NOT LISTED FOR SALE
10 Beds
10 Baths
5,010 Sq Ft
0.25 Acres

Last Sold January 15, 2019

Last sale price $1,635,000 $326 Per Sq Ft

64 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room
  • Warner Middle Rated A-

About This Home

As of January 2019

Incredible Opportunity to own a 5 units in a highly desirable Garden Grove neighborhood. Built-in 1977- 2 stories Townhomes style with 2bed/1.5bath - 1008 sq feet and a private patio; 5 single car garages, 5 additional assigned parking spaces in parking lot, and a coin-operated laundry room. Total 5,010 sq. feet living area and 10,890 sq. feet lot that maintained wide open lawns. This building is individually metered for Gas and Electricity. Most tenants have been here for many years.

Last Agent to Sell the Property

Sandy Do

Triumph Real Estate Solutions License #01384251 Listed on: 09/24/2018

Last Buyer's Agent

John Nguyen

One Stop Realty and Financial License #01408888

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.25 Acre Lot
  • No Units Above
  • Two or More Common Walls

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,010 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Assessor Parcel Number 09701133

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $960
  • Gardener Expense $960
  • Insurance Expense $2,673
  • Other Expense $504
  • Trash Expense $2,030
  • Water Sewer Expense $3,000
  • New Taxes Expense $20,100
  • Operating Expense $30,947
  • Gross Income $97,200
  • Net Operating Income $67,453

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 09701133
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: Two
  • Price Per Square Foot: 326.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2030.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 960.00
  • Gross Income: 97200.00
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 2673.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 67453.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 30947.00
  • Other Expense: 504.00
  • Other Expense Description: Lease
  • Rent Control: No
  • Total Expenses: 30947.00

Tax Info

  • New Taxes Expense: 20100.00
  • Tax Census Tract: 888.01
  • Tax Lot: .
  • Tax Tract Number: .

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 List to Sale Price per Sq Ft Prior Sale
01/15/2019 01/15/19 Sold $1,635,000 -2.4% $326 / Sq Ft
10/30/2018 10/30/18 Price Changed $1,675,000 -2.9% $334 / Sq Ft
09/24/2018 09/24/18 For Sale $1,725,000 +17.7% $344 / Sq Ft
07/11/2017 07/11/17 Sold $1,466,000 -0.6% $293 / Sq Ft View Prior Sale
06/20/2017 06/20/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $1,475,000 0.0% $294 / Sq Ft
06/05/2017 06/05/17 Price Changed $1,475,000 +0.6% $294 / Sq Ft
06/01/2017 06/01/17 Off Market $1,466,000 -- --
06/01/2017 06/01/17 For Sale $1,500,000 +2.3% $299 / Sq Ft
05/22/2017 05/22/17 Off Market $1,466,000 -- --
05/22/2017 05/22/17 For Sale $1,500,000 +2.3% $299 / Sq Ft
05/12/2017 05/12/17 Off Market $1,466,000 -- --
05/12/2017 05/12/17 For Sale $1,500,000 +2.3% $299 / Sq Ft
05/02/2017 05/02/17 Off Market $1,466,000 -- --
02/24/2017 02/24/17 For Sale $1,500,000 -- $299 / 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: PW18234485

California Regional Multiple Listing Service (CRMLS)