NOT LISTED FOR SALE

328 Descanso Ave Avalon, CA 90704

Estimated Value: $828,000 - $1,465,000

2 Beds
2 Baths
1,185 Sq Ft
$970/Sq Ft Est. Value

Last Sold December 04, 2012

Last sale price $550,000 $464 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $7,112/month

525 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Heating System Uses Natural Gas
  • No Interior Steps

About This Home

As of December 2012

Major Price Reduction on this Income producing duplex. Located on Descanso Ave, one of Avalon's quieter and favored streets. The main unit, a charming 3 bedroom, 1 & 3/4 bath features an open living and dining room with wood burning fireplace, a breakfast bar, vaulted ceilings, great lighting and a Dutch front door. This property easily sleeps 9, perfect for a family vacation home and also includes a laundry room. In addition to the main home, there is a sizable 1 bedroom/1 bath apartment with a nice kitchen and dining for extra income. A very large deck on top of the structure with a great view of Avalon hills & ocean. perfect for entertaining and outdoor living. The property was built in 1919 and has had extensive remodeling done in 1981. It has 1,185 SF +/- of living space and is on a 22.6 x 50 (1,133) +/- lot. Plenty of outdoor storage space for beach equipment and toys.

Last Agent to Sell the Property

Kelly Brown

Kelly Nelson Brown Real Estate License #01313763 Listed on: 04/29/2011

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 1,133

Home Design

  • 1,185 Sq Ft Home
  • Traditional Architecture
  • Slate Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • No Interior Steps
  • 1,133 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7480036013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $1,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7480036013
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 464.14

Exterior Features

  • Pool Private: No
  • Roof: Slate
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 1133.00
  • Lot Size Acres: 0.0260

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 1150.00
  • Gross Multiplier: 43.41
  • Gross Scheduled Income: 13800.00
  • Lot Size Area: 1133.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Drapes: 2
  • Number With Refrigerator: 2

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2020
Sold by
Smith Steven Wayne
Bought by
Smith Kelly Christine
Current Estimated Value
$1,149,399

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
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2013
Sold by
Reid James William
Bought by
Smith Kelly Christine

Purchase Details

Listed on
Apr 29, 2011
Closed on
Oct 9, 2012
Sold by
Cooper Sonja A and The Cooper Family Trust
Bought by
Reid James William
Seller's Agent
Kelly Brown
Kelly Nelson Brown Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$660,000
Sold Price
$550,000
Premium/Discount to List
-$110,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$270,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2007
Sold by
Cooper Sonja A
Bought by
Cooper Sonja A and The Cooper Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2002
Sold by
Cooper Thomas E and Cooper Sonja A
Bought by
Cooper Thomas E and Cooper Sonja A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1999
Sold by
Adams Sonja and Cooper Thomas E
Bought by
Cooper Thomas E and Cooper Sonja A
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
Smith Kelly Christine -- None Listed On Document
Smith Kelly Christine -- None Available
Reid James William $550,000 Orange Coast Title Company
Reid James William -- Orange Coast Title Company
Cooper Sonja A -- Ticor Title
Cooper Sonja A -- California Counties Title Co
Cooper Thomas E -- Stewart Title
Cooper Thomas E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Kelly Christine $312,000
Previous Owner Reid James William $270,000
Previous Owner Cooper Sonja A $120,000
Previous Owner Cooper Thomas E $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2012 12/04/12 Sold $550,000 -16.7% $464 / Sq Ft
10/05/2012 10/05/12 Pending -- -- --
04/29/2011 04/29/11 For Sale $660,000 -- $557 / 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 $13,298 $677,271 $406,364 $270,907
2024 $12,710 $663,993 $398,397 $265,596
2023 $12,402 $650,975 $390,586 $260,389
2022 $11,694 $638,212 $382,928 $255,284
2021 $11,251 $625,699 $375,420 $250,279
2020 $10,878 $619,284 $371,571 $247,713
2019 $10,679 $607,142 $364,286 $242,856
2018 $10,450 $595,239 $357,144 $238,095
2016 $9,696 $572,127 $343,277 $228,850
2015 $8,866 $563,534 $338,121 $225,413
2014 $8,580 $552,496 $331,498 $220,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P779665

California Regional Multiple Listing Service (CRMLS)

APN: 7480-036-013