NOT LISTED FOR SALE
10 Beds
10 Baths
5,952 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: December 27, 2017

Last sale price $2,778,750 $467 Per Sq Ft

101 Days on Market

Highlights

  • 14,810 Sq Ft lot
  • No HOA
  • Laundry Facilities
  • Property is near public transit
  • Neighborhood Views
  • Wrought Iron Fence

About This Home

As of December 2017

SVN Vanguard is pleased to present The Cottages at Olive. This beautiful multifamily residential community is located in the Anaheim Colony Historic District. It consists of six bungalow-style duplex buildings with tree-lined central courtyard. Each duplex consists of 2 one bedroom, one bathroom units. Built in 1922, the property offers vintage charm and thoughtful modern amenities that include 10 individual single car garages, laundry facilities, new roofs and air conditioners.

PUBLIC NOTICE OF SALE -

ON MONDAY, NOVEMBER 27, 2017 AT 8:45 A.M. AT THE SUPERIOR COURT OF CALIFORNIA, COUNTY OF ORANGE, SANTA ANA COURTHOUSE, DEPT C17, 700 CIVIC CENTER DRIVE WEST, SANTA ANA, CA 92701; THE PROPERTY LOCATED AT 116-118 S. OLIVE STREET, ANAHEIM, CA 92701 WITH THE FOLLOWING LEGAL DESCRIPTION:

LOTS 6 AND 7 OF TRACT NO. 303, IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF CALIFORNIA AS PER MAP RECORDED IN BOOK 15, PAGE 20 OF MISCELLANEOUS MAPS, RECORDS OF SAID ORANGE COUNTY.
APN: 037-102-24 (Affects Lot 7)
037-102-25 (Affects Lot 6).

WILL BE SOLD BY WAY OF A COURT CONFIRMATION AND OVERBID HEARING. THE OPENING BID WILL BE AT $2,918,187.50 AND BUYERS MUST BE PREQUALIFIED PRIOR TO THE HEARING. SEE SHOWING INFORMATION TO CONTACT THE RECEIVER FOR ADDITIONAL DETAILS. THIS NOTICE IS GIVEN PURSUANT TO C.C.P. 568.5. SEE SUPPLEMENTS FOR ADDITIONAL INFORMATION

Last Agent to Sell the Property

Cameron Irons

SVN / Vanguard License #01176224 Listed on: 07/17/2017

SVN / Vanguard

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 14,810 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • 037-102-25

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 5,952 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6-7
  • Tax Tract Number 303
  • Assessor Parcel Number 03710224

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,400
  • Gardener Expense $3,600
  • Insurance Expense $2,976
  • Maintenance Expense $4,800
  • Other Expense $4,188
  • Pest Control $660
  • Professional Management Expense $10,470
  • New Taxes Expense $32,400
  • Operating Expense $68,175
  • Gross Income $229,680
  • Net Operating Income $161,505

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0.34 Acres

Parking

10

Listing Details

  • Assessments: Yes
  • CapRate: 5.20
  • Professional Management Expense: 10470.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • View: Yes
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 03710224
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 466.86

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 660.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 037-102-25
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 14810.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Electric Expense: 8400.00
  • Gross Income: 229680.00
  • Gross Multiplier: 13.10
  • Gross Scheduled Income: 229680.00
  • Insurance Expense: 2976.00
  • Maintenance Expense: 4800.00
  • Net Operating Income: 161505.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 12
  • Operating Expense: 68175.00
  • Other Expense: 4188.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 172776.00
  • Total Expenses: 68175.00

Tax Info

  • New Taxes Expense: 32400.00
  • Tax Lot: 6-7
  • Tax Tract Number: 303

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2017
Closed on
Dec 13, 2017
Sold by
Bought by
Seller's Agent
Cameron Irons
SVN / Vanguard
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,998,888
Sold Price
$2,778,750
Premium/Discount to List
-$220,138
-7.34%

Purchase Details

Closed on
Feb 28, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.41%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 1, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in The Colony, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,779,000 First American Title Ins Co
-- Investors Title Company
-- Investors Title Company
-- Orange Coast Title Company
-- Orange Coast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,970,000
Closed $1,970,000
Previous Owner $1,400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/27/2017 12/27/17 Sold $2,778,750 -7.3% $467 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $2,998,888 -- $504 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,368 $940,506 $658,353 $282,153
2025 $12,368 $941,817 $659,271 $282,546
2024 $10,802 $836,262 $585,384 $250,878
2023 $11,846 $936,690 $655,683 $281,007
2022 $15,546 $1,266,939 $886,857 $380,082
2021 $12,256 $950,000 $665,001 $284,999
2020 $12,303 $949,239 $664,467 $284,772
2019 $11,240 $867,060 $606,942 $260,118
2018 $10,452 $800,000 $560,000 $240,000
2017 $6,982 $570,000 $569,093 $907
2016 $6,360 $505,179 $353,625 $151,554
2015 $5,729 $446,734 $312,714 $134,020
2014 $5,760 $472,461 $330,723 $141,738
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17162551

California Regional Multiple Listing Service (CRMLS)

APN: 037-102-25

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