NOT LISTED FOR SALE

Estimated Value: $1,505,000 - $1,738,000

3 Beds
3 Baths
1,875 Sq Ft
$890/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $1,510,000 $805 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,494/month

8 Days on Market

Highlights

  • Lawn
  • Ductless Heating Or Cooling System
  • Level Lot
  • No HOA
  • Laundry Room

About This Home

As of December 2021

Incredible investment opportunity in most desirable area of South Oceanside! Two well-maintained units in a highly sought-after neighborhood. Built in 1960, front/main 1165 sqft house has been fully remodeled two years ago, is a 2BR/2BA with a one-car garage in back. Large 1BR/1BA 710 sqft apartment above the garages with private access, and large separate private laundry room with plenty of storage room. Two large one-car garages in the alley. Back unit is vacant. Walk to the Buccaneer Beach in 15 minutes. Walkable to several restaurants, coffee shops, yoga, and plenty of nightlife/bars. Walkable score: 70 / 100 - Very Walkable!

Last Agent to Sell the Property

Kory McCary

Mara Real Estate License #01862525 Listed on: 11/04/2021

Last Buyer's Agent

Edward Oueilhe

Airus Realty Inc License #02077103

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,634

Year Built

  • Built in 1960

Lot Details

  • 5,314 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • 1,875 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Ductless Heating Or Cooling System

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3848
  • Assessor Parcel Number 1530410900

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $3,600
  • Gross Income $62,000
  • Net Operating Income $38,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,634

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 2.00
  • Price Per Unit: 697500
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1530410900
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 805.33

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Lawn, Level with Street
  • Lot Size Sq Ft: 5314.00
  • Lot Size Acres: 0.1220

Multi Family

  • Gross Income: 62000.00
  • Gross Scheduled Income: 65000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5314.0000 Square Feet
  • Net Operating Income: 38300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 23500.00
  • Rent Control: No
  • Total Expenses: 3600.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 003848

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Dec 3, 2021
Sold by
Mccary Kory David and Mccary Nina Leonidovna
Bought by
Berry Mark
Seller's Agent
Kory McCary
Mara Real Estate
Buyer's Agent
Edward Oueilhe
Airus Realty Inc
List Price
$1,395,000
Sold Price
$1,510,000
Premium/Discount to List
$115,000
8.24%
Total Days on Market
8
Current Estimated Value
$1,669,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,106
Avg. Annual Appreciation
2.73%
Original Mortgage
$1,500,000
Outstanding Balance
$1,384,906
Interest Rate
3.09%
Mortgage Type
VA
Estimated Equity
$284,200

Purchase Details

Closed on
May 13, 2019
Sold by
Gates Steven M
Bought by
Mccary Kory David and Mccary Nina Leonidovna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,535
Interest Rate
4.2%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 2010
Sold by
Gates Iolla V
Bought by
Gates Iolla

Purchase Details

Closed on
May 17, 2007
Sold by
Gates Iolla V
Bought by
Gates Iolla

Purchase Details

Closed on
Jul 15, 1983
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Berry Mark $1,510,000 California Title Company
Mccary Kory David $909,000 Ticor Title Company
Gates Iolla -- None Available
Gates Iolla -- None Available
-- $110,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berry Mark $1,500,000
Previous Owner Mccary Kory David $893,261
Previous Owner Mccary Kory David $892,535
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $1,510,000 +8.2% $805 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,395,000 -- $744 / 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
2025 $17,634 $1,602,423 $1,379,570 $222,853
2024 $17,634 $1,571,004 $1,352,520 $218,484
2023 $17,091 $1,540,200 $1,326,000 $214,200
2022 $16,834 $1,510,000 $1,300,000 $210,000
2021 $10,718 $936,785 $783,231 $153,554
2020 $10,387 $927,180 $775,200 $151,980
2019 $2,317 $204,273 $92,852 $111,421
2018 $2,292 $200,269 $91,032 $109,237
2017 $2,251 $196,344 $89,248 $107,096
2016 $2,178 $192,496 $87,499 $104,997
2015 $2,116 $189,605 $86,185 $103,420
2014 $2,036 $185,892 $84,497 $101,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2112413

California Regional Multiple Listing Service (CRMLS)

APN: 153-041-09