NOT LISTED FOR SALE
9 Beds
9 Baths
4,221 Sq Ft
6,098 Sq Ft Lot

Last Sold November 03, 2020

Last sale price $3,734,500 $885 Per Sq Ft

42 Days on Market

Highlights

  • Laundry Room
  • Baseboard Heating
  • Gas Fireplace
  • El Morro Elementary School Rated A+
  • Front Yard
  • 4-minute walk to Heisler Park

About This Home

As of November 2020

Fabulous 7 unit building in an iconic location in North Laguna. Close to town and secluded beach coves. 3 2beds , 3 one beds, one studio in a great North Laguns location .. Short walk to town and beaches. All units have been recently upgraded..There are some garages for several units .. See agents for further details..

Last Agent to Sell the Property

Joseph Baker

Berkshire Hathaway HomeServices California Properties License #00605064 Listed on: 08/10/2020

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Rick Balzer

Berkshire Hathaway HomeServices California Properties License #00329607

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Rick Balzer

Berkshire Hathaway HomeServices California Properties License #00329607

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,221 Sq Ft Home
  • Gas Fireplace
  • Gas Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Location

  • Suburban Location

Utilities

  • Baseboard Heating
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV
  • Legal Lot and Block 20 / 19
  • Tax Tract Number 413
  • Assessor Parcel Number 49612211

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • North Laguna Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $371
  • Gardener Expense $250
  • Insurance Expense $4,000
  • Maintenance Expense $5,084
  • Professional Management Expense $5,403
  • Water Sewer Expense $1,878
  • Security Expense $21,900
  • New Taxes Expense $49,375
  • Operating Expense $104,097
  • Gross Income $209,500
  • Net Operating Income $82,942

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 32.00
  • Professional Management Expense: 5403.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security Expense: 21900.00
  • Subdivision Name Other: North Laguna (NL)
  • Water Sewer Expenses: 1878.00
  • Property Type: Residential Income
  • Gardener Expense: 250.00
  • Parcel Number: 49612211
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Gas
  • Levels: Two
  • Price Per Square Foot: 884.74

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Electric: Electricity - On Property
  • Heating Type: Baseboard
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Front Yard
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: All Utilities, Cable TV

Multi Family

  • Electric Expense: 371.00
  • Gross Income: 209500.00
  • Gross Scheduled Income: 209496.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 5084.00
  • Net Operating Income: 82942.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Carpet: 5
  • Number With Patio: 1
  • Operating Expense: 83000.00
  • Rent Control: No
  • Total Expenses: 104097.00

Tax Info

  • New Taxes Expense: 49375.00
  • Tax Block: 19
  • Tax Census Tract: 626.05
  • Tax Lot: 20
  • Tax Tract Number: 413

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
11/03/2020 11/03/20 Sold $3,734,500 -5.5% $885 / Sq Ft
08/10/2020 08/10/20 For Sale $3,950,000 0.0% $936 / Sq Ft
03/02/2015 03/02/15 Rented $3,450 -1.4% --
01/31/2015 01/31/15 Under Contract -- -- --
12/21/2014 12/21/14 For Rent $3,500 0.0% --
07/11/2014 07/11/14 Rented $3,500 -10.3% --
07/11/2014 07/11/14 For Rent $3,900 -- --
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
2025 $45,780 $4,042,341 $3,771,733 $270,608
2024 $45,780 $3,963,080 $3,697,778 $265,302
2023 $44,547 $3,885,373 $3,625,273 $260,100
2022 $43,516 $3,809,190 $3,554,190 $255,000
2021 $42,499 $3,734,500 $3,484,500 $250,000
2020 $21,845 $1,722,754 $1,378,206 $344,548
2019 $21,339 $1,688,975 $1,351,182 $337,793
2018 $20,844 $1,655,858 $1,324,688 $331,170
2017 $20,329 $1,623,391 $1,298,714 $324,677
2016 $19,844 $1,591,560 $1,273,249 $318,311
2015 $19,441 $1,567,654 $1,254,124 $313,530
2014 $18,981 $1,536,946 $1,229,557 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20161310

California Regional Multiple Listing Service (CRMLS)