NOT LISTED FOR SALE
Studio
-- Bath
6,740 Sq Ft
8,538 Sq Ft Lot

Last Sold January 28, 2016

Last sale price $2,560,000 $380 Per Sq Ft

95 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Washer and Dryer
  • Terra Nova High School Rated A-
  • Coin Laundry
  • Level Lot

About This Home

As of January 2016

1st time on market in 31 years. Great unit mix with two 3 bed 1 bath units; four 2 bed 1 bath units; two 1 bed 1 bath units and 1 studio. Most units have been renovated. Lots of upside for income. Excellent and relaxed Sharp Park location near the beach, shopping and transportation. Excellent investment opportunity with lots of upside.

Last Agent to Sell the Property

Mark Benson

Mark Benson,Broker License #00523978 Listed on: 06/22/2015

Last Buyer's Agent

Mark Benson

Mark Benson,Broker License #00523978 Listed on: 06/22/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 8,538 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • 6 Carport Spaces
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,740 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Ocean Views
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Cooktop

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $171,900

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 9 Leased Units
  • Insurance Expense $3,528
  • Manager Expense $1,200
  • Utility Expense $3,732
  • Trash Expense $6,336
  • Operating Expense $29,279
  • Gross Income $171,900

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

1

Listing Details

  • Zoning: R30000
  • Subclass: Multiple Dwellings / Structures
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6740
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Cooktop - Gas, Oven Range - Gas
  • Living Sq Ft: 6740
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Wood Frame
  • Roof: Tar And Gravel
  • View: Ocean
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Covered Parking, Off-Street Parking
  • Carport Min: 6

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Drainage - Public Storage, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1960
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8540.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8540.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 15.62
  • Number Of Leased: 9

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3528
  • Expense Management: 1200
  • Expenses Total: 29279
  • Expenses Utility: 3732
  • Expense Trash: 6336
  • Income Annual Gross: 171900.00
  • Income Annual Rental: 171900
  • Income Gross Scheduled: 171900
  • Income Includes: Laundry, Parking
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
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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
01/28/2016 01/28/16 Sold $2,560,000 -4.7% $380 / Sq Ft
09/25/2015 09/25/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $2,685,000 -- $398 / Sq Ft
Source: MLSListings

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 $6,222 $3,030,516 $1,065,414 $1,965,102
2023 $6,222 $2,912,840 $1,024,044 $1,888,796
2022 $8,023 $2,855,726 $1,003,965 $1,851,761
2021 $7,244 $2,799,732 $984,280 $1,815,452
2020 $13,329 $2,771,025 $974,188 $1,796,837
2019 $11,597 $2,716,692 $955,087 $1,761,605
2018 $17,255 $2,663,424 $936,360 $1,727,064
2017 $6,129 $2,611,200 $918,000 $1,693,200
2016 $13,841 $740,177 $218,683 $521,494
2015 $14,905 $729,060 $215,399 $513,661
2014 $14,483 $714,780 $211,180 $503,600
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81471662

MLSListings