NOT LISTED FOR SALE
5 Beds
3 Baths
2,600 Sq Ft
3,441 Sq Ft Lot

Last Sold September 16, 2016

Last sale price $971,000 $373 Per Sq Ft

25 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Chair Railings
  • Marco Forster Middle School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of September 2016

Wowie! Nestled near the top of Lantern Village on a non through street sits this upgraded and well cared for Duplex. Built as a duplex with a upper three bedroom, 1.75 bath ocean view dwelling and a lower two bedroom, 2 bath unit! The upper has had the living area acoustic removed with newer plaster and paint. Stainless steel newer Whirlpool Appliances,; Stove/oven, Fridge, dishwasher and micro wave- exhaust fan combo. High quality sand stone carpet throughout, the bathrooms have been upgraded (upstairs with black grey/white granite counter tops, new sinks and hardware)! The top is owner occupied and a pro forma rent would be $2,600. The downstairs has one person, a two year tenant on a month to month at $1,700. (Should be $2,000). High on the hill is little PC HWY, restaurant-late night or delivery truck -early am noise as in the 34000 blocks. Upper Lantern Village has ocean views (living, dining, outside deck). So this is a superior location! A double garage & single garage. There are laundry hook ups. Price includes 1 washer and dryer a total of two stoves/oven & two fridges, as well as the DW, MICRO mentioned. Garbage disposals. Rear yard has some new fencing, a raised wood patio & cover, slider for the two bedroom lower unit. Hear the seals at night

Last Agent to Sell the Property

Carl Mitrak

WINDERMERE DESERT PROPERTIES License #00519085 Listed on: 07/26/2016

WINDERMERE DESERT PROPERTIES

Last Buyer's Agent

scott craig

Pacific Equity Real Estate License #01355244

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 3,441 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,600 Sq Ft Home
  • Chair Railings
  • Blinds
  • Carpet
  • Ocean Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 005
  • Tax Tract Number 6798
  • Assessor Parcel Number 68226204

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Lantern Village Central Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $200
  • Insurance Expense $1,584
  • Supplies Expense $126
  • Trash Expense $500
  • Water Sewer Expense $700
  • New Taxes Expense $11,000
  • Operating Expense $15,200
  • Gross Income $4,600
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

3

Listing Details

  • Inclusions: See description
  • Property Attached: No
  • Subdivision Name Other: Lantern Village Central (LDC)
  • Supplies Expense: 126.00
  • View: Yes
  • Water Sewer Expenses: 700.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 200.00
  • Parcel Number: 68226204
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Chair Railings
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 373.46
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Ocean
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3441.00
  • Price Per Lot Square Foot: 289.54
  • Lot Size Acres: 0.0790

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1200
  • Average3 Bed Area: 3100
  • Gross Income: 4600.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1584.00
  • Lot Size Area: 3441.0000 Square Feet
  • Net Operating Income: 40000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 15200.00
  • Rent Control: No
  • Total Expenses: 15200.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Lot: 005
  • Tax Tract Number: 6798

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
09/16/2016 09/16/16 Sold $971,000 -2.5% $373 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $996,300 0.0% $383 / Sq Ft
11/15/2013 11/15/13 Rented $1,700 0.0% --
11/15/2013 11/15/13 For Rent $1,700 -- --
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 $13,214 $1,126,926 $982,477 $144,449
2024 $13,214 $1,104,830 $963,213 $141,617
2023 $12,829 $1,083,167 $944,326 $138,841
2022 $10,761 $1,061,929 $925,810 $136,119
2021 $10,554 $1,041,107 $907,657 $133,450
2020 $10,449 $1,030,432 $898,350 $132,082
2019 $10,243 $1,010,228 $880,735 $129,493
2018 $10,047 $990,420 $863,466 $126,954
2017 $9,850 $971,000 $846,535 $124,465
2016 $8,762 $777,461 $639,809 $137,652
2015 $8,682 $765,783 $630,198 $135,585
2014 $8,604 $750,783 $617,853 $132,930
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16163580

California Regional Multiple Listing Service (CRMLS)