NOT LISTED FOR SALE

2885 Capitola Rd Unit 1 Santa Cruz, CA 95062

Live Oak Neighborhood

Estimated Value: $1,835,000 - $2,198,000

10 Beds
4 Baths
3,284 Sq Ft
$602/Sq Ft Est. Value

Last Sold September 30, 2013

Last sale price $897,000 $273 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $11,914/month

34 Days on Market

Highlights

  • Neighborhood Views
  • Balcony
  • Level Lot
  • Mission Hill Middle School Rated A-
  • Laundry Facilities
  • Carpet

About This Home

As of September 2013

Fully-leased 4-plex, shares off-street parking, laundry & trash removal w/neighbors for minimized overhead. Good floorplans w/spacious bedrooms, south-facing kitchen & dining areas. Downstairs units have large patio off dining room, upstairs have sundecks. Solidly-built construction with low-maintenance grounds, stucco exterior & sound-insulated floors. Great access to parks, schools & shopping.

Last Agent to Sell the Property

Datta Khalsa

Main Street Realtors License #01161050 Listed on: 07/11/2013

Last Buyer's Agent

Datta Khalsa

Main Street Realtors License #01161050 Listed on: 07/11/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,559

Year Built

  • 1965

Lot Details

  • 0.27

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,284 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Balcony
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $80,040
  • The owner pays for garbage, services - gardener/landscaping, water
  • Month-to-Month Lease Term

Community Details

Building Details

  • Gardener Expense $1,440
  • Insurance Expense $4,126
  • Maintenance Expense $2,400
  • Manager Expense $4,802
  • Trash Expense $1,800
  • Operating Expense $27,846
  • Gross Income $76,838

Additional Features

  • 3,284 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,559

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: RM-3
  • Subclass: Fourplex
  • Age: 48
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 273.14
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3284
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 3284
  • Stories: 2
  • Laundry: Community Facility
  • Flooring: Carpet - Area, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Off-Street Parking

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Schools

  • School District: Santa Cruz County Office of Education
  • Middle School: Shoreline Middle
  • Middle School: 884

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11805.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 11805.00
  • Lot Size Area Min Search: 11805.00
  • Maximum Lot Size: 11805.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet, Insulation - Per Owner

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 11.56

Multi Family

  • Expense Insurance: 4126
  • Expense Landscape: 1440
  • Expense Maintenance: 2400
  • Expense Management: 4802
  • Expenses Total: 27846
  • Expense Trash: 1800
  • Expense Water Sewer: 1716
  • Income Annual Gross: 76838.00
  • Income Annual Rental: 80040
  • Income Gross Scheduled: 80040
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Hot Water, Utilities - Electric
  • Vacancy Amount: 3202
  • Vacancy Factor: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2020
Sold by
Pezua Dominicia Betsabe and Nishanian Harutiun
Bought by
Nishanian Harutiun Parunag
Current Estimated Value
$1,977,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$482,467
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,381,561

Purchase Details

Closed on
Mar 5, 2018
Sold by
Nishanian Harutiun P
Bought by
Pezua Dominica Betsabe and Nishanian Harutiun Parunag

Purchase Details

Listed on
Jul 11, 2013
Closed on
Sep 24, 2013
Sold by
Pezua Dominica Betsabe
Bought by
Nishanian Harutiun P
Seller's Agent
Datta Khalsa
Main Street Realtors
Buyer's Agent
Datta Khalsa
Main Street Realtors
List Price
$925,000
Sold Price
$897,000
Premium/Discount to List
-$28,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$600,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2002
Sold by
Nomellini Dante J and Nomellini Pamela R
Bought by
Bmn Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,800
Interest Rate
6.94%

Purchase Details

Closed on
Mar 1, 2002
Sold by
Bmn Associates Llc
Bought by
Nomellini Dante J and Nomellini Pamela R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,800
Interest Rate
6.94%

Purchase Details

Closed on
Jan 31, 2000
Sold by
Nalvini Merrill J and Malvini Family Trust
Bought by
Bmn Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,930
Interest Rate
7.87%
Source: Public Records

Range of Values:

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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
Nishanian Harutiun Parunag -- Old Republic Title
Nishanian Harutiun Parunag -- Title365
Pezua Dominica Betsabe -- None Available
Nishanian Harutiun P -- Old Republic Title Company
Nishanian Harutiun P $897,000 Old Republic Title Company
Bmn Associates Llc -- --
Nomellini Dante J -- Santa Cruz Title Company
Bmn Associates Llc $515,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nishanian Harutiun Parunag $540,000
Closed Nishanian Harutiun P $600,000
Previous Owner Nomellini Dante J $498,800
Previous Owner Bmn Associates Llc $323,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2013 09/30/13 Sold $897,000 -3.0% $273 / Sq Ft
08/14/2013 08/14/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $925,000 -- $282 / Sq Ft
Source: MLSListings

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 $16,559 $1,099,600 $560,220 $539,380
2023 $15,769 $1,056,901 $538,466 $518,435
2022 $15,330 $1,036,178 $527,908 $508,270
2021 $14,802 $1,015,860 $517,556 $498,304
2020 $14,585 $1,005,443 $512,249 $493,194
2019 $14,265 $985,729 $502,205 $483,524
2018 $13,951 $966,401 $492,358 $474,043
2017 $13,676 $947,452 $482,704 $464,748
2016 $13,343 $928,874 $473,239 $455,635
2015 $12,998 $914,922 $466,131 $448,791
2014 $12,759 $897,000 $457,000 $440,000
Source: Public Records

Agents Affiliated with this Home

  • Datta Khalsa

    Seller's Agent in 2013

    Datta Khalsa

    Main Street Realtors

    (831) 818-0181

    9 in this area

    83 Total Sales

    Datta Khalsa
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Map

Source: MLSListings

MLS Number: ML81325028

MLSListings

APN: 031-071-27-000

California Santa Cruz County Santa Cruz 95062 Live Oak

2885 Capitola Rd Unit 1, Santa Cruz, CA

This home is located at 2885 Capitola Rd Unit 1, Santa Cruz, CA 95062 since 11 July 2013 and is currently estimated at $1,977,126, approximately $602 per square foot. This property was built in 1965. 2885 Capitola Rd Unit 1 is a home located in Santa Cruz County with nearby schools including Mission Hill Middle School, Harbor High School, and Soquel High School.

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