$2,100,000
SOLD OCT 3, 2014
6 Beds
5 Baths
3,102 Sq Ft
2,733 Sq Ft Lot

Recently Sold

$677 Per Sq Ft

8% Below List Price

14 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Primary Bedroom Suite
  • Naples Bayside Academy Rated A
  • Property has ocean access
  • Ocean Side of Highway 1

About This Home

As of October 2014

This is a Fantastic Owner/Investor Opportunity to Own a Premier Duplex On The Sand with Beautiful Panoramic Ocean View Year Round.Enjoy the Spectacular Sunsets, Catalina Island and Downtown Long Beach Skyline.This is a Pride of Ownership Building Through and Through. Upstairs Unit is 2 Bedrooms,and an Outside Patio, while Lower Unit has Three Bedrooms and Balcony. There is a Unique Studio/Bonus Room as well.Three Car Spacious Garage with Exterior Parking for More Cars.Special Features include: New Exterior Paint,4 Year Old Roof,New Electrical Panel,New Siding Doors to All Decks, New Low-E Dual Glazed Windows,New Flooring and Carpet in Various areas.Two New Garage Doors,Studio has New Cabinets,New Flooring,New Counter Tops and Sink, Lower Unit with New Flooring in the Kitchen, Living Room,New Bathroom Fans/Lights/Heaters, Toilets,and Exterior Storage Area off Upstairs Unit Patio,Both Units with Elevated View Balconies.Other Features are:Recessed LED Lighting,New Quartz Counter Tops in the Kitchen,Tile Back Splash,New Dishwasher,New Stainless Refrigerator,Sink, Faucet, Refacing of Cabinets,New Roller Shades,Ceiling Fans and updated Waterproofing on All Decks. This Building is in Excellent Condition and Maximizes "The Toes in the Sand Peninsula Lifestyle"

Last Agent to Sell the Property

Keith Muirhead

Vista Sotheby's Int'l Realty License #01228376 Listed on: 08/04/2014

Vista Sotheby's Int'l Realty

Co-Listed By

Edie Brodsky

RE/MAX College Park Realty License #00919109

Last Buyer's Agent

Frank Marshall

Trends RE Inc. License #00682236

Trends RE Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,118

Year Built

  • Built in 1976

Lot Details

  • 2,733 Sq Ft Lot
  • Beach Front
  • Home fronts navigable water
  • Property fronts an alley
  • No Common Walls
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Side by Side Parking
  • Three Garage Doors
  • Garage Door Opener
  • Shared Driveway
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Catalina
  • Panoramic
  • City Lights
  • Courtyard
  • Rock

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 3,102 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • ENERGY STAR Qualified Windows with Low Emissivity
  • Insulated Windows
  • Roller Shields
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Living Room with Attached Deck
  • Bonus Room
  • Storage
  • Utility Room
  • Basement

Kitchen

  • Double Oven
  • Electric Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 5 Bathrooms

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Living Room Balcony
  • Exterior Lighting

Additional Features

  • Property is near a park
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance, trash collection, water
  • Tax Lot 1,2
  • Tax Tract Number 5775
  • Assessor Parcel Number 7245018036

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 100 Separate Electric Meters
  • 100 Separate Gas Meters
  • 100 Separate Water Meters
  • Electric Expense $1,000
  • Insurance Expense $2,000
  • Trash Expense $100
  • Water Sewer Expense $1,000
  • Gross Income $2,205
  • Net Operating Income $25,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,118

Year Built

Built in 1976

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Architectural Style: Contemporary, Traditional
  • Property Type: Residential Income
  • Parcel Number: 7245018036
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Balcony, Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Storage, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Insulated Doors, Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 676.98
  • Room Type: Basement, Bonus Room, Living Room, Master Bedroom, Master Suite, Utility Room
  • Window Features: ENERGY STAR Qualified Windows, Insulated Windows, Low Emissivity Windows, Roller Shields, Screens

