NOT LISTED FOR SALE
2 Beds
3 Baths
1,996 Sq Ft
3,890 Sq Ft Lot

Sale Details

Date Sold: January 9, 2015

Last sale price $785,000 $393 Per Sq Ft

112 Days on Market

Highlights

  • Ocean View
  • Marco Forster Middle School Rated A-
  • Laundry Facilities

About This Home

As of January 2015

*REO* 3 UNITS IN GOOD + CONDITION THROUGHOUT, LAUNDRY ROOM. SPACIOUS REAR YARD. UPSTAIRS 1 BEDROOM & 1 BATH HAS A FRONT BALCONY & OCEAN VIEW! DOWNSTAIRS 1 BEDROOM & 1 BATH. 3RD UNIT IS A CUTE STUDIO. 2 Car GARAGE + 2 OPEN SPACES (FULL DEPTH DRIVEWAY). PLEASE SUBMIT ALL OFFERS.

Last Agent to Sell the Property

SCOTT BOTSFORD

Dornin Realty Advisors License #01906845 Listed on: 12/08/2014

Last Buyer's Agent

Robert Wolff

Harcourts Prime Properties License #01053562

Harcourts Prime Properties
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 3,890 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,996 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 21 / 6
  • Tax Tract Number 857
  • Assessor Parcel Number 68225421

Community Details

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $400
  • Insurance Expense $850
  • Other Expense $1,200
  • Trash Expense $300
  • Water Sewer Expense $400
  • New Taxes Expense $9,625
  • Gross Income $3,350
  • Net Operating Income $27,225

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

3,890 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Lantern Village Central (LDC)
  • View: Yes
  • Water Sewer Expenses: 400.00
  • Property Type: Residential Income
  • Parcel Number: 68225421
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 393.29

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3890.00
  • Lot Size Acres: 0.0890

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 3350.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 850.00
  • Lot Size Area: 3890.0000 Square Feet
  • Net Operating Income: 27225.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 12975.00
  • Other Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 30000.00

Tax Info

  • New Taxes Expense: 9625.00
  • Tax Block: 6
  • Tax Lot: 21
  • Tax Tract Number: 857
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2014
Closed on
Nov 12, 2014
Sold by
Bought by
Seller's Agent
SCOTT BOTSFORD
Dornin Realty Advisors
Buyer's Agent
Robert Wolff
Harcourts Prime Properties
List Price
$950,000
Sold Price
$785,000
Premium/Discount to List
-$165,000
-17.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 16, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lantern Village, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$785,000 Fidelity National Title Co
$792,919 None Available
-- Lawyers Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $210,000
Open $556,800
Closed $60,000
Previous Owner $574,000
Previous Owner $5,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2015 01/09/15 Sold $785,000 -17.4% $393 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $950,000 -- $476 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,543 $962,319 $854,392 $107,927
2025 $12,246 $943,450 $837,639 $105,811
2024 $12,246 $924,951 $821,214 $103,737
2023 $11,969 $906,815 $805,112 $101,703
2022 $11,465 $889,035 $789,326 $99,709
2021 $11,139 $871,603 $773,849 $97,754
2020 $11,018 $862,666 $765,914 $96,752
2019 $10,713 $845,751 $750,896 $94,855
2018 $10,386 $829,168 $736,172 $92,996
2017 $10,114 $812,910 $721,737 $91,173
2016 $9,471 $796,971 $707,585 $89,386
2015 $9,103 $800,684 $710,881 $89,803
2014 $2,206 $119,190 $57,645 $61,545
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG14132432

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.