NOT LISTED FOR SALE
3 Beds
3 Baths
16,696 Sq Ft
0.41 Acre Lot

Sale Details

Date Sold: August 1, 2013

Last sale price $3,877,500 $232 Per Sq Ft

3 Days on Market

About This Home

As of August 2013

Property Id: 1540529

Apartment will be Move in ready October 19. Beautiful community near triangle square, shopping, dining and only 1.4 miles to the beach! This apartment features a stainless stove and range hood, quartz countertops, ceiling fans, dishwasher, heating, spacious closets and plenty of storage. Each apartment comes with 1 assigned carport parking. We have 3 laundry rooms on-site with convenient mobile pay available, we have a resident manager onsite if anything should arise! Our complex in NON - Smoking (inside or outside the complex) - Online applications - Online rent payments Application Requirements: -you must have good credit -verifiable income (income must be 2.5 times the amount of rent) -excellent landlord recommendations -adherence to occupancy limits -small/medium dogs and cats allowed with pet deposit -Deposit starts at $1,200 -Application fee $50 (per adult) **First month's rent and deposit due upon approval**

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/25/2013

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/25/2013

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 18,000 Sq Ft Lot
  • 1 Common Wall
  • Density is 36-40 Units/Acre

Parking

  • 2 Car Garage
  • 20 Carport Spaces

Home Design

  • 16,696 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2672
  • Assessor Parcel Number 42419401

Community Details

Overview

  • 22 Units

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,000
  • Insurance Expense $4,400
  • Maintenance Expense $12,000
  • Professional Management Expense $10,000
  • Trash Expense $5,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $41,000
  • Gross Income $22,250
  • Net Operating Income $172,601

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.41 Acres

Parking

2

Listing Details

  • Professional Management Expense: 10000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 42419401
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 232.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 22.00

Utilities

  • Sewer: Conventional Septic
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 18000.00
  • Lot Size Acres: 0.4130

Multi Family

  • Electric Expense: 5000.00
  • Gross Income: 22250.00
  • Gross Scheduled Income: 267000.00
  • Insurance Expense: 4400.00
  • Lot Size Area: 18000.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 172601.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 94399.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 41000.00
  • Tax Lot: 1
  • Tax Tract Number: 2672

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,445,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 25, 2013
Closed on
Aug 20, 2013
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$3,905,000
Sold Price
$3,877,500
Premium/Discount to List
-$27,500
-0.7%

Purchase Details

Closed on
May 16, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
3.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$15,000,000 First American Title Co
-- Ticor Title Company Of Ca
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $12,600,000
Closed $8,445,000
Previous Owner $2,900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/08/2024 10/08/24 Off Market $2,650 -- --
10/01/2024 10/01/24 For Rent $2,650 0.0% --
09/30/2024 09/30/24 Price Changed $2,650 0.0% $3 / Sq Ft
09/30/2024 09/30/24 For Rent $2,650 -1.9% --
09/17/2024 09/17/24 Price Changed $2,700 0.0% $3 / Sq Ft
08/01/2013 08/01/13 Sold $3,877,500 -0.7% $232 / Sq Ft
06/28/2013 06/28/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $3,905,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $76,496 $6,499,278 $3,829,933 $2,669,345
2025 $76,496 $6,371,842 $3,754,837 $2,617,005
2024 $74,996 $6,246,904 $3,681,212 $2,565,692
2023 $72,945 $6,124,416 $3,609,031 $2,515,385
2022 $70,768 $6,004,330 $3,538,266 $2,466,064
2021 $68,564 $5,886,599 $3,468,889 $2,417,710
2020 $67,909 $5,826,240 $3,433,320 $2,392,920
2019 $66,619 $5,712,000 $3,366,000 $2,346,000
2018 $49,525 $4,094,005 $2,908,899 $1,185,106
2017 $48,692 $4,013,731 $2,851,862 $1,161,869
2016 $47,648 $3,935,031 $2,795,943 $1,139,088
2015 $47,156 $3,875,924 $2,753,946 $1,121,978
2014 $46,064 $3,800,000 $2,700,000 $1,100,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13122388

California Regional Multiple Listing Service (CRMLS)
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