NOT LISTED FOR SALE
8 Beds
4 Baths
3,328 Sq Ft
7,070 Sq Ft Lot

Sale Details

Date Sold: August 31, 2023

Last sale price $1,350,000 $406 Per Sq Ft

1 Day on Market

About This Home

As of August 2023

Great investment opportunity! Fourplex with all units rented out with great rental income *** Each unit is a 2 bedroom and 1 bath, and one parking space *****

Last Agent to Sell the Property

Truman Nhu

CENTURY 21 Masters License #01110101 Listed on: 07/26/2023

CENTURY 21 Masters

Last Buyer's Agent

Vinh Dinh

Novia Home, Inc License #01352876

Novia Home, Inc
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 7,070 Sq Ft Lot

Home Design

  • Quadruplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $120,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $2,000
  • Manager Expense $12,000
  • Utility Expense $6,000
  • Trash Expense $2,670
  • Operating Expense $48,216
  • Gross Income $119,394

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

7,070 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3328
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: No Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1623
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7068.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7068.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 12.85
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 1800
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expense Management: 12000
  • Expenses Total: 48216
  • Expenses Utility: 6000
  • Expense Trash: 2670
  • Income Annual Gross: 119394.00
  • Income Annual Rental: 120000
  • Income Gross Scheduled: 120600
  • Income Includes: Laundry, Rents
  • Income Other: 600
  • Meters: Master Electric, Master Water, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Maintenance - Laundry, Maintenance - Repair, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1

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
Jul 26, 2023
Closed on
Aug 28, 2023
Sold by
Bought by
Seller's Agent
Truman Nhu
CENTURY 21 Masters
Buyer's Agent
Vinh Dinh
Novia Home, Inc
List Price
$1,550,000
Sold Price
$1,350,000
Premium/Discount to List
-$200,000
-12.9%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 26, 2023
Closed on
Aug 24, 2023
Sold by
Bought by
Seller's Agent
Truman Nhu
CENTURY 21 Masters
Buyer's Agent
Vinh Dinh
Novia Home, Inc
List Price
$1,550,000
Sold Price
$1,350,000
Premium/Discount to List
-$200,000
-12.9%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 26, 2023
Closed on
Jul 12, 2023
Sold by
Bought by
Seller's Agent
Truman Nhu
CENTURY 21 Masters
Buyer's Agent
Vinh Dinh
Novia Home, Inc
List Price
$1,550,000
Sold Price
$1,350,000
Premium/Discount to List
-$200,000
-12.9%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$810,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2006
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
-- Orange Coast Title
$1,350,000 Orange Coast Title
-- None Listed On Document
-- None Available
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 $795,000
Closed $810,000
Previous Owner $206,200
Previous Owner $160,000
Previous Owner $200,000
Previous Owner $150,000
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
08/31/2023 08/31/23 Sold $1,350,000 -12.9% $406 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $1,550,000 -- $466 / Sq Ft
Source: MLSListings

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 $19,826 $1,404,540 $936,360 $468,180
2025 $19,303 $1,377,000 $918,000 $459,000
2024 $19,303 $1,350,000 $900,000 $450,000
2023 $23,039 $1,632,000 $1,224,000 $408,000
2022 $22,546 $1,600,000 $1,200,000 $400,000
2021 $6,038 $312,889 $95,690 $217,199
2020 $5,886 $309,681 $94,709 $214,972
2019 $5,673 $303,609 $92,852 $210,757
2018 $5,649 $297,657 $91,032 $206,625
2017 $5,568 $291,822 $89,248 $202,574
2016 $5,287 $286,101 $87,499 $198,602
2015 $5,150 $281,804 $86,185 $195,619
2014 $4,925 $276,285 $84,497 $191,788
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81936243

MLSListings

APN: 477-32-172

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