NOT LISTED FOR SALE
2 Beds
2 Baths
-- Sq Ft
1.03 Acres

Last Sold July 26, 2024

Last sale price $8,200,000

25 Days on Market

Highlights

  • 1.03 Acre Lot
  • Lawn
  • Laundry Room
  • Morningside Elementary School Rated A

About This Home

As of July 2024

WELCOME TO THE CANTEBURY SQUARE APTS, 22 LARGE CONDO STYLE UNITS BUILT IN 1987! ALL LARGE 2 BEDROOM + 2 BATH UNITS, EACH UNIT
HAS 2 GARAGE SPACES AND A PRIVATE PATIO OR BALCONY, A GREAT GARDEN GROVE LOCATION, VERY QUIET QUAL-DE-SAC STREET WITH EASY ACCESS TO THE 22 FREEWAY AND CLOSE TO LITTLE SAIGON! HUGE LOT OVER 44, 000 SQUARE FEET CONSISTING OF 3 APT BUILDINGS WITH 44 GARAGES SPACES AND 11 OPEN SPACES. ALL UNITS HAVE INDIVIDUAL GAS AND ELECTRIC METERS AND HOUSE PAID SOLAR FOR LOW ELECTRIC BILLS. FIRST TIME ON THE MARKET IN OVER 27 YRS! CALL AGENT FOR OM!

Last Agent to Sell the Property

Gregg Horvath

R.L.M. Equities Brokerage Phone: 714-290-0298 License #01007015 Listed on: 04/18/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 1.03 Acre Lot
  • 1 Common Wall
  • Lawn

Parking

  • 44 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 856
  • Assessor Parcel Number 09917353
  • $6,212 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 22 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $180,600
  • Gross Income $516,000
  • Net Operating Income $335,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

44

Listing Details

  • Ad Number: 7142900298
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 09917353
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 44.00
  • Total Parking Spaces: 44.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 44897.00
  • Lot Size Acres: 1.0307
  • Latitude Manual: 33.75721800

Multi Family

  • Gross Income: 516000.00
  • Gross Scheduled Income: 516000.00
  • Laundry Income: 5000.00
  • Lot Size Area: 44897.0000 Square Feet
  • Net Operating Income: 335400.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 180600.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Expenses: 180600.00

Tax Info

  • Tax Census Tract: 889.03
  • Tax Lot: 3
  • Tax Tract Number: 856
  • TaxOtherAnnualAssessmentAmount: 6212.00

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
07/26/2024 07/26/24 Sold $8,200,000 -3.5% --
05/13/2024 05/13/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $8,500,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24077658

California Regional Multiple Listing Service (CRMLS)