NOT LISTED FOR SALE
5 Beds
3 Baths
2,008 Sq Ft
5,003 Sq Ft Lot

Last Sold March 16, 2021

Last sale price $1,412,000 $703 Per Sq Ft

5 Days on Market

Highlights

  • Golf Course Community
  • Property is near park and public transit
  • Hiking Trails
  • Fishing
  • Private Yard
  • Laundry Room

About This Home

As of March 2021

607 N Horne - with an **OCEAN VIEW** this multi-family property comes with a fantastic oceanside beach lifestyle and is also an incredible residential income investment opportunity. Three permitted units are seldom vacant and are meticulously maintained. A duplex sits in the back with a three-bedroom home in the front, located on the second level. On the first floor is an attractive, almost pre-built unit and is an excellent opportunity for any investor to complete and permit, adding another apartment to the mix. Investments like this don't pop up often, don't miss your chance at this spectacular deal just a short walk from the shore.

Last Agent to Sell the Property

Diane Eisendrath

Premiere Real Estate License #00769294 Listed on: 02/05/2021

Co-Listed By

Richard Eisendrath

Premiere Real Estate License #00649462

Last Buyer's Agent

John Newton

John W. Newton & Associates, Inc. License #00925471

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 5,003 Sq Ft Lot
  • Lot Dimensions are 48x101
  • 1 Common Wall
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,008 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Additional Features

  • Exterior Lighting
  • Property is near park and public transit

Listing and Financial Details

  • Tax Lot 184/1
  • Tax Tract Number 184
  • Assessor Parcel Number 1470520500

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $100
  • Insurance Expense $800
  • Trash Expense $1,980
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,712
  • Operating Expense $22,792
  • Gross Income $25,450
  • Net Operating Income $18,579

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • CapRate: 2.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: CP-Commercial/Profession
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1470520500
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 703.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 1980.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Golf, Sidewalks, Street Lights, Biking, Dog Park, Fishing, Hiking, Park, Watersports

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Near Public Transit, Park Nearby, Yard
  • Lot Size: 48x101
  • Lot Size Sq Ft: 5003.00
  • Lot Size Acres: 0.1100

Multi Family

  • Fuel Expense: 100.00
  • Gross Income: 25450.00
  • Gross Scheduled Income: 25450.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5003.0000 Square Feet
  • Net Operating Income: 18579.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 6871.00
  • Rent Control: No
  • Total Expenses: 22792.00

Tax Info

  • New Taxes Expense: 18712.00
  • Tax Lot: 184/1
  • Tax Tract Number: 184/1

Matterport 3D Tour

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $1,412,000 -5.7% $703 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $1,497,000 -- $746 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,834 $1,528,391 $1,190,674 $337,717
2024 $16,834 $1,498,424 $1,167,328 $331,096
2023 $16,316 $1,469,044 $1,144,440 $324,604
2022 $16,070 $1,440,240 $1,122,000 $318,240
2021 $2,878 $246,454 $110,190 $136,264
2020 $2,791 $243,928 $109,061 $134,867
2019 $2,712 $239,146 $106,923 $132,223
2018 $2,683 $234,458 $104,827 $129,631
2017 $2,634 $229,862 $102,772 $127,090
2016 $2,548 $225,356 $100,757 $124,599
2015 $2,475 $221,972 $99,244 $122,728
2014 $2,383 $217,624 $97,300 $120,324
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2101266

California Regional Multiple Listing Service (CRMLS)

APN: 147-052-05-00