NOT LISTED FOR SALE
2 Beds
1 Bath
4,366 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: June 30, 2014

Last sale price $960,000 $220 Per Sq Ft

3 Days on Market

Highlights

  • No Units Above
  • Central Heating
  • Carpet
  • Traditional Architecture
  • Laundry Facilities
  • Mirrored Closets Doors

About This Home

As of June 2014

Beautifully maintained fourplex in a great neighborhood. All units are townhome style. The two front units have a grass area enclosed with a white picket fence and great trees. The back units have access to another patio and some grass area. Living Rooms have a Brick fireplace with gas starter, miniblinds on windows, neutral color carpeting, one unit has has wood flooring Kitchens are spacious with cabinets painted white, Linoleum floors, electric range, dishwasher and a cozy dining area. ½ bath downstairs. Bedrooms are on second floor. One Bedroom has a walk in closet, the other Bedroom has mirrored closet doors The Upstairs Bath is Jack and Jill style with access from both bedrooms. There is a community laundry with coin operated washer and dryer. 4 Single car garages 2 Additional parking spaces that are not assigned. Units have separate gas and electric meters. All of this close to shopping, transportation and schools.

Last Agent to Sell the Property

Sylvia Garrett

First Team Real Estate License #01387006 Listed on: 06/06/2014

First Team Real Estate

Last Buyer's Agent

Sue Park-Oliver

The Realestate Group License #00816869

The Realestate Group
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,276 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Vinyl Fence
  • Redwood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,366 Sq Ft Home
  • Living Room with Fireplace
  • Leased Washer and Dryer

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Mirrored Closets Doors
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 3624
  • Assessor Parcel Number 22424202

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $1,200
  • Trash Expense $900
  • Water Sewer Expense $960
  • New Taxes Expense $10,450
  • Gross Income $5,600
  • Net Operating Income $58,580

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,276 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.07
  • Property Attached: Yes
  • Subdivision Name Other: East Gate (ESGT)
  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 22424202
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 219.88
  • Room Type: All Bedrooms Up

Exterior Features

  • Fencing: Redwood, Vinyl
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Gross Income: 5600.00
  • Gross Multiplier: 14.14
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 58580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 8620.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 10450.00
  • Tax Lot: 10
  • Tax Tract Number: 3624
  • Tax Year: 2013

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
Jun 6, 2014
Closed on
Jun 13, 2014
Sold by
Bought by
Seller's Agent
Sylvia Garrett
First Team Real Estate
Buyer's Agent
Sue Park-Oliver
The Realestate Group
List Price
$950,000
Sold Price
$960,000
Premium/Discount to List
$10,000
1.05%

Purchase Details

Closed on
Jul 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 24, 2003
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
$305,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2003
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
$305,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2003
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
$305,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2002
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
$372,000
Interest Rate
7.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2000
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
$225,000
Interest Rate
8.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$960,000 First American Title Company
-- None Available
-- --
-- Ticor Title
$890,000 Ticor Title
$465,000 American Title
$380,000 South 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
Previous Owner $305,000
Previous Owner $369,000
Previous Owner $372,000
Previous Owner $232,750
Previous Owner $225,000
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
06/30/2014 06/30/14 Sold $960,000 +1.1% $220 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $950,000 -- $218 / 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 $15,057 $1,200,358 $1,018,577 $181,781
2025 $15,057 $1,176,822 $998,605 $178,217
2024 $14,765 $1,153,748 $979,025 $174,723
2023 $14,490 $1,131,126 $959,828 $171,298
2022 $14,182 $1,108,948 $941,008 $167,940
2021 $14,033 $1,087,204 $922,556 $164,648
2020 $13,847 $1,076,057 $913,097 $162,960
2019 $13,585 $1,054,958 $895,193 $159,765
2018 $13,316 $1,034,273 $877,640 $156,633
2017 $13,134 $1,013,994 $860,432 $153,562
2016 $12,489 $994,112 $843,561 $150,551
2015 $12,316 $979,180 $830,890 $148,290
2014 $11,200 $888,354 $658,427 $229,927
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14119814

California Regional Multiple Listing Service (CRMLS)

APN: 224-242-02

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