NOT LISTED FOR SALE
10 Beds
6 Baths
11,713 Sq Ft
0.4 Acres

Last Sold October 10, 2012

Last sale price $1,550,000 $132 Per Sq Ft

262 Days on Market

Highlights

  • 0.4 Acre Lot
  • Wood Siding
  • No Heating
  • Contemporary Architecture

About This Home

As of October 2012

14 units in two buildings side by side with gated entry. Property has a great mix of units(12)2-bedroom,1-bath (2)1-bedroom,1baths and 16 enclosed garages. Property is centrally located in a high demand rental area of Orange County. It's less than 5 minutes from major employment hubs like; Disneyland, Angel's Stadium, Honda Center, and The Block of Orange shopping mall. Elementary school is located one block away and near Junior/High schools. Less than 1 mile from major fwys such as 5Fwy, 22Fwy & 57Fwy. Excellent rental area.

Last Agent to Sell the Property

Mary Kasenberg

Coldwell Banker Realty License #00523581 Listed on: 12/23/2011

Coldwell Banker Realty

Co-Listed By

Dave Bond

Coldwell Banker Realty License #01900288

Last Buyer's Agent

Shawn Luong

eXp Realty of Greater Los Angeles License #00857818

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 152x114

Parking

  • 16 Car Garage

Home Design

  • 11,713 Sq Ft Home
  • Contemporary Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 0.2
  • Tax Tract Number 3419
  • Assessor Parcel Number 13734106

Community Details

Overview

  • 2 Buildings
  • 14 Units

Building Details

  • 16 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,000
  • Gardener Expense $1,375
  • Insurance Expense $4,972
  • Other Expense $8,600
  • Pest Control $500
  • Professional Management Expense $10,000
  • Supplies Expense $318
  • Trash Expense $1,000
  • Water Sewer Expense $3,500
  • New Taxes Expense $22,000
  • Gross Income $14,725
  • Net Operating Income $110,043

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

16

Listing Details

  • Assessments: No
  • CapRate: 6.49
  • Professional Management Expense: 10000.00
  • Supplies Expense: 318.00
  • View: No
  • Water Sewer Expenses: 3500.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1375.00
  • Parcel Number: 13734106
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 132.33

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 16.00
  • Parking: No
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 500.00
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 152x114
  • Lot Size Sq Ft: 17328.00
  • Lot Size Acres: 0.3980

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 14725.00
  • Gross Multiplier: 9.45
  • Gross Scheduled Income: 179460.00
  • Insurance Expense: 4972.00
  • Lot Size Area: 17328.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 110043.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 14
  • Operating Expense: 58650.00
  • Other Expense: 8600.00
  • Other Expense Description: Maint
  • Vacancy Allowance: 10767
  • Vacancy Allowance Rate: 6.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Area: 01007
  • Tax Lot: 0.2
  • Tax Tract Number: 3419

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2012 10/10/12 Sold $1,550,000 -16.2% $132 / Sq Ft
09/10/2012 09/10/12 Pending -- -- --
12/23/2011 12/23/11 For Sale $1,850,000 -- $158 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P807224

California Regional Multiple Listing Service (CRMLS)