M
Seller's Agent in 2014
Michael Cavner
William Michael Cavner, Broker
(949) 419-3200
3 Total Sales
7668 Baypoint Dr Unit 106 Huntington Beach, CA 92648
Estimated Value: $682,168 - $718,000
2
Beds
1
Bath
4,680
Sq Ft
$150/Sq Ft
Est. Value
Highlights
- In Ground Spa
- Balcony
- Laundry Room
- Agnes L. Smith Elementary Rated A-
About This Home
As of October 2014Las Brisas is a condominium community located exactly one-half mile from the ocean in beautiful Huntington Beach, CA. This desirable portfolio of condominiums is owned and professionally operated by a local private investor and represents a truly rare, core coastal, A+ location investment opportunity. This three story condominium community, consisting of 76 total units built in 1981. We are pleased to be presenting 5 of these 76 units in this portfolio offering. All floor plans are a two-bedroom/one-bathroom configuration and units are evenly distributed throughout this exclusive, gated community.
The 5 units possess individual APN numbers and currently sell in the $400K range; in previous years the units commanded values upwards of $550K. The property and unit interiors are highly amenitized with opportunities for enhancements which both the market-rental tenant, and end-user sale, bases will demand and absorb.
With the development of Pacific City well underway, the evolution of Downtown Huntington Beach will continue inching westward. Accordingly, this will trend the already superior micro-location of Las Brisas upward, outpacing all other core coastal Southern California multifamily investment opportunities.
Last Agent to Sell the Property
William Michael Cavner, Broker License #01274709 Listed on: 06/18/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,656
Year Built
- Built in 1981
Lot Details
- 4.79 Acre Lot
- Two or More Common Walls
Parking
- 4 Car Garage
- 1 Carport Space
- Parking Available
- Assigned Parking
Home Design
- 4,680 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Electric Dryer Hookup
Pool
- In Ground Spa
- Private Pool
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Sewer Assessments
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 11272
- Assessor Parcel Number 93950009
Community Details
Overview
- Property has a Home Owners Association
- 8 Buildings
- 5 Units
Recreation
- Community Pool
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Electric Expense $20
- Insurance Expense $842
- Maintenance Expense $1,500
- Other Expense $19,020
- Supplies Expense $395
- New Taxes Expense $21,070
- Gross Income $9,825
- Net Operating Income $70,661
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2014
Closed on
Oct 6, 2014
Sold by
Advanced Reo Funds
Bought by
Rei Grad
Seller's Agent
Michael Cavner
William Michael Cavner, Broker
Buyer's Agent
Sherry Newtols
Seven Gables Real Estate
List Price
$1,790,000
Sold Price
$1,642,857
Premium/Discount to List
-$147,143
-8.22%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$943,065
Avg. Annual Appreciation
-7.73%
Purchase Details
Closed on
Feb 7, 2011
Sold by
City National Bank
Bought by
Symphony Asset Pool Vii Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rei Grad | $9,200,000 | Commonwealth Land Title Co | |
| Symphony Asset Pool Vii Llc | $2,550,000 | Fidelity National Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2014 10/14/14 | Sold | $1,642,857 | -8.2% | $351 / Sq Ft |
| 09/10/2014 09/10/14 | Pending | -- | -- | -- |
| 06/18/2014 06/18/14 | For Sale | $1,790,000 | -43.9% | $382 / Sq Ft |
| 04/23/2013 04/23/13 | Sold | $3,190,309 | +6.4% | $341 / Sq Ft |
| 04/01/2013 04/01/13 | Pending | -- | -- | -- |
| 03/15/2013 03/15/13 | For Sale | $2,999,000 | -- | $320 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,656 | $394,888 | $302,184 | $92,704 |
| 2024 | $4,656 | $387,146 | $296,259 | $90,887 |
| 2023 | $4,549 | $379,555 | $290,450 | $89,105 |
| 2022 | $4,430 | $372,113 | $284,755 | $87,358 |
| 2021 | $4,349 | $364,817 | $279,171 | $85,646 |
| 2020 | $4,320 | $361,077 | $276,309 | $84,768 |
| 2019 | $4,271 | $353,998 | $270,892 | $83,106 |
| 2018 | $4,206 | $347,057 | $265,580 | $81,477 |
| 2017 | $4,150 | $340,252 | $260,372 | $79,880 |
| 2016 | $3,972 | $333,581 | $255,267 | $78,314 |
| 2015 | $3,933 | $328,571 | $251,433 | $77,138 |
| 2014 | $3,033 | $247,262 | $164,175 | $83,087 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Cavner
-
Sherry Newtols
Buyer's Agent in 2014
Sherry Newtols
Seven Gables Real Estate
(714) 318-7159
1 Total Sale
-
K
Seller's Agent in 2013
Karen Richardson
Pacifica Real Estate Services
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC14128394
APN: 939-500-09
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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