NOT LISTED FOR SALE
6 Beds
4 Baths
2,777 Sq Ft
3,049 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $2,150,000 $774 Per Sq Ft

42 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Dog Park
  • Agnes L. Smith Elementary Rated A-
  • Laundry Room
  • Rectangular Lot

About This Home

As of September 2022

Location, location, location. Terrific location for income units. Three short blocks to our finest beach or easy walking distance. 6 short blocks to Main Street with it's fabulous restaurants and shops. A short stroll to Farquar and Lake Parks. Smith, Dwyer and HBHS are just up the street. You can also take a short stroll to Pacific City, our famous HB Pier and Dog Beach. The library and city hall are also nearby. Premium downtown income property doesn't come on the market often, so be sure to check out this building for your latest investment. New roof installed in 2020. New windows installed in 2008. Three of four apartments are upgraded and modern with newer wood floors and vinyl windows. The 4th apartment needs a face lift but has long term good tenants. One apartment has a large second story balcony with peek ocean views.

Last Agent to Sell the Property

Charles Finn

Coldwell Banker-Campbell Rltrs License #00672921 Listed on: 07/06/2022

Coldwell Banker-Campbell Rltrs

Last Buyer's Agent

Malakai Sparks

The L3 License #01902404

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,777 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas and Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, snow removal
  • Legal Lot and Block 22 / 309
  • Tax Tract Number 352
  • Assessor Parcel Number 02411217
  • $993 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Downtown Area Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Dog Park

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $1,017
  • Fuel Expense $630
  • Gardener Expense $480
  • Insurance Expense $1,006
  • Pest Control $356
  • Trash Expense $1,071
  • Water Sewer Expense $1,018
  • New Taxes Expense $24,000
  • Operating Expense $33,914
  • Gross Income $104,220
  • Net Operating Income $68,226

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 600000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Downtown Area (DOWN)
  • View: No
  • Water Sewer Expenses: 1018.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 02411217
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 774.22
  • Room Type: Kitchen

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas & Electric Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 356.00
  • Sewer: Public Sewer
  • Trash Expense: 1071.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Near Public Transit, Park Nearby, Paved
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Snow Removal

Multi Family

  • Electric Expense: 1017.00
  • Fuel Expense: 630.00
  • Gross Income: 104220.00
  • Gross Scheduled Income: 104220.00
  • Insurance Expense: 1006.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 68226.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 33914.00
  • Rent Control: No
  • Total Actual Rent: 8840.00
  • Total Expenses: 33914.00

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Block: 309
  • Tax Census Tract: 993.11
  • Tax Lot: 22
  • Tax Tract Number: 352
  • TaxOtherAnnualAssessmentAmount: 993.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $2,150,000 -10.4% $774 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $2,400,000 -- $864 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22139009

California Regional Multiple Listing Service (CRMLS)