NOT LISTED FOR SALE

Estimated Value: $2,216,000 - $2,802,857

1 Bed
1 Bath
1,000 Sq Ft
$2,545/Sq Ft Est. Value

Last Sold May 30, 2013

Last sale price $1,500,000 $1,500 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $15,503/month

145 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Corner Lot
  • El Morro Elementary School Rated A+
  • Wood Flooring
  • Cottage

About This Home

As of May 2013

precious cottage front house and expansive view apartment in the back building. Ocean views from both properties. Renovated as vacation rentals. Owner/Broker SELLER FINANCING walking distance to 3 cove beaches and Boat Canyon shopping and resturants. Front house easy to show. Back apartment showing with approved offer only. Do not disturb tenant PLEASE! Seller Financing Seller Financing Being sold 'As IS' Front house 2 bedrooms 2 bathroom Back upper apartment is a spacious 1 bedroom with shower in the bathroom.

Last Agent to Sell the Property

Christine Rhoades

Ocean Real Estates Inc License #00698619 Listed on: 11/13/2012

Last Buyer's Agent

Joseph Baker

Berkshire Hathaway HomeServices California Properties License #00605064

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • Property fronts an alley
  • Corner Lot

Property Views

  • Ocean
  • Coastline
  • City Lights

Home Design

  • Cottage
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Fireplace Features Masonry
  • Wood Flooring

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway
  • Guest Parking

Outdoor Features

  • Ocean Side of Freeway

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 05315513

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $6,000
  • Gross Income $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Road Frontage Type: Alley
  • View: Yes
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 05315513
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Wood
  • Fireplace Features: Masonry
  • Price Per Square Foot: 1500.00

Exterior Features

  • View: City Lights, Coastline, Ocean
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Guest, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Features: Corner Lot

Multi Family

  • Gross Income: 1800.00
  • Gross Multiplier: 75.00
  • Gross Scheduled Income: 22000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Refrigerator: 2
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 00
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Slee Earl H and Slee Elisa J
Bought by
Slee Family Trust
Current Estimated Value
$2,544,964

Purchase Details

Listed on
Nov 13, 2012
Closed on
Apr 24, 2013
Sold by
Rhoades Christine Ann Lyon
Bought by
Slee Earl H and Slee Elisa J
Seller's Agent
Christine Rhoades
Ocean Real Estates Inc
Buyer's Agent
Joseph Baker
Berkshire Hathaway HomeServices California Properties
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$975,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2002
Sold by
Rhoades Christine Ann
Bought by
Rhoades Christine Ann Lyon

Purchase Details

Closed on
Feb 3, 2000
Sold by
Cheeley James E
Bought by
Rhoades Christine Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Slee Family Trust -- Amrock
Slee Earl H -- Amrock
Slee Earl H $1,500,000 Chicago Title Company
Rhoades Christine Ann Lyon -- Chicago Title Co
Rhoades Christine Ann $550,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Slee Earl H $975,000
Previous Owner Rhoades Christine Ann $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2013 05/30/13 Sold $1,500,000 -9.1% $1,500 / Sq Ft
04/07/2013 04/07/13 Pending -- -- --
11/13/2012 11/13/12 For Sale $1,650,000 -- $1,650 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,853 $2,121,435 $1,796,995 $324,440
2024 $22,853 $2,079,839 $1,761,760 $318,079
2023 $22,784 $2,039,058 $1,727,215 $311,843
2022 $22,254 $1,999,077 $1,693,348 $305,729
2021 $21,273 $1,914,815 $1,660,145 $254,670
2020 $19,427 $1,745,511 $1,643,123 $102,388
2019 $18,492 $1,655,858 $1,610,905 $44,953
2018 $18,106 $1,623,391 $1,579,319 $44,072
2017 $17,718 $1,591,560 $1,548,352 $43,208
2016 $17,352 $1,560,353 $1,517,992 $42,361
2015 $17,056 $1,536,916 $1,495,191 $41,725
2014 $16,711 $1,506,810 $1,465,902 $40,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: L40145

California Regional Multiple Listing Service (CRMLS)

APN: 053-155-13

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