NOT LISTED FOR SALE

4017 E Highway 20 Hwy Nice, CA 95464

4 Beds
3 Baths
6,000 Sq Ft
0.65 Acres

Last Sold December 20, 2021

Last sale price $700,000 $117 Per Sq Ft

268 Days on Market

Highlights

  • Fishing
  • Community Lake
  • Hiking Trails
  • 0.65 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of December 2021

Lakefront investment property with an excellent unit mix. 9 park-owned trailers, 1 RV space, a duplex, and a lakefront home. All units are 1bd/1ba and well maintained. The property consists of two parcels - .65 acre combined and has ingress/egress from Lakeshore Blvd and East Hwy 20. The RV park has full hookups, sub-metered metered PG&E, potential common area laundry facility and is serviced by a well/special districts sewer. The 1bd/1ba - 800sf lakefront home, 4005 Lakeshore Blvd, has a boat house, a pier, a deck with picturesque views, and is serviced by special districts water/sewer. Pier is in need of repairs. Square footage is estimated and not verified.

Last Agent to Sell the Property

Alex Tannous

Alex Tannous, Broker License #01927778 Listed on: 12/01/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.65 Acre Lot
  • 1 Common Wall
  • South Facing Home
  • Lot Sloped Down
  • 03218219

Home Design

  • 6,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Well
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 03218220

Community Details

Overview

  • No Home Owners Association
  • 11 Buildings
  • 13 Units
  • Community Lake

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Hiking Trails
  • Bike Trail

Building Details

  • 13 Separate Electric Meters
  • 2 Separate Water Meters
  • Insurance Expense $6,000
  • Professional Management Expense $750
  • Trash Expense $2,400
  • Water Sewer Expense $2,700
  • New Taxes Expense $9,600
  • Operating Expense $33,889
  • Gross Income $113,364
  • Net Operating Income $75,564

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • CapRate: 9.45
  • Professional Management Expense: 750.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2700.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 03218220
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 116.67

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Hiking, Lake

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 03218219
  • Land Lease: No
  • Lot Features: Sloped Down
  • Lot Size Sq Ft: 28314.00
  • Lot Size Acres: 0.6500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 113364.00
  • Gross Scheduled Income: 113364.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 0.6500 Acres
  • Net Operating Income: 75564.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 13
  • Operating Expense: 37800.00
  • Rent Control: No
  • Total Expenses: 33889.00

Tax Info

  • New Taxes Expense: 9600.00

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 List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold $700,000 -12.4% $117 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
06/02/2021 06/02/21 Price Changed $799,000 -11.1% $133 / Sq Ft
02/23/2021 02/23/21 Price Changed $899,000 -9.6% $150 / Sq Ft
02/03/2021 02/03/21 Price Changed $995,000 -9.5% $166 / Sq Ft
12/01/2020 12/01/20 For Sale $1,099,000 -- $183 / 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: LC20248608

California Regional Multiple Listing Service (CRMLS)

APN: 032-182-200-000