NOT LISTED FOR SALE

304 Playa Blvd Watsonville, CA 95076

Estimated Value: $1,611,796

6 Beds
4 Baths
3,400 Sq Ft
$474/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $1,540,000 $453 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,947/month

216 Days on Market

Highlights

  • Ocean View
  • Deck
  • Den
  • Aptos High School Rated A-
  • High Ceiling
  • 2-minute walk to Triangle Park

About This Home

As of October 2022

New Price! Located on the main Blvd one block from the beach in the charming seaside neighborhood of La Selva Beach. This mix-used building consists of 3 individual residential units; a ground floor studio, 2 top floor units with ocean views including a 2 bedroom/1 bath, and a recently renovated 1 bedroom/1 bath. Also, a prime ground floor commercial space with a front showroom, full kitchen, full bath & multiple rooms with many entrances/exits with potential to split the space up. It is presently being used as a flexible live/workspace showroom. However, the commercial space has potential for many uses; in the past being a retail space, daycare center, office & home to a local restaurant. A highly desirable location in this tight-knit community with a local library, community clubhouse, playground, and more. Minutes to private beach access with miles of sandy beaches. An ideal place to have as an investment with high demand or have your own place to work and/or stay by the beach.

Last Agent to Sell the Property

Marcus Vidrine

David Lyng Real Estate License #70010151 Listed on: 03/01/2022

David Lyng Real Estate

Last Buyer's Agent

Marcus Vidrine

David Lyng Real Estate License #70010151 Listed on: 03/01/2022

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 2,570 Sq Ft Lot
  • Grass Covered Lot

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Bay
  • Downtown
  • Mountain

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 3,400 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Den
  • Storage Room

Kitchen

  • Electric Oven
  • Microwave
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Space Heater
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $118,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,564
  • Utility Expense $1,200
  • Trash Expense $600
  • Operating Expense $24,877
  • Gross Income $118,800

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

2,570 Sq Ft Lot

Listing Details

  • Zoning: C-1
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Countertop - Tile, Microwave, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 3400
  • Stories: 1
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Office Area, Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch
  • View: Bay, City, City Lights, Downtown, Mountains, Ocean
  • Yard/Grounds: Deck, Low Maintenance

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Space Heater, Wall Furnace
  • Sewer/Septic System: Septic Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Acres: 0.0590
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2570.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2570.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Lease(s), Month To Month
  • Gross Rent Multiplier: 14.49
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1564
  • Expenses Total: 24877
  • Expenses Utility: 1200
  • Expense Trash: 600
  • Income Annual Gross: 118800.00
  • Income Annual Rental: 118800
  • Income Gross Scheduled: 118800
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Contract Services, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Oct 5, 2022
Sold by
Kristen Clark Cozad Revocable Trust
Bought by
La Selva Building Llc
Seller's Agent
Marcus Vidrine
David Lyng Real Estate
Buyer's Agent
Marcus Vidrine
David Lyng Real Estate
List Price
$1,721,000
Sold Price
$1,540,000
Premium/Discount to List
-$181,000
-10.52%
Views
42
Current Estimated Value
$1,611,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,796
Avg. Annual Appreciation
1.35%

Purchase Details

Closed on
Feb 24, 2020
Sold by
Cozad Kristen Clark and Kristen Clark Cozad Revocable
Bought by
Cozad Kristen Clark and Kristen Clark Cozad Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 9, 2005
Sold by
Cozard Kristen Clark
Bought by
Solari Associates

Purchase Details

Closed on
Nov 19, 1999
Sold by
Cozad Harry and Cozad Kristen Clark
Bought by
Cozad Kristen Clark

Purchase Details

Closed on
Jun 1, 1998
Sold by
Little Erik Leonard
Bought by
Cozad Harry and Cozad Kristen Clark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,490
Interest Rate
7.17%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 1997
Sold by
Gingery Brent
Bought by
Little Erik Leonard
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
La Selva Building Llc $1,540,000 First American Title
Cozad Kristen Clark -- Old Republic Title Company
Solari Associates $520,000 Santa Cruz Title Company
Cozad Kristen Clark -- --
Cozad Harry $345,000 Old Republic Title Company
Little Erik Leonard $20,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cozad Kristen Clark $120,000
Previous Owner Cozad Harry $171,490
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2022 10/19/22 Sold $1,540,000 -10.5% $453 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $1,721,000 0.0% $506 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $1,721,000 -4.3% $506 / Sq Ft
08/02/2022 08/02/22 Price Changed $1,799,100 -2.8% $529 / Sq Ft
07/15/2022 07/15/22 Price Changed $1,850,000 -2.6% $544 / Sq Ft
07/07/2022 07/07/22 Price Changed $1,899,000 -2.6% $559 / Sq Ft
05/18/2022 05/18/22 Price Changed $1,950,000 -2.4% $574 / Sq Ft
04/29/2022 04/29/22 Price Changed $1,998,000 -2.5% $588 / Sq Ft
04/05/2022 04/05/22 Price Changed $2,049,000 -2.4% $603 / Sq Ft
03/01/2022 03/01/22 For Sale $2,099,000 -- $617 / Sq Ft
Source: MLSListings

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 $17,627 $1,602,216 $1,040,400 $561,816
2023 $6,431 $529,499 $260,912 $268,587
2022 $6,319 $519,116 $255,796 $263,320
2021 $6,094 $508,938 $250,781 $258,157
2020 $6,011 $503,719 $248,209 $255,510
2019 $5,967 $493,842 $243,342 $250,500
2018 $5,780 $484,159 $238,571 $245,588
2017 $5,742 $474,664 $233,892 $240,772
2016 $5,554 $465,357 $229,306 $236,051
2015 $5,409 $458,367 $225,862 $232,505
2014 $5,300 $449,389 $221,438 $227,951
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81878597

MLSListings

APN: 045-171-27-000

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