NOT LISTED FOR SALE
-- Bed
-- Bath
2,620 Sq Ft
4,122 Sq Ft Lot

Last Sold December 26, 2012

Last sale price $770,000 $294 Per Sq Ft

3 Days on Market

Highlights

  • Ocean Side of Freeway
  • City Lights View
  • Balcony
  • Marco Forster Middle School Rated A-
  • Traditional Architecture
  • Tile Countertops

About This Home

As of December 2012

Spacious Lantern Village Duplex - Upper unit is large with 2 bedrooms and den (possible 3rd bedroom), 2 baths, fireplace, inside laundry and nice balcony as well as an oversized 2 car garage. Lower unit is 2 bed, 2 bath, fireplace, private yard and 2 car tandem garage. Good overall condition. Both units remodeled or upgraded in the last 5 years. Close to harbor and beach. Ready for owner user or investor. New 30 year roof in 2005.

Last Agent to Sell the Property

Barbara Hamilton

Agentinc License #00442465 Listed on: 12/01/2012

Last Buyer's Agent

Jack Tucker

Jack Tucker, Broker License #00346819

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 4,122

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Split Level Home
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,620 Sq Ft Home
  • Laminate Flooring
  • City Lights Views

Kitchen

  • Gas Oven or Range
  • Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Outdoor Features

  • Ocean Side of Freeway
  • Balcony

Additional Features

  • 4,122 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $504
  • Water Sewer Expense $600
  • New Taxes Expense $8,250
  • Gross Income $3,600
  • Net Operating Income $41,580

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 13 / 14
  • Tax Tract Number 857
  • Assessor Parcel Number 68229513

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.04
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 68229513
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Tile Counters
  • Flooring: Laminate
  • Appliances: No
  • Levels: Multi/Split
  • Price Per Square Foot: 293.89

Exterior Features

  • View: City Lights
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Free Standing, Gas Cooking, Disposal, Range
  • Heating Type: Central
  • Trash Expense: 504.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 4122.00
  • Lot Size Acres: 0.0950

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3600.00
  • Gross Multiplier: 19.10
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 41580.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Operating Expense: 1620.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 8250.00
  • Tax Area: 28025
  • Tax Block: 14
  • Tax Lot: 13
  • Tax Tract Number: 857

Range of Values:

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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 Change Sq Ft Price
12/26/2012 12/26/12 Sold $770,000 -6.7% $294 / Sq Ft
12/04/2012 12/04/12 Pending -- -- --
12/01/2012 12/01/12 For Sale $825,000 -- $315 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S719611

California Regional Multiple Listing Service (CRMLS)

APN: 682-295-13