NOT LISTED FOR SALE

Estimated Value: $3,145,000 - $3,283,000

9 Beds
7 Baths
5,542 Sq Ft
$580/Sq Ft Est. Value

Last Sold March 09, 2020

Last sale price $3,050,000 $550 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $19,313/month

38 Days on Market

Highlights

  • Ocean View
  • Corner Lot
  • 1-Story Property
  • Hermosa View Elementary School Rated A
  • Laundry Room
  • 2-minute walk to Fort Lots of Fun Park

About This Home

As of March 2020

907 5th St consists of one (1) 3-Bed/2.5-Bath unit and two (2) 3 Bed/2-Bath units with nearly 2,000 SF per unit, with attractive seller financing available (minimum 25% down payment and low interest only financing). Each tri-level unit features ocean views, with a combined living area of 5,542 square feet on a 3,485 square foot lot. The building is separately metered for gas and electricity, and each unit contains its own washer/dryer and 2-car garage. This well-maintained property is just one block from PCH and is in close proximity to Pier Avenue, local restaurants, retail, and The Strand. Located in one of the strongest rental markets in California - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 01/07/2020

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 01/07/2020

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 3,485 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,542 Sq Ft Home
  • 1-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 9 / 85
  • Tax Tract Number 6211
  • Assessor Parcel Number 4186016011

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,217
  • Maintenance Expense $4,104
  • Other Expense $2,400
  • New Taxes Expense $46,126
  • Operating Expense $46,126
  • Gross Income $90,674
  • Net Operating Income $90,674

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Zoning: HBR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4186016011
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 550.34

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3485.00
  • Lot Size Acres: 0.0800

Multi Family

  • Gross Income: 90674.00
  • Gross Scheduled Income: 136800.00
  • Insurance Expense: 2217.00
  • Lot Size Area: 3485.0000 Square Feet
  • Maintenance Expense: 4104.00
  • Net Operating Income: 90674.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 46126.00
  • Other Expense: 2400.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 46126.00

Tax Info

  • New Taxes Expense: 46126.00
  • Tax Block: 85
  • Tax Census Tract: 6211.02
  • Tax Lot: 9
  • Tax Tract Number: 6211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2023
Sold by
Felix David E and Felix Marianne
Bought by
Carlton-Felix Family Trust and Felix
Current Estimated Value
$3,214,000

Purchase Details

Closed on
Apr 20, 2023
Sold by
Nguyen Daniel F and Revoca Lisa
Bought by
Carlton Marianne

Purchase Details

Listed on
Jan 7, 2020
Closed on
Mar 3, 2020
Sold by
Miller Maurisa
Bought by
Nguyen Daniel F and Nguyen Lisa E
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$3,300,000
Sold Price
$3,050,000
Premium/Discount to List
-$250,000
-7.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.90%
Original Mortgage
$2,000,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jan 7, 2020
Closed on
Feb 28, 2020
Sold by
Felix David Eli
Bought by
Carlton Marianne
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$3,300,000
Sold Price
$3,050,000
Premium/Discount to List
-$250,000
-7.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 9, 2006
Sold by
Zavadil Lp
Bought by
Miller Maurisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.16%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 10, 2004
Sold by
Dardis Patricia S and The Dardis Living Trust
Bought by
Zavadil Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2002
Sold by
Dardis Robert H and Dardis Patricia S
Bought by
Dardis Robert H and Dardis Patricia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
7.13%

Purchase Details

Closed on
Dec 15, 1995
Sold by
Hunt Laura Dardis
Bought by
Dardis Robert H and Dardis Patricia S
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
Carlton-Felix Family Trust -- None Listed On Document
Felix David E -- None Listed On Document
Carlton Marianne $1,800,000 None Listed On Document
Nguyen Daniel F $3,050,000 First American Title Company
Carlton Marianne -- First American Title Company
Miller Maurisa $1,925,000 Gateway Title Company
Zavadil Lp $1,500,000 Fidelity National Title Comp
Dardis Robert H -- Fidelity Title
Dardis Robert H $134,000 --
Hunt Laura Dardis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Daniel F $2,000,000
Previous Owner Miller Maurisa $500,000
Previous Owner Zavadil Lp $975,000
Previous Owner Dardis Robert H $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2020 03/09/20 Sold $3,050,000 -7.6% $550 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $3,300,000 -- $595 / 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 $32,080 $2,984,409 $2,185,652 $798,757
2024 $32,080 $2,925,893 $2,142,797 $783,096
2023 $34,999 $3,206,092 $2,102,356 $1,103,736
2022 $34,373 $3,143,229 $2,061,134 $1,082,095
2021 $33,791 $3,081,598 $2,020,720 $1,060,878
2020 $26,723 $2,405,407 $1,655,673 $749,734
2019 $26,178 $2,358,243 $1,623,209 $735,034
2018 $25,310 $2,312,004 $1,591,382 $720,622
2016 $24,038 $2,222,229 $1,529,588 $692,641
2015 $23,581 $2,188,850 $1,506,613 $682,237
2014 $22,927 $2,145,974 $1,477,101 $668,873
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20003662

California Regional Multiple Listing Service (CRMLS)

APN: 4186-016-011