NOT LISTED FOR SALE

Estimated Value: $1,640,000 - $1,958,000

3 Beds
4 Baths
2,180 Sq Ft
$801/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,505,000 $690 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $10,854/month

13 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Stone Countertops
  • Woodrow Wilson High School Rated A
  • Loft
  • No HOA

About This Home

As of September 2021

Incredibly Unique 3 detached homes on 1 lot! Walking distance to the beach. Live in the front house & benefit from the rental income of the 2 others. One is an AirBNB. Located on the best street in historic Bluff Heights. At approx. 1,280 sq ft, the front main home consists of modern upgrades, like Smart Home technology, combined with historic bungalow charm- 2 gorgeous stained glass windows, large bay window, original hardwood floors, fireplace, and double hung windows. Large & bright kitchen features quartz countertops with waterfall design over the barstool seating area, marble backsplash, upgraded stainless steel appliances, & granite sink. Easily entertain with a 10ft long beverage counter with water filter faucet, sink & beverage fridge. The guest bathroom is effortlessly cool, with gray tones, custom marble mosaic design, and rich wood tone vanity. The upstairs loft is a showstopper- easily double or triple the size of a normal bedroom. Wood beams ceilings accentuate the space beautifully. Tons of natural light, Levolor top down bottom up shades. Separate space at the top of the spiral staircase, ideal for an office. There's a large storage space above the closets. The bathroom is equally stunning- carrara marble shower & flooring, soaking tub, and chrome fixtures, including waterfall showerhead. A balcony off of the bedroom loft provides a nice retreat to enjoy the birds chirping in the morning, & pink sunsets in the evening, and small yard and patio off of the sunroom is another great space to relax or garden. The sunroom off of the kitchen houses storage cabinets & the washer/dryer. The 2nd home is a charming bungalow, and serves as an income producing vacation rental. The 3rd home is a large studio apartment over the 2 car garage. The tenants enjoy free laundry facilities, and a courtyard space. Exterior lighting throughout the property adds a luxurious ambience once dusk arrives. Currently bringing in $5600 a month in rental income from 2 units. This is one you don't want to miss.

Last Agent to Sell the Property

Marlena Baldonado

Coldwell Banker Realty License #01937854 Listed on: 07/28/2021

Coldwell Banker Realty

Last Buyer's Agent

Yolanda Cruz

Z Real Estate License #01511383

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 3,752 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Front Yard Sprinklers

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex
  • Raised Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 2,180 Sq Ft Home
  • 2-Story Property
  • Bar
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Living Room with Fireplace
  • Home Office
  • Loft
  • Neighborhood Views
  • Smart Home
  • Laundry Room

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / U
  • Assessor Parcel Number 7264005008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $720
  • Water Sewer Expense $1,920
  • Operating Expense $33,000
  • Gross Income $109,680
  • Net Operating Income $76,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1919 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.39
  • Inclusions: Fridge, Washer & Dryer, Smart Home Technology
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1920.00
  • Zoning: LBR2A
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7264005008
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Bar, Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Partial, Home Automation System, Recessed Lighting, Stone Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 690.37
  • Room Type: Kitchen, Laundry, Living Room, Loft, Office

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Range Hood, Water Heater
  • Heating Type: Zoned, Wall Furnace
  • Laundry Features: Common Area, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Landscaped, Sprinklers In Front
  • Lot Size Sq Ft: 3752.00
  • Lot Size Acres: 0.0861

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 109680.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 109680.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3752.0000 Square Feet
  • Net Operating Income: 76680.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 33000.00
  • Rent Control: No
  • Total Expenses: 33000.00

Tax Info

  • Tax Block: U
  • Tax Census Tract: 5767.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2017
Closed on
Sep 2, 2017
Sold by
Sanchez Virginia
Bought by
Sanchez Dennis
Seller's Agent
Daniel O'Connor
Compass
Buyer's Agent
Marlena Baldonado
Coldwell Banker Realty
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%
Current Estimated Value
$1,745,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$795,328
Avg. Annual Appreciation
7.60%
Original Mortgage
$712,500
Outstanding Balance
$593,103
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$1,152,225

