NOT LISTED FOR SALE

Estimated Value: $1,497,000 - $1,745,000

9 Beds
5 Baths
4,216 Sq Ft
$384/Sq Ft Est. Value

Sale Details

Date Sold: June 18, 2024

Last sale price $1,600,000 $380 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $9,056 / mo

53 Days on Market

Highlights

  • Property is near park
  • Living Room with Attached Deck
  • No HOA
  • Granada Middle School Rated 9+
  • Corner Lot
  • Double Pane Windows

About This Home

As of June 2024

First time on the market since 1983. This 4 plex is listed with the building 12310 La Pomelo next door. (Total of 8 units-both 4 plex's are on separate deeded lots) Very desirable and centrally located to La Mirada Creek Park neighborhood offering everything your Tenants could ever possibly need! Including Top Rated Schools, having direct access to La Mirada Creek Park, being just a short walk to three regional shopping centers and multiple food services, and also being close to Biola Collage, Schools, Golf, Senior center and Splash Aquatic Center. Don’t miss out on this once in lifetime investment opportunity to be the new owner of these two beautiful conforming multi-family apartment buildings with both having good financial upside. (Longtime Tenants who pay on-time every month, even throughout Covid). All numbers, measures and dollar figures are approximate.
4 Unit Multi-Family apartment building. Including (1) 3 Bed / 1bath - Owner’s unit plus (3) 2 bed / 1 bath units. Property includes Two (2) alley facing Two (2) car shared garages, plus Two (2) additional outdoor parking spaces and plenty of street parking. Freshly painted ground floor Laundry-room (app-pay) with shared washer/dryer. Lower units have private fenced in Patios. Upper units boast oversized balconies with some units having views of the often-snowcapped mountains. Take a look at the photos-it will make sense.

*** This Unit (12304 La Pomelo) listed can be sold separate or together with the sale of neighboring
Multi-Family Unit (12310 La Pomelo, La Mirada). Buildings and apartment configurations are almost identical. Buildings face each other and share a beautiful walk though common area.

Both apartment buildings combined, make a total of (8) eight units (4 & 4). Both 4 Unit Apartment Buildings have separate APN numbers, making them eligible for individual conventional loans. The lot sizes vary 6,093/sq ft vs 5,786/sq ft per assessor.

Last Agent to Sell the Property

Mark Troughton

Sell-N-Save Real Estate Brokerage Phone: 562-945-6407 License #00767862 Listed on: 03/23/2024

Last Buyer's Agent

Hee Jung Lee

Your Dream Properties, Inc. License #01844987

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,275

Year Built

  • Built in 1969

Lot Details

  • 5,786 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Corner Lot

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Parking Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 4,216 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Screens
  • Living Room with Attached Deck
  • Living Room Balcony

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Exterior Lighting

Location

  • Property is near park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, telephone
  • Tax Lot 1
  • Tax Tract Number 22032
  • Assessor Parcel Number 8034028030
  • $1,352 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,675
  • Gardener Expense $1,307
  • Insurance Expense $1,000
  • Maintenance Expense $3,675
  • Trash Expense $2,926
  • New Taxes Expense $21,250
  • Operating Expense $12,663
  • Gross Income $1,617
  • Net Operating Income $79,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,275

Year Built

Built in 1969

Lot Details

5,786 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LMPP*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1307.00
  • Parcel Number: 8034028030
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Accessibility Features: No Interior Steps, Parking, See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 379.51
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Paved, Garage, Garage Faces Rear, Garage - Two Door, On Site, Parking Space
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 2926.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Park Nearby, Walkstreet
  • Lot Size Sq Ft: 5786.00
  • Lot Size Acres: 0.1328
  • Latitude Manual: 33.91894500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Telephone

Multi Family

  • Electric Expense: 3675.00
  • Gross Income: 1617.00
  • Gross Operating Income: 92940.00
  • Gross Scheduled Income: 92940.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1617.00
  • Lot Size Area: 5786.0000 Square Feet
  • Maintenance Expense: 3675.00
  • Net Operating Income: 79010.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 13930.00
  • Rent Control: Yes
  • Total Actual Rent: 7745.00
  • Total Expenses: 12663.00

Tax Info

  • New Taxes Expense: 21250.00
  • Tax Census Tract: 5036.02
  • Tax Lot: 1
  • Tax Tract Number: 22032
  • Tax Annual Amount: 5275.00
  • TaxOtherAnnualAssessmentAmount: 1352.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
Jun 11, 2024
Sold by
Gardner Family Trust and Gardner Richard L
Bought by
Eng Michael J and Eng Joyce H
Seller's Agent
Mark Troughton
Sell-N-Save Real Estate
Buyer's Agent
Hee Jung Lee
Your Dream Properties, Inc.
List Price
$1,700,000
Sold Price
$1,600,000
Premium/Discount to List
-$100,000
-5.88%
Views
34
Current Estimated Value
$1,620,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,822
Avg. Annual Appreciation
0.68%
Original Mortgage
$1,000,000
Outstanding Balance
$984,254
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$636,568

Purchase Details

Closed on
Nov 7, 2023
Sold by
Gardner Family Trust
Bought by
Gardner Marilyn J

Purchase Details

Closed on
Nov 6, 2023
Sold by
Gardner Marilyn J
Bought by
Gardner Family Trust and Gardner

Purchase Details

Closed on
Jun 19, 2006
Sold by
Gardner Marilyn J and Gardner Family Trust
Bought by
Gardner Marilyn J and Gardner Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Eng Michael J $1,600,000 Lawyers Title Company
Gardner Marilyn J -- None Listed On Document
Gardner Family Trust -- None Listed On Document
Gardner Marilyn J -- None Available
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 Eng Michael J $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $1,600,000 -5.0% $380 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $1,685,000 -0.6% $400 / Sq Ft
04/09/2024 04/09/24 Price Changed $1,695,000 -0.3% $402 / Sq Ft
03/23/2024 03/23/24 For Sale $1,700,000 -- $403 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $5,465 $1,632,000 $897,600 $734,400
2024 $5,465 $369,642 $81,223 $288,419
2023 $5,382 $362,395 $79,631 $282,764
2022 $5,274 $355,290 $78,070 $277,220
2021 $5,158 $348,325 $76,540 $271,785
2019 $5,061 $338,396 $74,271 $264,125
2018 $4,867 $331,769 $72,815 $258,954
2016 $4,587 $318,504 $69,989 $248,515
2015 $4,555 $313,721 $68,938 $244,783
2014 $4,516 $307,577 $67,588 $239,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24058554

California Regional Multiple Listing Service (CRMLS)

APN: 8034-028-030

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