NOT LISTED FOR SALE
5 Beds
3 Baths
2,336 Sq Ft
9,718 Sq Ft Lot

Last Sold October 07, 2019

Last sale price $950,000 $407 Per Sq Ft

21 Days on Market

Highlights

  • River View
  • No HOA
  • Park
  • Cape Cod Architecture
  • Hiking Trails
  • 3-minute walk to Capistrano Park

About This Home

As of October 2019

This is a rare opportunity to own a duplex with an extra-large lot with incredible views overlooking well-manicured Capistrano Park, and river views of San Luis Rey. This property also shares the same exit to Camp Pendleton marine base which is a great source of renters. The current low cap rate is due to not including income from the 3rd unit and the other units below market rent. With no adjacent building on either side or in front of the property, this is truly very unique property. Also, close to the water with a relaxing 3/8 mile walk to Oceanside Harbor and beach. The 3rd unit 802-B is currently being used by a relative, so 802-B has no current income, however, this unit will be another revenue source upon close of escrow. 802-B is currently permitted as a home office. The potential rent for this unit is shown in the rent roll. REQUEST OFFERING MEMORANDUM.

Last Agent to Sell the Property

John Gessford

Lee & Associates Realty Group License #01137479 Listed on: 08/12/2019

Lee & Associates Realty Group

Co-Listed By

Cindy DePhillips

First Team Real Estate License #01371533

Last Buyer's Agent

Ivan Perez

REALTY WORLD CALIFORNIA PROPERTIES License #01438047

REALTY WORLD CALIFORNIA PROPERTIES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 9,718 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Property Views

  • River
  • Peek-A-Boo
  • Park or Greenbelt

Home Design

  • Cape Cod Architecture
  • Composition Roof

Interior Spaces

  • 2,336 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 236
  • Tax Tract Number 3031
  • Assessor Parcel Number 1440513300

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Mountainous Community

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,450
  • Fuel Expense $1,450
  • Insurance Expense $1,368
  • Trash Expense $681
  • Water Sewer Expense $3,614
  • New Taxes Expense $11,006
  • Operating Expense $20,221
  • Gross Income $41,400
  • Net Operating Income $21,179

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.75
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 3614.00
  • Zoning: R1
  • Architectural Style: Cape Cod
  • Property Type: Residential Income
  • Parcel Number: 1440513300
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: No Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 406.68

Exterior Features

  • View: Park/Greenbelt, Peek-A-Boo, River
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 681.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Park, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9718.00
  • Lot Size Acres: 0.2231

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1450.00
  • Fuel Expense: 1450.00
  • Gross Income: 41400.00
  • Gross Multiplier: 14.70
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 1368.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 9718.0000 Square Feet
  • Net Operating Income: 21179.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 20221.00
  • Operating Expense Percent: 48.00
  • Other Income Description: Cap Rate includes 3rd unit inc
  • Rent Control: No
  • Total Actual Rent: 3450.00
  • Total Expenses: 20221.00

Tax Info

  • New Taxes Expense: 11006.00
  • Tax Census Tract: 186.01
  • Tax Lot: 236
  • Tax Tract Number: 3031

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
10/07/2019 10/07/19 Sold $950,000 -3.8% $407 / Sq Ft
08/12/2019 08/12/19 For Sale $988,000 -- $423 / 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: OC19192795

California Regional Multiple Listing Service (CRMLS)