NOT LISTED FOR SALE

13161 Adland St Garden Grove, CA 92843

8 Beds
4 Baths
3,582 Sq Ft
8,749 Sq Ft Lot

Last Sold December 18, 2012

Last sale price $810,000 $226 Per Sq Ft

11 Days on Market

About This Home

As of December 2012

13161 and 13171 Adland Street to be sold together. 2 Separate APN #'s for each property. Both 4 unit properties are in good shape, they share a driveway and a large back parking area. All 2BR/1BA units 100% occupied. Roof in good shape, owners have maintained these two properties well over the years. Actual Rents. Properties were recently painted, little deferred maintenance. Standard Sale Submit offers with Pre Approval Letter, Proof of Funds and EMD. **DRIVE BY ONLY - DO NOT DISTURB TENANTS*

Last Agent to Sell the Property

Patrick Schwier

Schwier Income Properties, Inc License #01072723 Listed on: 11/05/2012

Schwier Income Properties, Inc

Last Buyer's Agent

Steve Roberts

First Team Real Estate License #01279437

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,749

Home Design

  • 3,582 Sq Ft Home
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 9 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • 8,749 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 7
  • Tax Tract Number 3181
  • Assessor Parcel Number 09906616

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Fuel Expense $600
  • Gardener Expense $600
  • Insurance Expense $2,200
  • Trash Expense $900
  • Water Sewer Expense $1,920
  • New Taxes Expense $9,265
  • Gross Income $5,230
  • Net Operating Income $43,105

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.22
  • View: No
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 09906616
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 226.13

Exterior Features

  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 9.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 900.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8749.00
  • Lot Size Acres: 0.2010

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 895
  • Electric Expense: 360.00
  • Fuel Expense: 600.00
  • Gross Income: 5230.00
  • Gross Multiplier: 13.15
  • Gross Scheduled Income: 62760.00
  • Insurance Expense: 2200.00
  • Laundry Income: 130.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 43105.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Operating Expense: 17773.00
  • Operating Expense Percent: 28.00
  • Vacancy Allowance: 1883
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9265.00
  • Tax Area: 18043
  • Tax Lot: 7
  • Tax Tract Number: 3181

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

Property History

Date Event Price Change Sq Ft Price
12/18/2012 12/18/12 Sold $810,000 -1.8% $226 / Sq Ft
11/16/2012 11/16/12 Pending -- -- --
11/05/2012 11/05/12 For Sale $825,000 -- $230 / 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: P840160

California Regional Multiple Listing Service (CRMLS)

APN: 099-066-16