size: .40
  • Lot Size Sq Ft: 17500.00
  • Lot Size Acres: 0.4000

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 125.00
  • Lot Size Area: 17500.0000 Square Feet
  • Net Operating Income: 84000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Rent Control: No
  • Total Expenses: 271.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 4, 2021
Sold by
Mangen Darlene
Bought by
Latronica Laura
Seller's Agent
Frances Mouser
eXp Realty of California, Inc
Buyer's Agent
Edie Switzer
Switzer Goldau & Associates
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%
Total Days on Market
11
Current Estimated Value
$1,762,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,415
Avg. Annual Appreciation
7.67%
Original Mortgage
$753,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 3, 2021
Sold by
Mangen Brian
Bought by
Mangen Darlene
Seller's Agent
Frances Mouser
eXp Realty of California, Inc
Buyer's Agent
Edie Switzer
Switzer Goldau & Associates
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2021
Sold by
Mangen Darlene
Bought by
Mangen Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2005
Sold by
Mangen Darlene
Bought by
Mangen Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2000
Sold by
Little Shawn A
Bought by
Mangen Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.67%

Purchase Details

Closed on
Sep 2, 1997
Sold by
Rogers Gail E
Bought by
Little Shawn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,100
Interest Rate
6.17%

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
Latronica Laura $1,300,000 Ticor Title Company
Mangen Darlene -- Ticor Title Company
Mangen Brian -- None Available
Mangen Darlene -- Lawyers Title San Diego
Mangen Darlene $325,000 Fidelity National Title Co
Little Shawn A $198,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Latronica Laura $753,250
Closed Latronica Laura $753,250
Previous Owner Mangen Darlene $10,000
Previous Owner Mangen Darlene $385,000
Previous Owner Mancen Darlene $333,700
Previous Owner Mangen Darlene $25,000
Previous Owner Mangen Darlene $14,700
Previous Owner Mangen Darlene $285,000
Previous Owner Mangen Darlene $260,000
Previous Owner Little Shawn A $50,000
Previous Owner Little Shawn A $22,200
Previous Owner Little Shawn A $192,000
Previous Owner Little Shawn A $188,100
Closed Mangen Darlene $16,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $1,300,000 -13.0% $578 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $1,495,000 -- $665 / 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
2024 $7,636 $715,978 $611,446 $104,532
2023 $7,595 $701,940 $599,457 $102,483
2022 $7,476 $688,177 $587,703 $100,474
2021 $5,260 $478,458 $417,621 $60,837
2020 $5,224 $473,553 $413,339 $60,214
2019 $5,129 $464,269 $405,235 $59,034
2018 $4,928 $455,167 $397,290 $57,877
2017 $90 $446,243 $389,500 $56,743
2016 $4,710 $437,494 $381,863 $55,631
2015 $4,692 $430,924 $376,128 $54,796
2014 $4,614 $422,484 $368,761 $53,723
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2101287

California Regional Multiple Listing Service (CRMLS)

APN: 155-160-19