Seller's Agent in 2018
Adam Hart
RE/MAX
(909) 633-8428
29 Total Sales
5 Clipper Rd Unit D Rancho Palos Verdes, CA 90275
Estimated Value: $1,751,000 - $2,898,000
7
Beds
6
Baths
4,354
Sq Ft
$565/Sq Ft
Est. Value
Highlights
- Ocean View
- Private Yard
- Foothills
- Point Vicente Elementary School Rated A+
- Laundry Room
- Carpet
About This Home
As of October 2018**4 UNIT PROPERTY** This is a rare opportunity, 1 of only 12 four-plex multi-unit properties in all of Rancho Palos Verdes. The front building that faces Clipper Rd is a tri level unit with 3 bedrooms, 2 bathrooms and two fireplaces. It has an amazing ocean view in the front living room with a sliding glass door that opens to a nice size deck. At 1,884 square feet it offers a lot of space with a very open floorpan. There are two other buildings on the property too. One of them is a two unit building. Each unit is a 1 bedroom 1 bathroom with 702 Square feet each. The third building is owner occupied with 2 bedrooms and 2 bathrooms. There's a sliding glass door that opens to a deck with an ocean view. One bedroom has an ocean view from the windows.
Properties like this in Rancho Palos Verdes do not come for sale very often. This property needs a little work but could easily be brought up to modern standards. All offers should be submitted as "Subject to interior inspection". Please do not disturb the tenants. Property is sold As-Is seller will not be making any repairs.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,206
Year Built
- Built in 1962
Lot Details
- 7,717 Sq Ft Lot
- 1 Common Wall
- Private Yard
Home Design
- Property Attached
- Fixer Upper
Interior Spaces
- 4,354 Sq Ft Home
- Living Room with Fireplace
- Den with Fireplace
- Carpet
- Ocean Views
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- Parking Available
Utilities
- Heating Available
Listing and Financial Details
- Tax Lot 106
- Tax Tract Number 14649
- Assessor Parcel Number 7573009018
Community Details
Overview
- 3 Buildings
- 4 Units
- Foothills
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Gross Income $56,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 18, 2020
Sold by
Burriss Building Llc
Bought by
Burriss Building Llc
Total Days on Market
72
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,624,534
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$797,411
Purchase Details
Closed on
Jul 25, 2018
Sold by
Sparks Melissa Marie and The Rudy Maus Trust
Bought by
Burris Builiding Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,055
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 8, 2018
Sold by
Maus Rudy
Bought by
Maus Rudy and Sparks Melissa Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,055
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 15, 1995
Sold by
Wooley John S and Graham Ann E
Bought by
Maus Rudy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.97%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Burriss Building Llc | -- | Fntg Builder Services | |
| Burris Builiding Llc | $1,808,000 | Lawyers Title | |
| Maus Rudy | -- | None Available | |
| Maus Rudy | $265,000 | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burriss Building Llc | $1,000,000 | |
| Closed | Burriss Building Llc | $700,000 | |
| Open | Burriss Building Llc | $1,800,000 | |
| Previous Owner | Burris Builiding Llc | $1,175,055 | |
| Previous Owner | Maus Rudy | $1,471,570 | |
| Previous Owner | Maus Rudy | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2018 10/17/18 | Sold | $1,807,777 | -21.4% | $415 / Sq Ft |
| 09/06/2018 09/06/18 | Pending | -- | -- | -- |
| 08/25/2018 08/25/18 | Price Changed | $2,300,000 | 0.0% | $528 / Sq Ft |
| 08/25/2018 08/25/18 | For Sale | $2,300,000 | +9.5% | $528 / Sq Ft |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- |
| 07/02/2018 07/02/18 | Price Changed | $2,100,000 | -40.0% | $482 / Sq Ft |
| 06/26/2018 06/26/18 | For Sale | $3,500,000 | -- | $804 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $23,206 | $1,977,308 | $1,211,758 | $765,550 |
| 2023 | $22,887 | $1,938,539 | $1,187,999 | $750,540 |
| 2022 | $21,746 | $1,900,529 | $1,164,705 | $735,824 |
| 2021 | $21,678 | $1,863,265 | $1,141,868 | $721,397 |
| 2020 | $21,384 | $1,844,160 | $1,130,160 | $714,000 |
| 2019 | $7,393 | $541,817 | $345,179 | $196,638 |
| 2018 | $7,240 | $531,194 | $338,411 | $192,783 |
| 2016 | $6,838 | $510,569 | $325,271 | $185,298 |
| 2015 | $6,891 | $502,901 | $320,386 | $182,515 |
| 2014 | $6,825 | $493,051 | $314,111 | $178,940 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Hart
-
ERIN HART
E
Seller Co-Listing Agent in 2018
ERIN HART
RE/MAX
(909) 307-5665
24 Total Sales
-
Daniel Withers
Buyer's Agent in 2018
Daniel Withers
Matthews Real Estate Investment Services
(310) 365-5054
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV18153653
APN: 7573-009-018
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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