$1,650,000
SOLD JUN 21, 2018
4 Beds
4 Baths
2,582 Sq Ft
2,413 Sq Ft Lot

Recently Sold

$639 Per Sq Ft

3% Below List Price

66 Days on Market

Highlights

  • Ocean View
  • Roof Top Spa
  • Wood Flooring
  • Naples Bayside Academy Rated A
  • Contemporary Architecture
  • No HOA

About This Home

As of February 2022

Ocean View Triplex - 3 bed / 2 bath, 1 bed / 1 bath, studio. Totally remodeled and ready to move in (not a flip property). Great opportunity! Market rent of $3,000/monthly to help with the mortgage! The property was totally redone and had an addition in 2007.
OWNER’S UNIT:
1st Floor - Two bedrooms, one with a walk-in closet, family/ sitting room with a cozy fireplace. Full bath with spa bathtub.
2nd Floor - Living room with a stylish fireplace. Master Retreat with a luxurious bathroom, including a spa bathtub and steam shower. Chef’s kitchen with an island and a party bar. Features that highest this property are high ceilings throughout, floor to ceiling custom glass doors in living room to the balconies with ocean views, gorgeous finished select woods and beam ceilings, sound system, security video system, custom finished solid doors, gleaming hardwood floors, moldings and two car garage. A/C and forced air throughout.
3rd Floor - Private rooftop deck galore! One of the best rooftop decks on The Peninsula with 360-degree views of the ocean and the bay. In addition to a private, protected jacuzzi tub, the stunning entertainment terrace is equipped with BBQ center, kitchenette, shower, music, and lighting.
RENTAL UNITS:
One bed, one bath with vaulted ceilings. Remodeled kitchen and bath. On-site laundry. Rented for $1595/mo.
One remodeled cozy studio with on-site laundry. Currently rented for $1095/mo. Please watch the video to see the rentals and the main house.

Last Agent to Sell the Property

Mohsen Shahbani

Coldwell Banker Realty License #01068932 Listed on: 02/26/2018

Coldwell Banker Realty

Co-Listed By

Todd Marks

Berkshire Hathaway HomeServices California Properties License #01227834

Last Buyer's Agent

Gilbert Suniga

First Team Real Estate License #01933225

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,994

Year Built

  • Built in 1947

Lot Details

  • 2,413 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Bay

Home Design

  • Contemporary Architecture
  • Property Attached

Interior Spaces

  • 2,582 Sq Ft Home
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Instant Hot Water

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Outdoor Features

  • Roof Top Spa
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 9 / 25
  • Tax Tract Number 5500
  • Assessor Parcel Number 7245025009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $25,200
  • Gross Income $81,000
  • Net Operating Income $56,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,994

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.33
  • Property Attached: Yes
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Zoning: LBR2I
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7245025009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 639.04
  • Room Type: Walk-In Closet
  • Spa Features: Private, Roof Top
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Barbecue Private
  • View: Bay, Ocean
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Ice Maker, Instant Hot Water, Trash Compactor
  • Heating Type: Central, Forced Air
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2413.00

Multi Family

  • Gross Income: 81000.00
  • Gross Multiplier: 20.11
  • Gross Operating Income: 81480.00
  • Gross Scheduled Income: 84000.00
  • Net Operating Income: 56280.00
  • 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
  • Operating Expense: 25200.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 2690.00
  • Total Expenses: 25200.00
  • Vacancy Allowance: 2520
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 25
  • Tax Census Tract: 5775.04
  • Tax Lot: 9
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Feb 4, 2022
Sold by
Khorram and Erin
Bought by
Erin And Takin Khorram Living Trust
Seller's Agent
Gilbert Suniga
First Team Real Estate
Buyer's Agent
Amanda Long
Imperial Properties
List Price
$1,950,000
Sold Price
$1,975,000
Premium/Discount to List
$25,000
1.28%
Current Estimated Value
$2,269,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,055
Avg. Annual Appreciation
3.71%
Original Mortgage
$1,481,250
Interest Rate
3.56%

Purchase Details

Listed on
Dec 9, 2021
Closed on
Dec 28, 2021
Sold by
Kristina M Orliczky Living Trust
Bought by
Khorram Takin and Khorram Erin
Seller's Agent
Gilbert Suniga
First Team Real Estate
Buyer's Agent
Amanda Long
Imperial Properties
List Price
$1,950,000
Sold Price
$1,975,000
Premium/Discount to List
$25,000
1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,481,250
Interest Rate
3.56%

Purchase Details

Closed on
Apr 9, 2021
Sold by
Orliczky Kristina M
Bought by
Orliczky Kristina M

Purchase Details

Listed on
Feb 26, 2018
Closed on
Jul 25, 2018
Sold by
Orliczky Kristina
Bought by
Orliczky Kristina M and The Vilmos And Kristina M Orli
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Gilbert Suniga
First Team Real Estate
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%

Purchase Details

Listed on
Feb 26, 2018
Closed on
May 4, 2018
Sold by
Mastandrea Mark and Mark Mastandrea Living Trust
Bought by
Orliczky Kristina
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Gilbert Suniga
First Team Real Estate
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2010
Sold by
Mastandrea Mark
Bought by
Mastandrea Mark and Mark Mastandrea Living Trust
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Western Resources Title
Grant Deed $1,975,000 Western Resources Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $1,650,000 Ticor Title Company Of Calif
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,481,250 No Value Available
Previous Owner $600,000 New Conventional
Previous Owner $923,800 Unknown
Previous Owner $350,000 Credit Line Revolving
Previous Owner $77,600 Credit Line Revolving
Previous Owner $350,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $1,975,000 +1.3% $764 / Sq Ft
12/09/2021 12/09/21 For Sale $1,950,000 +18.2% $754 / Sq Ft
06/21/2018 06/21/18 Sold $1,650,000 -2.4% $639 / Sq Ft
04/15/2018 04/15/18 Price Changed $1,690,000 -0.3% $655 / Sq Ft
02/26/2018 02/26/18 For Sale $1,695,000 -- $656 / 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 $25,994 $2,095,885 $1,358,346 $737,539
2024 $25,994 $2,054,790 $1,331,712 $723,078
2023 $25,647 $2,014,500 $1,305,600 $708,900
2022 $21,599 $1,769,132 $1,233,032 $536,100
2021 $21,189 $1,734,444 $1,208,855 $525,589
2020 $21,135 $1,717,120 $1,196,460 $520,660
2019 $20,886 $1,683,460 $1,173,000 $510,460
2018 $11,320 $906,383 $669,763 $236,620
2016 $10,413 $870,747 $643,756 $226,991
2015 $9,990 $857,669 $634,087 $223,582
2014 $9,919 $840,870 $621,667 $219,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18044572

California Regional Multiple Listing Service (CRMLS)

APN: 7245-025-009