NOT LISTED FOR SALE

12622 Morningside Ave Garden Grove, CA 92843

6 Beds
3 Baths
5,600 Sq Ft
9,718 Sq Ft Lot Lot

Sale Details

Date Sold: August 3, 2018

Last sale price $2,000,000 $357 Per Sq Ft

30 Days on Market

About This Home

As of August 2018

A beautiful , mostly upgraded 8 unit in Garden Grove, a good money maker with an awesome mix
2 units are 3 bedroom,2 are 2 bed rooms and 4 are 1 bedroom 1 bath .
A must see

Last Agent to Sell the Property

Ali Hijazi

Century 21 A Better Service License #01423794 Listed on: 04/04/2018

Century 21 A Better Service

Last Buyer's Agent

Ali Hijazi

Century 21 A Better Service License #01423794 Listed on: 04/04/2018

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,718 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 5,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 19812309

Community Details

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,700
  • Trash Expense $4,000
  • Water Sewer Expense $3,200
  • New Taxes Expense $27,500
  • Operating Expense $37,500
  • Gross Income $140,000
  • Net Operating Income $102,500

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

9,718 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3200.00
  • Property Type: Residential Income
  • Parcel Number: 19812309
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 357.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Trash Expense: 4000.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9718.00

Multi Family

  • Gross Income: 140000.00
  • Gross Scheduled Income: 140000.00
  • Insurance Expense: 2700.00
  • Net Operating Income: 102500.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 37500.00
  • Rent Control: No
  • Total Expenses: 37500.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Census Tract: 891.04
  • Tax Lot: 1
  • Tax Tract Number: 1
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2018 08/03/18 Sold $2,000,000 0.0% $357 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
04/10/2018 04/10/18 Price Changed $2,000,000 -11.1% $357 / Sq Ft
04/04/2018 04/04/18 For Sale $2,250,000 +69.8% $402 / Sq Ft
02/02/2015 02/02/15 Sold $1,325,000 -1.9% $248 / Sq Ft View Prior Sale
01/19/2015 01/19/15 Pending -- -- --
09/25/2014 09/25/14 For Sale $1,350,000 -- $253 / 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 $28,459 $2,231,036 $1,628,658 $602,378
2024 $28,459 $2,187,291 $1,596,724 $590,567
2023 $27,935 $2,144,403 $1,565,415 $578,988
2022 $27,316 $2,102,356 $1,534,720 $567,636
2021 $26,939 $2,061,134 $1,504,628 $556,506
2020 $26,618 $2,040,000 $1,489,200 $550,800
2019 $26,263 $2,000,000 $1,460,000 $540,000
2018 $18,907 $1,399,552 $977,046 $422,506
2017 $18,712 $1,372,110 $957,888 $414,222
2016 $17,812 $1,345,206 $939,106 $406,100
2015 $15,531 $1,150,000 $1,044,952 $105,048
2014 $14,892 $1,103,020 $997,972 $105,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18076607

California Regional Multiple Listing Service (CRMLS)

APN: 198-123-09

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