Exterior Features

  • View: Catalina, City Lights, Coastline, Courtyard, Harbor, Ocean, Panoramic, Rocks, Water, White Water
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Direct Garage Access, Garage, Garage Door Opener, Off Street, Parking Space, Private, Side by Side, Shared Driveway, Built-In Storage, Garage - Three Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Appliances: Double Oven, Dishwasher, Electric Oven, Disposal, Gas Range, Range Hood, Microwave, Refrigerator
  • Sewer: Sewer Paid
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Level, Landscaped, Rectangular Lot, Level with Street, Paved, Park Nearby
  • Lot Size Sq Ft: 2733.00
  • Lot Size Acres: 0.0630

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, Trash Collection, Water

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 2205.00
  • Gross Scheduled Income: 26460.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 2733.0000 Square Feet
  • Net Operating Income: 25460.00
  • Number Of Separate Electric Meters: 100
  • Number Of Separate Gas Meters: 100
  • Number Of Separate Water Meters: 100
  • Number Of Units Total: 3
  • Operating Expense: 1000.00
  • Rent Control: No
  • Waterfront Features: Beach Access, Beach Front, Navigable Water, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 1,2
  • Tax Tract Number: 5775
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2024
Sold by
Gra Family Limited Partnership
Bought by
Chemick Sondra E and Chemick Mirabelle E
Total Days on Market
14
Current Estimated Value
$2,724,656

Purchase Details

Closed on
Dec 9, 2020
Sold by
Gra Family Limited Partnership
Bought by
August Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2016
Sold by
August Beverly
Bought by
Gra Family Limited Partnership

Purchase Details

Listed on
Aug 4, 2014
Closed on
Aug 22, 2014
Sold by
Appelman Daniel L
Bought by
August Beverly and The August Family Trust
Seller's Agent
Keith Muirhead
Vista Sotheby's Int'l Realty
Buyer's Agent
Frank Marshall
Trends RE Inc.
List Price
$2,295,000
Sold Price
$2,100,000
Premium/Discount to List
-$195,000
-8.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.06%
Original Mortgage
$800,775
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2014
Sold by
Appelman Daniel L
Bought by
Appelman Daniel L and Soglin Deborah A

Purchase Details

Closed on
Jan 28, 2011
Sold by
Appelman Daniel L
Bought by
Appelman Daniel L and Appelman Jed

Purchase Details

Closed on
Jul 13, 1998
Sold by
Trust Appelman, Frances H Trs Appelman Fa
Bought by
Appelman Frances and Appelman Family Revocable Trust

Purchase Details

Closed on
Aug 28, 1997
Sold by
Thomas Charles H
Bought by
Thomas Charles H and Thomas Cynthia
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Gift Deed -- None Listed On Document
Grant Deed -- Old Republic Title Company
Grant Deed -- None Available
Grant Deed $2,100,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $720,000 New Conventional
Previous Owner $800,775 New Conventional
Previous Owner $750,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2019 11/26/19 Rented $4,000 0.0% --
11/11/2019 11/11/19 Price Changed $4,000 -4.8% $3 / Sq Ft
11/01/2019 11/01/19 For Rent $4,200 0.0% --
10/03/2014 10/03/14 Sold $2,100,000 -8.5% $677 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $2,295,000 -- $740 / 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 $32,118 $2,597,835 $1,948,377 $649,458
2024 $32,118 $2,546,898 $1,910,174 $636,724
2023 $31,590 $2,496,960 $1,872,720 $624,240
2022 $29,616 $2,448,000 $1,836,000 $612,000
2021 $29,060 $2,400,000 $1,800,000 $600,000
2020 $31,656 $2,597,836 $2,164,864 $432,972
2019 $31,283 $2,546,899 $2,122,416 $424,483
2018 $27,180 $2,218,157 $1,901,278 $316,879
2017 $26,894 $2,174,665 $1,863,999 $310,666
2016 $25,002 $2,132,025 $1,827,450 $304,575
2015 $23,972 $2,100,000 $1,800,000 $300,000
2014 $3,395 $266,947 $131,627 $135,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14166093

California Regional Multiple Listing Service (CRMLS)

APN: 7245-018-036