NOT LISTED FOR SALE
8 Beds
4 Baths
3,535 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: May 15, 2014

Last sale price $765,000 $216 Per Sq Ft

67 Days on Market

Highlights

  • Laundry Facilities
  • Hansen Elementary School Rated 9+
  • Carpet

About This Home

As of May 2014

Great Opportunity!! The tenants have been there for many years. One unit is 3 bedrooms, 2 units are 2 bedrooms and one unit is 1 bedroom and they all have 1 bathroom each. One 2 bedroom unit has a cozy fireplace for those cold winter nights. Each unit has their own separate gas and electric meters. A separate laundry room has coin operated washer and dryer. There are two 2 car garages and one 1 car garage with newer garage doors. Automatic sprinklers in the front yard. Income and expense information has been updated with the most recent (2013) data per sellers.

Last Agent to Sell the Property

Mary Sanchez

My Realty License #01395644 Listed on: 02/08/2014

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,535 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 4624
  • Assessor Parcel Number 07923123

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $512
  • Insurance Expense $1,552
  • Trash Expense $1,500
  • Water Sewer Expense $3,560
  • New Taxes Expense $8,410
  • Gross Income $5,100
  • Net Operating Income $44,284

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,970 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 5.64
  • Property Attached: Yes
  • Water Sewer Expenses: 3560.00
  • Property Type: Residential Income
  • Parcel Number: 07923123
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 216.41

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 512.00
  • Gross Income: 5100.00
  • Gross Multiplier: 12.83
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1552.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 44284.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 16916.00
  • Rent Control: No
  • Total Actual Rent: 5020.00

Tax Info

  • New Taxes Expense: 8410.00
  • Tax Lot: 6
  • Tax Tract Number: 4624
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2018
Sold by
Bought by

Purchase Details

Listed on
Feb 8, 2014
Closed on
Apr 29, 2014
Sold by
Bought by
Seller's Agent
Mary Sanchez
My Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$785,000
Sold Price
$765,000
Premium/Discount to List
-$20,000
-2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,750
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.46%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 2, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$765,000 Old Republic Title Company
$850,000 Southland Title Corporation
$330,000 Orange Coast Title Company
-- South Coast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $572,000
Closed $573,750
Previous Owner $620,620
Previous Owner $640,000
Previous Owner $680,000
Previous Owner $560,000
Previous Owner $55,000
Previous Owner $140,000
Previous Owner $264,000
Previous Owner $208,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2014 05/15/14 Sold $765,000 -2.5% $216 / Sq Ft
04/16/2014 04/16/14 Pending -- -- --
02/08/2014 02/08/14 For Sale $785,000 -- $222 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,229 $956,534 $819,119 $137,415
2025 $11,659 $937,779 $803,058 $134,721
2024 $11,659 $919,392 $787,312 $132,080
2023 $11,367 $901,365 $771,874 $129,491
2022 $11,146 $883,692 $756,740 $126,952
2021 $11,245 $866,365 $741,902 $124,463
2020 $11,091 $857,482 $734,295 $123,187
2019 $10,796 $840,669 $719,897 $120,772
2018 $10,645 $824,186 $705,782 $118,404
2017 $10,287 $808,026 $691,943 $116,083
2016 $10,245 $792,183 $678,376 $113,807
2015 $10,126 $780,284 $668,186 $112,098
2014 $9,801 $780,000 $675,177 $104,823
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14028568

California Regional Multiple Listing Service (CRMLS)

APN: 079-231-23

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