NOT LISTED FOR SALE
6 Beds
4 Baths
2,800 Sq Ft
6,098 Sq Ft Lot

Last Sold September 10, 2013

Last sale price $920,000 $329 Per Sq Ft

39 Days on Market

About This Home

As of September 2013

Investors welcome to one of the most sought after location in the city, The East Side. The property is a fourplex featuring two units of 2 bedrooms/ 1 bathroom and two units of 1 bedroom/ 1 bathroom. The property has been well maintained and features a laundry room, a shared four car garage, deck and patio. The city is host to South Coast Plaza, the Orange County Fairgrounds, Orange Coast College and Vanguard University. The apartments are walking distance to parks, schools and recreation. All the beaches of Newport Beach are just down Newport Blvd.

Last Agent to Sell the Property

Cheryl Johnston

Surterre Properties Inc. License #00773540 Listed on: 07/17/2013

Surterre Properties Inc.

Last Buyer's Agent

Edward Jacuinde

Edward Jacuinde Real Estate License #01771487

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 58 x 102
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Community Parking Structure

Home Design

  • 2,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Leased Washer and Dryer
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 231 / K
  • Tax Tract Number 632
  • Assessor Parcel Number 42618204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $396
  • Insurance Expense $1,910
  • Professional Management Expense $4,112
  • Trash Expense $756
  • Water Sewer Expense $1,620
  • New Taxes Expense $11,940
  • Gross Income $4,895
  • Net Operating Income $38,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 4112.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside South (ESCM)
  • Water Sewer Expenses: 1620.00
  • Property Type: Residential Income
  • Parcel Number: 42618204
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 328.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Community Structure
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Trash Expense: 756.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size: 58 x 102
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 396.00
  • Gross Income: 4895.00
  • Gross Scheduled Income: 58740.00
  • Insurance Expense: 1910.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 38420.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20320.00
  • Other Income Description: 120 gross monthly on laundry
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11940.00
  • Tax Area: 15007
  • Tax Block: K
  • Tax Lot: 231
  • Tax Tract Number: 632
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
09/10/2013 09/10/13 Sold $920,000 -7.5% $329 / Sq Ft
08/25/2013 08/25/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $995,000 -- $355 / 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 $13,505 $1,128,403 $1,032,570 $95,833
2024 $13,505 $1,106,278 $1,012,324 $93,954
2023 $13,097 $1,084,587 $992,475 $92,112
2022 $12,623 $1,063,321 $973,015 $90,306
2021 $12,180 $1,042,472 $953,936 $88,536
2020 $12,064 $1,031,783 $944,154 $87,629
2019 $11,835 $1,011,552 $925,641 $85,911
2018 $11,610 $991,718 $907,491 $84,227
2017 $11,412 $972,273 $889,697 $82,576
2016 $11,165 $953,209 $872,252 $80,957
2015 $11,052 $938,891 $859,150 $79,741
2014 $10,795 $920,500 $842,321 $78,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13141240

California Regional Multiple Listing Service (CRMLS)

APN: 426-182-04