NOT LISTED FOR SALE
2 Beds
5 Baths
1,962 Sq Ft
4,996 Sq Ft Lot

Last Sold July 10, 2013

Last sale price $687,500 $350 Per Sq Ft

7 Days on Market

About This Home

As of July 2013

LOCATION.....LOCATION.....LOCATION.....FANTASTIC OPPORTUNITY to expand your investment portfolio or to start a new one! Five units comprised of two 1-bedroom units, and three studios, each with their own garage! Laundry on site. Excellent Oceanside location west of the I-5 and within walking distance of the Oceanside Pier. Drive by only, do not disturb tenant. Make offer subject to inspection.

Last Agent to Sell the Property

Dennis Grimes

Dennis Grimes, Broker License #00876623 Listed on: 05/15/2013

Co-Listed By

Rick Valasek

Realty One Group West License #01302855

Last Buyer's Agent

Al Dutta

JVD Realty, Inc. License #00958925

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 4,996 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,962 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 5 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 10 / 44
  • Tax Tract Number 332
  • Assessor Parcel Number 1470570800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Gross Income $4,400
  • Net Operating Income $35,851

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.90
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 1470570800
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 350.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size: 50x100
  • Lot Size Sq Ft: 4996.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 500
  • Average Studio Area: 300
  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Lot Size Area: 4996.0000 Square Feet
  • Net Operating Income: 35851.00
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 15365.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Vacancy Allowance: 1584
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 44
  • Tax Lot: 10
  • Tax Tract Number: 332

Range of Values:

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Sold Price
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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
07/10/2013 07/10/13 Sold $687,500 -5.6% $350 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $728,500 -- $371 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13092954

California Regional Multiple Listing Service (CRMLS)

APN: 147-057-08-00