NOT LISTED FOR SALE
10 Beds
8 Baths
4,386 Sq Ft
9,485 Sq Ft Lot

Sale Details

Date Sold: April 24, 2017

Last sale price $1,240,000 $283 Per Sq Ft

17 Days on Market

Highlights

  • Lawn
  • 4 Car Garage
  • Laundry Facilities
  • No HOA

About This Home

As of April 2017

An investment opportunity with full potential for new investors to capture rental upside. The 4 Unit Building is located in Garden Grove and offers high visibility in an area known for its stable rent growth and high occupancy rate. Property offers four car garages and plenty of private parking spaces plus street parkings. Leased washers/dryers provide additional laundry income. New landscape.  Fourplex consists of 2 units with 2-bedrooms and 2 units with 3-bedrooms along with sizable patios. Separately metered for electricity and gas.

Last Agent to Sell the Property

Jennie Kim

Sunny Realty & Management Inc License #01739805 Listed on: 02/24/2017

Last Buyer's Agent

Kimberly Choi

T.N.G. Real Estate Consultants License #01238997

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 9,485 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 4 Car Garage
  • 6 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 4,386 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 1060
  • Assessor Parcel Number 09701118

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $643
  • Gardener Expense $1,815
  • Insurance Expense $1,797
  • Maintenance Expense $850
  • Other Expense $290
  • Pest Control $480
  • Supplies Expense $20
  • Trash Expense $2,192
  • Water Sewer Expense $2,709
  • New Taxes Expense $17,900
  • Operating Expense $24,397
  • Gross Income $76,752
  • Net Operating Income $52,355

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

9,485 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Supplies Expense: 20.00
  • Water Sewer Expenses: 2709.00
  • Property Type: Residential Income
  • Gardener Expense: 1815.00
  • Parcel Number: 09701118
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 282.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Private
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 2192.00
  • 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: Lawn
  • Lot Size Sq Ft: 9485.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 643.00
  • Gross Income: 76752.00
  • Gross Scheduled Income: 76752.00
  • Insurance Expense: 1797.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 427.00
  • Maintenance Expense: 850.00
  • Net Operating Income: 52355.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Operating Expense: 24397.00
  • Other Expense: 290.00
  • Other Expense Description: HVAC
  • Rent Control: No
  • Total Actual Rent: 6360.00
  • Total Expenses: 24397.00

Tax Info

  • New Taxes Expense: 17900.00
  • Tax Census Tract: 888.01
  • Tax Lot: 7
  • Tax Tract Number: 1060

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$905,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2017
Sold by
Bought by

Purchase Details

Listed on
Feb 24, 2017
Closed on
Mar 16, 2017
Sold by
Bought by
Seller's Agent
Jennie Kim
Sunny Realty & Management Inc
Buyer's Agent
Kimberly Choi
T.N.G. Real Estate Consultants
List Price
$1,169,000
Sold Price
$1,240,000
Premium/Discount to List
$71,000
6.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Accommodation
-- Accommodation
$1,240,000 Wfg National Title Insurance
-- None Available
$980,000 Fidelity National Title
$960,000 Fidelity National Title Co
-- Southland Title Corporation
$750,000 Southland Title Corporation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $898,000
Previous Owner $905,000
Previous Owner $930,000
Previous Owner $250,000
Previous Owner $600,000
Previous Owner $560,000
Previous Owner $600,000
Previous Owner $215,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/24/2017 04/24/17 Sold $1,240,000 +6.1% $283 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $1,169,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,241 $1,467,905 $1,182,932 $284,973
2025 $17,999 $1,439,123 $1,159,737 $279,386
2024 $17,999 $1,410,905 $1,136,997 $273,908
2023 $17,408 $1,383,241 $1,114,703 $268,538
2022 $17,147 $1,356,119 $1,092,846 $263,273
2021 $16,782 $1,329,529 $1,071,418 $258,111
2020 $16,582 $1,315,897 $1,060,432 $255,465
2019 $16,384 $1,290,096 $1,039,640 $250,456
2018 $16,365 $1,264,800 $1,019,254 $245,546
2017 $12,319 $950,000 $655,913 $294,087
2016 $11,876 $934,030 $639,943 $294,087
2015 $11,671 $920,000 $630,330 $289,670
2014 $10,924 $860,000 $570,330 $289,670
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17038324

California Regional Multiple Listing Service (CRMLS)
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