NOT LISTED FOR SALE

Estimated Value: $580,000 - $659,000

4 Beds
3 Baths
1,539 Sq Ft
$392/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $369,000 $240 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,579/month

38 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Parking Storage or Cabinetry

About This Home

As of January 2021

Great Location, Gated building, long time tenants. Seller has just added cabinets in Carports for extra storage.
Each unit has it's own Laundry area. Large lot- more room to park cars or, make a little play area.
Upside Potential for the right Investor. Currently there is Storage Container to help Tenants store things.
Each unit has Wall A/C and Heater. Tenants pay for Gas and Electric. Owner pays for Water-Sewer and Trash.

Last Agent to Sell the Property

Nita Desai

Coldwell Banker Realty License #00854627 Listed on: 10/22/2020

Coldwell Banker Realty

Last Buyer's Agent

Maria Limas

PONCE & PONCE REALTY, INC License #02059030

PONCE & PONCE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,041

Year Built

  • Built in 1979

Lot Details

  • 6,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,539 Sq Ft Home
  • Entryway

Kitchen

  • Gas Range
  • Free-Standing Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Car Garage
  • 3 Open Parking Spaces
  • 3 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Doors are 32 inches wide or more
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 4
  • Tax Tract Number 12
  • Assessor Parcel Number 0140104230000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $1,020
  • Water Sewer Expense $1,210
  • New Taxes Expense $3,549
  • Operating Expense $2,232
  • Gross Income $29,800
  • Net Operating Income $27,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,041

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1210.00
  • Property Type: Residential Income
  • Parcel Number: 0140104230000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: Yes
  • Price Per Square Foot: 239.77
  • Room Type: Entry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1377

Multi Family

  • Gross Income: 29800.00
  • Gross Multiplier: 12.30
  • Gross Scheduled Income: 29800.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6000.0000 Square Feet
  • Net Operating Income: 27528.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2232.00
  • Rent Control: No
  • Total Expenses: 2232.00

Tax Info

  • New Taxes Expense: 3549.00
  • Tax Block: 4
  • Tax Census Tract: 56.00
  • Tax Lot: 10
  • Tax Tract Number: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Nov 16, 2020
Sold by
Springer Charles W
Bought by
Hussain Faraz
Seller's Agent
Nita Desai
Coldwell Banker Realty
Buyer's Agent
Maria Limas
PONCE & PONCE REALTY, INC
List Price
$369,000
Sold Price
$369,000
Current Estimated Value
$603,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,555
Avg. Annual Appreciation
10.79%
Original Mortgage
$295,200
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2016
Sold by
Springer Christina Margaret
Bought by
Springer Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2004
Sold by
Horner Fred P and Horner Leah M
Bought by
Springer Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2003
Sold by
Horner Fred P and Horner Leah M
Bought by
Horner Fred P and Horner Leah M

Purchase Details

Closed on
Dec 12, 2002
Sold by
Horner Fred P and Horner Leah M
Bought by
Horner Fred P and Horner Leah M

Purchase Details

Closed on
Sep 6, 2001
Sold by
T I C Corp
Bought by
Horner Fred P and Horner Leah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,050
Interest Rate
6.91%

Purchase Details

Closed on
Jun 12, 2001
Sold by
Household Bank Fsb
Bought by
Tic Corp

Purchase Details

Closed on
Mar 30, 2001
Sold by
Glass Tracy D
Bought by
Household Bank Fsb

Purchase Details

Closed on
Apr 19, 1999
Sold by
Blue Diamond Unlimited Inc
Bought by
Glass Tracy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.01%

Purchase Details

Closed on
Nov 17, 1998
Sold by
Prudhomme Hilda M
Bought by
Prudhomme Lester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
6.84%

Purchase Details

Closed on
Sep 23, 1998
Sold by
Hud
Bought by
Prudhomme Lester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
6.84%

Purchase Details

Closed on
Jul 3, 1997
Sold by
Midfirst Bank
Bought by
Hud

Purchase Details

Closed on
May 14, 1997
Sold by
Montiel Robert Anthony
Bought by
Midfirst Bank and Midfirst Bank State Svgs Bank

Purchase Details

Closed on
Jul 2, 1996
Sold by
Griffiths Gary P and Griffiths Doreen Lynn
Bought by
Ramirez Alfred J and Ramirez Lorraine J
Source: Public Records

Range of Values:

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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
Hussain Faraz $369,000 Synrgo
Springer Charles W -- Stewart Title Of California
Springer Charles W $205,000 Orange Coast Title Company
Horner Fred P -- --
Horner Fred P -- --
Horner Fred P $114,500 Orange Coast Title
Tic Corp $66,000 Orange Coast Title
Household Bank Fsb $66,111 North American Title Co
Glass Tracy D $125,000 American Title
Blue Diamond Unlimited Inc -- American Title
Prudhomme Lester -- Stewart Title
Prudhomme Lester $56,000 Stewart Title Company
Hud -- United Title Company
Midfirst Bank $121,501 United Title Company
Ramirez Alfred J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hussain Faraz $295,200
Previous Owner Springer Charles W $141,000
Previous Owner Springer Charles W $164,000
Previous Owner Horner Fred P $103,050
Previous Owner Glass Tracy D $112,500
Previous Owner Prudhomme Lester $72,500
Closed Springer Charles W $20,295
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $369,000 0.0% $240 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $369,000 -- $240 / 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 $5,041 $399,419 $81,183 $318,236
2024 $5,041 $391,587 $79,591 $311,996
2023 $4,915 $383,908 $78,030 $305,878
2022 $4,925 $376,380 $76,500 $299,880
2021 $3,647 $269,271 $26,270 $243,001
2020 $3,657 $266,510 $26,001 $240,509
2019 $3,548 $261,284 $25,491 $235,793
2018 $3,508 $256,161 $24,991 $231,170
2017 $3,400 $251,138 $24,501 $226,637
2016 $3,298 $246,214 $24,021 $222,193
2015 $3,209 $242,515 $23,660 $218,855
2014 $3,120 $237,765 $23,197 $214,568
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20208535

California Regional Multiple Listing Service (CRMLS)

APN: 0140-104-23