NOT LISTED FOR SALE

315 Esplanade Ave Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $2,012,711 - $2,595,000

8 Beds
4 Baths
5,824 Sq Ft
$375/Sq Ft Est. Value

Last Sold August 11, 2021

Last sale price $2,100,000 $361 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $13,456/month

15 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Washer and Dryer
  • Westmoor High School Rated A-
  • Skylights
  • Fenced

About This Home

As of August 2021

If you've ever dreamed of owning ocean front units with the flexibility of keeping one for yourself and renting the others, or just a rock solid investment...Your dreams have been answered! This investment has been in the family for many years and is now ready for the next family to carry on the legacy!! These spacious 2 bedroom 1 bath units are set up like two duplexes. Two separate buildings and each unit has three covered parking spaces! Freshly painted, separately metered for power/gas plus well-maintained, this is a rare opportunity that does not come along very often so be sure to put this amazing fourplex at the top of your must see list! All units are rented with seasoned tenants!! Please don't disturb them! Be sure to drive by and see you'd be glad to did!!

Last Agent to Sell the Property

Alex Lehr

Guide Real Estate License #00867442 Listed on: 06/03/2021

Guide Real Estate

Last Buyer's Agent

Andy Gan

Intero Real Estate Services License #01868784

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 7,980 Sq Ft Lot
  • Fenced
  • Level Lot
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,824 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Carpet
  • Ocean Views
  • Electric Oven
  • Washer and Dryer

Parking

  • 8 Carport Spaces
  • Lighted Parking
  • On-Street Parking
  • Off-Site Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $103,800

Community Details

Overview

  • 5,824 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $3,600
  • Operating Expense $51,800
  • Gross Income $103,800

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5824
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Appliances - Vary By Unit, Oven - Electric, Varies By Unit
  • Living Sq Ft: 5824
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Shingle
  • View: Ocean
  • Yard/Grounds: Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Lighted Parking Area, Off-Site Parking, On Street
  • Carport Min: 8

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight

Lot Info

  • Lot Description: Grade - Level, Views
  • Lot Acres: 0.1832
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7980.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7980.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.34
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 2000
  • Expense Landscape: 1200
  • Expense Maintenance: 3600
  • Expenses Total: 51800
  • Income Annual Gross: 103800.00
  • Income Annual Rental: 103800
  • Income Gross Scheduled: 103800
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Miscellaneous/Other, Services - Sewer, Services - Trash Removal, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Aug 11, 2021
Sold by
Ledean Taylor
Bought by
Taylor Timothy and Taylor Keith
Seller's Agent
Alex Lehr
Guide Real Estate
Buyer's Agent
Andy Gan
Intero Real Estate Services
List Price
$1,800,000
Sold Price
$2,100,000
Premium/Discount to List
$300,000
16.67%
Current Estimated Value
$2,182,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,428
Avg. Annual Appreciation
0.88%
Original Mortgage
$1,500,000
Outstanding Balance
$1,361,017
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$821,411

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 8, 2021
Sold by
Taylor Timothy and Taylor Keith
Bought by
Xiong Yizhi and Zhao Tong
Seller's Agent
Alex Lehr
Guide Real Estate
Buyer's Agent
Andy Gan
Intero Real Estate Services
List Price
$1,800,000
Sold Price
$2,100,000
Premium/Discount to List
$300,000
16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,361,017
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$821,411

Purchase Details

Closed on
Feb 4, 2014
Sold by
Taylor Ledean
Bought by
Taylor Ledean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2014
Sold by
Taylor Ledean
Bought by
Taylor Ledean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2008
Sold by
Taylor Ledean
Bought by
Taylor Ledean

Purchase Details

Closed on
Mar 19, 1999
Sold by
Taylor Jim W
Bought by
Taylor Jim Willie and Taylor Ledean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.79%

Purchase Details

Closed on
Oct 15, 1996
Sold by
Taylor Jim W
Bought by
Taylor Jim Willie and Taylor Ledean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Taylor Timothy -- --
Xiong Yizhi $2,100,000 North American Title Co Inc
Taylor Ledean -- None Available
Taylor Ledean -- First American Title Company
Taylor Ledean -- None Available
Taylor Jim Willie -- Commonwealth Land Title Co
Taylor Jim Willie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xiong Yizhi $1,500,000
Previous Owner Taylor Ledean $310,000
Previous Owner Taylor Jim Willie $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2021 08/11/21 Sold $2,100,000 +16.7% $361 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $1,800,000 -- $309 / 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 $24,254 $1,900,000 $995,000 $905,000
2023 $24,254 $1,800,000 $942,857 $857,143
2022 $26,265 $2,100,000 $1,100,000 $1,000,000
2021 $11,577 $710,784 $213,227 $497,557
2020 $11,216 $703,497 $211,041 $492,456
2019 $11,167 $689,703 $206,903 $482,800
2018 $10,284 $676,181 $202,847 $473,334
2017 $9,948 $662,923 $198,870 $464,053
2016 $10,036 $649,925 $194,971 $454,954
2015 $9,676 $640,164 $192,043 $448,121
2014 $10,704 $627,625 $188,282 $439,343
Source: Public Records

Agents Affiliated with this Home

  • Alex Lehr

    Seller's Agent in 2021

    Alex Lehr

    Guide Real Estate

    (650) 766-5500

    2 in this area

    235 Total Sales

    Alex Lehr
    Section Image
  • Andy Gan

    Buyer's Agent in 2021

    Andy Gan

    Intero Real Estate Services

    (650) 922-3168

    1 in this area

    126 Total Sales

    Andy Gan
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81847213

MLSListings

APN: 009-411-180

California San Mateo County Pacifica 94044 Fairmont

315 Esplanade Ave, Pacifica, CA

Not Listed for Sale

MultiFamily

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