NOT LISTED FOR SALE

1381 S Walnut St Unit 2602 Anaheim, CA 92802

Hermosa Village Neighborhood

Estimated Value: $465,000 - $737,000

2 Beds
2 Baths
1,017 Sq Ft
1974 Built

Last Sold March 26, 2020

Last sale price $525,000 $516 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,712/month

18 Days on Market

Highlights

  • 24-Hour Security
  • No Units Above
  • Furnished
  • Heated In Ground Pool
  • Wood Flooring
  • Granite Countertops

About This Home

As of March 2020

THIS TOWNHOUSE IS A CURRENTLY OPERATING, FULLY LICENSED, SHORT-TERM RENTAL, APPROVED BY THE CITY OF ANAHEIM AND THE HOA CC&Rs. Virtually, EVERYTHING, in this property was upgraded, right after the owner purchased it, including: flooring, kitchen, bathrooms, lighting and AC.
Master bedroom has a walk-in closet. The unit has a 1 car (detached) garage and 1 assigned parking space for guests to use. All Furniture, Appliances, Furnishings and Supplies used to operate the STR are included in the sale. This property is located within walking distance to Disneyland. In 2019, this STR had an 85% Occupancy Rate with a Cap Rate of 8.7% (if Buyer manages the property) and a Cap Rate of 6.1% (with Professional Property Management included).

Last Agent to Sell the Property

Keith Powers

Alta Realty Group CA, Inc License #01940642 Listed on: 01/21/2020

Alta Realty Group CA, Inc

Last Buyer's Agent

Eve Deng

Realty One Group West License #01267044

Realty One Group West

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,573

Year Built

  • Built in 1974

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Block Wall Fence

Parking

  • 1 Open Parking Space
  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,017 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Crown Molding
  • Recessed Lighting
  • Drapes & Rods
  • Blinds
  • Window Screens
  • Sliding Doors
  • Family Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 7945
  • Assessor Parcel Number 93346021

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Community Pool
  • Community Spa

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Cable TV Expense $1,200
  • Electric Expense $1,800
  • Fuel Expense $600
  • Furniture Replacement Expense $1,200
  • Insurance Expense $1,327
  • Maintenance Expense $4,440
  • Other Expense $11,229
  • Professional Management Expense $17,193
  • Trash Expense $480
  • Water Sewer Expense $720
  • New Taxes Expense $6,300
  • Operating Expense $47,025
  • Gross Income $79,086
  • Net Operating Income $32,061

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,573

Year Built

Built in 1974

Lot Details

0

Parking

1

Listing Details

  • CapRate: 6.10
  • Inclusions: All Furniture, Appliances, Furnishings and Supplies used to Operate the STR
  • Professional Management Expense: 17193.00
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Kaleidoscope
  • View: Yes
  • Water Sewer Expenses: 720.00
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 93346021
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Crown Molding, Furnished, Granite Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 516.22
  • Room Type: All Bedrooms Up, Master Bedroom, Walk-In Closet
  • Spa Features: Association, Heated, In Ground
  • Window Features: Blinds, Drapes, Screens

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Features: Association, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Cable TV Expense: 1200.00
  • Electric Expense: 1800.00
  • Fuel Expense: 600.00
  • Furniture Replacement Expense: 1200.00
  • Gross Income: 79086.00
  • Gross Operating Income: 79086.00
  • Gross Scheduled Income: 92345.00
  • Insurance Expense: 1327.00
  • Maintenance Expense: 4440.00
  • Maintenance Percent: 9.40
  • Net Operating Income: 32061.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 47025.00
  • Operating Expense Percent: 59.50
  • Other Expense: 11229.00
  • Other Expense Description: TOT & CC
  • Rent Control: Yes
  • Total Expenses: 47025.00
  • Vacancy Allowance: 13259
  • Vacancy Allowance Rate: 14.30

Tax Info

  • New Taxes Expense: 6300.00
  • Tax Census Tract: 875.05
  • Tax Lot: 2
  • Tax Tract Number: 7945

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 19, 2020
Sold by
Andronesi Ieronim and Andronesi Mirel
Bought by
Deng Tony H and Deng Eve Yu
Seller's Agent
Keith Powers
Alta Realty Group CA, Inc
Buyer's Agent
Eve Deng
Realty One Group West
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$593,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,847
Avg. Annual Appreciation
2.69%
Original Mortgage
$282,100
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2018
Sold by
Andronesi Ieronim and Andronesi Mirela
Bought by
Andronesi Ieronim and Andronesi Mirela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2015
Sold by
Andronesi Ieronim and Andronesi Christopher I
Bought by
Andronesi Mirela and Andronesi Ieronim

Purchase Details

Closed on
Jun 9, 2011
Sold by
Andronesi Ieronim and Andonesi Ieronim
Bought by
Andronesi Christopher and Andronesi Ieronim

Purchase Details

Closed on
Apr 14, 2010
Sold by
Garcia Alicia
Bought by
Diaz Gaudencio

Purchase Details

Closed on
Mar 12, 2010
Sold by
Diaz Gaudencio
Bought by
Andonesi Ieronim

Purchase Details

Closed on
Feb 10, 2005
Sold by
Diaz Guadencio
Bought by
Diaz Guadencio and Garcia Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2005
Sold by
Hays Cristina C and Hays Christina C
Bought by
Diaz Gaudencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2004
Sold by
Hays Damien L
Bought by
Hays Cristina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2004
Sold by
Peach Mark W
Bought by
Hays Christina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2000
Sold by
Session Lynda
Bought by
Peach Mark W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,160
Interest Rate
7.67%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Deng Tony H $525,000 North American Title Company
Andronesi Ieronim -- Priority Title
Andronesi Mirela -- None Available
Andronesi Christopher -- Ticor Title Company
Diaz Gaudencio -- Ticor Title Tustin Orange
Andonesi Ieronim $151,000 Ticor Title Tustin Orange
Diaz Guadencio -- --
Diaz Gaudencio $325,000 Ticor Title
Hays Cristina C -- Chicago Title Co
Hays Christina C $305,000 Chicago Title Co
Peach Mark W $132,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deng Tony H $280,000
Closed Deng Tony H $282,100
Previous Owner Andronesi Ieronim $269,000
Previous Owner Diaz Gaudencio $40,500
Previous Owner Diaz Gaudencio $324,000
Previous Owner Diaz Gaudencio $260,000
Previous Owner Hays Christina C $185,000
Previous Owner Peach Mark W $143,500
Previous Owner Peach Mark W $130,000
Previous Owner Peach Mark W $116,160
Closed Diaz Gaudencio $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $525,000 0.0% $516 / Sq Ft
02/08/2020 02/08/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $525,000 -- $516 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $6,573 $574,162 $464,799 $109,363
2024 $6,573 $562,904 $455,685 $107,219
2023 $6,436 $551,867 $446,750 $105,117
2022 $6,357 $541,047 $437,991 $103,056
2021 $6,369 $530,439 $429,403 $101,036
2020 $2,387 $178,218 $112,951 $65,267
2019 $2,321 $174,724 $110,736 $63,988
2018 $2,276 $171,299 $108,565 $62,734
2017 $2,191 $167,941 $106,437 $61,504
2016 $2,184 $164,649 $104,350 $60,299
2015 $2,163 $162,176 $102,782 $59,394
2014 $2,038 $159,000 $100,769 $58,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20023612

California Regional Multiple Listing Service (CRMLS)

APN: 933-460-21