NOT LISTED FOR SALE
2 Beds
2 Baths
1,352 Sq Ft
2,178 Sq Ft Lot

Last Sold April 27, 2015

Last sale price $2,000,000 $1,479 Per Sq Ft

98 Days on Market

About This Home

As of April 2015

Great opportunity to own an oceanfront duplex on the Balboa Peninsula! Build your dream home with beautiful park/sand/oceanfront views, or combine with property for sale in rear of structure and make your dream home. Combine this property with 921 E Balboa (directly behind this home) and make a single family dream home. Value is in the land, don't miss this once in a lifetime opportunity!

Last Agent to Sell the Property

Colin Delaney

Gatehouse Properties License #01391590 Listed on: 08/25/2014

Co-Listed By

Gary Rocha

Patriot Real Estate License #01946859

Last Buyer's Agent

Colin Delaney

Gatehouse Properties License #01391590 Listed on: 08/25/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,352 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 104
  • Assessor Parcel Number 04814317

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,000
  • New Taxes Expense $32,500
  • Gross Income $3,810
  • Net Operating Income $43,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Property Type: Residential Income
  • Parcel Number: 04814317
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 1479.29

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500

Multi Family

  • Gross Income: 3810.00
  • Gross Scheduled Income: 45720.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 2178.0000 Square Feet
  • Net Operating Income: 43720.00
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 32500.00
  • Tax Lot: 24
  • Tax Tract Number: 104
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2015 04/27/15 Sold $2,000,000 -25.8% $1,479 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $2,695,000 -- $1,993 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $25,343 $2,363,369 $2,363,369 --
2024 $25,343 $2,356,567 $2,317,029 $39,538
2023 $24,748 $2,310,360 $2,271,597 $38,763
2022 $24,336 $2,265,059 $2,227,056 $38,003
2021 $23,871 $2,220,647 $2,183,389 $37,258
2020 $23,641 $2,197,877 $2,161,001 $36,876
2019 $23,155 $2,154,782 $2,118,629 $36,153
2018 $22,694 $2,112,532 $2,077,087 $35,445
2017 $22,294 $2,071,110 $2,036,360 $34,750
2016 $21,794 $2,030,500 $1,996,431 $34,069
2015 $1,433 $90,738 $77,722 $13,016
2014 -- $88,961 $76,199 $12,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14182728

California Regional Multiple Listing Service (CRMLS)

APN: 048-143-17