NOT LISTED FOR SALE

Estimated Value: $1,054,000 - $1,269,000

14 Beds
4 Baths
4,842 Sq Ft
$237/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2025

Last sale price $1,150,000 $238 Per Sq Ft

Current estimated payment $6,823 / mo

31 Days on Market

About This Home

As of January 2025

**50K Price Reduction** Large units, make this bread and butter property a valueable additional to any portfolio. Close the heart of downtown, means good access, to the beach, shopping, transportation, and dining. Great price per unit, fantastic price per square foot, low GRM, and good cash flow make this 4 Unit building a fantastic property. Boasting average unit sizes of over 1,200 square feet with two 3 bedroom 1 bath units, and two 4 bedroom 1 bath units, along with 2 garages, the building layout offers lots of space. Washer and dryer hook ups and Seperately metered for gas, and electric. Don't miss this amazing opportunity for immediate cash flow.

Last Agent to Sell the Property

Wade Tettenburn

Palazzo Realty Inc. Brokerage Phone: 562-400-0091 License #01246595 Listed on: 10/19/2024

Last Buyer's Agent

Jose Contreras

Coldwell Banker Quality Properties License #01742181

Coldwell Banker Quality Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 5,413 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,842 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 4 / 26
  • Tax Tract Number 576302
  • Assessor Parcel Number 7274020018
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Net Operating Income $71,916

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

5,413 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: unknown
  • Zoning: LBCO
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7274020018
  • Year Built: 1918
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 237.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5413.00
  • Lot Size Acres: 0.1243

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Multiplier: 11.51
  • Gross Scheduled Income: 110640.00
  • Lot Size Area: 5413.0000 Square Feet
  • Net Operating Income: 71916.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 38724.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 26
  • Tax Lot: 4
  • Tax Tract Number: 576302

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2024
Closed on
Dec 10, 2024
Sold by
Bought by
Seller's Agent
Wade Tettenburn
Palazzo Realty Inc.
Buyer's Agent
Jose Contreras
Coldwell Banker Quality Properties
List Price
$1,274,000
Sold Price
$1,150,000
Premium/Discount to List
-$124,000
-9.73%
Views
27
Current Estimated Value
$1,147,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,366
Avg. Annual Appreciation
-0.14%

Purchase Details

Listed on
Oct 19, 2024
Closed on
Nov 19, 2024
Sold by
Bought by
Seller's Agent
Wade Tettenburn
Palazzo Realty Inc.
Buyer's Agent
Jose Contreras
Coldwell Banker Quality Properties
List Price
$1,274,000
Sold Price
$1,150,000
Premium/Discount to List
-$124,000
-9.73%
Views
27

Purchase Details

Closed on
Jun 14, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
7.11%

Purchase Details

Closed on
Nov 2, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,745
Interest Rate
7.82%

Purchase Details

Closed on
Dec 15, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
7.23%

Purchase Details

Closed on
Dec 9, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
7.23%

Purchase Details

Closed on
Aug 15, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,900
Interest Rate
8.1%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 1996
Sold by
Bought by

Purchase Details

Closed on
Apr 17, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 Monarch Title
-- Monarch Title
-- Monarch Title
-- Stewart Title Of California
-- Stewart Title Of California
$365,000 Commonwealth Land Title Co
$275,000 --
$239,000 North American Title Co
-- North American Title Co
$130,000 Continental Lawyers Title Co
-- Stewart Title
$100,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $205,000
Previous Owner $292,000
Previous Owner $170,745
Previous Owner $191,200
Previous Owner $148,900
Closed $23,900
Closed $55,999
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/13/2025 01/13/25 Sold $1,150,000 -6.0% $238 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
11/06/2024 11/06/24 Price Changed $1,224,000 -3.9% $253 / Sq Ft
10/19/2024 10/19/24 For Sale $1,274,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,925 $539,191 $103,399 $435,792
2024 $7,544 $528,620 $101,372 $427,248
2023 $7,415 $518,256 $99,385 $418,871
2022 $6,981 $508,095 $97,437 $410,658
2021 $6,814 $498,133 $95,527 $402,606
2019 $6,717 $483,360 $92,695 $390,665
2018 $6,479 $473,883 $90,878 $383,005
2017 $6,412 $464,593 $89,097 $375,496
2016 $5,938 $455,484 $87,350 $368,134
2015 $5,711 $448,643 $86,038 $362,605
2014 $5,689 $439,856 $84,353 $355,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24076609

California Regional Multiple Listing Service (CRMLS)

APN: 7274-020-018

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