NOT LISTED FOR SALE

385 Sea Ridge Rd Aptos, CA 95003

9 Beds
5 Baths
4,279 Sq Ft
7,754 Sq Ft Lot

Last Sold May 01, 2018

Last sale price $1,775,000 $415 Per Sq Ft

8 Days on Market

Highlights

  • Ocean View
  • Skylights
  • Washer and Dryer
  • Aptos High School Rated A-
  • Forced Air Heating System
  • Carpet

About This Home

As of May 2018

Call for appointment! Great investment Opportunity! Desirable 4-plex in the Seacliff area of Aptos. Upstairs unit has panoramic Ocean views. The downstairs unit is a 3/2, approx 1279 sf. The other 3 units are 2 bed/1 bath each approx. 1000 sf, with five carports & a shared laundry room. This is a well-maintained complex with the following upgrades: roof & 3 skylights replaced & decks resurfaced, 2 baths remodeled, all have low-flow Toto toilets, most bath vanities replaced, dual pane windows throughout & wood blinds, new carpet in Unit A, heaters in units B & C, wall heater, & forced air respectively & all front doors, Plus in the shared laundry room contains the 100 gal water heater w/recirculation pump & washer & dryer.

Last Agent to Sell the Property

Midge Zylker

Midge Zylker, Broker License #01136553 Listed on: 03/09/2018

Last Buyer's Agent

Datta Khalsa

Main Street Realtors License #01161050

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 7,754 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Tile Roof
  • Bitumen Roof

Interior Spaces

  • 4,279 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Ocean Views
  • Monitored
  • Washer and Dryer

Kitchen

  • Electric Cooktop
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 1 Parking Space
  • 5 Carport Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $107,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,440
  • Maintenance Expense $2,000
  • Utility Expense $5,060
  • Trash Expense $876
  • Operating Expense $20,806
  • Gross Income $107,000

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

7,754 Sq Ft Lot

Listing Details

  • Zoning: RM-2.5
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4279
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Garbage Disposal, Hood Over Range, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 4279
  • Stories: 2
  • Security: Video / Audio System
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Bitumen, Tile
  • View: Ocean

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: On Street
  • Carport Min: 5

Utilities

  • Heating System: Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Skylight

Lot Info

  • Lot Description: Views
  • Lot Acres: 0.1780
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7754.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7754.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.88
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1440
  • Expense Maintenance: 2000
  • Expenses Total: 20806
  • Expenses Utility: 5060
  • Expense Trash: 876
  • Income Annual Gross: 107000.00
  • Income Annual Rental: 107000
  • Income Gross Scheduled: 107000
  • Income Includes: Laundry, Rents
  • Meters: Master Water, Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Review With Offer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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 List to Sale Price per Sq Ft
05/01/2018 05/01/18 Sold $1,775,000 +4.5% $415 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $1,699,000 -- $397 / Sq Ft
Source: MLSListings

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 $25,649 $2,019,647 $1,365,395 $654,252
2023 $25,078 $1,941,222 $1,312,375 $628,847
2022 $24,509 $1,903,159 $1,286,643 $616,516
2021 $23,877 $1,865,842 $1,261,414 $604,428
2020 $23,450 $1,846,710 $1,248,480 $598,230
2019 $23,028 $1,810,500 $1,224,000 $586,500
2018 $11,752 $791,154 $331,082 $460,072
2017 $11,598 $775,640 $324,590 $451,050
2016 $11,260 $760,431 $318,225 $442,206
2015 $10,931 $749,009 $313,445 $435,564
2014 $10,638 $734,337 $307,305 $427,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81695706

MLSListings

APN: 038-242-17-000

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