NOT LISTED FOR SALE

603 Beacon St Avalon, CA 90704

Estimated Value: $1,182,000 - $2,142,000

2 Beds
1 Bath
3,111 Sq Ft
$492/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $1,100,000 $354 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $10,052/month

238 Days on Market

Highlights

  • Golf Course Community
  • Contemporary Architecture
  • No HOA
  • Fishing
  • Corner Lot
  • 3-minute walk to Avalon City Park

About This Home

As of August 2021

Catalina Island~ The Blue Dolphin Apartments~This Quadruplex has 8 bedrooms, 4 baths totaling 3,111 sq.ft. (+/-). All units are currently rented. Corner lot, 2 blocks from the beach and shopping. Two 2-bedroom 1-bath units on ground level, Two 2-bedroom 1-bath units in second level. All units have their own entry. Fee simple lot of approximately 2,294 sq.ft.

Last Agent to Sell the Property

Earl Schrader

Earl Schrader License #00971634 Listed on: 10/30/2020

Last Buyer's Agent

Earl Schrader

Earl Schrader License #00971634 Listed on: 10/30/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,206

Year Built

  • Built in 1947

Lot Details

  • 2,294 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,111 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Satellite Dish

Listing and Financial Details

  • Legal Lot and Block 37 / 17
  • Tax Tract Number 5990
  • Assessor Parcel Number 7480037039

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foothills

Recreation

  • Golf Course Community
  • Fishing
  • Water Sports
  • Hiking Trails

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,698
  • Maintenance Expense $5,600
  • Other Expense $571
  • Trash Expense $1,920
  • Water Sewer Expense $4,637
  • New Taxes Expense $17,155
  • Operating Expense $31,010
  • Gross Income $88,000
  • Net Operating Income $62,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,206

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Earl Schrader
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 4637.00
  • Zoning: AVR3*
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7480037039
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 353.58

Exterior Features

  • Exterior Features: Satellite Dish
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Foothills, Golf, Hiking, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2294.00
  • Lot Size Acres: 0.0527
  • Latitude Manual: 33.34165700

Multi Family

  • Average2 Bed Area: 775 Square Feet
  • Gross Income: 88000.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 1698.00
  • Lot Size Area: 2294.0000 Square Feet
  • Maintenance Expense: 5600.00
  • Net Operating Income: 62590.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 31010.00
  • Other Expense: 570.68
  • Other Expense Description: SaltWatr
  • Rent Control: No
  • Total Expenses: 31010.00

Tax Info

  • New Taxes Expense: 17155.00
  • Tax Block: 17
  • Tax Census Tract: 5990.00
  • Tax Lot: 37
  • Tax Tract Number: 5990

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Jun 28, 2021
Sold by
Markey William M and Revo Debra
Bought by
Bean Investments Llc
Seller's Agent
Earl Schrader
Earl Schrader
Buyer's Agent
Earl Schrader
Earl Schrader
List Price
$1,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$400,000
-26.67%
Current Estimated Value
$1,529,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,746
Avg. Annual Appreciation
8.27%
Original Mortgage
$880,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 1996
Sold by
Stankavich Donald E and Stankavich Claramae
Bought by
Markey William M and Markey Debra A
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
Bean Investments Llc $1,100,000 Chicago Title
Markey William M $560,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bean Investments Llc $880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $1,100,000 -26.7% $354 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
10/30/2020 10/30/20 For Sale $1,500,000 -- $482 / 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 $23,206 $1,167,328 $732,233 $435,095
2024 $23,206 $1,144,440 $717,876 $426,564
2023 $22,621 $1,122,000 $703,800 $418,200
2022 $21,347 $1,100,000 $690,000 $410,000
2021 $17,891 $859,446 $560,182 $299,264
2020 $17,155 $850,635 $554,439 $296,196
2019 $16,813 $833,957 $543,568 $290,389
2018 $16,454 $817,606 $532,910 $284,696
2016 $15,292 $785,859 $512,217 $273,642
2015 $13,962 $774,056 $504,524 $269,532
2014 $13,427 $758,895 $494,642 $264,253
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20213653

California Regional Multiple Listing Service (CRMLS)

APN: 7480-037-039