NOT LISTED FOR SALE

Estimated Value: $707,000 - $843,000

6 Beds
4 Baths
3,038 Sq Ft
$249/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $650,000 $214 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,162/month

87 Days on Market

About This Home

As of October 2022

Excellent rental building for the investor with savvy!! Evaluate the opportunity in this Fourplex!! The current rents for units 1, 2 & 4 are low, and the seller has not increased the rents since 2017. The two upstairs units were recently renovated. Including granite countertops in the kitchen, laminate flooring, and updated bathrooms. Plus, the whole building has double-pane windows. It is centrally located on a cul-de-sac with easy access to freeways and has lots of potential. Monthly Income $4,800, Annual Gross Income 57,600, Current GRM 11.61.

Last Agent to Sell the Property

Hugo De Hoyos

Intero Real Estate Services License #01153534 Listed on: 06/10/2022

Intero Real Estate Services

Last Buyer's Agent

Octavio Padilla

eXp Realty of California Inc License #01060111

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 9,749

Home Design

  • Quadruplex
  • Rolled or Hot Mop Roof

Interior Spaces

  • 3,038 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Assigned Parking

Additional Features

  • 9,749 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $57,600

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,000
  • Utility Expense $3,000
  • Trash Expense $2,600
  • Operating Expense $18,500
  • Gross Income $56,448

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: 1103
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3038
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 3038
  • Stories: 2

Exterior Features

  • Roof: Rolled Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2238
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9750.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 11.61
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expenses Total: 18500
  • Expenses Utility: 3000
  • Expense Trash: 2600
  • Income Annual Gross: 56448.00
  • Income Annual Rental: 57600
  • Income Gross Scheduled: 57600
  • Income Includes: Rents
  • Meters: Separate Other
  • Number Of Buildings: 1
  • Tenant Expenses: Miscellaneous/Other
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2024
Sold by
Sandoval Crescencio
Bought by
Crescencio Sandoval Living Trust and Sandoval
Current Estimated Value
$757,333

Purchase Details

Listed on
Jun 10, 2022
Closed on
Oct 3, 2022
Sold by
Mejia Yanes Hugo Ernesto
Bought by
Sandoval Crescencio
Seller's Agent
Hugo De Hoyos
Intero Real Estate Services
Buyer's Agent
Octavio Padilla
eXp Realty of California Inc
List Price
$785,000
Sold Price
$650,000
Premium/Discount to List
-$135,000
-17.2%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%
Original Mortgage
$455,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2011
Sold by
Singh Saleshni D
Bought by
Yanes Hugo Ernesto Mejia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,685
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 2010
Sold by
Salni Manmohan Singh
Bought by
Singh Saleshni D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2010
Sold by
Nathan Ryan K
Bought by
Community Fund Llc

Purchase Details

Closed on
Dec 19, 2006
Sold by
Eccleston Charles E and Eccleston Mary H
Bought by
Nathan Ryan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 1996
Sold by
Brady Ronald K
Bought by
Eccleston Charles E and Eccleston Mary H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
11.75%

Purchase Details

Closed on
Sep 27, 1994
Sold by
Brady Regan B
Bought by
Brady Ronald K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crescencio Sandoval Living Trust -- None Listed On Document
Sandoval Crescencio $650,000 Orange Coast Title
Yanes Hugo Ernesto Mejia $230,000 First American Title Company
Singh Saleshni D -- Old Republic Title Company
Singh Saleshni D $205,000 Old Republic Title Company
Community Fund Llc $176,200 None Available
Nathan Ryan K $550,000 Financial Title Company
Eccleston Charles E $145,000 Old Republic Title Company
Brady Ronald K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandoval Crescencio $455,000
Previous Owner Yanes Hugo Ernesto Mejia $220,685
Previous Owner Singh Saleshni D $130,500
Previous Owner Nathan Ryan K $495,000
Previous Owner Eccleston Charles E $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $650,000 -2.8% $214 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
08/19/2022 08/19/22 Price Changed $669,000 -9.5% $220 / Sq Ft
06/22/2022 06/22/22 Price Changed $739,000 -5.9% $243 / Sq Ft
06/10/2022 06/10/22 For Sale $785,000 -- $258 / Sq Ft
Source: MLSListings

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 $14,747 $676,260 $202,878 $473,382
2024 $14,747 $663,000 $198,900 $464,100
2023 $12,703 $650,000 $195,000 $455,000
2022 $26,135 $272,218 $81,665 $190,553
2021 $6,338 $266,881 $80,064 $186,817
2020 $6,255 $264,147 $79,244 $184,903
2019 $5,726 $258,970 $77,691 $181,279
2018 $5,602 $253,894 $76,168 $177,726
2017 $5,257 $248,917 $74,675 $174,242
2016 $5,035 $244,036 $73,211 $170,825
2015 $6,298 $240,372 $72,111 $168,261
2014 $5,191 $235,664 $70,699 $164,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81895733

MLSListings

APN: 045-5419-040-02