NOT LISTED FOR SALE
5 Beds
4 Baths
3,800 Sq Ft
7,560 Sq Ft Lot

Sale Details

Date Sold: February 2, 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
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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
  • Washer and Gas Dryer Hookup

Kitchen

  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

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

Amenities

  • Laundry Facilities

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

7,560 Sq Ft Lot

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 Rate: 3.00

Tax Info

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

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
Aug 21, 2017
Closed on
Jan 25, 2018
Sold by
Bought by
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Jennifer Lee
RE/MAX 2000 REALTY
List Price
$998,000
Sold Price
$986,500
Premium/Discount to List
-$11,500
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 18, 2016
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2014
Sold by
Bought by

Purchase Details

Listed on
Feb 27, 2014
Closed on
Mar 17, 2014
Sold by
Bought by
Seller's Agent
Scott Brady
Partners Real Estate Group
Buyer's Agent
Sheila Wu
G. Fortunes
List Price
$799,500
Sold Price
$838,000
Premium/Discount to List
$38,500
4.82%

Purchase Details

Closed on
Nov 5, 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
$451,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 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
$451,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 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
$986,500 Ticor Title Co
-- None Available
-- None Available
$833,500 Orange Coast Title
-- --
-- Fidelity National Title
-- --
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
Open $720,000
Closed $585,000
Previous Owner $451,500
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 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

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 $13,273 $1,144,915 $723,115 $421,800
2025 $13,273 $1,122,466 $708,936 $413,530
2024 $12,952 $1,100,457 $695,035 $405,422
2023 $12,705 $1,078,880 $681,407 $397,473
2022 $12,559 $1,057,726 $668,046 $389,680
2021 $12,302 $1,036,987 $654,947 $382,040
2020 $12,337 $1,026,354 $648,231 $378,123
2019 $11,875 $1,006,230 $635,521 $370,709
2018 $10,767 $897,986 $485,046 $412,940
2017 $10,589 $880,379 $475,535 $404,844
2016 $10,379 $863,117 $466,211 $396,906
2015 $10,249 $850,153 $459,208 $390,945
2014 $7,474 $603,661 $207,029 $396,632
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17194001

California Regional Multiple Listing Service (CRMLS)
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