NOT LISTED FOR SALE

325 Esplanade Ave Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $2,010,583 - $2,320,000

8 Beds
4 Baths
5,824 Sq Ft
$361/Sq Ft Est. Value

Last Sold March 08, 2022

Last sale price $2,200,000 $378 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $13,693/month

113 Days on Market

Highlights

  • Ocean View
  • Craftsman Architecture
  • Carpet
  • Westmoor High School Rated A-
  • Coin Laundry

About This Home

As of March 2022

Beautiful, recently remodeled fourplex apartment with unobstructed 180 degree ocean view. Each Apartment comes with a 2 bedroom and one bath with covered parking spots per apartment and adjacent guest parking. Views, The most Beautiful Full Ocean View. This multifamily located across the street form the beach in West Edgemar-Pacific Manor, Pacifica, CA 94044.

Last Agent to Sell the Property

Dan Gluhaich

Intero Real Estate Services License #00963076 Listed on: 09/27/2021

Intero Real Estate Services

Last Buyer's Agent

Zhenhua Tao

BQ Group License #01869132

BQ Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,822

Year Built

  • 1961

Lot Details

  • 8,925 Sq Ft Lot

Parking

  • 12 Carport Spaces

Home Design

  • Quadruplex
  • Craftsman Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,824 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Vented Exhaust Fan
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $131,400

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 8 Leased Units
  • Gardener Expense $600
  • Operating Expense $23,216
  • Gross Income $131,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,822

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: Residential
  • Subclass: Fourplex
  • Style: Craftsman
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5824
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Exhaust Fan, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 5824
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 12

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Description: Views
  • Lot Acres: 0.2049
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8925.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8925.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.26
  • Number Of Leased: 8

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Landscape: 600
  • Expenses Total: 23216
  • Income Annual Gross: 131400.00
  • Income Annual Rental: 131400
  • Income Gross Scheduled: 131400
  • Meters: Master Electric, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2022
Sold by
Zhiping Qiu James
Bought by
Qiu And Su Family Trust
Current Estimated Value
$2,102,896

Purchase Details

Listed on
Sep 27, 2021
Closed on
Mar 1, 2022
Sold by
Fang Su
Bought by
Qiu James
Seller's Agent
Dan Gluhaich
Intero Real Estate Services
Buyer's Agent
Zhenhua Tao
BQ Group
List Price
$2,399,950
Sold Price
$2,200,000
Premium/Discount to List
-$199,950
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.29%
Original Mortgage
$0
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 28, 2017
Closed on
Nov 20, 2017
Sold by
Tri Corp Industries Llc
Bought by
Oliva Francisco J and Oliva Araceli Martinez
Seller's Agent
Justina Singh
Golden Gate Sotheby's International Realty
Buyer's Agent
Clem Garcia
Altas Realty
List Price
$1,575,000
Sold Price
$1,650,000
Premium/Discount to List
$75,000
4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$1,120,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2004
Sold by
Spiteri Patrick
Bought by
Tri Corp Industries Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2004
Sold by
Tri Corp Industries Llc
Bought by
Spiteri Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2002
Sold by
Spiteri Tammy
Bought by
Spiteri Patrick

Purchase Details

Closed on
May 9, 2002
Sold by
Hennenberg Spiteri Tammy
Bought by
Spiteri Patrick M

Purchase Details

Closed on
Aug 2, 1999
Sold by
Norman Cortez
Bought by
Spiteri Patrick and Spiteri Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,250
Interest Rate
7.64%
Source: Public Records

Range of Values:

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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
Qiu And Su Family Trust -- Li Yong
Qiu James -- Chicago Title
Qiu Ramon $2,200,000 Chicago Title
Oliva Francisco J $1,685,000 Fidelity National Title Co
Tri Corp Industries Llc -- --
Spiteri Patrick -- Alliance Title Company
Spiteri Patrick -- --
Spiteri Patrick M -- --
Spiteri Patrick $519,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Qiu Ramon $0
Previous Owner Qiu James $1,680,000
Previous Owner Oliva Francisco J $1,120,000
Previous Owner Spiteri Patrick $377,000
Previous Owner Spiteri Patrick $389,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2022 03/08/22 Sold $2,200,000 -8.3% $378 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $2,399,950 0.0% $412 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $2,399,950 +45.5% $412 / Sq Ft
12/28/2017 12/28/17 Sold $1,650,000 +4.8% $283 / Sq Ft
12/28/2017 12/28/17 Pending -- -- --
12/28/2017 12/28/17 For Sale $1,575,000 -- $270 / 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 $26,822 $2,100,000 $1,145,000 $955,000
2023 $26,822 $2,000,000 $1,090,909 $909,091
2022 $22,287 $1,806,659 $1,340,252 $466,407
2021 $22,220 $1,771,235 $1,313,973 $457,262
2020 $22,616 $1,753,074 $1,300,500 $452,574
2019 $22,759 $1,718,700 $1,275,000 $443,700
2018 $21,135 $1,685,000 $1,250,000 $435,000
2017 $10,355 $687,304 $343,652 $343,652
2016 $9,407 $673,828 $336,914 $336,914
2015 $9,287 $663,708 $331,854 $331,854
2014 $8,944 $650,708 $325,354 $325,354
Source: Public Records

Agents Affiliated with this Home

  • Dan Gluhaich

    Seller's Agent in 2022

    Dan Gluhaich

    Intero Real Estate Services

    (408) 461-0263

    1 in this area

    43 Total Sales

    Dan Gluhaich
    Section Image
  • Zhenhua Tao

    Buyer's Agent in 2022

    Zhenhua Tao

    BQ Group

    (510) 366-0071

    1 in this area

    12 Total Sales

    Zhenhua Tao
    Section Image

  • J

    Seller's Agent in 2017

    Justina Singh

    Golden Gate Sotheby's International Realty

    Section Image

  • C

    Buyer's Agent in 2017

    Clem Garcia

    Altas Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81864405

MLSListings

APN: 009-411-170

California San Mateo County Pacifica 94044 Fairmont

325 Esplanade Ave, Pacifica, CA

This home is located at 325 Esplanade Ave, Pacifica, CA 94044 since 27 September 2021 and is currently estimated at $2,102,896, approximately $361 per square foot. This property was built in 1961. 325 Esplanade Ave is a home located in San Mateo County with nearby schools including Ocean Shore Elementary School, Cabrillo Elementary School, and Linda Mar Educational Center.

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