NOT LISTED FOR SALE
5 Beds
5 Baths
3,450 Sq Ft
4,792 Sq Ft Lot

Last Sold April 18, 2014

Last sale price $1,190,000 $345 Per Sq Ft

33 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Balcony
  • Agnes L. Smith Elementary Rated A-
  • Courtyard Views
  • 5-minute walk to Farquhar Park

About This Home

As of April 2014

Located on the “numbered streets” in the heart of world-renowned Surf City, USA and just 6 blocks to the ocean, this is a unique investment opportunity to own a corner lot triplex at the beach. Plus, Main Street is an easy stroll to restaurants, shops, coffee houses,and bi-weekly farmer’s market that make for a friendly beach lifestyle.

This income property is composed of 2 two bedroom units with 2 baths (1,050 sf each) and 1 unit with 1 bedroom and 1 bath (729 sf). All include built-in kitchen appliances, laundry area and 1 garage unit balcony for upper units, central courtyard/patio and a fireplace in each two-bedroom unit. There is also one paved off street parking space.

Last Agent to Sell the Property

Demitra Mroncz

HomeSmart, Evergreen Realty License #01882059 Listed on: 02/07/2014

HomeSmart, Evergreen Realty

Last Buyer's Agent

Nicole Christopherson

eXp Realty of California License #01443951

eXp Realty of California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,853

Year Built

  • Built in 1971

Lot Details

  • 4,792 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,450 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Courtyard Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 25 / 610
  • Tax Tract Number 365
  • Assessor Parcel Number 02409107

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $720
  • Insurance Expense $850
  • Trash Expense $300
  • Water Sewer Expense $1,500
  • New Taxes Expense $12,490
  • Gross Income $40,380
  • Net Operating Income $24,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,853

Year Built

Built in 1971

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 1.93
  • Property Attached: No
  • Subdivision Name Other: Downtown Area (DOWN)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 02409107
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 344.93
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • View: Courtyard
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Preserve/Public Land, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Average1 Bed Area: 1050
  • Average2 Bed Area: 1050
  • Average3 Bed Area: 729
  • Electric Expense: 400.00
  • Gross Income: 40380.00
  • Gross Multiplier: 30.90
  • Gross Scheduled Income: 40380.00
  • Insurance Expense: 850.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 24120.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 16260.00
  • Rent Control: No
  • Total Actual Rent: 40380.00

Tax Info

  • New Taxes Expense: 12490.00
  • Tax Block: 610
  • Tax Lot: 25
  • Tax Tract Number: 365
  • Tax Annual Amount: 1853.00
  • Tax Year: 2012

Range of Values:

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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
04/18/2014 04/18/14 Sold $1,190,000 -4.7% $345 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $1,249,000 -- $362 / 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: OC14026228

California Regional Multiple Listing Service (CRMLS)

APN: 024-091-07