NOT LISTED FOR SALE

335 Esplanade Ave Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $1,954,172 - $2,193,000

8 Beds
4 Baths
5,824 Sq Ft
$360/Sq Ft Est. Value

Last Sold September 19, 2013

Last sale price $998,000 $171 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $12,585/month

12 Days on Market

About This Home

As of September 2013

Good Cash Flow * All 2 Bedroom 1 Bath End Units * Covered Parking * Walk To Beach * Potential To Increase Rents * Extra Income From Laundry & Parking * Seller Prefers To Sell In Its Present Condition

Last Agent to Sell the Property

Glenn Mendell

Fox Real Estate License #00991191 Listed on: 07/18/2013

Fox Real Estate

Last Buyer's Agent

Bobbi Decker

Golden Gate Sotheby's International Realty License #00607999

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,376

Year Built

  • 1961

Lot Details

  • 10,411

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

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

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $74,160
  • The owner pays for garbage

Community Details

Overview

  • 4 Units
  • 5,824 Sq Ft Building

Building Details

  • Insurance Expense $2,035
  • Maintenance Expense $685
  • Other Expense $348
  • Utility Expense $1,068
  • Trash Expense $1,966
  • Operating Expense $17,592
  • Gross Income $73,853

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,376

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R30
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 171.36
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 5824
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 5824
  • Stories: 2
  • Laundry: Washer/Dryer - Owned Coin-Op
  • Flooring: Laminate, Carpet - Wall To Wall, Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9660.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9660.00
  • Lot Size Area Min Search: 9660.00
  • Maximum Lot Size: 9660.00

Rental Info

  • Existing Lease Term(s): More Than 1 Yr
  • Gross Rent Multiplier: 13.24

Multi Family

  • Expense Insurance: 2035
  • Expense Maintenance: 685
  • Expenses Other: 348
  • Expenses Total: 17592
  • Expenses Utility: 1068
  • Expense Trash: 1966
  • Expense Water Sewer: 1616
  • Income Annual Gross: 73853.00
  • Income Annual Rental: 74160
  • Income Gross Scheduled: 75360
  • Income Includes: Laundry, Lease
  • Income Laundry: 1200
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Gas, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Utilities - Water, Utilities - Electric
  • Owner Pays: Garbage
  • Tenant Expenses: Cable Tv
  • Vacancy Amount: 1507
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2018
Sold by
Rategan Chuck M
Bought by
Rategan Charles M and Charles M Rategan Revocable Tr
Current Estimated Value
$2,095,793

Purchase Details

Listed on
Jul 18, 2013
Closed on
Sep 10, 2013
Sold by
Lim Derek D and Ho Kenneth K
Bought by
Rategan Chuck M
Seller's Agent
Glenn Mendell
Fox Real Estate
Buyer's Agent
Bobbi Decker
Golden Gate Sotheby's International Realty
List Price
$998,000
Sold Price
$998,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%
Original Mortgage
$748,500
Outstanding Balance
$557,670
Interest Rate
4.36%
Mortgage Type
New Conventional
Estimated Equity
$1,538,123

Purchase Details

Closed on
Aug 18, 2007
Sold by
Lim Derek D and Ho Kenneth K
Bought by
Lim Derek D and Ho Kenneth K

Purchase Details

Closed on
Apr 8, 2004
Sold by
Ho Tak Wai and Ho Kenneth K
Bought by
Ho Tak Wai and Ho Kenneth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
4.67%
Mortgage Type
New Conventional
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
Rategan Charles M -- None Available
Rategan Chuck M $998,000 Fidelity National Title Co
Lim Derek D -- None Available
Ho Tak Wai -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rategan Chuck M $748,500
Previous Owner Ho Tak Wai $333,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2013 09/19/13 Sold $998,000 0.0% $171 / Sq Ft
07/30/2013 07/30/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $998,000 -- $171 / 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 $19,376 $1,223,402 $611,701 $611,701
2023 $19,376 $1,175,898 $587,949 $587,949
2022 $17,370 $1,152,842 $576,421 $576,421
2021 $17,022 $1,130,238 $565,119 $565,119
2020 $17,017 $1,118,650 $559,325 $559,325
2019 $16,635 $1,096,716 $548,358 $548,358
2018 $15,708 $1,075,212 $537,606 $537,606
2017 $14,774 $1,054,130 $527,065 $527,065
2016 $14,901 $1,033,462 $516,731 $516,731
2015 $15,064 $1,017,940 $508,970 $508,970
2014 $14,759 $998,000 $499,000 $499,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Glenn Mendell

    Fox Real Estate

    Section Image

  • B

    Buyer's Agent in 2013

    Bobbi Decker

    Golden Gate Sotheby's International Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81326015

MLSListings

APN: 009-411-050

California San Mateo County Pacifica 94044 Fairmont

335 Esplanade Ave, Pacifica, CA

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