NOT LISTED FOR SALE

Estimated Value: $1,056,000 - $1,297,529

2 Beds
2 Baths
880 Sq Ft
$1,371/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2013

Last sale price $529,000 $601 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,999 / mo

2 Days on Market

Highlights

  • Ocean View
  • Heating Available
  • 1-Story Property

About This Home

As of June 2013

Great units west of 101 w/strong income & established tenants. Premium location, just blks to beach. Corner lot w/ alley, within Arts & Technology corridor (incentives) = ideal to develop. Build up for great ocean view. New construction across street & along blk. Private fenced front & back, laundry hookups, garages plus off street parking. Always rented. Current rents are actual, NOT PROJECTED Tenants wish to remain. Seller is very motivated. Please do not disturb tenants - shown by appt only. Neighborhoods: Patton & Montagues Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 301 Unit # for Unit 2: 303 Unit 1 Parking Spaces: 3 Unit 2 Parking Spaces: 3 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Kimberly Maye

Oceanside Realty Group License #01346577 Listed on: 05/15/2013

Co-Listed By

Carol Corrigan

Oceanside Realty Group License #01151605

Last Buyer's Agent

Sandra Vienna

Hanson Realty License #00578033

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,791 Sq Ft Lot
  • Sprinkler System

Interior Spaces

  • 1-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating Available
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $26,220

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 301Leonard92054
  • Assessor Parcel Number 1503750100

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

4,791 Sq Ft Lot

Listing Details

  • CapRate: 5.36
  • Subdivision Name Other: Oceanside
  • View: Yes
  • Zoning: 6
  • Property Type: Residential Income
  • Parcel Number: 1503750100
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • View: Ocean
  • Pool Private: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Electric

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 4791.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 29220.00
  • Lot Size Area: 4791.0000 Square Feet
  • Net Operating Income: 26220.00
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2

Tax Info

  • Tax Lot: 301Leonard92054

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2019
Sold by
Rips Barks I Llc
Bought by
Rips Martin A and Barks Victoria
Current Estimated Value
$1,206,882

Purchase Details

Closed on
May 3, 2018
Sold by
Rips Martin A and Barks Victoria
Bought by
Rips Barks I Llc

Purchase Details

Closed on
Apr 7, 2014
Sold by
Rips Martin A and Barks Victoria
Bought by
The Rips Family Trust and Barks Victoria

Purchase Details

Listed on
May 15, 2013
Closed on
May 23, 2013
Sold by
Maye Kimberly
Bought by
Rips Martin A and Barks Victoria B
Seller's Agent
Kimberly Maye
Oceanside Realty Group
Buyer's Agent
Sandra Vienna
Hanson Realty
List Price
$529,000
Sold Price
$529,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$350,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2006
Sold by
Maye Kimberly
Bought by
Maye Kimberly

Purchase Details

Closed on
Jul 26, 2004
Sold by
Maye Michael
Bought by
Maye Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2001
Sold by
Aguilar Robert A and Aguilar Sylvia G
Bought by
Maye Michael and Maye Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,150
Interest Rate
8.48%

Purchase Details

Closed on
Jun 22, 2000
Sold by
Duskova Daniela
Bought by
Eckerle Richard D

Purchase Details

Closed on
Apr 6, 2000
Sold by
Eckerle Richard D
Bought by
Aguilar Robert A and Aguilar Sylvia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
8.63%

Purchase Details

Closed on
Aug 23, 1999
Sold by
Giaconelli Louis H and Giaconelli Danna M
Bought by
Eckerle Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
10.5%

Purchase Details

Closed on
Nov 10, 1998
Sold by
Dennis Stillman
Bought by
Giaconelli Louis H and Giaconelli Danna Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.66%
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
Rips Martin A -- None Available
Rips Barks I Llc -- None Available
The Rips Family Trust -- None Available
Rips Martin A $529,000 First American Title Company
Maye Kimberly -- None Available
Maye Kimberly -- New Century Title Company
Maye Michael $315,000 Old Republic Title Company
Eckerle Richard D -- Old Republic Title Company
Aguilar Robert A $255,000 Old Republic Title Company
Eckerle Richard D $210,000 Old Republic Title Company
Giaconelli Louis H $140,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rips Martin A $350,000
Previous Owner Maye Kimberly $286,000
Previous Owner Maye Michael $283,150
Previous Owner Aguilar Robert A $204,000
Previous Owner Eckerle Richard D $126,000
Previous Owner Giaconelli Louis H $126,000
Closed Eckerle Richard D $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2013 06/28/13 Sold $529,000 0.0% $601 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $529,000 -- $601 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,208 $651,413 $442,076 $209,337
2024 $7,208 $638,641 $433,408 $205,233
2023 $6,987 $626,119 $424,910 $201,209
2022 $6,882 $613,843 $416,579 $197,264
2021 $6,909 $601,808 $408,411 $193,397
2020 $6,696 $595,638 $404,224 $191,414
2019 $6,502 $583,960 $396,299 $187,661
2018 $6,433 $572,511 $388,529 $183,982
2017 $6,316 $561,286 $380,911 $180,375
2016 $6,112 $550,282 $373,443 $176,839
2015 $5,934 $542,017 $367,834 $174,183
2014 $5,705 $531,400 $360,629 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 130024768

California Regional Multiple Listing Service (CRMLS)

APN: 150-375-01

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