NOT LISTED FOR SALE

247 Alestar St Vista, CA 92084

Vista Area
5 Beds
4 Baths
4,260 Sq Ft
10,526 Sq Ft Lot

Sale Details

Date Sold: December 27, 2023

Last sale price $1,387,430 $326 Per Sq Ft

21 Days on Market

Highlights

  • Golf Course Community
  • Hiking Trails
  • Laundry Facilities
  • No HOA
  • Park
  • No Heating

About This Home

As of December 2023

The property features 8 total beds and 7 baths and a unit mix of (1) three-bedroom, two-bath, (2) two-bedroom, two-baths, and (1) onebedroom, one-bath apartments. Each unit averages $1,761 per month in rent and markets rents average $2,750 per month, with a total of 56%+/- rental upside potential. Each unit features a patio or balcony, interior upgrades in 2016/2017 along with new windows, new HVAC systems including air conditioning, newer roofs on both the car port and a mainstructure. The elevated walkways, balconies and railings have had recent upgrades and repairs. There are four car port parking spaces and an attached, upgraded, laundry room. Both gas and electric are separately metered and the building features two water heaters, one of which was replaced in 2023. Multiple upgrades to the property have been made in the past 7 years including exterior paint and stucco, new windows, gutters, upgraded interiors, roofs, windows, doors and more.

Last Agent to Sell the Property

Eric von Bluecher

Lee & Associates License #01926201 Listed on: 11/01/2023

Last Buyer's Agent

Terry Moore

ACI Apartments License #00918512

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 10,526 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,260 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Exterior Lighting
  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5384
  • Assessor Parcel Number 1761105300

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,243
  • Trash Expense $3,072
  • New Taxes Expense $13,569
  • Operating Expense $40,914
  • Gross Income $85,632
  • Net Operating Income $42,149

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

10,526 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 3.12
  • Property Attached: Yes
  • View: No
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1761105300
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 325.69

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3072.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Golf, Sidewalks, Street Lights, Suburban, Hiking, Park

Lot Info

  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 10526.00
  • Lot Size Acres: 0.2416

Multi Family

  • Gross Income: 85632.00
  • Gross Scheduled Income: 85632.00
  • Insurance Expense: 3243.00
  • Lot Size Area: 10526.0000 Square Feet
  • Net Operating Income: 42149.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 40914.00
  • Rent Control: No
  • Total Expenses: 40914.00

Tax Info

  • New Taxes Expense: 13569.00
  • Tax Lot: 10
  • Tax Tract Number: 5384

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 1, 2023
Closed on
Dec 12, 2023
Sold by
Bought by
Seller's Agent
Eric von Bluecher
Lee & Associates
Buyer's Agent
Terry Moore
ACI Apartments
List Price
$1,350,000
Sold Price
$1,387,430
Premium/Discount to List
$37,430
2.77%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$971,201
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 1988

Purchase Details

Closed on
Dec 26, 1984

Purchase Details

Closed on
Oct 18, 1983
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,387,500 Chicago Title
-- None Available
-- None Available
-- --
$285,000 --
$190,000 --
$182,000 --
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
Open $964,999
Closed $971,201
Previous Owner $177,043
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
12/27/2023 12/27/23 Sold $1,387,430 +2.8% $326 / Sq Ft
11/01/2023 11/01/23 For Sale $1,350,000 -- $317 / 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
2026 $18,085 $1,443,481 $988,380 $455,101
2025 $17,168 $1,415,178 $969,000 $446,178
2024 $17,168 $1,387,430 $950,000 $437,430
2023 $7,652 $514,033 $216,431 $297,602
2022 $7,637 $503,955 $212,188 $291,767
2021 $7,473 $494,075 $208,028 $286,047
2020 $7,414 $489,009 $205,895 $283,114
2019 $7,318 $479,421 $201,858 $277,563
2018 $7,052 $470,021 $197,900 $272,121
2017 $6,957 $460,806 $194,020 $266,786
2016 $6,800 $451,771 $190,216 $261,555
2015 $6,753 $444,986 $187,359 $257,627
2014 $6,602 $436,270 $183,689 $252,581
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2308526

California Regional Multiple Listing Service (CRMLS)

APN: 176-110-53-00

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