NOT LISTED FOR SALE

Estimated Value: $1,279,000 - $1,453,638

2 Beds
2 Baths
1,396 Sq Ft
$986/Sq Ft Est. Value

Sale Details

Date Sold: March 17, 2021

Last sale price $1,100,000 $788 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,441 / mo

194 Days on Market

Highlights

  • Ocean Side of Highway 1
  • No HOA
  • Shed
  • Wood Flooring
  • Laundry Room
  • Ceiling Fan

About This Home

As of March 2021

Charming 1909 Farm House duplex Located west of Pacific Coast Highway, situated just two blocks from the beach and pier in Oceanside. Two-bedroom, one bath unit downstairs, upstairs studio unit with full kitchen and bath. Attached Laundry room, coin-op washer and dryer included. Downstairs unit was renovated 2015, upstairs renovation started in September 2016 and was completed January 2017. Both units have stainless steel appliances, both fridges are included, one fridge is not stainless. Drought tolerant landscaping with drip irrigation system was completed in 2015.
The exterior was painted June 2015. New composition shingle roof was installed in December 2016. Rear parking area has five spaces and is accessed from the paved alley. Easy walking distance to restaurants, shopping, farmers' market, light rail, train and bus station. Convenient to several hotels with conference centers. Live in one unit and rent the other. Could be used for an extended family living arrangement. Excellent potential for use as a short term vacation rental or Airbnb, or potential lot split be sure to check with the City of Oceanside. Most interior photos were taken after the downstairs unit was renovated in 2015 and the upstairs unit renovation was completed in 2017, prior to occupancy by the current tenants.

Last Agent to Sell the Property

Mark Sullivan

First Team Real Estate License #00755834 Listed on: 08/13/2020

First Team Real Estate

Last Buyer's Agent

Theodore Kavich

Compass License #02066610

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Rectangular Lot
  • Level Lot
  • Drip System Landscaping
  • Sprinklers on Timer
  • Back and Front Yard

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,396 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Private Parking
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Ocean Side of Highway 1
  • Shed
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 11
  • Tax Tract Number 344
  • Assessor Parcel Number 1470830300

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $918
  • Trash Expense $720
  • Water Sewer Expense $2,160
  • New Taxes Expense $12,000
  • Operating Expense $16,998
  • Gross Income $52,200
  • Net Operating Income $35,202

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 3.12
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 2160.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 1470830300
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 787.97

Exterior Features

  • Direction Faces: East
  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, Parking Space, Private
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Outside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Rectangular Lot, Level, Sprinklers Drip System, Sprinklers Timer
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 918.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 840.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 35202.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 16998.00
  • Rent Control: No
  • Total Expenses: 16998.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: 11
  • Tax Census Tract: 184.00
  • Tax Lot: 3
  • Tax Tract Number: 344

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Mar 3, 2021
Sold by
Graves Patrick L and Graves Marilyn L
Bought by
Wilson Samuel Johnson and Wilson Alisha Marie
Seller's Agent
Mark Sullivan
First Team Real Estate
Buyer's Agent
Theodore Kavich
Compass
List Price
$1,160,000
Sold Price
$1,100,000
Premium/Discount to List
-$60,000
-5.17%
Current Estimated Value
$1,376,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,410
Avg. Annual Appreciation
4.52%
Original Mortgage
$825,000
Outstanding Balance
$739,554
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$636,856

Purchase Details

Closed on
May 3, 2005
Sold by
Graves Patrick Lee and Graves Marilyn Lusk
Bought by
Graves Patrick L and Graves Marilyn L

Purchase Details

Closed on
Jun 22, 2004
Sold by
Lrdb
Bought by
Graves Patrick Lee and Graves Marilyn Lusk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2000
Sold by
Jordan Stephan C
Bought by
Lrdb Llc

Purchase Details

Closed on
May 13, 1999
Sold by
Jordan 1997 Family L P
Bought by
Jordan Stephan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,750
Interest Rate
7.05%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wilson Samuel Johnson $1,100,000 Western Resources Title
Graves Patrick L -- --
Graves Patrick Lee $680,000 Fidelity National Title Co
Lrdb Llc -- Benefit Land Title Company
Jordan Stephan C -- Benefit Land Title Company
Jordan Stephan C -- Benefit Land Title Company
Jordan Stephan C -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Samuel Johnson $825,000
Previous Owner Graves Patrick Lee $510,000
Previous Owner Jordan Stephan C $231,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2021 03/17/21 Sold $1,100,000 -2.7% $788 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
11/11/2020 11/11/20 Price Changed $1,130,000 -2.6% $809 / Sq Ft
09/25/2020 09/25/20 Price Changed $1,160,000 0.0% $831 / Sq Ft
09/25/2020 09/25/20 For Sale $1,160,000 +3.1% $831 / Sq Ft
08/30/2020 08/30/20 For Sale $1,125,000 +2.3% $806 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
08/24/2020 08/24/20 Off Market $1,100,000 -- --
08/13/2020 08/13/20 For Sale $1,125,000 -- $806 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,120 $1,190,674 $920,066 $270,608
2024 $13,120 $1,167,328 $902,026 $265,302
2023 $12,717 $1,144,440 $884,340 $260,100
2022 $12,525 $1,122,000 $867,000 $255,000
2021 $10,022 $875,609 $643,831 $231,778
2020 $9,713 $866,632 $637,230 $229,402
2019 $8,663 $780,000 $567,000 $213,000
2018 $8,185 $730,000 $531,000 $199,000
2017 $6,747 $600,000 $437,000 $163,000
2016 $6,109 $550,000 $401,000 $149,000
2015 $5,750 $525,000 $383,000 $142,000
2014 -- $460,000 $336,000 $124,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20164570

California Regional Multiple Listing Service (CRMLS)

APN: 147-083-03

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