NOT LISTED FOR SALE
4 Beds
4 Baths
2,149 Sq Ft
5,227 Sq Ft Lot

Last Sold November 28, 2017

Last sale price $980,000 $456 Per Sq Ft

23 Days on Market

Highlights

  • Ocean View
  • Mediterranean Architecture
  • Private Yard
  • Palisades Elementary School Rated A
  • Living Room with Attached Deck
  • Balcony

About This Home

As of November 2017

PRICE REDUCED!!! Located in the coastal community of Capo Beach, this 2 unit, 2 bedrooms 2, baths + 1 car garage per unit seldom come to the market. Each unit had been updated over the past few years with new Laminate flooring, new base molding, scraped ceilings, recessed lighting, new vanities in all bathrooms, new plumbing fixtures, new furnace in each unit, dual pane windows, lower unit has new kitchen cabinets and an expansive enclosed green grass backyard. The upper unit has a large open ocean view deck with views to Catalina Island, plus a private balcony off the large master bedroom. Upper unit is presently occupied by a family member that pays well under the market rate. Separate meters for gas and electric, separate hot water heaters and washer/ dryer hookups for each unit.

Last Listed By

Steve Roberts

First Team Real Estate License #01279437 Listed on: 10/07/2017

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Southwest Facing Home
  • Fenced
  • Stucco Fence
  • Landscaped
  • Backyard Sprinklers
  • Private Yard
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Gentle Sloping Lot
  • Driveway Up Slope From Street
  • Off-Street Parking

Property Views

  • Ocean
  • Catalina
  • Neighborhood

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Flat Roof Shape
  • Asphalt Roof
  • Shake Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,149 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Insulated Doors
  • Panel Doors
  • Living Room with Attached Deck
  • Termite Clearance

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Doors are 32 inches wide or more
  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 735
  • Assessor Parcel Number 69138110

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,302
  • Trash Expense $360
  • Water Sewer Expense $720
  • New Taxes Expense $5,688
  • Operating Expense $9,070
  • Gross Income $39,639
  • Net Operating Income $39,639

Property Details

Home Type

Multi-Family

Year Built

Built in 1974 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Capo Beach
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: R-2
  • Architectural Style: Mediterranean
  • Property Condition: Termite Clearance, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 69138110
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Crown Molding, Living Room Deck Attached, Recessed Lighting, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: 32 Inch Or More Wide Doors, No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Insulated Doors, Panel Doors
  • Levels: Two
  • Price Per Square Foot: 456.03
  • Room Type: Kitchen, Laundry, Living Room, Master Bedroom
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Concrete Perimeter
  • Exterior Features: Lighting
  • View: Catalina, Neighborhood, Ocean
  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Roof: Asphalt, Flat
  • Spa: No
  • Construction Materials: Shake Siding, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Gentle Sloping, Landscaped, Lawn, Lot Over 40000 Sqft, Sprinklers In Rear, Up Slope from Street, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 5227.00

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Gross Income: 39639.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 2302.20
  • Net Operating Income: 39639.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 2964.00
  • Rent Control: No
  • Total Actual Rent: 3550.00
  • Total Expenses: 9070.20

Tax Info

  • New Taxes Expense: 5688.00
  • Tax Census Tract: 422.01
  • Tax Lot: 49
  • Tax Tract Number: 735

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
11/28/2017 11/28/17 Sold $980,000 +0.5% $456 / Sq Ft
10/25/2017 10/25/17 Price Changed $975,000 -11.4% $454 / Sq Ft
10/07/2017 10/07/17 For Sale $1,100,000 -- $512 / 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: OC17231713

California Regional Multiple Listing Service (CRMLS)

APN: 691-381-10