NOT LISTED FOR SALE

523 The Alameda El Granada, CA 94018

Estimated Value: $1,440,000 - $1,819,000

3 Beds
2 Baths
1,807 Sq Ft
$887/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $1,700,000 $941 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $10,334/month

9 Days on Market

Highlights

  • Ocean View
  • Balcony
  • Washer and Dryer
  • Wood Flooring
  • 2 Car Attached Garage
  • Fenced

About This Home

As of June 2022

Excellent Investment Opportunity in the desirable seaside city of El Granada! Located 2 blocks from Surfers Beach & near lively Pillar Point Harbor with shopping, restaurants, kayaking & more, find this functionally designed & updated duplex with ocean views from the top unit! Unit A, 1 bed / 1 bath lower unit, is currently tenant-occupied & features hardwood floors, a new wall heater, spacious living area & kitchen with refrigerator, electric range, dishwasher & microwave. Recently updated Unit B is currently vacant, 2 bed / 1 bath unit on the 2nd floor. This unit has a balcony attached to the living room, new carpet, & resurfaced hardwood flooring in the kitchen which also includes a refrigerator, electric range, dishwasher & microwave. Property is equipped with 2 1-car garages & separate washer/dryer per unit. Large 6,084+/- sq ft lot provides room for oversized vehicle or may allow for the potential of ADU addition. This efficient Coastside location offers easy access for commute.

Last Agent to Sell the Property

Juliette Kulda

KW Advisors License #70010081 Listed on: 04/22/2022

KW Advisors

Last Buyer's Agent

Juliette Kulda

KW Advisors License #70010081 Listed on: 04/22/2022

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,511

Year Built

  • 1959

Lot Details

  • 6,085 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,807 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Additional Features

  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $78,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,200
  • Operating Expense $11,200
  • Gross Income $75,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,511

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1807
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1807
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood

Exterior Features

  • View: Ocean
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Room For Oversized Vehicle

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Cabrillo Unified
  • Elementary School: El Granada Elementary
  • Middle School: Manuel F. Cunha Intermediate
  • High School: Half Moon Bay High
  • High School: 1035
  • Elementary School: 626
  • Middle School: 654

Lot Info

  • Lot Acres: 0.1397
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6084.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6084.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.07
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 11200
  • Income Annual Gross: 75456.00
  • Income Annual Rental: 78600
  • Income Gross Scheduled: 78600
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Laundry, Maintenance - Repair
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2018
Sold by
Harger Deridre
Bought by
Harger Eric Scott
Current Estimated Value
$1,603,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,500
Outstanding Balance
$393,893
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,160,938

Purchase Details

Closed on
Aug 27, 2015
Sold by
Dahlberg Beatriz
Bought by
Harger Eric and Harger Deirdre

Purchase Details

Closed on
Aug 12, 2015
Sold by
Delrio Jorge and Delrio Del Rio
Bought by
Dahlberg Beatriz

Purchase Details

Closed on
Apr 12, 2005
Sold by
Thompson Thomas E and Bradley Jane
Bought by
Delrio Jorge and Delrio Del Rio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2003
Sold by
Thompson Alice R and Thompson Thomas E
Bought by
Thompson Thomas E and Bradley Jane

Purchase Details

Closed on
Nov 27, 2002
Sold by
Bradley Jane
Bought by
Thompson Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.28%
Source: Public Records

Range of Values:

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Average Value
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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
Harger Eric Scott -- Fidelity National Title Co
Harger Eric $810,000 Lawyers Title Company Of Ca
Dahlberg Beatriz -- Lawyers Title Company Of Ca
Delrio Jorge $800,000 North American Title Co
Thompson Thomas E -- --
Thompson Thomas E -- First American Title Company
Thompson Alice R -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harger Eric Scott $453,500
Closed Harger Eric $515,750
Previous Owner Delrio Jorge $640,000
Previous Owner Thompson Alice R $186,000
Previous Owner Thompson Thomas E $183,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $1,700,000 +13.4% $941 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $1,499,000 -- $830 / Sq Ft
Source: MLSListings

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 $21,511 $1,804,053 $1,008,147 $795,906
2023 $21,511 $1,734,000 $969,000 $765,000
2022 $11,491 $903,566 $451,783 $451,783
2021 $11,146 $885,850 $442,925 $442,925
2020 $11,146 $876,768 $438,384 $438,384
2019 $11,101 $859,578 $429,789 $429,789
2018 $10,327 $842,724 $421,362 $421,362
2017 $10,114 $826,200 $413,100 $413,100
2016 $9,998 $810,000 $405,000 $405,000
2015 $8,351 $663,000 $331,500 $331,500
2014 $8,029 $650,000 $325,000 $325,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81888290

MLSListings

APN: 047-213-390