NOT LISTED FOR SALE

Estimated Value: $1,364,000 - $1,722,970

5 Beds
3 Baths
2,328 Sq Ft
$629/Sq Ft Est. Value

Sale Details

Date Sold: November 15, 2024

Last sale price $1,218,000 $523 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,342 / mo

13 Days on Market

Highlights

  • Granite Countertops
  • Forced Air Heating System
  • Level Lot
  • 2 Car Attached Garage
  • Washer and Dryer
  • Carpet

About This Home

As of November 2024

Located on the west side of the Cabrillo Highway, this beach cottage duplex is perfect for an investor looking for a steady revenue or a homeowner looking to live on one side and earn income on the other. The 3 BR / 2 BA is currently tenant occupied, while the 2 BR / 1 BA is vacant. The vacant side can earn between $3200-3500/month. Each side has their own garage, washer and dryer as well as a rear yard for added privacy. This is a must see property - close to downtown and the beach, an absolute gem!

Last Agent to Sell the Property

KT Ames

Compass License #01079494 Listed on: 09/27/2024

Compass

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 5,001 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Bituthene Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,328 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $45,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,080
  • Insurance Expense $1,536
  • Maintenance Expense $1,320
  • Trash Expense $983
  • Operating Expense $14,434
  • Gross Income $45,144

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

5,001 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R30000
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2328
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Bituthene
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.32
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1536
  • Expense Landscape: 1080
  • Expense Maintenance: 1320
  • Expenses Total: 14434
  • Expense Trash: 983
  • Income Annual Gross: 45144.00
  • Income Annual Rental: 45600
  • Income Gross Scheduled: 45600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Nov 12, 2024
Sold by
Whiteley Andrew C
Bought by
Seller's Agent
KT Ames
Compass
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,200,000
Sold Price
$1,218,000
Premium/Discount to List
$18,000
1.5%
Views
38
Current Estimated Value
$1,360,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,260
Avg. Annual Appreciation
10.80%
Original Mortgage
$974,400
Outstanding Balance
$953,278
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$511,715

Purchase Details

Closed on
Nov 26, 2012
Sold by
Malmin David J and Weber Judith D
Bought by
Whiteley Andrew

Purchase Details

Closed on
Sep 14, 2012
Sold by
Malmin Barbara A
Bought by
Malmin David J and Weber Judith D

Purchase Details

Closed on
Sep 28, 1995
Sold by
Malmin Fred
Bought by
Malmin Fred and Malmin Barbara Carr
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,218,000 Old Republic Title
Whiteley Andrew $533,500 North American Title Co Inc
Malmin David J -- None Available
Malmin Fred -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $974,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $1,218,000 +1.5% $523 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $1,200,000 -- $515 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,047 $1,218,000 $950,000 $268,000
2023 $10,047 $631,446 $315,723 $315,723
2022 $9,155 $619,066 $309,533 $309,533
2021 $8,788 $606,928 $303,464 $303,464
2020 $8,571 $600,706 $300,353 $300,353
2019 $8,209 $588,928 $294,464 $294,464
2018 $7,694 $577,382 $288,691 $288,691
2017 $7,526 $566,062 $283,031 $283,031
2016 $7,443 $554,964 $277,482 $277,482
2015 $7,295 $546,628 $273,314 $273,314
2014 $7,200 $535,922 $267,961 $267,961
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81981957

MLSListings

APN: 056-142-230

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