NOT LISTED FOR SALE
7 Beds
5 Baths
3,969 Sq Ft
0.25 Acres

Last Sold July 18, 2019

Last sale price $1,158,000 $292 Per Sq Ft

18 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of July 2019

Rare Single Story, Corner Lot, 4 Plex with a possible Owner Occupied Unit which has 3 Bedroom 2 Bath, Fireplace, 2 Car Garage, Central Air and Heat and a Patio. A 2 Bedroom 1 Bath and (2) 1 Bedroom 1 Bath with Wall Air Conditioners, Garages and Patios. Income over $83K with some room to go up.
Laundry equipment owned by Sellers. All Units are Separately Metered except for Water. Location is Close to Shopping, Freeways, Restaurants, Schools and Park. Drive By Only, No Walking on Property and Do Not Disturbe Tenants.

Last Agent to Sell the Property

Joe Tringale

Barela Investments Inc License #00580069 Listed on: 05/21/2019

Last Buyer's Agent

Mary Kuei

MSK Real Estate Services License #01904164

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.25 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in good condition
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,969 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 2
  • Tax Tract Number 6459
  • Assessor Parcel Number 26810103

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,300
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Other Expense $2,000
  • Water Sewer Expense $4,200
  • New Taxes Expense $12,925
  • Operating Expense $20,600
  • Gross Income $80,723
  • Net Operating Income $60,123

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 293750
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained
  • View: No
  • Water Sewer Expenses: 4200.00
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 26810103
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter, Wood Burning
  • Levels: One
  • Price Per Square Foot: 291.76
  • Room Type: All Bedrooms Down, Living Room, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 798 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1400 Square Feet
  • Fuel Expense: 1300.00
  • Gross Operating Income: 80723.00
  • Gross Scheduled Income: 83220.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 110.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 60123.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Number With Carpet: 2
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 20600.00
  • Operating Expense Percent: 25.00
  • Other Expense: 2000.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Actual Rent: 6935.00
  • Total Expenses: 20600.00
  • Vacancy Allowance: 2497
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12925.00
  • Tax Area: 1007
  • Tax Census Tract: 864.06
  • Tax Lot: 2
  • Tax Tract Number: 6459

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2019 07/18/19 Sold $1,158,000 -1.4% $292 / Sq Ft
05/21/2019 05/21/19 For Sale $1,175,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19120250

California Regional Multiple Listing Service (CRMLS)

APN: 268-101-03