NOT LISTED FOR SALE

Estimated Value: $1,888,000 - $2,523,000

4 Beds
4 Baths
3,696 Sq Ft
$612/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $1,850,000 $501 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $13,972/month

34 Days on Market

Highlights

  • 0.22 Acre Lot
  • Traditional Architecture
  • Private Yard
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • 4-minute walk to Bluff Park

About This Home

As of May 2021

Welcome to Historical Bluff Park. This statuesque historical four unit building is a block from the ocean and has 5 two car garages on the back of the lot.
This location includes a large back yard area, recent upgrades to utilities, stucco & paint. Each unit is separately metered for gas & electricity as is the laundry room.

Last Agent to Sell the Property

Janet Lee

Pabst, Kinney & Associates License #01009485 Listed on: 03/05/2021

Last Buyer's Agent

George Bustamante

Coldwell Banker Commercial License #01484265

Coldwell Banker Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 9,631 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 10 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Tandem Garage

Home Design

  • Traditional Architecture
  • Quadruplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,696 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Blinds
  • Casement Windows
  • Window Screens
  • Neighborhood Views
  • Gas Range
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Legal Lot and Block 3 / 46
  • Tax Tract Number 7264
  • Assessor Parcel Number 7264024004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Bluff Park Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,800
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • New Taxes Expense $23,761
  • Operating Expense $32,999
  • Gross Income $86,400
  • Net Operating Income $63,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

10

Listing Details

  • CapRate: 3.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Bluff Park (BLF)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2L
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7264024004
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 500.54
  • Window Features: Blinds, Casement Windows, Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Tandem Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater Central
  • Electric: Standard
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 9631.00
  • Lot Size Acres: 0.2211

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average1 Bed Area: 924 Square Feet
  • Garage Income: 10200.00
  • Gross Income: 86400.00
  • Gross Multiplier: 20.26
  • Gross Operating Income: 96959.00
  • Gross Scheduled Income: 98723.00
  • Gross Spendable Income: 63960.00
  • Insurance Expense: 2800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 323.00
  • Lot Size Area: 9631.0000 Square Feet
  • Net Operating Income: 63960.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 32999.00
  • Operating Expense Percent: 33.00
  • Rent Control: Yes
  • Total Actual Rent: 6100.00
  • Total Expenses: 32999.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 23761.00
  • Tax Block: 46
  • Tax Census Tract: 5767.00
  • Tax Lot: 3
  • Tax Tract Number: 7264

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Apr 12, 2021
Sold by
James And Peggy Lymburner 2006 Trust
Bought by
Lmdg Fund Ill Holdings Llc
Seller's Agent
Janet Lee
Pabst, Kinney & Associates
Buyer's Agent
George Bustamante
Coldwell Banker Commercial
List Price
$1,999,995
Sold Price
$1,850,000
Premium/Discount to List
-$149,995
-7.5%
Current Estimated Value
$2,260,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,289
Avg. Annual Appreciation
4.42%

Purchase Details

Closed on
Jul 8, 2009
Sold by
Lymburner James W
Bought by
Lymburner James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2006
Sold by
Lymburner James W and Lymburner Peggy R
Bought by
Lymburner James W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lmdg Fund Ill Holdings Llc $1,850,000 Ticor Title
Lymburner James W -- Security Union Title
Lymburner James -- Security Union Title
Lymburner James W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lymburner James W $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $1,850,000 -7.5% $501 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $1,999,995 -- $541 / 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
2025 $25,559 $2,002,497 $1,298,917 $703,580
2024 $25,559 $1,963,234 $1,273,449 $689,785
2023 $25,127 $1,924,740 $1,248,480 $676,260
2022 $23,801 $1,887,000 $1,224,000 $663,000
2021 $5,457 $385,041 $209,155 $175,886
2020 $5,442 $381,094 $207,011 $174,083
2019 $5,381 $373,622 $202,952 $170,670
2018 $5,152 $366,297 $198,973 $167,324
2016 $4,731 $352,076 $191,248 $160,828
2015 $4,554 $346,789 $188,376 $158,413
2014 $4,545 $339,996 $184,686 $155,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21044304

California Regional Multiple Listing Service (CRMLS)

APN: 7264-024-004