NOT LISTED FOR SALE
7 Beds
5 Baths
4,273 Sq Ft
10,019 Sq Ft Lot

Last Sold August 05, 2024

Last sale price $1,725,000 $404 Per Sq Ft

65 Days on Market

Highlights

  • No HOA
  • Living Room Balcony
  • Cooling System Mounted To A Wall/Window
  • Neighborhood Views
  • Double Pane Windows
  • Ceramic Countertops

About This Home

As of August 2024

This charming Covington 4-plex built in 1972 is ready for new owners. The largest unit features 3 bedrooms, 2 bathrooms, 2 car garage and 1 assigned space. There are two (2) units featuring 2 bedrooms, 2 bathrooms, a 1 car garage each plus 1 assigned space per unit. The smallest unit features 2 bedrooms, 1 bathroom, and a 1 car garage plus 1 assigned space.

Currently, each unit is graced by the presence of tenants, ensuring a steady flow of income. Revel in the individuality of each unit, boasting their own water heaters, separate gas and electrical meters, as well as wall-mounted AC units for personalized comfort. Moreover, convenience reigns supreme for tenants with washer/dryer hookups located within each garage, promising effortless laundry days. The property is conveniently located one light off the 57 FWY.
This listing is being sold "AS IS"

Last Agent to Sell the Property

Duane Van Handel

Duane Van Handel, Broker Brokerage Phone: 714-920-4997 License #00843647 Listed on: 05/07/2024

Last Buyer's Agent

Libardo Quintero

Mark 1 Real Estate, Inc. License #01793606

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 10,019 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Irregular Lot
  • Sprinkler System

Parking

  • 4 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,273 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Ceramic Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Living Room Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for ada upgrades, cable TV, electricity, gas, sewer
  • Tax Lot 28
  • Tax Tract Number 7448
  • Assessor Parcel Number 25317205
  • $1,035 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $2,800
  • Maintenance Expense $4,775
  • New Taxes Expense $21,300
  • Operating Expense $31,275
  • Gross Income $110,760
  • Net Operating Income $79,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Other Phone Description: 714--920-4997
  • Price Per Unit: 443750
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 25317205
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceramic Counters, Formica Counters, Living Room Balcony, Tile Counters, Unfurnished
  • Stories: 2
  • Entry Location: 1210
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 403.70
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Cooktop, Range Hood
  • Electric: Standard
  • Heating Type: Forced Air, Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Irregular Lot, Sprinkler System
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300
  • Latitude Manual: 33.81689900

Rental Info

  • Tenant Pays: ADA Upgrades, Cable TV, Electricity, Gas, Other, Sewer

Multi Family

  • Gross Income: 110760.00
  • Gross Operating Income: 110760.00
  • Gross Scheduled Income: 110760.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 10019.0000 Square Feet
  • Maintenance Expense: 4775.00
  • Net Operating Income: 79485.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 31275.00
  • Rent Control: Yes
  • Total Actual Rent: 9230.00
  • Total Expenses: 31275.00

Tax Info

  • New Taxes Expense: 21300.00
  • Tax Census Tract: 863.03
  • Tax Lot: 28
  • Tax Tract Number: 7448
  • TaxOtherAnnualAssessmentAmount: 1035.44

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 Change Sq Ft Price
08/05/2024 08/05/24 Sold $1,725,000 -2.8% $404 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $1,775,000 +77.6% $415 / Sq Ft
06/05/2013 06/05/13 Sold $999,500 -9.1% $234 / Sq Ft
05/11/2013 05/11/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $1,100,000 -- $257 / 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: OC24073003

California Regional Multiple Listing Service (CRMLS)

APN: 253-172-05