NOT LISTED FOR SALE
1 Bed
1 Bath
3,176 Sq Ft
4,900 Sq Ft Lot

Sale Details

Date Sold: August 19, 2013

Last sale price $1,255,000 $395 Per Sq Ft

157 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Heating Available
  • Marco Forster Middle School Rated A-

About This Home

As of August 2013

Premium location in the Northern section of Dana Points Lantern District. This spacious and professionally managed fourplex is close to the Dana Point Strand, Headlands and Harbor. These large units have their own garages, parking pad and onsite community laundry. The lower level 1 bedroom units also have enclosed yards. The spacious upper level units have large living areas. Ruby Lantern is a wide tree lined street with a a mix of other pride of ownership buildings and single family residences. This building is conveniently located near shopping and transportation. Great income, configuration and location for an affordable coastal investment.

Last Agent to Sell the Property

Victoria Strombom

Surterre Properties License #00886773 Listed on: 02/08/2013

Surterre Properties

Last Buyer's Agent

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 4,900 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,176 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot 116
  • Tax Tract Number 768
  • Assessor Parcel Number 68224127

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $552
  • Gardener Expense $750
  • Insurance Expense $1,160
  • Professional Management Expense $3,310
  • Trash Expense $665
  • Water Sewer Expense $1,215
  • New Taxes Expense $13,770
  • Gross Income $5,860
  • Net Operating Income $51,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

4,900 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.00
  • Professional Management Expense: 3310.00
  • Property Attached: Yes
  • Subdivision Name Other: Lantern Village Central (LDC)
  • Water Sewer Expenses: 1215.00
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 68224127
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 395.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 665.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4900.00
  • Lot Size Acres: 0.1120

Multi Family

  • Electric Expense: 552.00
  • Gross Income: 5860.00
  • Gross Scheduled Income: 70320.00
  • Insurance Expense: 1160.00
  • Lot Size Area: 4900.0000 Square Feet
  • Net Operating Income: 51630.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 18690.00
  • Other Income Description: laundry
  • Rent Control: No
  • Total Actual Rent: 5715.00

Tax Info

  • New Taxes Expense: 13770.00
  • Tax Lot: 116
  • Tax Tract Number: 768
  • Tax Year: 2011

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

Closed on
Dec 20, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Outstanding Balance
$507,314
Interest Rate
4.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 31, 2013
Sold by
Bought by

Purchase Details

Listed on
Feb 8, 2013
Closed on
Jul 11, 2013
Sold by
Bought by
Seller's Agent
Victoria Strombom
Surterre Properties
Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
List Price
$1,395,000
Sold Price
$1,255,000
Premium/Discount to List
-$140,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 8, 2013
Closed on
Jul 9, 2013
Sold by
Bought by
Seller's Agent
Victoria Strombom
Surterre Properties
Buyer's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
List Price
$1,395,000
Sold Price
$1,255,000
Premium/Discount to List
-$140,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 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

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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
$1,175,000 Provident Title Company
-- None Available
$1,255,000 Lawyers Title
-- Lawyers Title
-- Accommodation
-- First American Title
$1,050,000 Chicago Title Co
-- --
-- Chicago Title Co
-- Chicago Title Co
$550,000 First Southwestern Title Co
$260,000 First American Title
-- First American Title
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 $250,000
Open $585,000
Previous Owner $540,000
Previous Owner $500,000
Previous Owner $440,000
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
08/19/2013 08/19/13 Sold $1,255,000 -10.0% $395 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $1,395,000 -- $439 / 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 $19,279 $1,538,451 $1,411,238 $127,213
2025 $18,616 $1,508,286 $1,383,567 $124,719
2024 $18,616 $1,478,712 $1,356,438 $122,274
2023 $17,967 $1,449,718 $1,329,841 $119,877
2022 $14,396 $1,421,293 $1,303,766 $117,527
2021 $14,119 $1,393,425 $1,278,202 $115,223
2020 $13,978 $1,379,138 $1,265,096 $114,042
2019 $13,703 $1,352,097 $1,240,291 $111,806
2018 $13,708 $1,352,097 $1,240,291 $111,806
2017 $13,441 $1,325,586 $1,215,972 $109,614
2016 $13,183 $1,299,595 $1,192,130 $107,465
2015 $14,771 $1,280,074 $1,174,223 $105,851
2014 $14,522 $1,255,000 $1,151,222 $103,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG13021810

California Regional Multiple Listing Service (CRMLS)

APN: 682-241-27

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