$1,695,000
SOLD APR 25, 2012 RENTED MAY 8, 2025
12 Beds
11 Baths
6,605 Sq Ft
9,440 Sq Ft Lot

Recently Sold

$257 Per Sq Ft

34 Days on Market

Highlights

  • 0.22 Acre Lot
  • Corner Lot
  • Bungalow
  • Ethel Dwyer Middle Rated A-
  • 11 Car Direct Access Garage
  • Tile Flooring

About This Home

As of March 2025

This is an amazing opportunity. With demand for rentals surging, here are SIX units with ez access to 5-points and Seacliff shopping, HB High, the HB Civic Center, and right between Central Park and Downtown/the Pier/the Pacific Ocean! All units have updated kitchens and baths, updated flooring, large patio yards and private garages. Huge 'owners'' unit has 3BR 2.5Ba and 3 GARAGES, one of which is extra tall for RV or other large vehicle! Well maintained, excellently located, and just check the rents in the area for a taste of what could be!

Last Agent to Sell the Property

Maggie Etheridge-Ureno

Marthanne Etheridge, Broker License #00645855 Listed on: 01/22/2012

Last Buyer's Agent

Martie Etheridge

RE/MAX Select One License #00645855

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,440 Sq Ft Lot
  • Corner Lot

Parking

  • 11 Car Direct Access Garage
  • Rear-Facing Garage

Home Design

  • 6,605 Sq Ft Home
  • Bungalow
  • Composition Roof
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Bathrooms

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Tract Number 9286
  • Assessor Parcel Number 02511158

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $326
  • Gardener Expense $720
  • Insurance Expense $2,250
  • Trash Expense $1,809
  • Water Sewer Expense $2,513
  • New Taxes Expense $21,188
  • Gross Income $9,773
  • Net Operating Income $84,676

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

11

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • View: No
  • Water Sewer Expenses: 2513.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 02511158
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 256.62

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 11.00
  • Parking: No
  • Parking Features: Direct Garage Access, Garage Faces Rear
  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Free Standing, Gas Cooking, Disposal, Gas Water Heater, Oven, Range, Self Cleaning Oven
  • Heating Type: Central
  • Trash Expense: 1809.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9440.00
  • Lot Size Acres: 0.2170

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 326.00
  • Gross Income: 9773.00
  • Gross Multiplier: 14.02
  • Gross Scheduled Income: 120900.00
  • Insurance Expense: 2250.00
  • Lot Size Area: 9440.0000 Square Feet
  • Net Operating Income: 84676.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Operating Expense: 32598.00
  • Operating Expense Percent: 27.00
  • Total Actual Rent: 10075.00
  • Vacancy Allowance: 3627
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21188.00
  • Tax Area: 04001
  • Tax Lot: 0.
  • Tax Tract Number: 9286

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 Change Sq Ft Price
05/08/2025 05/08/25 Rented $3,250 0.0% --
04/24/2025 04/24/25 Price Changed $3,250 -1.4% $3 / Sq Ft
04/15/2025 04/15/25 Price Changed $3,295 -5.7% $3 / Sq Ft
03/18/2025 03/18/25 For Rent $3,495 0.0% --
03/07/2025 03/07/25 Sold $3,100,000 -3.0% $469 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/09/2025 01/09/25 Price Changed $3,195,000 -1.7% $484 / Sq Ft
12/02/2024 12/02/24 Price Changed $3,250,000 -1.5% $492 / Sq Ft
09/06/2024 09/06/24 For Sale $3,300,000 0.0% $500 / Sq Ft
11/01/2023 11/01/23 Rented $2,995 0.0% --
10/25/2023 10/25/23 For Rent $2,995 +25.1% --
04/01/2015 04/01/15 Rented $2,395 0.0% --
04/01/2015 04/01/15 For Rent $2,395 0.0% --
03/12/2015 03/12/15 Sold $2,080,000 -3.3% $315 / Sq Ft
01/27/2015 01/27/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $2,150,000 +26.8% $326 / Sq Ft
04/25/2012 04/25/12 Sold $1,695,000 0.0% $257 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
01/22/2012 01/22/12 For Sale $1,695,000 -- $257 / 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: S687156

California Regional Multiple Listing Service (CRMLS)