NOT LISTED FOR SALE

12881 Adelle St Garden Grove, CA 92841

Koreatown Neighborhood

Estimated Value: $1,004,000 - $1,290,000

4 Beds
2 Baths
1,617 Sq Ft
$696/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $715,000 $442 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,767/month

47 Days on Market

Highlights

  • Traditional Architecture
  • Stanford Elementary School Rated A
  • Wood Siding

About This Home

As of April 2017

GREAT INVESTMENT OPPORTUNITY in the center of Korean Town in Garden Grove. Large lot with city approval to build 4 brand new units as neighboring lots. Currently there are 3 buildings on the lot. Front building has 2 bedrooms/ 1 bathroom with potential rent of $1,600/month. Back building has 2 bedrooms/ 1 bathroom with potential rent of $1,600/month. Side building has detached 2 car garage and a large permitted work shop of 21’ x 18’. Large long double driveway with 9 parking spaces for tenants. Buildings have several updates in the last 6 years. Property can be delivered vacant. Seller is very motivated.

Last Agent to Sell the Property

Nina Nguyen

L.S. Gateway Realtors License #01854316 Listed on: 01/21/2017

Last Buyer's Agent

Nancy Nguyen

Wynn Real Estate, Inc. License #01758862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,339

Year Built

  • Built in 1935

Lot Details

  • 9,077 Sq Ft Lot
  • No Common Walls
  • Value in Land

Parking

  • 2 Car Garage

Home Design

  • 1,617 Sq Ft Home
  • Traditional Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 807
  • Assessor Parcel Number 13347202

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $2,000
  • New Taxes Expense $4,500
  • Operating Expense $7,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,339

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2000.00
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 13347202
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 442.18

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 9077.00

Multi Family

  • Insurance Expense: 800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 7800.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Area: 18207
  • Tax Census Tract: 881.07
  • Tax Lot: 7
  • Tax Tract Number: 807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Pham Danh
Bought by
Ha Linh Phuoc and Nguyen Van Nhi
Current Estimated Value
$1,125,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$504,241
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$621,740

Purchase Details

Listed on
Jan 21, 2017
Closed on
Apr 13, 2017
Sold by
Pham Tran A
Bought by
Pham Danh
Seller's Agent
Nina Nguyen
L.S. Gateway Realtors
Buyer's Agent
Nancy Nguyen
Wynn Real Estate, Inc.
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$502,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2017
Closed on
Mar 27, 2017
Sold by
Goodman Anh Nguyet
Bought by
Goodman Anh Nguyet
Seller's Agent
Nina Nguyen
L.S. Gateway Realtors
Buyer's Agent
Nancy Nguyen
Wynn Real Estate, Inc.
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2017
Closed on
Mar 24, 2017
Sold by
Ta Peter Tuan
Bought by
Ta Doan Hong
Seller's Agent
Nina Nguyen
L.S. Gateway Realtors
Buyer's Agent
Nancy Nguyen
Wynn Real Estate, Inc.
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2017
Closed on
Mar 14, 2017
Sold by
Gooman Anh Nguyet
Bought by
Pham Danh
Seller's Agent
Nina Nguyen
L.S. Gateway Realtors
Buyer's Agent
Nancy Nguyen
Wynn Real Estate, Inc.
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2015
Sold by
Goodman Anh Nguyet
Bought by
Goodman Anh Nguyet

Purchase Details

Closed on
May 28, 2014
Sold by
Trinh Anh Nguyet
Bought by
Trinh Anh Nguyet

Purchase Details

Closed on
Aug 23, 2010
Sold by
Yen Thai Thi
Bought by
Trinh Anh Nguyet and Ta Doan Hong

Purchase Details

Closed on
Aug 16, 2010
Sold by
Trinh Anh Nguyet
Bought by
Yen Thai Thi

Purchase Details

Closed on
Nov 11, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Trinh Anh Nguyet

Purchase Details

Closed on
Apr 22, 2008
Sold by
Nguyen Tiffany Kim
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Mar 7, 2006
Sold by
Vizcarra Manuel and Vizcarra Piedad
Bought by
Nguyen Tiffany Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,550
Interest Rate
7.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 29, 1998
Sold by
Charles Zimmer Jerry and Charles Ann Sharon
Bought by
Vizcarra Manuel and Vizcarra Piedad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,662
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 17, 1993
Sold by
Zimmer Jerry Charles and Zimmer Sharon Ann
Bought by
Zimmer Jerry Charles and Zimmer Sharon Ann
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ha Linh Phuoc $750,000 Lawyers Title Company
Pham Danh -- Fidelity National Title
Goodman Anh Nguyet -- Fidelity National Title
Goodman Anh Nguyet -- Fidelity National Title
Ta Doan Hong -- Fidelity National Title
Pham Danh $715,000 Fidelity National Title
Goodman Anh Nguyet -- Fidelity National Title
Goodman Anh Nguyet -- None Available
Goodman Anh Nguyet -- None Available
Trinh Anh Nguyet -- None Available
Trinh Anh Nguyet -- None Available
Yen Thai Thi -- None Available
Trinh Anh Nguyet $400,000 Lawyers Title Company
Deutsche Bank National Trust Co $525,000 Fidelity Natl Title Ins Co
Nguyen Tiffany Kim $789,000 Chicago Title Co
Vizcarra Manuel $172,500 Gateway Title Company
Zimmer Jerry Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ha Linh Phuoc $562,500
Previous Owner Pham Danh $502,500
Previous Owner Nguyen Tiffany Kim $749,550
Previous Owner Vizcarra Manuel $167,662
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2017 04/14/17 Sold $715,000 +2.3% $442 / Sq Ft
01/21/2017 01/21/17 For Sale $699,000 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,339 $811,824 $745,615 $66,209
2024 $10,339 $795,906 $730,995 $64,911
2023 $10,141 $780,300 $716,661 $63,639
2022 $9,950 $765,000 $702,608 $62,392
2021 $9,826 $766,623 $711,519 $55,104
2020 $9,746 $758,763 $704,224 $54,539
2019 $9,498 $743,886 $690,416 $53,470
2018 $9,155 $729,300 $676,878 $52,422
2017 $5,694 $441,561 $386,761 $54,800
2016 $5,415 $432,903 $379,177 $53,726
2015 $5,339 $426,401 $373,482 $52,919
2014 -- $418,049 $366,166 $51,883
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nina Nguyen

    L.S. Gateway Realtors

  • Nancy Nguyen

    Buyer's Agent in 2017

    Nancy Nguyen

    Wynn Real Estate, Inc.

    (714) 383-0180

    24 Total Sales

    Nancy Nguyen
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16765250

California Regional Multiple Listing Service (CRMLS)

APN: 133-472-02

California Orange County Garden Grove 92841 Koreatown

12881 Adelle St, Garden Grove, CA

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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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