NOT LISTED FOR SALE

809 Riverside Ave Santa Cruz, CA 95060

Lower Ocean Neighborhood

Estimated Value: $1,542,000 - $1,968,000

7 Beds
5 Baths
3,640 Sq Ft
$494/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2012

Last sale price $755,000 $207 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $10,598 / mo

22 Days on Market

Highlights

  • Neighborhood Views
  • Sustainable Flooring
  • Laundry Facilities
  • Mission Hill Middle School Rated A-
  • Forced Air Heating System
  • 1-minute walk to Mimi De Marta Dog Park

About This Home

As of June 2012

Great rental property located in a central Santa Cruz location. Short walk to downtown or beach from here. Excellent income stream. Owners unit has 3 bedrooms and 2 baths with a 2 car garage. Large fenced rear yard. 2 units have fireplaces. County records indicate 3 units not 4 units.

Last Agent to Sell the Property

Mike Castle

David Lyng Real Estate License #00620895 Listed on: 04/02/2012

David Lyng Real Estate

Last Buyer's Agent

Mike Castle

David Lyng Real Estate License #00620895 Listed on: 04/02/2012

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1971

Lot Details

  • 7,492

Home Design

  • Triplex
  • Slab Foundation

Interior Spaces

  • 3,640 Sq Ft Home
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Sustainable
  • Vinyl

Parking

  • Carport
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $75,780
  • The owner pays for garbage, water

Community Details

Overview

  • 4 Units
  • 3,640 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $2,400
  • Utility Expense $1,200
  • Trash Expense $2,400
  • Operating Expense $17,045
  • Gross Income $73,507

Property Details

Home Type

Multi-Family

Year Built

1971

Lot Details

7,492 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 207.42
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3640
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3640
  • Laundry: 220 Volt Outlet, Community Facility
  • Flooring: Laminate, Carpet - Wall To Wall, Sustainable Materials, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Slab
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Uncovered Parking, Carport

Utilities

  • Heating System: Gas - Natural, Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7405.00
  • Lot Size Area Min Search: 7405.00
  • Maximum Lot Size: 7405.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.89

Multi Family

  • Expense Insurance: 2000
  • Expense Maintenance: 2400
  • Expenses Total: 17045
  • Expenses Utility: 1200
  • Expense Trash: 2400
  • Expense Water Sewer: 1800
  • Income Annual Gross: 73507.00
  • Income Annual Rental: 75780
  • Income Gross Scheduled: 75780
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Services - Gardener, Insurance, Accounting/Legal, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv
  • Vacancy Amount: 2273
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2016
Sold by
Murthy Vidyullatha and Annadore Sriharsha
Bought by
Murthy Vidyullatha and Annadore Sriharsha
Current Estimated Value
$1,797,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$631,463
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$1,166,468

Purchase Details

Listed on
Apr 2, 2012
Closed on
Aug 24, 2012
Sold by
Houghton Cathryn M and Estate Of Dorothy D Houghton
Bought by
Annadore Sriharsha and Murthy Vidyullatha
Seller's Agent
Mike Castle
David Lyng Real Estate
Buyer's Agent
Mike Castle
David Lyng Real Estate
List Price
$825,000
Sold Price
$755,000
Premium/Discount to List
-$70,000
-8.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$566,250
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2001
Sold by
Houghton Dorothy D
Bought by
Houghton David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
7.19%
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
Murthy Vidyullatha -- Chicago Title Insurance Co
Annadore Sriharsha $755,000 First American Title Company
Houghton David E -- Santa Cruz Title Company
Houghton David $580,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murthy Vidyullatha $800,000
Closed Annadore Sriharsha $566,250
Previous Owner Houghton David $435,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2012 06/30/12 Sold $755,000 -8.5% $207 / Sq Ft
04/24/2012 04/24/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $825,000 -- $227 / Sq Ft
Source: MLSListings

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 $10,974 $955,536 $452,550 $502,986
2023 $10,846 $918,431 $434,977 $483,454
2022 $10,728 $900,423 $426,448 $473,975
2021 $10,513 $882,767 $418,086 $464,681
2020 $10,433 $873,715 $413,799 $459,916
2019 $10,214 $856,584 $405,686 $450,898
2018 $10,103 $839,788 $397,731 $442,057
2017 $9,928 $823,321 $389,932 $433,389
2016 $9,178 $785,377 $382,286 $403,091
2015 $8,880 $773,580 $376,544 $397,036
2014 $8,734 $758,427 $369,168 $389,259
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mike Castle

    David Lyng Real Estate

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Map

Source: MLSListings

MLS Number: ML81212149

MLSListings

APN: 005-291-13-000

California Santa Cruz County Santa Cruz 95060 Lower Ocean

809 Riverside Ave, Santa Cruz, CA

Not Listed for Sale

MultiFamily

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