NOT LISTED FOR SALE

138 S Walnut Ave Placentia, CA 92870

5 Beds
4 Baths
3,800 Sq Ft
2004 Built

Last Sold February 02, 2018

Last sale price $986,500 $260 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • 6 Car Direct Access Garage
  • Kraemer Middle School Rated A
  • No HOA
  • 5-minute walk to Sante Fe Park

About This Home

As of February 2018

Lack of similar vintage property in Orange County sets apart this triplex in Placentia. Built in 2004, an owner has an opportunity to own two (along with 109 S. Walnut Ave.) of the newest buildings of smaller size in the area. All units are large units and some have been more recently upgraded by the current owners. The properties should bring in the highest rents in the submarket due to the size and quality of the units.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 08/21/2017

Last Buyer's Agent

Jennifer Lee

RE/MAX 2000 REALTY License #01863579

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 7,560 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 6 Car Direct Access Garage
  • Parking Available

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 140
  • Assessor Parcel Number 33935308

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,330
  • Maintenance Expense $2,400
  • Other Expense $3,443
  • New Taxes Expense $10,849
  • Operating Expense $21,046
  • Gross Income $65,952
  • Net Operating Income $42,927

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Subdivision Name Other: Bradfords Resub
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 33935308
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 259.61

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7560.00

Multi Family

  • Average1 Bed Area: 1150 Square Feet
  • Average2 Bed Area: 1350 Square Feet
  • Gross Income: 65952.00
  • Gross Multiplier: 15.13
  • Gross Operating Income: 63973.00
  • Gross Scheduled Income: 65952.00
  • Gross Spendable Income: 2905.00
  • Insurance Expense: 1330.00
  • Maintenance Expense: 2400.00
  • Net Operating Income: 42927.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 21046.00
  • Operating Expense Percent: 31.90
  • Other Expense: 3443.00
  • Other Expense Description: All Util
  • Rent Control: No
  • Total Actual Rent: 5496.00
  • Total Expenses: 21046.00
  • Vacancy Allowance: 1979
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10849.00
  • Tax Census Tract: 117.21
  • Tax Lot: 27
  • Tax Tract Number: 140

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
02/02/2018 02/02/18 Sold $986,500 -1.2% $260 / Sq Ft
08/21/2017 08/21/17 For Sale $998,000 +19.1% $263 / Sq Ft
04/11/2014 04/11/14 Sold $838,000 +4.8% $221 / Sq Ft View Prior Sale
03/07/2014 03/07/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $799,500 -- $210 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2018

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    1 in this area

    19 Total Sales

    Gary Tolfa
    Section Image
  • Jennifer Lee

    Buyer's Agent in 2018

    Jennifer Lee

    RE/MAX

    (626) 734-7898

    57 Total Sales

    Jennifer Lee
    Section Image

  • S

    Seller's Agent in 2014

    Scott Brady

    Partners Real Estate Group

    (714) 528-2999

    4 in this area

    20 Total Sales

    Scott Brady
    Section Image

  • S

    Buyer's Agent in 2014

    Sheila Wu

    G. Fortunes

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17194001

California Regional Multiple Listing Service (CRMLS)
California Orange County Placentia 92870

138 S Walnut Ave, Placentia, CA

This home is located at 138 S Walnut Ave, Placentia, CA 92870 since 21 August 2017. This property was built in 2004. 138 S Walnut Ave is a home located in Orange County with nearby schools including Ruby Drive Elementary School, Kraemer Middle School, and Valencia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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