NOT LISTED FOR SALE

Estimated Value: $900,000 - $1,052,322

7 Beds
3 Baths
2,587 Sq Ft
$388/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $939,000 $363 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,737/month

75 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 1-Story Property
  • Laundry Room

About This Home

As of July 2021

Beautifully remodeled three separate houses on one lot, one unit is not occupied. Fully gated with remote control for ingress and egress, unit #1 is a 2bed/1bath tenant occupied $2000 per month, unit #2 is 2bed/1bath and unit #3 is a 3bed/1b and it's tenant occupied $2,000 per month. Property features a long driveway, 2 parking spaces per unit, led lights in most areas, new lights and outlets inside and out, NEW ELECTRICAL PANELS and upgraded wiring, COPPER PLUMBING upgrades, NEW DRYWALL in most areas, NEW DUAL PANE WINDOWS, NEW DOORS, NEW FLOORING, NEW WATER VALVES, NEW GAS SHUT OFF VALVES, new wood and brick fence, new front sliding iron fence, laundry on back unit, all units feature a yard, kitchens have been remodeled with granite counter tops and new cabinetry, bathrooms have new toilets, sinks, showers and more, much more! *Back unit's kitchen was updated but not extensively remodeled and very clean. Back unit's 3rd bedroom resulted from adding a wall to partition, no SQFT added as stated by current owner. All information provided is deemed reliable but it is not guaranteed. PER PUBLIC RECORDS ONE UNIT WAS BUILT IN 1921 SECOND UNIT WAS BUILT IN 1954 AND THIRD UNIT WAS BUILT IN 1958. Total parking spaces 10 including tandum parking.

Last Listed By

Manuel Saravia

Citihome License #01104654 Listed on: 04/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,492

Year Built

  • Built in 1921

Lot Details

  • 9,413 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,587 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 6001
  • Assessor Parcel Number 6056003042

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $320
  • Insurance Expense $1,250
  • Maintenance Expense $1,500
  • Trash Expense $450
  • Water Sewer Expense $3,600
  • New Taxes Expense $8,125
  • Operating Expense $15,446
  • Gross Income $72,000
  • Net Operating Income $56,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,492

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LCR320U*
  • Property Type: Residential Income
  • Parcel Number: 6056003042
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 362.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9413.00
  • Lot Size Acres: 0.2161

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 320.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 9413.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 56554.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 15446.00
  • Rent Control: Yes
  • Total Expenses: 15446.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Census Tract: 6001.00
  • Tax Lot: 14
  • Tax Tract Number: 6001.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
Jul 7, 2021
Sold by
Amaya Oscar
Bought by
Vando Tam and Hoang Christina P
Seller's Agent
Manuel Saravia
Citihome
Buyer's Agent
Cong Nguyen
Citihome
List Price
$949,000
Sold Price
$939,000
Premium/Discount to List
-$10,000
-1.05%
Total Days on Market
75
Current Estimated Value
$1,002,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,831
Avg. Annual Appreciation
2.90%

Purchase Details

Closed on
Jul 18, 2019
Sold by
Longfellow Llc
Bought by
Amaya Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2018
Sold by
Evander Bridget and Estate Of Herschel O Pendleton
Bought by
Longfellow Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4%
Mortgage Type
Commercial

Range of Values:

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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
Vando Tam $939,000 Fidelity Natl Ttl Orange Cnt
Amaya Oscar $650,000 Chicago Title Company
Longfellow Llc $400,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tam And Christina Trust $665,000
Previous Owner Amaya Oscar $500,000
Previous Owner Amaya Oscar H $425,000
Previous Owner Amaya Oscar $425,000
Previous Owner Longfellow Llc $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $939,000 -1.1% $363 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $949,000 0.0% $367 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $949,000 -- $367 / 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 $13,492 $976,935 $832,320 $144,615
2023 $13,016 $957,780 $816,000 $141,780
2022 $12,420 $939,000 $800,000 $139,000
2021 $9,234 $656,734 $606,216 $50,518
2020 $9,301 $650,000 $600,000 $50,000
2019 $2,248 $56,213 $22,828 $33,385
2018 $2,054 $55,112 $22,381 $32,731
2016 $1,936 $52,974 $21,513 $31,461
2015 $1,916 $52,179 $21,190 $30,989
2014 $1,932 $51,157 $20,775 $30,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21074806

California Regional Multiple Listing Service (CRMLS)

APN: 6056-003-042