NOT LISTED FOR SALE
9 Beds
8 Baths
4,320 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: February 28, 2017

Last sale price $1,495,000 $346 Per Sq Ft

42 Days on Market

Highlights

  • Corner Lot
  • Helen Stacey Intermediate School Rated A-
  • Wood Burning Fireplace

About This Home

As of February 2017

Cash Flow! NAI is pleased to present the exclusive sale of a 4 + 1 (Non Conforming) Unit apartment complex is desirable Westminster, CA. The property features interior washer / dryer hookups with central heating and individual water heaters in most of the units. There are 6 garages spaces in addition to 2 open spaces. There is upside in rents as well. New ownership can place new, 30 year fixed 1-4 unit residential financing on this asset

Last Agent to Sell the Property

Stephen Heri

S A Heri, Inc. License #01871726 Listed on: 01/05/2017

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 11,761 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,320 Sq Ft Home
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 859
  • Assessor Parcel Number 09634218

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 5 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,431
  • Other Expense $3,700
  • Water Sewer Expense $720
  • New Taxes Expense $16,262
  • Operating Expense $22,113
  • Gross Income $4,380
  • Net Operating Income $69,567

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.27 Acres

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Parcel Number: 09634218
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Wood Burning
  • Price Per Square Foot: 346.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11761.00

Multi Family

  • Gross Income: 4380.00
  • Gross Operating Income: 87300.00
  • Gross Scheduled Income: 94380.00
  • Insurance Expense: 1431.00
  • Net Operating Income: 69567.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 5
  • Number Of Units Total: 4
  • Operating Expense: 22113.00
  • Other Expense: 3700.00
  • Other Expense Description: Mnt&Gard
  • Rent Control: No
  • Total Actual Rent: 7500.00
  • Total Expenses: 22113.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16262.00
  • Tax Census Tract: 998.02
  • Tax Lot: 22
  • Tax Tract Number: 859

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

Closed on
Nov 20, 2021
Sold by
Bought by

Purchase Details

Closed on
Feb 20, 2018
Sold by
Bought by

Purchase Details

Listed on
Jan 5, 2017
Closed on
Feb 16, 2017
Sold by
Bought by
Seller's Agent
Stephen Heri
S A Heri, Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,495,000
Sold Price
$1,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0357%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
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
$300,000
Interest Rate
0.0357%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Available
-- None Available
$1,495,000 None Available
$1,250,000 Commonwealth Land 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
Previous Owner $815,650
Previous Owner $300,000
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
02/28/2017 02/28/17 Sold $1,495,000 0.0% $346 / Sq Ft
02/16/2017 02/16/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $1,495,000 0.0% $346 / Sq Ft
06/15/2013 06/15/13 Rented $1,650 -15.4% --
06/08/2013 06/08/13 Under Contract -- -- --
01/21/2013 01/21/13 For Rent $1,950 -- --
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
2025 $21,808 $1,735,072 $1,476,876 $258,196
2024 $21,505 $1,701,051 $1,447,917 $253,134
2023 $20,781 $1,667,698 $1,419,527 $248,171
2022 $20,457 $1,634,999 $1,391,694 $243,305
2021 $19,928 $1,602,941 $1,364,406 $238,535
2020 $19,702 $1,586,505 $1,350,415 $236,090
2019 $19,489 $1,555,398 $1,323,937 $231,461
2018 $19,492 $1,524,900 $1,297,977 $226,923
2017 $16,075 $1,250,000 $1,012,202 $237,798
2016 $9,240 $641,110 $360,647 $280,463
2015 $9,102 $631,480 $355,229 $276,251
2014 $8,923 $619,111 $348,271 $270,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17003539

California Regional Multiple Listing Service (CRMLS)

APN: 096-342-18

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