NOT LISTED FOR SALE
2 Beds
4 Baths
2,336 Sq Ft
4,225 Sq Ft Lot

Last Sold May 15, 2014

Last sale price $750,000 $321 Per Sq Ft

1 Day on Market

Highlights

  • No HOA
  • Marco Forster Middle School Rated A-
  • Wall Furnace

About This Home

As of May 2014

INCREDIBLE OPPORTUNITY FOR INVESTORS. This 4-plex offers 2 downstairs studios and 2 upstairs 1-bedrooms. The studios have a full kitchen and full bath. The 1-bedrooms are very spacious and have a full kitchen and full bath. Each unit has a covered carport. Great location in the Lantern District with easy commute to restaurants, shopping, and the beach. Each unit has been maintained, but is original condition. Great potential.

Last Agent to Sell the Property

Michelle Fry

Keller Williams Realty License #01502948 Listed on: 04/22/2014

Keller Williams Realty

Last Buyer's Agent

Spencer Wall

Pacific Sotheby’s International Realty License #01840729

Pacific Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 4,212 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,336 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 857
  • Assessor Parcel Number 68225427

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $67
  • Gardener Expense $720
  • Insurance Expense $2,761
  • Pest Control $636
  • Trash Expense $344
  • Water Sewer Expense $1,641
  • New Taxes Expense $8,250
  • Gross Income $3,600
  • Net Operating Income $36,432

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

4,212 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Lantern Village South (LDS)
  • Water Sewer Expenses: 1641.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 68225427
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 321.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 636.00
  • Trash Expense: 344.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4212.00
  • Lot Size Acres: 0.0970

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 750
  • Average Studio Area: 400
  • Electric Expense: 67.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 2761.00
  • Lot Size Area: 4212.0000 Square Feet
  • Net Operating Income: 36432.00
  • 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
  • Number With Dishwasher: 2
  • Number With Range: 4
  • Operating Expense: 6768.00
  • Rent Control: No
  • Total Actual Rent: 3600.00

Tax Info

  • New Taxes Expense: 8250.00
  • Tax Lot: 27
  • Tax Tract Number: 857
  • Tax Year: 2013
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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
05/15/2014 05/15/14 Sold $750,000 0.0% $321 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $750,000 -- $321 / 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 $13,097 $919,393 $751,812 $167,581
2024 $13,097 $901,366 $737,070 $164,296
2023 $12,341 $883,693 $722,618 $161,075
2022 $8,789 $866,366 $708,449 $157,917
2021 $8,620 $849,379 $694,558 $154,821
2020 $8,534 $840,670 $687,436 $153,234
2019 $8,366 $824,187 $673,957 $150,230
2018 $8,206 $808,027 $660,742 $147,285
2017 $8,045 $792,184 $647,786 $144,398
2016 $7,891 $776,651 $635,084 $141,567
2015 $9,558 $764,985 $625,544 $139,441
2014 $3,166 $133,382 $48,035 $85,347
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14082558

California Regional Multiple Listing Service (CRMLS)
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