NOT LISTED FOR SALE

Estimated Value: $1,432,000 - $1,546,000

3 Beds
3 Baths
1,530 Sq Ft
$985/Sq Ft Est. Value

Last Sold August 28, 2017

Last sale price $1,050,000 $686 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $9,131/month

14 Days on Market

Highlights

  • Lawn
  • No HOA
  • Double Pane Windows
  • Woodrow Wilson High School Rated A
  • Cottage
  • Ceramic Countertops

About This Home

As of August 2017

Super cute 3 little houses on a lot. No common walls make this a hot property for renters. All units are identical and have Spanish tiles and hand painted sinks in the bathroom. Vinyl Windows! And, each unit allows a dog and all have doggie doors Floors are saltillo tile for easy maintenance. All units have stoves, dishwashers, microwaves, refrigerators and washer and dryers inside. Every unit has its own patio area. Just too awesome to believe!

There is no deferred maintenance and the roofs are clay tile. The front yard is beautifully landscaped with sprinklers on timers. There are two single garages with enough space behind them to get a car in sideways off the alley. Room for rent increase in one unit and both garages.

But the real beauty is in the walking distance to all the shops and restaurants on Broadway and in the Shore. 4 Blocks from the beach gets you those nice ocean breezes at night. Vacancies generate multiple applications because of the privacy, pet acceptance and appliances. Two units are leased and one is currently month to month. I measured the spaces at 520 sq. ft, but the assessor shows 510 for each. See it, love it, buy it. Subject to 1031 exchange.

This is in the heart of Bluff Heights and has tremendous ambiance. Perfect for owner/investor or just an astute investor.

Last Agent to Sell the Property

Mike Bryant

Michael Bryant, Broker License #00496781 Listed on: 06/24/2017

Last Buyer's Agent

Michael Roland

Coldwell Banker Realty License #01023175

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,659

Year Built

  • Built in 1922

Lot Details

  • 3,750 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Privacy Fence
  • Fenced
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Lawn

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Home Design

  • Triplex
  • Cottage
  • Spanish Tile Roof
  • Clapboard

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / U
  • Tax Tract Number 10
  • Assessor Parcel Number 7264005007

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $730
  • Insurance Expense $1,435
  • Other Expense $1,561
  • Water Sewer Expense $1,041
  • New Taxes Expense $13,125
  • Operating Expense $16,331
  • Gross Income $300
  • Net Operating Income $42,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,659

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.09
  • Inclusions: All appliances
  • Improvements Percent: 19.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Bluff Park (BLF)
  • View: No
  • Water Sewer Expenses: 1041.00
  • Zoning: LBR2A
  • Architectural Style: Cottage
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 730.00
  • Parcel Number: 7264005007
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 686.27
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Privacy
  • Pool Private: No
  • Roof: Spanish Tile
  • Construction Materials: Clapboard

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 81.00
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Sprinklers In Front, Sprinklers Timer
  • Lot Size: 3749 sq ft
  • Lot Size Sq Ft: 3750.00

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 520 Square Feet
  • Garage Income: 300.00
  • Gross Income: 300.00
  • Gross Multiplier: 17.54
  • Gross Operating Income: 59280.00
  • Gross Scheduled Income: 59880.00
  • Gross Spendable Income: 42949.00
  • Insurance Expense: 1435.00
  • Net Operating Income: 42949.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 16331.00
  • Operating Expense Percent: 28.00
  • Other Expense: 1561.00
  • Other Expense Description: repairs
  • Rent Control: No
  • Total Actual Rent: 59880.00
  • Total Expenses: 16331.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Area: 5-500
  • Tax Block: U
  • Tax Census Tract: 5767.00
  • Taxes Percent: 19.16
  • Tax Lot: 11
  • Tax Tract Number: 10/104
  • Tax Annual Amount: 9659.00
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2022
Sold by
Allen Royle Scott and Allen Beth Amy
Bought by
Scott Royle And Amy Beth Royle Revocable Trus
Current Estimated Value
$1,506,985

Purchase Details

Listed on
Jun 24, 2017
Closed on
Jul 13, 2017
Sold by
Gotthelf Eric L
Bought by
Royle Scott Allen and Royle Amy Beth
Seller's Agent
Mike Bryant
Michael Bryant, Broker
Buyer's Agent
Michael Roland
Coldwell Banker Realty
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$735,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2008
Sold by
Geary Faye S
Bought by
Gotthelf Eric L

Purchase Details

Closed on
Jun 7, 2007
Sold by
Hanyak Leslie A
Bought by
Gotthelf Eric L and Geary Faye S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2003
Sold by
Dickie John S and The Charles S & Virginia R Dic
Bought by
Hanyak Leslie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,400
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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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
Scott Royle And Amy Beth Royle Revocable Trus -- Kaiser Law Group
Royle Scott Allen $1,050,000 Ticor Title
Gotthelf Eric L -- Ticor Title Company Of Ca
Gotthelf Eric L $866,000 Ticor Title Tustin Orange Co
Hanyak Leslie A $405,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Royle Scott Allen $735,000
Previous Owner Gotthelf Eric L $157,000
Previous Owner Hanyak Leslie A $364,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2017 08/28/17 Sold $1,050,000 0.0% $686 / Sq Ft
06/12/2017 06/12/17 For Sale $1,050,000 -- $686 / 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 $15,112 $1,194,715 $910,261 $284,454
2024 $15,112 $1,171,290 $892,413 $278,877
2023 $14,858 $1,148,324 $874,915 $273,409
2022 $13,939 $1,125,809 $857,760 $268,049
2021 $13,670 $1,103,736 $840,942 $262,794
2019 $13,475 $1,071,000 $816,000 $255,000
2018 $13,119 $1,050,000 $800,000 $250,000
2016 $9,659 $800,000 $646,700 $153,300
2015 $8,110 $685,000 $553,700 $131,300
2014 $8,211 $685,000 $553,700 $131,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17143797

California Regional Multiple Listing Service (CRMLS)

APN: 7264-005-007