NOT LISTED FOR SALE
10 Beds
6 Baths
4,062 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: May 17, 2019

Last sale price $1,585,000 $390 Per Sq Ft

62 Days on Market

Highlights

  • 0.26 Acre Lot
  • Traditional Architecture
  • Wine Refrigerator
  • Aptos High School Rated A-
  • Wood Flooring
  • Tile Countertops

About This Home

As of May 2019

How many times have you wished for a home to own with [legal!] rental units to help offset the cost? This triplex is the perfect solution: a large 4bd home plus separate twin 3bd/2bath duplex units all on one large parcel AND in Seacliff to boot! Plenty of opportunities here for income property, extended family living, investment, etc. The large single level home shines with recent extensive improvements including a new kitchen and refurbished wood floors. The duplex units are spacious with on-site laundry, plenty of parking and have enjoyed regular maintenance. Ord is a tucked-away nook of the Seacliff neighborhood just a short walk to the beach and all the charms of central Seacliff. Per seller the market rents for the units are approx $4100 + $3200 + $3100, making for a projected GRM 13.50 of and Cap rate at 5.5%. As an investment, this property is a workhorse! Or configured as a family compound, you'll rarely come across another an in-town parcel with this unique arrangement!

Last Agent to Sell the Property

Frank Murphy Realty

KW Thrive Santa Cruz License #70010791 Listed on: 02/04/2019

Last Buyer's Agent

Max K. Nosrati

CENTURY 21 Masters License #00949454

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 11,151 Sq Ft Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,062 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Range Hood
  • Wine Refrigerator
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $108,000

Community Details

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,880
  • Maintenance Expense $1,500
  • Utility Expense $2,772
  • Operating Expense $31,476
  • Gross Income $108,732

Additional Features

  • 4,062 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0.26 Acres

Listing Details

  • Zoning: R-1-4
  • Subclass: Triplex
  • Style: Flat, Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4062
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Tile, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Oven - Gas, Oven Range - Built-In, Gas, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 4062
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Common Parking Area, Covered Parking, Off-Street Parking, Room For Oversized Vehicle
  • Carport Min: 2

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2560
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11151.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11151.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.59
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2880
  • Expense Landscape: 1200
  • Expense Maintenance: 1500
  • Expenses Total: 31476
  • Expenses Utility: 2772
  • Income Annual Gross: 108732.00
  • Income Annual Rental: 108000
  • Income Gross Scheduled: 108732
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 732
  • Meters: Master Gas, Master Water, Separate Common Area
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance, Utilities
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
0.027%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
0.027%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2019
Sold by
Bought by

Purchase Details

Listed on
Feb 4, 2019
Closed on
May 15, 2019
Sold by
Bought by
Seller's Agent
Frank Murphy Realty
KW Thrive Santa Cruz
Buyer's Agent
Max K. Nosrati
CENTURY 21 Masters
List Price
$1,695,000
Sold Price
$1,585,000
Premium/Discount to List
-$110,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,475
Interest Rate
0.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2019
Closed on
May 13, 2019
Sold by
Bought by
Seller's Agent
Frank Murphy Realty
KW Thrive Santa Cruz
Buyer's Agent
Max K. Nosrati
CENTURY 21 Masters
List Price
$1,695,000
Sold Price
$1,585,000
Premium/Discount to List
-$110,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,475
Interest Rate
0.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2016
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
0.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,800
Interest Rate
0.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
0.0603%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
0.0603%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0856%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 1999
Sold by
Bought by
Source: Public Records
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Stewart Title
-- Stewart Title
-- Stewart Title
-- Stewart Title
-- Stewart Title
-- Accommodation
-- Old Republic Title Company
-- Old Republic Title Company
-- Old Republic Title Company
$1,585,000 Old Republic Title Company
-- None Available
$1,100,000 First American Title Company
$1,075,500 First American Title Co
$10,000 --
-- --
-- Santa Cruz Title Company
-- --
$68,500 Santa Cruz Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,100,000
Previous Owner $1,124,475
Previous Owner $715,000
Previous Owner $623,800
Previous Owner $510,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/17/2019 05/17/19 Sold $1,585,000 -6.5% $390 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $1,695,000 0.0% $417 / Sq Ft
02/16/2019 02/16/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $1,695,000 -- $417 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $23,876 $1,768,098 $1,210,338 $557,760
2023 $23,282 $1,699,440 $1,163,339 $536,101
2022 $22,708 $1,666,118 $1,140,529 $525,589
2021 $22,067 $1,633,449 $1,118,165 $515,284
2020 $21,646 $1,616,700 $1,106,700 $510,000
2019 $17,596 $1,249,003 $763,094 $485,909
2018 $17,071 $1,224,514 $748,132 $476,382
2017 $16,702 $1,190,489 $714,293 $476,196
2016 $16,215 $1,167,146 $700,287 $466,859
2015 $15,961 $1,149,614 $689,768 $459,846
2014 $15,543 $1,127,094 $676,256 $450,838
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81737634

MLSListings

APN: 038-075-04-000

Your Personal Tour Guide

Ask me questions while you tour the home.