NOT LISTED FOR SALE

577 San Clemente St Ventura, CA 93001

Midtown Neighborhood

Estimated Value: $993,653 - $1,291,000

2 Beds
1 Bath
1,504 Sq Ft
$772/Sq Ft Est. Value

Last Sold September 26, 2019

Last sale price $1,445,000 $961 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $6,767/month

Highlights

  • Corner Lot
  • Laundry Room
  • Landscaped
  • Ventura High School Rated A-
  • Garden
  • Bike Trail

About This Home

As of September 2019

This listing is for TWO duplexes adjacent to one another, including a 4-car garage (used for storage only). The addresses are: 577 San Clemente St. & 2125 Channel Dr. (which is a corner lot). The other duplex is 2111 & 2113 Channel Dr. All four apartments are two-bedroom with one bathroom. Both properties are wood framed stucco built in approximately 1929 and have been maintained exceptionally well. The location offers a quaint relaxing atmosphere, mature trees, wide streets and an abundance of parking.

Last Agent to Sell the Property

Kenneth Gootkin

Gootkin Properties License #00789399 Listed on: 04/19/2019

Last Buyer's Agent

Erik Moen

RE/MAX Gold Coast REALTORS License #01747884

RE/MAX Gold Coast REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,804

Year Built

  • Built in 1929

Lot Details

  • 4,996 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Level Lot
  • Irregular Lot
  • Garden
  • Front Yard
  • 075-0-142-170, 075-0-142-180

Parking

  • 4 Car Garage

Home Design

  • 1,504 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 32
  • Tax Tract Number 2
  • Assessor Parcel Number 0750142160

Community Details

Overview

  • 3 Buildings
  • 4 Units

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $63
  • Fuel Expense $24
  • Gardener Expense $1,680
  • Insurance Expense $1,476
  • Maintenance Expense $4,566
  • Trash Expense $1,559
  • Water Sewer Expense $2,169
  • New Taxes Expense $18,000
  • Operating Expense $29,537
  • Gross Income $86,520
  • Net Operating Income $54,387

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,804

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.60
  • Property Attached: Yes
  • Water Sewer Expenses: 2169.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 0750142160
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 960.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1559.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 075-0-142-170, 075-0-142-180
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Garden, Landscaped, Irregular Lot, Level
  • Lot Size Sq Ft: 4996.00
  • Lot Size Acres: 0.1147
  • Latitude Manual: 34.27057100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 63.00
  • Fuel Expense: 24.00
  • Gross Income: 86520.00
  • Gross Multiplier: 17.30
  • Gross Operating Income: 83924.00
  • Gross Scheduled Income: 86520.00
  • Insurance Expense: 1476.00
  • Lot Size Area: 4996.0000 Square Feet
  • Maintenance Expense: 4566.00
  • Net Operating Income: 54387.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 29537.00
  • Operating Expense Percent: 34.00
  • Rent Control: No
  • Total Expenses: 29537.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Lot: 32
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2024
Sold by
Vassantachart Prakob Bruce and Hussadi San
Bought by
Vassantachart Family Trust and Vassantachart
Current Estimated Value
$1,160,663

Purchase Details

Listed on
Apr 19, 2019
Closed on
Sep 11, 2019
Sold by
Hargett Christopher P and Hargett Matthew Warren
Bought by
Vassantachart Prakob Bruce and Vassantachart Hussadi Sandy
Seller's Agent
Kenneth Gootkin
Gootkin Properties
Buyer's Agent
Erik Moen
RE/MAX Gold Coast REALTORS
List Price
$1,500,000
Sold Price
$1,445,000
Premium/Discount to List
-$55,000
-3.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.51%
Original Mortgage
$505,750
Interest Rate
3.5%

Purchase Details

Closed on
Dec 5, 2003
Sold by
Matthew Warren B and Davis Kimball Jeannine
Bought by
Matthew Warren B and Davis Kimball Jeannine

Purchase Details

Closed on
Apr 26, 2000
Sold by
Lombard Jack Douglas
Bought by
Matthew Warren B and Davis Kimball Jeannine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
8.08%

Purchase Details

Closed on
Nov 19, 1998
Sold by
Condra Lillian Trust and Darrel A
Bought by
Lombard Jack Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.78%
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
Vassantachart Family Trust -- None Listed On Document
Vassantachart Prakob Bruce $722,500 Fidelity National Title
Matthew Warren B -- --
Matthew Warren B $314,000 First American Title Ins Co
Lombard Jack Douglas $225,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vassantachart Prakob Bruce $505,750
Previous Owner Matthew Warren B $224,000
Previous Owner Lombard Jack Douglas $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2019 09/26/19 Sold $1,445,000 -3.7% $961 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $1,500,000 -- $997 / 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 $7,804 $721,257 $561,041 $160,216
2024 $7,804 $707,115 $550,040 $157,075
2023 $7,710 $693,250 $539,254 $153,996
2022 $7,178 $679,657 $528,680 $150,977
2021 $7,040 $666,331 $518,314 $148,017
2020 $6,973 $659,500 $513,000 $146,500
2019 $4,198 $392,658 $309,999 $82,659
2018 $4,129 $384,960 $303,921 $81,039
2017 $4,043 $377,412 $297,962 $79,450
2016 $3,965 $370,013 $292,120 $77,893
2015 $3,923 $364,457 $287,733 $76,724
2014 $3,859 $357,320 $282,098 $75,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19094716

California Regional Multiple Listing Service (CRMLS)

APN: 075-0-142-160