NOT LISTED FOR SALE

356 Metropole St Avalon, CA 90704

Estimated Value: $1,488,000 - $1,696,000

5 Beds
4 Baths
1,335 Sq Ft
$1,173/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $850,000 $637 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $10,059/month

113 Days on Market

Highlights

  • Ocean View
  • Granite Countertops
  • Laundry Room
  • Contemporary Architecture
  • No HOA
  • Stone Flooring

About This Home

As of April 2015

Each unit in this Avalon triplex has views of the harbor, ocean, city and hills from the interior of the unit as well as an exterior deck.

Lower Unit studio apartment has been completely remodeled with granite counters in the kitchen and 3/4 bathroom. Floors are travertine tile as well as the shower stall. The kitchen has a refrigerator, range (no oven) and microwave. Unit has small outside deck space.

Middle Unit larger studio apartment has been completely remodeled with granite counters in the kitchen and 3/4 bathroom. Floors are travertine tile as well as the shower stall. The kitchen has a refrigerator, range, oven and microwave. Good size partially covered deck off this unit.

Upper Unit is a two-story apartment with 3 bedroom, 1 full and 1 3/4 bathroom. Entry level has living room with fireplace and access to large deck, kitchen, bedroom and full bathroom. Upstairs has 3/4 bathroom, 2 bedrooms, 1 with small deck, and 1 with access to outside stairway, both have generous closet space. Unit has not had recent remodel and is being sold "as is".

Last Agent to Sell the Property

Elizabeth Fellows

Elizabeth Fellows, Broker License #01478156 Listed on: 10/28/2014

Last Buyer's Agent

Jordan Lake

Earl Schrader License #01953692

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,106

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 2,222 Sq Ft Lot
  • No Common Walls
  • Southeast Facing Home
  • Steep Slope
  • Zero Lot Line

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Harbor
  • City Lights
  • Hills

Home Design

  • Contemporary Architecture
  • Additions or Alterations
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,335 Sq Ft Home
  • 4-Story Property
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Free-Standing Range
  • Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 36 / 22
  • Assessor Parcel Number 7480032032

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,300
  • New Taxes Expense $4,964
  • Gross Income $4,150
  • Net Operating Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,106

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: Kitchen appliances and shared washer and dryer.
  • Other Phone Description: 3109685700
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: AVR3*
  • Architectural Style: Contemporary
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7480032032
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 4
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 636.70
  • Window Features: Casement Windows, Screens

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Concrete Perimeter
  • View: City Lights, Harbor, Hills, Ocean
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Free-Standing Range, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Community, Dryer Included, Washer Included
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Sloped Down, Steep Slope, Zero Lot Line
  • Lot Size Sq Ft: 2222.00
  • Lot Size Acres: 0.0510

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 4150.00
  • Gross Scheduled Income: 49800.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 2222.0000 Square Feet
  • Net Operating Income: 49800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 49800.00

Tax Info

  • New Taxes Expense: 4964.00
  • Tax Block: 22
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2014
Closed on
Feb 20, 2015
Sold by
Mello John and Mello Susan G
Bought by
The Lins Family Trust
Seller's Agent
Elizabeth Fellows
Elizabeth Fellows, Broker
Buyer's Agent
Jordan Lake
Earl Schrader
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%
Current Estimated Value
$1,566,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$716,149
Avg. Annual Appreciation
4.99%
Original Mortgage
$595,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2006
Sold by
Mello John W and Mello Susan A
Bought by
Mello John and Mello Susan G

Purchase Details

Closed on
Nov 20, 1999
Sold by
Mello John W
Bought by
Mello John W and Mello Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.84%

Purchase Details

Closed on
Oct 22, 1999
Sold by
Mello Susan A
Bought by
Mello John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.84%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Lins Family Trust $850,000 First American Title Company
Mello John -- None Available
Mello John W -- --
Mello John W -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Lins Family Trust $595,000
Previous Owner Mello John W $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2015 04/10/15 Sold $850,000 -2.9% $637 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
10/28/2014 10/28/14 For Sale $875,000 -- $655 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $19,106 $1,021,563 $612,938 $408,625
2024 $19,106 $1,001,533 $600,920 $400,613
2023 $18,644 $981,896 $589,138 $392,758
2022 $17,579 $962,644 $577,587 $385,057
2021 $16,916 $943,769 $566,262 $377,507
2019 $16,057 $915,778 $549,467 $366,311
2018 $15,713 $897,823 $538,694 $359,129
2016 $14,583 $862,962 $517,777 $345,185
2015 $5,632 $152,594 $35,876 $116,718
2014 $5,241 $124,952 $35,174 $89,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14230653

California Regional Multiple Listing Service (CRMLS)

APN: 7480-032-032