NOT LISTED FOR SALE
8 Beds
8 Baths
3,820 Sq Ft
0.28 Acres

Last Sold June 22, 2022

Last sale price $1,400,000 $366 Per Sq Ft

296 Days on Market

Highlights

  • No HOA
  • Valencia High School Rated A+
  • Laundry Room

About This Home

As of June 2022

Let's try this one more time....BACK ON THE MARKET !!!!! BUYER FAILED TO COMPLETE TRANSACTION.....Wonderful 4-unit building consisting of 4 - 2-bedroom 2 bath units. This lot is one of the largest in the area at 12,197 sq ft per assessor…What does that mean to you, well how about this....Not only does this building have 5 garages but in addition, there are 7, count them 7 additional parking stalls in the back. The seller gets $50 per garage per month. The two-car garage pays $100. Need more income than rent and parking…How about a laundry room that brings in about $60. per month. Conveniently located close to the 91 and 57 freeways so you have a good base to draw tenants from...Just to be clear the garage rent and laundry income is not counted in the unit rent...so make sure you add that in when you do your analysis.

Last Agent to Sell the Property

Sam Chinarian

Coldwell Banker Realty License #00924001 Listed on: 08/06/2021

Coldwell Banker Realty

Last Buyer's Agent

Tom Duc Bui

Golden Homes Realty License #00891216

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,778

Year Built

  • Built in 1965

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Corners Of The Lot Have Been Marked

Parking

  • 7 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 3,820 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 4081
  • Assessor Parcel Number 34429134

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $587
  • Fuel Expense $191
  • Gardener Expense $1,600
  • Insurance Expense $1,965
  • Maintenance Expense $52
  • Other Expense $2,469
  • Pest Control $250
  • Professional Management Expense $4,831
  • Trash Expense $1,942
  • Water Sewer Expense $2,781
  • Operating Expense $16,668
  • Gross Income $3,720
  • Net Operating Income $66,432

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,778

Year Built

Built in 1965

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Price Per Unit: 362500
  • Professional Management Expense: 4831.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 2781.00
  • Zoning: RM 1200
  • Property Type: Residential Income
  • Gardener Expense: 1600.00
  • Parcel Number: 34429134
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 366.49

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 250.00
  • Sewer: Public Sewer
  • Trash Expense: 1942.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corners Marked
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Rental Info

  • Garage Rental Rate: 50.00

Multi Family

  • Electric Expense: 587.00
  • Fuel Expense: 191.00
  • Garage Income: 3000.00
  • Gross Income: 3720.00
  • Gross Scheduled Income: 83100.00
  • Insurance Expense: 1965.00
  • Laundry Income: 720.00
  • Lot Size Area: 12197.0000 Square Feet
  • Maintenance Expense: 52.00
  • Net Operating Income: 66432.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 16668.00
  • Other Expense: 2469.00
  • Other Expense Description: Ext Pnt
  • Rent Control: No
  • Total Expenses: 16668.00

Tax Info

  • Tax Census Tract: 117.20
  • Tax Lot: 1
  • Tax Tract Number: 4081
  • Tax Annual Amount: 6778.00

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
06/22/2022 06/22/22 Sold $1,400,000 -3.4% $366 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/13/2022 05/13/22 Price Changed $1,450,000 0.0% $380 / Sq Ft
05/13/2022 05/13/22 For Sale $1,450,000 +3.6% $380 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
01/01/2022 01/01/22 Off Market $1,400,000 -- --
01/01/2022 01/01/22 For Sale $1,395,000 -0.4% $365 / Sq Ft
11/03/2021 11/03/21 Off Market $1,400,000 -- --
10/31/2021 10/31/21 For Sale $1,395,000 -0.4% $365 / Sq Ft
10/29/2021 10/29/21 Off Market $1,400,000 -- --
10/19/2021 10/19/21 For Sale $1,395,000 -0.4% $365 / Sq Ft
10/18/2021 10/18/21 Off Market $1,400,000 -- --
09/27/2021 09/27/21 For Sale $1,395,000 -0.4% $365 / Sq Ft
08/23/2021 08/23/21 Off Market $1,400,000 -- --
08/06/2021 08/06/21 For Sale $1,395,000 -- $365 / 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: OC21172083

California Regional Multiple Listing Service (CRMLS)

APN: 344-291-34