NOT LISTED FOR SALE

1051 Bonita St Tustin, CA 92780

Estimated Value: $1,466,000 - $3,861,000

10 Beds
10 Baths
5,010 Sq Ft
$532/Sq Ft Est. Value

Last Sold July 06, 2018

Last sale price $2,250,000 $449 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,941/month

16 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Balcony
  • No Units Above
  • No HOA
  • 6 Car Direct Access Garage

About This Home

As of July 2018

Brand new construction that was recently completed in January 2018; The Kufa Luxury Townhomes are residences designed to make the everyday extraordinary! Located in a quiet neighborhood, these 4 units are nestled in a quaint area of Tustin; next to shopping centers, restaurants and boutiques. Walking distance to all that Old Town Tustin has to offer! Conveniently located near schools, parks and easily accessible to the 55 and 5 FWYS. This pride of ownership property is equipped with two separate structures; divided by a lovely manicured garden inbetween for the tenant's enjoyment. Each townhome is beautifully upgraded with hardwood floors, crown molding, and each unit has a fully equipped kitchen which includes granite countertops, stainless steel appliances and it's own fridge. All four townhomes also have their own attached garage, AC, tankless water heater, and lots of storage space. Be sure to watch the video and 3D tour of property; you'll be very IMPRESSED to see what you'll be buying! Setup worksheet will be provided upon request; GREAT INVESTMENT with a 5% Cap Rate! NOTE: City has granted permission to the owner with the option of parceling off each townhome and sell individually. Great upside potential for the new owner if they choose to do that anytime in the future! Additional fee and details regarding said matter can be provided upon request.

Last Agent to Sell the Property

Ramzi Ataya

Engel & Völkers Newport Beach License #01265136 Listed on: 05/17/2018

Engel & Völkers Newport Beach

Last Buyer's Agent

Ramzi Ataya

Engel & Völkers Newport Beach License #01265136 Listed on: 05/17/2018

Engel & Völkers Newport Beach

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 7,908 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Vinyl Fence
  • Level Lot
  • Sprinklers on Timer
  • Garden
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Direct Access Garage
  • 2 Attached Carport Spaces
  • Driveway Level
  • On-Street Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof

Interior Spaces

  • 5,010 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Windows
  • Window Screens
  • Termite Clearance

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 18
  • Tax Tract Number 465
  • Assessor Parcel Number 50015205

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Maintenance Expense $1,446
  • Trash Expense $1,680
  • Water Sewer Expense $660
  • New Taxes Expense $23,100
  • Operating Expense $28,986
  • Gross Income $144,600
  • Net Operating Income $111,276

Property Details

Home Type

Multi-Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 5.06
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 660.00
  • New Construction: Yes
  • Property Condition: Termite Clearance, Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 50015205
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 449.10
  • Window Features: Double Pane Windows, Insulated Windows, Screens

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Parking Features: Attached Carport, Direct Garage Access, Concrete, Driveway Level, Garage, Street
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1680.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Garden, Level, Sprinkler System, Sprinklers Timer
  • Lot Size Sq Ft: 7908.00

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 1152 Square Feet
  • Average3 Bed Area: 1353 Square Feet
  • Gross Income: 144600.00
  • Gross Multiplier: 15.21
  • Gross Operating Income: 140262.00
  • Gross Scheduled Income: 144600.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 1446.00
  • Maintenance Percent: 1.00
  • Net Operating Income: 111276.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 28986.00
  • Operating Expense Percent: 20.67
  • Rent Control: No
  • Total Actual Rent: 12050.00
  • Total Expenses: 28986.00
  • Vacancy Allowance: 4338
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 23100.00
  • Tax Lot: 18
  • Tax Tract Number: 465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2018
Closed on
Aug 30, 2018
Sold by
Chun Joseph D
Bought by
Jlgm Llc
Seller's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
Buyer's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
List Price
$2,199,000
Sold Price
$2,250,000
Premium/Discount to List
$51,000
2.32%
Current Estimated Value
$2,663,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,500
Avg. Annual Appreciation
2.33%
Original Mortgage
$1,121,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Aug 18, 2018
Sold by
Chun Lydia
Bought by
Dunn Joseph D
Seller's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
Buyer's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
List Price
$2,199,000
Sold Price
$2,250,000
Premium/Discount to List
$51,000
2.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Aug 16, 2018
Sold by
Herin Chun Lydia and Herin In Grantee
Bought by
Chun Joseph D
Seller's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
Buyer's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
List Price
$2,199,000
Sold Price
$2,250,000
Premium/Discount to List
$51,000
2.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 6, 2018
Sold by
Goliath Financial And Management Llc
Bought by
Jlgm Llc
Seller's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
Buyer's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
List Price
$2,199,000
Sold Price
$2,250,000
Premium/Discount to List
$51,000
2.32%

Purchase Details

Listed on
May 26, 2014
Closed on
Jun 13, 2014
Sold by
Mason Ann Marie
Bought by
Goliath Financial & Management Llc
Seller's Agent
Martin Uribe
First Team Real Estate
Buyer's Agent
Cynthia Imani
Premier Agent Network Inc.
List Price
$645,000
Sold Price
$611,500
Premium/Discount to List
-$33,500
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.50%

Purchase Details

Closed on
Jun 11, 2002
Sold by
Mason Robert Henry and Mason Marie Ellen
Bought by
Mason Robert Henry and Mason Marie Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 3, 2002
Sold by
Mason Robert Henry and Mason Marie Ellen
Bought by
Mason Robert Henry and Mason Marie Ellen
Source: Public Records

Range of Values:

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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
Jlgm Llc -- None Available
Dunn Joseph D -- First American Title Co
Chun Joseph D -- First American Title Co
Chun Jospeh D -- First American Title Co
Chun Joseph D -- First American Title Co
Jlgm Llc $2,250,000 Western Resources Title Co
Goliath Financial & Management Llc $611,500 Western Resources Title Co
Mason Robert Henry -- North American Title Co
Mason Robert Henry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chun Joseph D $1,121,000
Previous Owner Mason Robert Henry $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2018 07/06/18 Sold $2,250,000 +2.3% $449 / Sq Ft
06/02/2018 06/02/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $2,199,000 +259.6% $439 / Sq Ft
07/07/2014 07/07/14 Sold $611,500 -5.2% $278 / Sq Ft View Prior Sale
07/03/2014 07/03/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $645,000 -- $293 / 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 -- -- -- --
2024 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $13,151 $1,194,470 $550,739 $643,731
2017 $0 $750,632 $539,941 $210,691
2016 $7,901 $620,825 $529,354 $91,471
2015 $7,382 $611,500 $521,402 $90,098
2014 $1,498 $68,609 $18,687 $49,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18116113

California Regional Multiple Listing Service (CRMLS)

APN: 500-152-30