NOT LISTED FOR SALE
-- Bed
-- Bath
3,752 Sq Ft
0.35 Acres

Last Sold December 06, 2012

Last sale price $1,110,000 $296 Per Sq Ft

102 Days on Market

Highlights

  • 0.35 Acre Lot
  • Contemporary Architecture
  • No Heating
  • Del Obispo Elementary School Rated A-
  • Wood Siding

About This Home

As of December 2012

This lovely fourplex is located within minutes of the beach & all four units have a spectacular city light & canyon views. Upper units have 3 BR (2 + den), 2 BA, fireplace, laundry hookups & balcony with forever views. Lower units have 1 BR, 1 BA, with large grassy backyards. The building has been upgraded with siding paint, some new windows & slider doors, wrought iron gate, wooden roll-up garage doors. The building also offers 4 garages & 4 assigned parking space. All units are currently rented & have been approved for condo conversion ** Excellent Investment Opportunity ** Do not miss out ** 'DRIVE BY ONLY' ** Please do not disturb the tenants.

Last Agent to Sell the Property

Jerry Ness

Regency Real Estate Brokers License #01003229 Listed on: 08/15/2012

Regency Real Estate Brokers

Last Buyer's Agent

Tim James

Timothy D. James, Broker License #01816298

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.35

Parking

  • 8 Parking Spaces

Home Design

  • 3,752 Sq Ft Home
  • Contemporary Architecture
  • Wood Siding
  • Stucco

Additional Features

  • 0.35 Acre Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 6928
  • Assessor Parcel Number 67323109

Community Details

Overview

  • 4 Units

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Trash Expense $500
  • Water Sewer Expense $1,300
  • New Taxes Expense $12,628
  • Gross Income $5,885
  • Net Operating Income $49,692

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.40
  • View: No
  • Water Sewer Expenses: 1300.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 67323109
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 295.84

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Trash Expense: 500.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 15107.00
  • Lot Size Acres: 0.3470

Multi Family

  • Gross Income: 5885.00
  • Gross Multiplier: 16.00
  • Gross Scheduled Income: 70620.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 49692.00
  • Number Of Units Total: 4
  • Operating Expense: 20928.00

Tax Info

  • New Taxes Expense: 12628.00
  • Tax Area: 28058
  • Tax Lot: 23
  • Tax Tract Number: 6928

Range of Values:

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Sold Price
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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
12/06/2012 12/06/12 Sold $1,110,000 -3.1% $296 / Sq Ft
11/25/2012 11/25/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $1,145,000 -- $305 / 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: S708768

California Regional Multiple Listing Service (CRMLS)

APN: 673-231-09