NOT LISTED FOR SALE
-- Bed
-- Bath
2,800 Sq Ft
4,008 Sq Ft Lot

Last Sold May 06, 2013

Last sale price $1,065,000 $380 Per Sq Ft

81 Days on Market

About This Home

As of May 2013

Exceptional value and location! Desirable fourplex building in the heart of the popular Dana Point Lantern District. Nicely updated, fully leased and professionally managed. This 'bread and butter' investment offers an ideal configuration of (2) 2 bedroom units and (2) 1 bedroom units. Each unit has its own garage and parking space. Located on a tree lined street with a nice residential mix. Enjoy easy access to transportation, shopping and parks from this great location. Shown by an appointment with an offer only. Please do not disturb occupants.

Last Agent to Sell the Property

Victoria Strombom

Surterre Properties License #00886773 Listed on: 01/19/2013

Surterre Properties

Last Buyer's Agent

Price Shapiro

Price Shapiro, Broker License #00589188

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • 2,800 Sq Ft Home
  • Stucco

Listing and Financial Details

  • Legal Lot and Block 16 / 4
  • Assessor Parcel Number 68226416

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $268
  • Gardener Expense $1,000
  • Insurance Expense $1,100
  • Professional Management Expense $2,837
  • Trash Expense $680
  • Water Sewer Expense $1,100
  • New Taxes Expense $11,000
  • Gross Income $5,040
  • Net Operating Income $44,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

4,000 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.00
  • Professional Management Expense: 2837.00
  • Water Sewer Expenses: 1100.00
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 68226416
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 380.36

Exterior Features

  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 680.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size: 40x100
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0920

Multi Family

  • Electric Expense: 268.00
  • Gross Income: 5040.00
  • Gross Scheduled Income: 62640.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 44200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18435.00
  • Total Actual Rent: 5220.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Area: 28025
  • Tax Block: 4
  • Tax Lot: 16
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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
05/06/2013 05/06/13 Sold $1,065,000 -3.1% $380 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
01/19/2013 01/19/13 For Sale $1,099,000 0.0% $393 / Sq Ft
01/20/2012 01/20/12 Rented $1,495 -0.3% --
01/14/2012 01/14/12 Under Contract -- -- --
12/08/2011 12/08/11 For Rent $1,500 -- --
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 $16,728 $1,311,467 $1,129,829 $181,638
2024 $16,728 $1,285,752 $1,107,675 $178,077
2023 $16,266 $1,260,542 $1,085,956 $174,586
2022 $12,522 $1,235,826 $1,064,663 $171,163
2021 $12,281 $1,211,595 $1,043,788 $167,807
2020 $12,159 $1,199,172 $1,033,085 $166,087
2019 $11,920 $1,175,659 $1,012,828 $162,831
2018 $11,691 $1,152,607 $992,968 $159,639
2017 $11,462 $1,130,007 $973,498 $156,509
2016 $11,243 $1,107,850 $954,409 $153,441
2015 $12,860 $1,091,210 $940,073 $151,137
2014 $12,647 $1,069,835 $921,658 $148,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: L40510

California Regional Multiple Listing Service (CRMLS)

APN: 682-264-16

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