NOT LISTED FOR SALE

Estimated Value: $2,140,000 - $2,380,000

4 Beds
4 Baths
2,166 Sq Ft
$1,047/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $1,550,000 $716 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $14,697/month

64 Days on Market

Highlights

  • Beach Access
  • Custom Home
  • Wood Flooring
  • Naples Bayside Academy Rated A
  • Open Floorplan
  • Granite Countertops

About This Home

As of July 2017

This Peninsula mid-century modern Triplex integrates the outdoors with the indoors. The property sits on one of the larger investment lots the neighborhood has to offer (2775 square feet). It has two 1 bedroom, 1 bath upstairs units both which open to exterior balconies and a 2 bedroom 2 bath unit downstairs that opens to a yard with a large tree for shade and relaxation, a very rare find on The Peninsula. All of the units have been remodeled. The owners unit features Carrara marble kitchen counters, custom cabinetry, and high end stainless appliances, all under a few skylights to welcome the sun. The floors are maple hardwood, stained black, and the main wall is adorned with walnut paneling for a very contemporary feel throughout. There are beamed ceilings separating the slider from the ceilings, allowing for added natural light. The other units were upgraded as well with granite tile kitchens, stainless appliances, new flooring and each with their own outdoor space. Two of the units have individual laundry hook ups and there are two separate single car garages. The property sits one block from the ocean front and one block from Alamitos Bay. The lifestyle the community has to offer with its world class Yacht Clubs, great schools, nearby shops and amenities, as well as neighborhood events like summer band concerts or holiday boat parades is surpassed by no other.

Last Agent to Sell the Property

Crystal Glenning

Compass License #01805409 Listed on: 03/01/2017

Compass

Last Buyer's Agent

John Lindberg

Re/Max R. E. Specialists License #01010112

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,611

Year Built

  • Built in 1955

Lot Details

  • 2,775 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in good condition
  • Sprinkler System
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Triplex
  • Custom Home
  • Modern Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,166 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Skylights
  • Sliding Doors
  • Living Room Balcony
  • Neighborhood Views
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Beach Access
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 8-9
  • Tax Tract Number 16
  • Assessor Parcel Number 7245028034

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $360
  • Insurance Expense $3,622
  • Maintenance Expense $500
  • Other Expense $1,200
  • Water Sewer Expense $900
  • Operating Expense $6,582
  • Gross Income $73,080
  • Net Operating Income $42,867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,611

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: All Fridges, all stoves and ranges, two dishwashers (3rd unit doesn't have one)
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: LBR2I
  • Architectural Style: Custom Built, Modern
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7245028034
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Granite Counters, Living Room Balcony, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 715.60
  • Window Features: Skylight(s)

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 2775.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Other

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 620 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Electric Expense: 360.00
  • Gross Income: 73080.00
  • Gross Scheduled Income: 73080.00
  • Insurance Expense: 3622.00
  • Maintenance Expense: 500.00
  • Net Operating Income: 42867.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 2
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 3422.00
  • Other Expense: 1200.00
  • Other Expense Description: 6717 gas
  • Rent Control: No
  • Total Actual Rent: 6090.00
  • Total Expenses: 6582.00
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 5775.04
  • Tax Lot: 8-9
  • Tax Tract Number: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2021
Sold by
Sullivan Michele Lenee and The Michele Sullivan Trust
Bought by
Sullivan Michele Lenee
Total Days on Market
64
Current Estimated Value
$2,267,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,038,000
Outstanding Balance
$952,700
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,347,412

Purchase Details

Closed on
Sep 18, 2020
Sold by
Sullivan Michele Lenee and Sullivan Michele
Bought by
Sullivan Michele Lenee

Purchase Details

Closed on
Oct 16, 2019
Sold by
Apricot 2017 5 Llc
Bought by
Sullivan Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2017
Sold by
Mccullough Charles H
Bought by
Sullivan Michael and Sullivan Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,079,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 20, 2010
Sold by
Gentile Anthony
Bought by
Mccullough Charles H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
4.31%
Mortgage Type
Credit Line Revolving
Source: Public Records

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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
Sullivan Michele Lenee -- Wfg National Title Co Of Ca
Sullivan Michele Lenee -- None Available
Sullivan Michele -- Usa National Title Co
Sullivan Michael $1,550,000 Fatcola
Mccullough Charles H $916,000 North American Title
Gentile Ii Anthony -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Michele Lenee $1,038,000
Closed Sullivan Michele $1,065,000
Previous Owner Sullivan Michael $1,079,000
Previous Owner Gentile Ii Anthony $49,600
Previous Owner Mccullough Charles H $500,000
Previous Owner Gentile Ii Anthony $988,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold $1,550,000 -3.0% $716 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/21/2017 04/21/17 Price Changed $1,598,000 -3.1% $738 / Sq Ft
03/01/2017 03/01/17 For Sale $1,649,900 -- $762 / 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
2024 $23,611 $1,854,905 $1,179,420 $675,485
2023 $23,218 $1,818,536 $1,156,295 $662,241
2022 $21,772 $1,782,879 $1,133,623 $649,256
2021 $21,357 $1,747,922 $1,111,396 $636,526
2020 $20,412 $1,655,766 $1,040,400 $615,366
2019 $19,654 $1,581,000 $1,020,000 $561,000
2018 $19,185 $1,550,000 $1,000,000 $550,000
2016 $11,892 $991,349 $757,582 $233,767
2015 $11,409 $976,459 $746,203 $230,256
2014 $11,327 $957,332 $731,586 $225,746
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17039847

California Regional Multiple Listing Service (CRMLS)

APN: 7245-028-034