Seller's Agent in 2018
Lori Chairez
Seven Gables Real Estate
(714) 743-0805
2 in this area
51 Total Sales
488 Seaward Rd Corona Del Mar, CA 92625
Corona Del Mar Neighborhood
6
Beds
3
Baths
2,742
Sq Ft
1960
Built
Highlights
- Beach Access
- In Ground Pool
- Across the Road from Lake or Ocean
- Harbor View Elementary School Rated A
- No Units Above
- Cathedral Ceiling
About This Home
As of November 2018Back on the Market!! Well price rare triplex steps to downtown Corona del Mar and the beach. All units 2 bedrooms with upgrades, a community laundry room, tiles baths, new windows, balconies overlooking the pool area. The propertyis part of an assoc. with tenants having community pool access. Covered parking and 2 spaces per unit. Due to the association pool encroaching on the lot the assoc. pays for approx. 27% of the property tax....which helps with NOI. Potential to covert to 2 condos or improve the existing units. NO architechural oversight by the assoc. Multiple possibilities! All units are currently rented with stable tenants. There are several long term tenants that are paying below market rent.
Last Agent to Sell the Property
Seven Gables Real Estate License #00783379 Listed on: 07/02/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,518 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Front Yard
- Density is up to 1 Unit/Acre
HOA Fees
- $292 Monthly HOA Fees
Home Design
- Triplex
- Modern Architecture
Interior Spaces
- 2,742 Sq Ft Home
- 2-Story Property
- Crown Molding
- Cathedral Ceiling
- Living Room with Fireplace
- Living Room Balcony
- Pool Views
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- All Upper Level Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 6 Parking Spaces
- 6 Detached Carport Spaces
- Parking Available
- Parking Lot
- Assigned Parking
Pool
- In Ground Pool
- Gunite Pool
Outdoor Features
- Beach Access
- Exterior Lighting
Location
- Across the Road from Lake or Ocean
- Suburban Location
Utilities
- Central Heating
- Natural Gas Connected
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 15
- Tax Tract Number 2758
- Assessor Parcel Number 45916410
Community Details
Overview
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Insurance Expense $2,400
- Water Sewer Expense $1,200
- New Taxes Expense $12,385
- Operating Expense $19,485
- Gross Income $82,200
- Net Operating Income $62,715
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2018 11/07/18 | Sold | $1,800,000 | -5.2% | $656 / Sq Ft |
| 07/02/2018 07/02/18 | For Sale | $1,899,000 | 0.0% | $693 / Sq Ft |
| 06/07/2018 06/07/18 | Rented | $2,500 | 0.0% | -- |
| 05/21/2018 05/21/18 | Price Changed | $2,500 | -3.8% | $2 / Sq Ft |
| 04/12/2018 04/12/18 | For Rent | $2,600 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Lori Chairez
-
Michael Peters
Buyer's Agent in 2018
Michael Peters
Keller Williams Realty Irvine
(949) 734-0828
4 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18155437
APN: 459-164-10
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