NOT LISTED FOR SALE

Estimated Value: $1,005,000 - $1,656,000

5 Beds
3 Baths
3,555 Sq Ft
$380/Sq Ft Est. Value

Last Sold February 03, 2021

Last sale price $1,125,000 $316 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,417/month

About This Home

As of February 2021

Brand new 2-unit investment property available for a real estate investor or homeowner looking to live in one and rent the other. The property has plenty of options nearby for markets and shopping. There is ample parking with a 3 car garage and driveway. Both units are 5 Bed/3 Bath and are separately metered for water/electricity, come with brand new stove/oven and washer & dryer hookups.

Last Agent to Sell the Property

Julie Olsen

Olsen Realty License #01435744 Listed on: 12/31/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,738

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 5,204 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,555 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 252
  • Tax Tract Number 7
  • Assessor Parcel Number 5015015006

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $68,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,738

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.70
  • Property Attached: Yes
  • Zoning: LAR2
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 5015015006
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 316.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5204.00
  • Lot Size Acres: 0.1195

Multi Family

  • Gross Scheduled Income: 86400.00
  • Lot Size Area: 5204.0000 Square Feet
  • Net Operating Income: 68625.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 16900.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 2324.00
  • Tax Lot: 252
  • Tax Tract Number: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2021
Sold by
Muti Matteo R
Bought by
Matteo R Muti Trust
Current Estimated Value
$1,349,443

Purchase Details

Listed on
Dec 31, 2020
Closed on
Dec 24, 2020
Sold by
Ocean Development Inc
Bought by
Muti Matteo R
Seller's Agent
Julie Olsen
Olsen Realty
List Price
$1,200,000
Sold Price
$1,125,000
Premium/Discount to List
-$75,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.42%
Original Mortgage
$843,750
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2020
Sold by
Bouie Nyoka and Wiggins Kathryn
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Matteo R Muti Trust -- Callister Broberg & Becker
Muti Matteo R $1,125,000 Lawyers Title
Ocean Development Inc $485,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Muti Matteo R $843,750
Previous Owner Ocean Development Inc $660,000
Previous Owner Ocean Development Inc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2021 02/03/21 Sold $1,125,000 -6.3% $316 / Sq Ft
02/02/2021 02/02/21 For Sale $1,200,000 +6.7% $338 / Sq Ft
01/09/2021 01/09/21 Off Market $1,125,000 -- --
12/31/2020 12/31/20 For Sale $1,200,000 +147.4% $338 / Sq Ft
04/22/2020 04/22/20 Sold $485,000 +18.6% $518 / Sq Ft
11/06/2019 11/06/19 Pending -- -- --
11/06/2019 11/06/19 For Sale $409,000 0.0% $437 / Sq Ft
10/23/2019 10/23/19 For Sale $409,000 -15.7% $437 / Sq Ft
10/19/2019 10/19/19 Off Market $485,000 -- --
10/11/2019 10/11/19 For Sale $399,000 -- $426 / 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 $14,738 $1,217,734 $757,701 $460,033
2024 $14,738 $1,193,858 $742,845 $451,013
2023 $14,457 $1,170,450 $728,280 $442,170
2022 $13,790 $1,147,500 $714,000 $433,500
2021 $5,981 $490,023 $392,019 $98,004
2020 $3,039 $234,770 $207,483 $27,287
2019 $2,924 $230,167 $203,415 $26,752
2018 $554 $32,047 $21,518 $10,529
2016 $441 $30,805 $20,684 $10,121
2015 $435 $30,343 $20,374 $9,969
2014 $447 $29,749 $19,975 $9,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20211394

California Regional Multiple Listing Service (CRMLS)

APN: 5015-015-006