NOT LISTED FOR SALE
5 Beds
3 Baths
2,543 Sq Ft
3,877 Sq Ft Lot

Last Sold June 03, 2014

Last sale price $1,125,000 $442 Per Sq Ft

61 Days on Market

About This Home

As of June 2014

Built in 1965, the unit mix consists of (2)two bedroom/one bathroom units and (1) one bedroom/ one bathroom unit. Amenities include ocean views from all units, dishwashers, microwaves, slate back patio, laundry room, individual water heaters, and garages. All units are separately metered for electricity and gas.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 03/06/2014

Last Buyer's Agent

Kurt Hagel

First Team Real Estate License #01867915

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 3,895 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 2,543 Sq Ft Home
  • Property Attached
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 68211131

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $800
  • Maintenance Expense $2,962
  • Other Expense $250
  • Trash Expense $870
  • Water Sewer Expense $870
  • New Taxes Expense $13,061
  • Operating Expense $19,413
  • Gross Income $5,090
  • Net Operating Income $39,834

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

3,895 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 3.50
  • Property Attached: Yes
  • Water Sewer Expenses: 870.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 68211131
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 442.39

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 870.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3895.00
  • Lot Size Acres: 0.0890

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5090.00
  • Gross Multiplier: 18.83
  • Gross Operating Income: 59248.00
  • Gross Scheduled Income: 61080.00
  • Insurance Expense: 800.00
  • Lot Size Area: 3895.0000 Square Feet
  • Maintenance Expense: 2962.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 39834.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 19413.00
  • Operating Expense Percent: 31.80
  • Other Expense: 250.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 5090.00
  • Total Expenses: 19413.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13061.00
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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 List to Sale Price per Sq Ft
06/03/2014 06/03/14 Sold $1,125,000 -2.2% $442 / Sq Ft
05/06/2014 05/06/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $1,150,000 -- $452 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,378 $1,379,092 $1,282,393 $96,699
2024 $16,378 $1,352,051 $1,257,248 $94,803
2023 $15,842 $1,325,541 $1,232,596 $92,945
2022 $15,393 $1,299,550 $1,208,427 $91,123
2021 $15,211 $1,274,069 $1,184,732 $89,337
2020 $14,957 $1,261,005 $1,172,584 $88,421
2019 $14,553 $1,236,280 $1,149,592 $86,688
2018 $14,220 $1,212,040 $1,127,051 $84,989
2017 $13,874 $1,188,275 $1,104,952 $83,323
2016 $13,529 $1,164,976 $1,083,286 $81,690
2015 $13,099 $1,147,477 $1,067,014 $80,463
2014 $10,163 $857,000 $760,633 $96,367
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14046118

California Regional Multiple Listing Service (CRMLS)

APN: 682-111-31

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