$1,675,000
NEW CONSTRUCTION $175K PRICE DROP

Estimated payment $9,851/month

Total Views 74,384
4 Beds
2 Baths
5,012 Sq Ft
$334 Price per Sq Ft

Highlights

  • New Construction
  • No HOA
  • Central Air
  • Primary Bedroom Suite
  • Laundry Room
  • Chain Link Fence

About This Home

Exceptional investment opportunity -- brand new 2025 construction 4-unit property. Over 6.75% cap on pro-forma NOI. Both duplexes are 2-stories and all units are equipped with solar panels and tankless water heaters. flow Each unit is 4 bed / 2 bath and has its own private entrance, washer/dryer hookups, and dedicated 2 tandem parking spaces. 6 garage spaces, 2 covered spaces. Low maintenance cash flow, these units are prime for traditional rental use as well as for assisted living, hospice care, or sober living for the savvy investor. A total of 16 bedrooms and 8 bathrooms, the front units have square footage of 1,125 and 1,225 and the rear units have square footage of 1,331 and 1,331. Prime location, only a few blocks away from several schools, grocery stores, and restaurants plus proximity to the 105 and 110 freeways. Don't miss out on this opportunity!

Listing Agent

Crisanto Nevarez

Gallant Realty, Inc. License #02134366 Listed on: 06/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,543

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 5,630 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Level Lot

Parking

  • 6 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 5,012 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Utilities

  • Central Air
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 397
  • Tax Tract Number 5745
  • Assessor Parcel Number 6063020026
  • $960 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $4,010
  • Maintenance Expense $7,248
  • Professional Management Expense $9,060
  • Water Sewer Expense $4,800
  • New Taxes Expense $21,645
  • Operating Expense $55,823
  • Gross Income $172,140
  • Net Operating Income $125,377

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,543

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.78
  • Price Per Unit: 418750
  • Professional Management Expense: 9060.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4800.00
  • Zoning: LAC2
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6063020026
  • Year Built: 2025
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 334.20
  • Room Type: Primary Suite

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5630.00
  • Lot Size Acres: 0.1292

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 172140.00
  • Gross Scheduled Income: 181200.00
  • Insurance Expense: 4009.60
  • Lot Size Area: 5630.0000 Square Feet
  • Maintenance Expense: 7248.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 125377.40
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 55822.60
  • Rent Control: No
  • Total Expenses: 55822.60
  • Vacancy Allowance: 9060
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 21645.00
  • Tax Census Tract: 2408.00
  • Tax Lot: 397
  • Tax Tract Number: 5745
  • TaxOtherAnnualAssessmentAmount: 960.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,543 $743,886 $743,886 --
2024 $9,543 $729,300 $729,300 --
2023 $9,535 $715,000 $715,000 $0
2022 $4,654 $341,700 $341,700 $0
2021 $4,587 $335,000 $335,000 $0
2020 $1,616 $80,833 $79,255 $1,578
2019 $1,572 $79,249 $77,701 $1,548
2018 $1,480 $77,696 $76,178 $1,518
2016 $1,294 $74,681 $73,221 $1,460
2015 $1,275 $73,561 $72,122 $1,439
2014 $1,283 $72,121 $70,710 $1,411
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2025 08/03/25 Price Changed $1,675,000 -2.9% $334 / Sq Ft
07/12/2025 07/12/25 Price Changed $1,725,000 -2.8% $344 / Sq Ft
07/02/2025 07/02/25 Price Changed $1,775,000 -4.1% $354 / Sq Ft
06/13/2025 06/13/25 For Sale $1,850,000 +452.2% $369 / Sq Ft
07/22/2020 07/22/20 Sold $335,000 -4.0% --
04/22/2020 04/22/20 Pending -- -- --
04/07/2020 04/07/20 For Sale $349,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $713,090 Fidelity National Title
Grant Deed $335,000 Orange Coast Title Company
Grant Deed $165,000 First American Title Company
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25132951

California Regional Multiple Listing Service (CRMLS)

APN: 6063-020-026