NOT LISTED FOR SALE

Estimated Value: $603,762 - $719,000

3 Beds
2 Baths
1,117 Sq Ft
$581/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $466,000 $417 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,149/month

10 Days on Market

Highlights

  • RV Access or Parking
  • Contemporary Architecture
  • Laundry Room
  • Western High School Rated A-
  • No HOA
  • 3-minute walk to Veterans Memorial Park

About This Home

As of February 2021

2 Separate Houses on a lot in the Heart of Orange County. 2 Bed 1 bath home in front and 1/1 house in back with private parking access. Perfect for owner user or investment. 5.4% CAP. Upside in Rental Income. With modern improvements added, could be 6% CAP. Rear Home is ready to occupy with new stove and freshly painted. Amazing Value! 738 sqft for front home and 379 sqft for back house.

Last Agent to Sell the Property

Adam Alcaraz

Coldwell Banker Realty License #01225657 Listed on: 10/28/2020

Coldwell Banker Realty

Last Buyer's Agent

Jenny Vu

Coldwell Banker Realty License #01794569

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,091

Year Built

  • Built in 1933

Lot Details

  • 3,441 Sq Ft Lot
  • West Facing Home
  • Wood Fence
  • Block Wall Fence
  • Level Lot
  • Front Yard

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,117 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • RV Access or Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 3 / 20
  • Tax Tract Number 123
  • Assessor Parcel Number 07935105

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,091

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.40
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 07935105
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 417.19

Exterior Features

  • Direction Faces: West
  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Paved, RV Access/Parking
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 3441.00
  • Lot Size Acres: 0.0790

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 3441.0000 Square Feet
  • Net Operating Income: 25550.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 6900.00
  • Rent Control: No
  • Total Expenses: 6900.00
  • Vacancy Allowance: 750
  • Vacancy Allowance Rate: 2.50

Tax Info

  • New Taxes Expense: 5900.00
  • Tax Block: 20
  • Tax Census Tract: 878.02
  • Tax Lot: 3
  • Tax Tract Number: 123

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Dec 22, 2020
Sold by
Correa Johnny and Correa Marcelino
Bought by
Nguyen David and Nguyen Tammy
Seller's Agent
Adam Alcaraz
Coldwell Banker Realty
Buyer's Agent
Jenny Vu
Coldwell Banker Realty
List Price
$465,000
Sold Price
$466,000
Premium/Discount to List
$1,000
0.22%
Total Days on Market
10
Current Estimated Value
$648,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,691
Avg. Annual Appreciation
7.92%
Original Mortgage
$364,000
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2020
Sold by
Correa Mary
Bought by
Correa Johnny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
2.67%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Nguyen David $460,000 Orange Coast Title Of So Cal
Correa Johnny -- Orange Coast Ttl Co Of Socal
Wood Theresa -- Orange Coast Title Company
Fernandez Rebecca -- Orange Coast Title Of So Cal
Huerta Kristen -- Orange Coast Ttl Co Of Socal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen David $370,000
Closed Nguyen David $364,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $466,000 +0.2% $417 / Sq Ft
11/07/2020 11/07/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $465,000 -- $416 / 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
2024 $6,091 $488,155 $457,816 $30,339
2023 $5,937 $478,584 $448,839 $29,745
2022 $5,821 $469,200 $440,038 $29,162
2021 $1,435 $71,855 $56,304 $15,551
2020 $853 $21,829 $8,437 $13,392
2019 $843 $21,401 $8,271 $13,130
2018 $832 $20,982 $8,109 $12,873
2017 $815 $20,571 $7,950 $12,621
2016 $808 $20,168 $7,794 $12,374
2015 $798 $19,866 $7,677 $12,189
2014 $778 $19,477 $7,526 $11,951
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20227479

California Regional Multiple Listing Service (CRMLS)

APN: 079-351-05