NOT LISTED FOR SALE

Estimated Value: $1,253,000 - $1,618,019

4 Beds
2 Baths
2,020 Sq Ft
$701/Sq Ft Est. Value

Last Sold September 20, 2021

Last sale price $1,117,500 $553 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,722/month

29 Days on Market

About This Home

As of September 2021

This spacious duplex located in Pacifica's sought after Linda Mar neighborhood has been well maintained and features nearly identical 1,050 square foot, two bedroom, one bathroom units. Both living spaces boast ample natural light, large entryways, private yards, and roomy interiors that make occupants feel right at home. Both units are currently occupied by long term tenants on month-to-month agreements. Significant upside in rents. Listed in conjunction with the adjacent property to the east, 829-831 Rosita (ML81853502), but both duplexes can be sold separately. Roof is brand new as of 2020. Driveway has been repaved in the last 3 years. Separately metered for water, but currently the owner pays water. Ample parking in the rear with the potential to add additional parking spaces. Low maintenance, low hassle income producing property that could also fit the needs of an owner occupant!

Last Agent to Sell the Property

Michael Silva

Capital Realty Group License #01962674 Listed on: 07/14/2021

Capital Realty Group

Co-Listed By

Brett Barron

Capital Realty Group License #00893787

Last Buyer's Agent

Brett Barron

Capital Realty Group License #00893787

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 8,067 Sq Ft Lot

Home Design

  • 2,020 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Parking

  • 1 Parking Space
  • 2 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $50,760

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,263
  • Maintenance Expense $2,017
  • Utility Expense $975
  • Trash Expense $2,688
  • Operating Expense $20,769
  • Gross Income $49,528

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2020
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 2020

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Off-Street Parking
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1852
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8069.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8069.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.40
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 1263
  • Expense Maintenance: 2017
  • Expenses Total: 20769
  • Expenses Utility: 975
  • Expense Trash: 2688
  • Income Annual Gross: 49528.00
  • Income Annual Rental: 50760
  • Income Gross Scheduled: 51060
  • Income Includes: Laundry
  • Income Other: 300
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Exterminator, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2015
Sold by
Kent Joseph and Mattson Reva Kent
Bought by
The Eric L Cox & Carol K Cox Revocable T
Current Estimated Value
$1,416,255

Purchase Details

Closed on
Jun 2, 2005
Sold by
Roza Kent Jack and Roza Kent
Bought by
Kent Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.15%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 23, 2003
Sold by
Kent Reva
Bought by
Mattson Reva Kent

Purchase Details

Closed on
Jul 30, 2002
Sold by
Cox Eric L and Cox Carol K
Bought by
Cox Eric L and Cox Carol K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Eric L Cox & Carol K Cox Revocable T $395,000 First American Title Company
Mattson Reva Kent -- First American Title Company
Kent Joseph $65,000 Financial Title Company
Mattson Reva Kent -- --
Cox Eric L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kent Joseph $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2021 09/20/21 Sold $1,117,500 -6.5% $553 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $1,195,000 -- $592 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $15,878 $1,185,899 $753,457 $432,442
2023 $15,878 $1,139,850 $724,200 $415,650
2022 $14,515 $1,117,500 $710,000 $407,500
2021 $7,295 $463,373 $219,762 $243,611
2020 $7,309 $458,624 $217,510 $241,114
2019 $7,100 $449,633 $213,246 $236,387
2018 $6,757 $440,819 $209,066 $231,753
2017 $6,506 $432,176 $204,967 $227,209
2016 $6,307 $423,703 $200,949 $222,754
2015 $2,529 $95,965 $26,506 $69,459
2014 $2,476 $94,086 $25,987 $68,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81853488

MLSListings

APN: 023-191-100