NOT LISTED FOR SALE
6 Beds
4 Baths
3,000 Sq Ft
5,000 Sq Ft Lot

Sale Details

Date Sold: February 3, 2017

Last sale price $1,575,000 $525 Per Sq Ft

51 Days on Market

Highlights

  • Contemporary Architecture
  • Ceramic Countertops
  • Accessible Parking
  • Marco Forster Middle School Rated A-
  • Living Room
  • 1-minute walk to Lantern Village Community Park

About This Home

As of February 2017

Beautiful four plex on the corner of La Cresta and Violet Lantern. This building contains 2- 2 bedroom 1 bath units and 2-1 bedroom 1 bath units. Each unit has either a patio, deck or yard. Each has an over sized garage. The 2 bedroom units are large enough that an additional bath could be added, thereby additional rent could be obtained. The units are in good condition but are not refurbished.The location is one block from Pacific Coast highway and is walkable to everything. Please do not disturb the tenants

Last Agent to Sell the Property

Cheryl Saltus

Salome’ Ollangg Real Estate Broker License #00344671 Listed on: 11/30/2016

Last Buyer's Agent

Brian Morales

Redfin License #01441520

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 16-20 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Property Attached
  • Fire Rated Drywall
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • Window Screens
  • Living Room
  • Termite Clearance
  • Laundry in unit

Kitchen

  • Gas Range
  • Dishwasher
  • Ceramic Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Utilities

  • Central Heating
  • Wall Furnace
  • Sewer Paid
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 861
  • Assessor Parcel Number 68211414

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $120
  • Gardener Expense $960
  • Insurance Expense $1,100
  • Professional Management Expense $3,912
  • Trash Expense $480
  • Water Sewer Expense $1,200
  • New Taxes Expense $19,800
  • Operating Expense $29,492
  • Gross Income $80,040
  • Net Operating Income $50,548

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

5,000 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 3912.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 68211414
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Price Per Square Foot: 525.00
  • Room Type: Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Electric: Standard
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 5000.00

Multi Family

  • Electric Expense: 120.00
  • Gross Income: 80040.00
  • Gross Scheduled Income: 80040.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 50548.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 29492.00
  • Rent Control: No
  • Total Actual Rent: 6520.00
  • Total Expenses: 29492.00

Tax Info

  • New Taxes Expense: 19800.00
  • Tax Lot: 1
  • Tax Tract Number: 861

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2016
Closed on
Jan 24, 2017
Sold by
Bought by
Seller's Agent
Cheryl Saltus
Salome’ Ollangg Real Estate Broker
Buyer's Agent
Brian Morales
Redfin
List Price
$1,659,000
Sold Price
$1,575,000
Premium/Discount to List
-$84,000
-5.06%

Purchase Details

Closed on
Feb 13, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
0.0437%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 6, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,400
Interest Rate
0.075%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,575,000 Lawyers Title
-- None Available
-- Lawyers Title
$1,200,000 Lawyers Title
$390,500 Fidelity National Title Ins
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $840,000
Previous Owner $286,950
Previous Owner $801,950
Previous Owner $281,000
Previous Owner $302,000
Previous Owner $305,000
Previous Owner $312,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/03/2017 02/03/17 Sold $1,575,000 -5.1% $525 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
11/30/2016 11/30/16 For Sale $1,659,000 -- $553 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,465 $1,827,919 $1,679,937 $147,982
2024 $21,465 $1,792,078 $1,646,997 $145,081
2023 $20,769 $1,756,940 $1,614,703 $142,237
2022 $17,440 $1,722,491 $1,583,042 $139,449
2021 $17,103 $1,688,717 $1,552,002 $136,715
2020 $16,933 $1,671,402 $1,536,088 $135,314
2019 $16,600 $1,638,630 $1,505,969 $132,661
2018 $16,281 $1,606,500 $1,476,440 $130,060
2017 $12,602 $1,242,666 $1,092,076 $150,590
2016 $12,361 $1,218,300 $1,070,662 $147,638
2015 $6,972 $509,372 $352,762 $156,610
2014 $6,871 $499,395 $345,852 $153,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16754978

California Regional Multiple Listing Service (CRMLS)

APN: 682-114-14

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