NOT LISTED FOR SALE

Estimated Value: $1,340,000 - $2,131,073

9 Beds
5 Baths
3,326 Sq Ft
$553/Sq Ft Est. Value

Last Sold January 05, 2013

Last sale price $845,900 $254 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $11,463/month

20 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Wood Siding
  • Woodrow Wilson High School Rated A
  • Floor Furnace

About This Home

As of January 2013

Four unit pride property in Bluff Heights Historical District. Broker owner. There are three buildings on the property, a Craftsman Bungalow constructed in 1922 and two Spanish style two story structures. One of these structures was remodeled into a two story 3 bedroom, 2 bath unit in 2007. The other two story structure is a duplex constructed in 1929 with 2 bedroom 1 bath units upstairs and downstairs. The upstairs unit has a large fully enclosed private deck. All units have hardwood floors. Copper plumbing in all buildings. Upgraded electrical service to all buildings in 2007. Earthquake retrofits made to all foundations. There is one garage and a laundry room.

Last Agent to Sell the Property

Curtis Miller

Cal Caribe License #00835515 Listed on: 11/20/2012

Last Buyer's Agent

Michael Richards

Keller Williams Pacific Estate License #01308435

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,670

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 50x130
  • Property fronts an alley

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • 3,326 Sq Ft Home
  • Craftsman Architecture
  • Spanish Architecture
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Clapboard
  • Stucco

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 7257
  • Assessor Parcel Number 7257012018

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Insurance Expense $1,500
  • Trash Expense $1,050
  • Water Sewer Expense $950
  • New Taxes Expense $10,000
  • Gross Income $6,000
  • Net Operating Income $53,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,670

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.92
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 950.00
  • Architectural Style: Craftsman, Spanish
  • Property Type: Residential Income
  • Parcel Number: 7257012018
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Tile, Vinyl, Wood
  • Appliances: No
  • Price Per Square Foot: 254.33

Exterior Features

  • Pool Private: No
  • Roof: Rolled/Hot Mop, Shingle
  • Spa: No
  • Construction Materials: Clapboard, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace, Natural Gas, Wall Furnace
  • Trash Expense: 1050.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x130

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 450.00
  • Gross Income: 6000.00
  • Gross Multiplier: 12.75
  • Gross Scheduled Income: 70500.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Percent: 3.00
  • Net Operating Income: 53250.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17250.00
  • Total Actual Rent: 70500.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Lot: 16
  • Tax Tract Number: 7257

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2012
Closed on
Feb 15, 2013
Sold by
Darcy Shawn D and Darcy Susan M
Bought by
Obispo Ave Pats Llc
Seller's Agent
Curtis Miller
Cal Caribe
Buyer's Agent
Michael Richards
Keller Williams Pacific Estate
List Price
$899,000
Sold Price
$845,900
Premium/Discount to List
-$53,100
-5.91%
Current Estimated Value
$1,885,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,039,753
Avg. Annual Appreciation
6.36%
Original Mortgage
$592,130
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2012
Closed on
Feb 4, 2013
Sold by
Obispo Ave Apts Llc
Bought by
Darcy Shawn D and Darcy Susan M
Seller's Agent
Curtis Miller
Cal Caribe
Buyer's Agent
Michael Richards
Keller Williams Pacific Estate
List Price
$899,000
Sold Price
$845,900
Premium/Discount to List
-$53,100
-5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,130
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2012
Closed on
Dec 10, 2012
Sold by
Miller Curtis and Miller Deborah
Bought by
Obispo Ave Apts Llc
Seller's Agent
Curtis Miller
Cal Caribe
Buyer's Agent
Michael Richards
Keller Williams Pacific Estate
List Price
$899,000
Sold Price
$845,900
Premium/Discount to List
-$53,100
-5.91%

Purchase Details

Closed on
Sep 18, 2009
Sold by
Down & Out Llc
Bought by
Miller Curtis and Miller Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,000
Interest Rate
5.25%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 20, 2007
Sold by
Miller Curtis G and Miller Deborah A
Bought by
Down & Out Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Obispo Ave Pats Llc -- None Available
Darcy Shawn D -- None Available
Obispo Ave Apts Llc $846,000 Lawyers Title Company
Miller Curtis $250,000 Lawyers Title
Down & Out Llc $950,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obispo Ave Apts Llc $556,420
Closed Darcy Shawn D $592,130
Previous Owner Miller Curtis $587,000
Previous Owner Down & Out Llc $590,000
Previous Owner Down & Out Llc $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2013 01/05/13 Sold $845,900 -5.9% $254 / Sq Ft
12/10/2012 12/10/12 Pending -- -- --
11/20/2012 11/20/12 For Sale $899,000 -- $270 / 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 $13,670 $1,041,773 $677,278 $364,495
2024 $13,670 $1,021,348 $663,999 $357,349
2023 $13,435 $1,001,323 $650,980 $350,343
2022 $12,619 $981,690 $638,216 $343,474
2021 $12,358 $962,442 $625,702 $336,740
2020 $12,326 $952,575 $619,287 $333,288
2019 $12,182 $933,898 $607,145 $326,753
2018 $11,825 $915,588 $595,241 $320,347
2016 $10,882 $880,036 $572,128 $307,908
2015 $10,449 $866,818 $563,535 $303,283
2014 $10,383 $849,840 $552,497 $297,343
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P841602

California Regional Multiple Listing Service (CRMLS)

APN: 7257-012-018