Seller's Agent in 2015
Elizabeth Do
Keller Williams Realty
(714) 317-7243
5 in this area
724 Total Sales
12832 Lorna St Garden Grove, CA 92841
Koreatown NeighborhoodEstimated Value: $855,000 - $1,762,000
8
Beds
4
Baths
3,224
Sq Ft
$406/Sq Ft
Est. Value
Highlights
- Main Floor Bedroom
- Built-In Features
- Living Room
- Stanford Elementary School Rated A
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
As of September 2015Rare investment property with 4 detached units on 10,830 square feet lot in quiet residential area. Each unit is 800-900 sq ft with 2 beds/1 bath, 1 car detached garage plus 1 additional parking space each. A 9th parking space is available and is currently rented at $25/month. Upgrades include vinyl fences in the front yard, new lawn sprinkler system on timer and bi-fold garage doors. All units have carpet, linoleum, custom wood linen and kitchen cabinets and bookcases. Each unit has a large fenced yard that is landscaped and maintained by the gardener. Two rear units include wall air conditioning units. Roofs on all 4 units and garages were redone about 10 years ago. Units are fully occupied and property has low turnover rate with only 5 turnovers in the last 10 years. Located in Garden Grove close to the 22 freeway and local schools.
Total monthly gross = $5005 (Unit 1: $1395, Units 2-4: $1195 each, 1 Parking Spot: $25)
Last Agent to Sell the Property
Keller Williams Realty License #01473012 Listed on: 02/26/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,459
Year Built
- Built in 1964
Lot Details
- 10,838 Sq Ft Lot
- No Common Walls
- Landscaped
- Paved or Partially Paved Lot
- Front Yard Sprinklers
- Back and Front Yard
Parking
- 4 Car Garage
- 5 Open Parking Spaces
- Parking Available
- Side Facing Garage
- Driveway
Interior Spaces
- 3,224 Sq Ft Home
- Built-In Features
- Ceiling Fan
- Blinds
- Living Room
- Storage
Kitchen
- Gas Cooktop
- Range Hood
- Laminate Countertops
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- Main Floor Bedroom
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 807
- Assessor Parcel Number 13346108
Community Details
Overview
- 6 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $2,305
- Insurance Expense $1,708
- Maintenance Expense $9,991
- Pest Control $1,300
- Water Sewer Expense $3,650
- New Taxes Expense $16,510
- Operating Expense $35,464
- Gross Income $5,005
- Net Operating Income $50,260
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 3, 2016
Sold by
Luu Lan
Bought by
Lorna Investment Llc
Current Estimated Value
Purchase Details
Closed on
Mar 27, 2015
Sold by
Hall James H and Hall Linda Ann
Bought by
Luu Lan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lorna Investment Llc | -- | Lawyers Title | |
| Lorna Investment Llc | -- | Lawyers Title | |
| Luu Lan | $1,100,000 | Fidelity National Title | |
| Luu Lan | -- | Fidelity National Title | |
| Luu Lan | $1,100,000 | Fidelity National Title | |
| Luu Lan | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Luu Lan | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2015 09/17/15 | Sold | $1,100,000 | -18.5% | $341 / Sq Ft |
| 03/30/2015 03/30/15 | Pending | -- | -- | -- |
| 12/23/2014 12/23/14 | For Sale | $1,350,000 | -- | $419 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,196 | $1,302,174 | $1,143,656 | $158,518 |
| 2024 | $16,196 | $1,276,642 | $1,121,232 | $155,410 |
| 2023 | $15,897 | $1,251,610 | $1,099,247 | $152,363 |
| 2022 | $15,560 | $1,227,069 | $1,077,693 | $149,376 |
| 2021 | $15,396 | $1,203,009 | $1,056,561 | $146,448 |
| 2020 | $15,192 | $1,190,674 | $1,045,727 | $144,947 |
| 2019 | $14,902 | $1,167,328 | $1,025,223 | $142,105 |
| 2018 | $14,606 | $1,144,440 | $1,005,121 | $139,319 |
| 2017 | $14,407 | $1,122,000 | $985,412 | $136,588 |
| 2016 | $13,694 | $1,100,000 | $966,090 | $133,910 |
| 2015 | $2,497 | $127,067 | $40,996 | $86,071 |
| 2014 | $2,459 | $124,578 | $40,193 | $84,385 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14262177
APN: 133-461-08
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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