NOT LISTED FOR SALE
3 Beds
3 Baths
15,360 Sq Ft
1.01 Acres

Last Sold September 06, 2019

Last sale price $2,080,000 $135 Per Sq Ft

11 Days on Market

Highlights

  • 1.01 Acre Lot
  • Hiking Trails
  • Laundry Room
  • Community Lake
  • Park
  • Central Heating and Cooling System

About This Home

As of September 2019

Perfect investment opportunity to own 18 units, 6 One bedroom / One bathroom, and 12 Two Bedroom / Two bathroom units, 18 single car garages, plus ample parking within the gated complex. Property is located only minutes from Interstate 14. Retail stores are close by making this a very desirable location. Each unit has its own laundry area, AC, Living room, and breakfast area.

Last Agent to Sell the Property

Darel Rosen

First Team Real Estate License #01301108 Listed on: 07/17/2019

First Team Real Estate

Last Buyer's Agent

Darel Rosen

First Team Real Estate License #01301108 Listed on: 07/17/2019

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 1.01 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 18 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 15,360 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Legal Lot and Block 25 / T6N
  • Tax Tract Number 15688
  • Assessor Parcel Number 3015002021

Community Details

Overview

  • 4 Buildings
  • 18 Units
  • Community Lake
  • Property is near a preserve or public land

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 18 Separate Gas Meters
  • Electric Expense $420
  • Insurance Expense $7,000
  • Professional Management Expense $16,800
  • Trash Expense $2,532
  • Water Sewer Expense $4,140
  • New Taxes Expense $23,163
  • Operating Expense $49,915
  • Gross Income $3,600
  • Net Operating Income $204,725

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

18

Listing Details

  • Professional Management Expense: 16800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4140.00
  • Zoning: PDR3*
  • Property Type: Residential Income
  • Parcel Number: 3015002021
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 135.42

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 2532.00
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Hiking, Gutters, Lake, Park, Preserve/Public Land, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 44043.00
  • Lot Size Acres: 1.0111

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Average1 Bed Area: 6 Square Feet
  • Average2 Bed Area: 12 Square Feet
  • Electric Expense: 420.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 258780.00
  • Insurance Expense: 7000.00
  • Lot Size Area: 44043.0000 Square Feet
  • Net Operating Income: 204725.00
  • Number Of Separate Gas Meters: 18
  • Number Of Units Total: 18
  • Operating Expense: 16800.00
  • Rent Control: No
  • Total Expenses: 49915.00

Tax Info

  • New Taxes Expense: 23163.00
  • Tax Block: T6N
  • Tax Census Tract: 9105.01
  • Tax Lot: 25
  • Tax Tract Number: 15688

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2019 09/06/19 Sold $2,080,000 0.0% $135 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
07/24/2019 07/24/19 Off Market $2,080,000 -- --
07/17/2019 07/17/19 For Sale $2,059,000 -- $134 / 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 $37,586 $2,274,779 $344,496 $1,930,283
2024 $37,586 $2,230,177 $337,742 $1,892,435
2023 $37,284 $2,186,449 $331,120 $1,855,329
2022 $35,953 $2,143,578 $324,628 $1,818,950
2021 $35,242 $2,101,548 $318,263 $1,783,285
2020 $34,699 $2,080,000 $315,000 $1,765,000
2019 $26,896 $1,406,100 $212,241 $1,193,859
2018 $26,552 $1,378,530 $208,080 $1,170,450
2016 $24,861 $1,325,000 $200,000 $1,125,000
2015 $19,726 $873,682 $138,581 $735,101
2014 $19,553 $856,569 $135,867 $720,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19170513

California Regional Multiple Listing Service (CRMLS)