Purchase Details

Listed on
Jul 11, 2017
Closed on
Aug 16, 2017
Sold by
Owena Llc
Bought by
Sanchez Frederick and Sanchez Dennis
Seller's Agent
Daniel O'Connor
Compass
Buyer's Agent
Marlena Baldonado
Coldwell Banker Realty
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Outstanding Balance
$593,103
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$1,152,225

Purchase Details

Closed on
May 27, 2014
Sold by
Dowling Michael Kent and Robinson Carolin Lin
Bought by
Owena Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,260
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 17, 2013
Closed on
May 24, 2013
Sold by
Dowling Michael K
Bought by
Dowling Michael Kent and Robinson Carol Lin
Seller's Agent
Maggie Shapiro
Keller Williams Coastal Prop.
Buyer's Agent
Dan O'Connor
Shorewood Realtors
List Price
$749,900
Sold Price
$760,000
Premium/Discount to List
$10,100
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%
Original Mortgage
$532,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2013
Closed on
Apr 15, 2013
Sold by
Cummings Bradley Webster and Cummings Stephanie Fabienne
Bought by
Dowling Michael K
Seller's Agent
Maggie Shapiro
Keller Williams Coastal Prop.
Buyer's Agent
Dan O'Connor
Shorewood Realtors
List Price
$749,900
Sold Price
$760,000
Premium/Discount to List
$10,100
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2008
Sold by
Cummings Bradley W and Cummings Stephanie
Bought by
Cummings Bradley Webster and Cummings Stephanie Fabienne

Purchase Details

Closed on
Feb 21, 2003
Sold by
Haradon Philip and Haradon Michele
Bought by
Cummings Bradley W and Cummings Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,400
Interest Rate
6.5%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Davis George and William C Orth Revocable Trust
Bought by
Haradon Phillip P and Haradon Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.09%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sanchez Dennis -- Usa National Title
Sanchez Frederick $950,000 Usa National Title
Owena Llc -- None Available
Dowling Michael Kent -- None Available
Dowling Michael K -- Fatcola
Dowling Michael K $760,000 Fatcola
Cummings Bradley Webster -- None Available
Cummings Bradley W $598,000 --
Haradon Phillip P $450,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Frederick $712,500
Previous Owner Owena Llc $244,260
Previous Owner Dowling Michael K $532,000
Previous Owner Cummings Bradley W $478,400
Previous Owner Haradon Phillip P $400,000
Closed Cummings Bradley W $89,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $1,505,000 0.0% $690 / Sq Ft
08/12/2021 08/12/21 Price Changed $1,505,000 +6.0% $690 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $1,420,000 +49.5% $651 / Sq Ft
09/06/2017 09/06/17 Sold $950,000 -4.9% $436 / Sq Ft View Prior Sale
07/24/2017 07/24/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $999,000 0.0% $458 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $999,000 +31.4% $458 / Sq Ft
05/31/2013 05/31/13 Sold $760,000 +1.3% $349 / Sq Ft View Prior Sale
04/11/2013 04/11/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $749,900 -- $344 / 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 $20,838 $1,597,117 $1,039,983 $557,134
2024 $19,946 $1,565,802 $1,019,592 $546,210
2023 $19,612 $1,535,100 $999,600 $535,500
2022 $18,392 $1,505,000 $980,000 $525,000
2021 $12,441 $998,618 $735,824 $262,794
2020 $12,409 $988,380 $728,280 $260,100
2019 $12,263 $969,000 $714,000 $255,000
2018 $11,949 $950,000 $700,000 $250,000
2016 $9,593 $791,895 $588,845 $203,050
2015 $9,206 $780,000 $580,000 $200,000
2014 $9,130 $763,450 $562,542 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21164052

California Regional Multiple Listing Service (CRMLS)

APN: 7264-005-008