NOT LISTED FOR SALE
5 Beds
3 Baths
2,020 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: July 17, 2025

Last sale price $1,700,000 $842 Per Sq Ft

137 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • Pickleball Courts
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of July 2025

Great location with tons of opportunity! You can enjoy the current income, move into one of the units and use the income to help with your monthly payment, build more units, build your dream home - plenty of options. The property has been well maintained with strong operational history, and in this location is always very easy to rent.

Last Agent to Sell the Property

Chris Pettit

Skyline Commercial Real Estate Brokerage Phone: 626-664-9863 License #01983950 Listed on: 12/23/2024

Last Buyer's Agent

Chris Pettit

Skyline Commercial Real Estate Brokerage Phone: 626-664-9863 License #01983950 Listed on: 12/23/2024

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,992

Year Built

  • Built in 1947

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2,020 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 16 / A
  • Tax Tract Number 314
  • Assessor Parcel Number 42545141
  • $1,423 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Pickleball Courts
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,179
  • Insurance Expense $1,818
  • Water Sewer Expense $876
  • New Taxes Expense $19,729
  • Operating Expense $30,962
  • Gross Income $97,500
  • Net Operating Income $63,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,992

Year Built

Built in 1947

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 3.39
  • Property Attached: Yes
  • Water Sewer Expenses: 876.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 42545141
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 841.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pickleball
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 4179.00
  • Gross Income: 97500.00
  • Gross Multiplier: 19.23
  • Gross Scheduled Income: 97500.00
  • Insurance Expense: 1818.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 63613.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 30962.00
  • Rent Control: No
  • Total Actual Rent: 8000.00
  • Total Expenses: 30962.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19729.00
  • Tax Block: A
  • Tax Census Tract: 633.01
  • Taxes Percent: 1.05
  • Tax Lot: 16
  • Tax Tract Number: 314
  • Tax Annual Amount: 20992.00
  • TaxOtherAnnualAssessmentAmount: 1423.00

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

Listed on
Dec 23, 2024
Closed on
May 19, 2025
Sold by
Bought by
Seller's Agent
Chris Pettit
Skyline Commercial Real Estate
Buyer's Agent
Chris Pettit
Skyline Commercial Real Estate
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Views
99

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2023
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
$575,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2006
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
$544,000
Interest Rate
7.86%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2002
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
$332,250
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 2000
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
$318,750
Interest Rate
7.71%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 1995
Sold by
Bought by
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
$1,700,000 Ticor Title
-- Orange Coast Title
-- None Available
$25,000 None Available
$680,000 Civic Center Title Services
-- Chicago Title
-- Orange Coast Title
-- --
$443,000 First American Title Co
-- California Counties Title Co
-- --
$147,500 First American Title Ins Co
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 $1,275,000
Previous Owner $707,000
Previous Owner $575,000
Previous Owner $45,000
Previous Owner $544,000
Previous Owner $490,000
Previous Owner $390,000
Previous Owner $332,250
Previous Owner $36,450
Previous Owner $318,750
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
07/17/2025 07/17/25 Sold $1,700,000 -9.3% $842 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
03/17/2025 03/17/25 Price Changed $1,875,000 -3.8% $928 / Sq Ft
02/17/2025 02/17/25 Price Changed $1,950,000 -2.3% $965 / Sq Ft
12/23/2024 12/23/24 For Sale $1,995,000 0.0% $988 / Sq Ft
09/10/2024 09/10/24 Rented $1,950 0.0% --
08/29/2024 08/29/24 For Rent $1,950 -- --
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
2025 $10,811 $896,734 $792,025 $104,709
2024 $10,811 $879,151 $776,495 $102,656
2023 $10,458 $861,913 $761,269 $100,644
2022 $10,154 $845,013 $746,342 $98,671
2021 $9,850 $828,445 $731,708 $96,737
2020 $9,727 $819,951 $724,205 $95,746
2019 $9,514 $803,874 $710,005 $93,869
2018 $9,321 $788,112 $696,083 $92,029
2017 $9,167 $772,659 $682,434 $90,225
2016 $8,975 $757,509 $669,053 $88,456
2015 $8,891 $746,131 $659,003 $87,128
2014 $8,693 $731,516 $646,094 $85,422
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24252699

California Regional Multiple Listing Service (CRMLS)
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