NOT LISTED FOR SALE
4 Beds
2 Baths
1,669 Sq Ft
6,534 Sq Ft Lot

Last Sold July 10, 2013

Last sale price $600,000 $359 Per Sq Ft

10 Days on Market

Highlights

  • 0.15 Acre Lot
  • Wood Flooring
  • Laundry Room
  • Ethel Dwyer Middle Rated A-
  • No HOA
  • Garden

About This Home

As of July 2013

Approximately 2 miles from the beach this 1670 Square foot Duplex located is an area that is very easy to rent. Over a 12 year period owner has never had to market for tenants other then putting a sign in the front yard. The property has lush garden like back yard with large detached raised patio for entertaining or afternoon relaxation. Property had new roof installed 3 years ago.

Last Agent to Sell the Property

Edward Clark

Berkshire Hathaway HSCP License #01724249 Listed on: 05/18/2013

Berkshire Hathaway HSCP

Last Buyer's Agent

Sean Bui

No Firm Affiliation License #01782369

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x135
  • No Common Walls
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Patio Home
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,669 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 23 / B
  • Tax Tract Number 837
  • Assessor Parcel Number 02518219

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $680
  • Maintenance Expense $500
  • Trash Expense $770
  • Water Sewer Expense $507
  • New Taxes Expense $6,490
  • Gross Income $2,780
  • Net Operating Income $26,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.50
  • Price Per Unit: 297000
  • Property Attached: No
  • Water Sewer Expenses: 507.00
  • Zoning: R2
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 02518219
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 359.50

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 770.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights, Storm Drains

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Patio Home
  • Lot Size: 50x135
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2780.00
  • Gross Scheduled Income: 33360.00
  • Insurance Expense: 680.00
  • Lot Size Area: 6534.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 26976.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6383.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6490.00
  • Tax Area: 04-001
  • Tax Block: B
  • Tax Lot: 23
  • Tax Rate: 1.10
  • Tax Tract Number: 837
  • 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
07/10/2013 07/10/13 Sold $600,000 +0.8% $359 / Sq Ft
05/28/2013 05/28/13 Pending -- -- --
05/18/2013 05/18/13 For Sale $595,000 -- $357 / 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: OC13093222

California Regional Multiple Listing Service (CRMLS)

APN: 025-182-19