NOT LISTED FOR SALE

Estimated Value: $772,387 - $1,071,000

2 Beds
2 Baths
1,199 Sq Ft
$791/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $712,500 $594 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,743/month

4 Days on Market

Highlights

  • Wood Flooring
  • End Unit
  • No HOA
  • Spanish Architecture
  • Private Yard
  • Laundry Room

About This Home

As of September 2021

Terrific Turn-Key, Fully Rented Stacked Duplex, offering AMPLE sized Light & Bright, 2Br/1Ba, with original Oak and Saltillo Tile floors. This unit, perched high on ridge, benefits from cool coastal breezes. Kitchen includes eat at bar, dining area, family room with stand alone fireplace, In Unit Laundry and two generous sized bedrooms. Downstairs Studio was remodeled within the last few years and offers a new kitchen, vinyl plank flooring, seperate closet, 3/4 Bath and off street parking space. Property offers LARGE back yard, with room for an ADU, or utilize Large Shed w/French Doors as additional office/Yoga Room. This area is excellent for SDSU Grad Students for Studio and professionals for the 2Br. Neighborhhood has sense of community and many participate in the EL Cerrito community events. Live in One & Rent/VRBO the other?PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Jeff Pastore

Alta Pacific Realty License #00929059 Listed on: 08/25/2021

Last Buyer's Agent

NoEmail NoEmail

OUT OF AREA License #00000000

OUT OF AREA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,092 Sq Ft Lot
  • Lot Dimensions are 130x47
  • End Unit
  • Partially Fenced Property
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,199 Sq Ft Home
  • 2-Story Property
  • Free Standing Fireplace
  • Family Room with Fireplace
  • Gas Range

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Additional Features

  • Suburban Location
  • Floor Furnace

Listing and Financial Details

  • Tax Lot 13/8
  • Tax Tract Number 2010
  • Assessor Parcel Number 4721130800

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Operating Expense $1,000
  • Gross Income $34,200
  • Net Operating Income $31,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Property Attached: No
  • Subdivision Name Other: EL CERRITO HEIGHTS
  • Zoning: R-2 Minor Multiplre
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4721130800
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: End Unit
  • Flooring: Tile, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room, Free Standing
  • Levels: One
  • Price Per Square Foot: 594.25

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Floor Furnace
  • Laundry Features: Dryer Included, Inside, Upper Level, Washer Hookup, Washer Included, Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Yard
  • Lot Size: 130x47
  • Lot Size Sq Ft: 6092.00
  • Lot Size Acres: 0.1399

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average Studio Area: 349 Square Feet
  • Gross Income: 34200.00
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6092.0000 Square Feet
  • Net Operating Income: 31800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Actual Rent: 2850.00
  • Total Expenses: 1000.00

Tax Info

  • Tax Lot: 13/8
  • Tax Tract Number: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Sep 7, 2021
Sold by
Hopkins Daniel L and Hopkins Tami L
Bought by
Watson Jared N and Willcuts Crystal
Seller's Agent
Jeff Pastore
Alta Pacific Realty
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$699,000
Sold Price
$712,500
Premium/Discount to List
$13,500
1.93%
Current Estimated Value
$947,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,347
Avg. Annual Appreciation
6.96%
Original Mortgage
$534,375
Outstanding Balance
$486,241
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$461,606

Purchase Details

Closed on
Apr 7, 2016
Sold by
Hopkins Daniel
Bought by
Hopkins Daniel and Hopkins Tami L

Purchase Details

Closed on
Jan 23, 2015
Sold by
Hopkins Alan E
Bought by
Hopkins Alan E
Source: Public Records

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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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
Watson Jared N $712,500 Western Resources
Hopkins Daniel -- None Available
Hopkins Alan E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Jared N $534,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $712,500 +1.9% $594 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $699,000 -- $583 / 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 $9,139 $756,108 $320,081 $436,027
2024 $9,139 $741,283 $313,805 $427,478
2023 $8,937 $726,749 $307,652 $419,097
2022 $8,700 $712,500 $301,620 $410,880
2021 $1,430 $113,383 $47,998 $65,385
2020 $1,413 $112,221 $47,506 $64,715
2019 $1,389 $110,022 $46,575 $63,447
2018 $1,300 $107,865 $45,662 $62,203
2017 $1,269 $105,751 $44,767 $60,984
2016 $1,247 $103,679 $43,890 $59,789
2015 $1,229 $102,122 $43,231 $58,891
2014 $1,211 $100,123 $42,385 $57,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2109962

California Regional Multiple Listing Service (CRMLS)

APN: 472-113-08