NOT LISTED FOR SALE

Estimated Value: $2,078,000 - $2,449,538

8 Beds
5 Baths
3,421 Sq Ft
$680/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $1,800,000 $526 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $14,742/month

21 Days on Market

Highlights

  • No Units Above
  • Ocean Side of Freeway
  • Open Floorplan
  • Jefferson Elementary School Rated A+
  • City Lights View
  • Contemporary Architecture

About This Home

As of November 2020

One of a kind 3,421 sqft triplex on 7,509 sqft lot in Golden Hills. 3 bed 2 bath front house with a private 2 car garage and private fenced front yard. 3 bed 1.5 bath 2 story middle unit with 2 car garage. 2 bed 1.5 bath rear upper unit above garages with 1 car garage. None of the units have anyone above or below. 5 garages total, 3 with 12' ceiling, 9+ total on-site parking spaces.  ADU (accessory dwelling unit) addition in rear should be easy here (btv). Each unit has it’s own private washer & dryer hookups and water heater. Separate gas, electric and water meters, extremely low maintenance. A+ rental area 1/2 block to parkette, 1 block to Jefferson Elementary (9 on Greatschools) and 1 mile to beach, Lazy Acres and Whole Foods. 2 long term tenants, all 3 month to month, huge upside in rents. Seller in escrow on out of state upleg, will sell this week.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 09/16/2020

Last Buyer's Agent

Daniel Jensen

Jensen Realty License #01294017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,340

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 7,509 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • West Facing Home
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Garden
  • Front Yard

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Side by Side Parking
  • Two Garage Doors
  • RV Potential
  • Assigned Parking

Property Views

  • City Lights
  • Peek-A-Boo
  • Mountain

Home Design

  • Triplex
  • Contemporary Architecture
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,421 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Beamed Ceilings
  • Ceiling Fan
  • Insulated Doors
  • Bonus Room
  • Attic

Kitchen

  • Built-In Range
  • Range Hood
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Mirrored Closets Doors
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Outdoor Features

  • Ocean Side of Freeway
  • Balcony

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 12 / 102
  • Assessor Parcel Number 4161005029

Community Details

Overview

  • 3 Buildings
  • 3 Units

Recreation

  • Park
  • Dog Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,560
  • Maintenance Expense $469
  • Water Sewer Expense $1,187
  • New Taxes Expense $23,125
  • Operating Expense $26,341
  • Gross Income $99,456
  • Net Operating Income $73,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,340

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Inclusions: stainless appliances, garage openers,
  • Other Phone Description: 4242069270
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1187.00
  • Zoning: RBR-2
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 4161005029
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Beamed Ceilings, Ceiling Fan(s), Granite Counters, Open Floorplan, Wired for Data
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Appliances: Yes
  • Door Features: Insulated Doors, Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 526.16
  • Room Type: Attic, Bonus Room, Laundry, Main Floor Master Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • View: City Lights, Mountain(s), Peek-A-Boo
  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Garage, Garage Faces Front, Garage Faces Side, Garage - Single Door, Garage - Two Door, Oversized, Private, RV Potential, Side by Side
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected
  • Laundry: Yes
  • Appliances: Built-In Range, ENERGY STAR Qualified Appliances, Disposal, Gas & Electric Range, Range Hood, Refrigerator
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Yard
  • Lot Size: 50 x 150
  • Lot Size Sq Ft: 7509.00
  • Lot Size Acres: 0.1724

Multi Family

  • Gross Income: 99456.00
  • Gross Operating Income: 99456.00
  • Gross Scheduled Income: 99456.00
  • Gross Spendable Income: 74771.00
  • Lot Size Area: 7509.0000 Square Feet
  • Maintenance Expense: 469.00
  • Net Operating Income: 73115.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 26341.00
  • Other Income Description: see 12 mo. cash flow in supp's
  • Rent Control: Yes
  • Total Expenses: 26341.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Area: califor
  • Tax Block: 102
  • Tax Census Tract: 6207.02
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Oct 3, 2020
Sold by
Nordine Leo S
Bought by
Romoff Gary and Romoff Luisa
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Daniel Jensen
Jensen Realty
List Price
$1,850,000
Sold Price
$1,800,000
Premium/Discount to List
-$50,000
-2.7%
Current Estimated Value
$2,337,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,342
Avg. Annual Appreciation
5.52%
Original Mortgage
$1,085,400
Outstanding Balance
$969,759
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,355,126

Purchase Details

Listed on
Jul 26, 2019
Closed on
Sep 18, 2019
Sold by
Joseph Howard L and Katzen Linda R
Bought by
Nordine Leo S and The Leo S Nordine Family Trust
Seller's Agent
Austin Zahn
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Leo Nordine
Nordine Realtors, Inc.
List Price
$1,775,000
Sold Price
$1,650,000
Premium/Discount to List
-$125,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
Jul 27, 2009
Sold by
Joseph Howard L and Katzen Linda R
Bought by
Joseph Howard L
Source: Public Records

Range of Values:

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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
Romoff Gary $1,800,000 Usa Title Company
Nordine Leo S $1,599,000 Fidelity National Title
Joseph Howard L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romoff Gary $1,085,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $1,800,000 -2.7% $526 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $1,850,000 +12.1% $541 / Sq Ft
10/01/2019 10/01/19 Sold $1,650,000 -7.0% $482 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $1,775,000 -- $519 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,340 $1,948,376 $1,515,404 $432,972
2024 $23,340 $1,910,174 $1,485,691 $424,483
2023 $22,917 $1,872,720 $1,456,560 $416,160
2022 $22,485 $1,836,000 $1,428,000 $408,000
2021 $21,873 $1,800,000 $1,400,000 $400,000
2020 $19,802 $1,599,000 $1,050,000 $549,000
2019 $3,309 $122,364 $44,584 $77,780
2018 $3,079 $119,965 $43,710 $76,255
2016 $2,939 $115,308 $42,013 $73,295
2015 $2,906 $113,577 $41,382 $72,195
2014 $2,869 $111,353 $40,572 $70,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20179590

California Regional Multiple Listing Service (CRMLS)

APN: 4161-005-029