$4,100,000
SOLD NOV 20, 2024
20 Beds
10 Baths
9,920 Sq Ft
0.72 Acres

Recently Sold

$413 Per Sq Ft

9% Below List Price

84 Days on Market

Highlights

  • 0.72 Acre Lot
  • Private Yard
  • Laundry Room
  • Hayden Elementary School Rated A-
  • No HOA
  • 1-Story Property

About This Home

As of November 2024

This rare gem, not on the market since 1988, is nestled in a fantastic neighborhood near the heart of Little Saigon. Don't miss out on this investment opportunity to own ten units on one property. The property comprises four single-family residences and three duplexes. All units are single-story with 2 bedrooms and 1 bathroom. Each unit also has washer/dryer hookups and an attached 1-car garage, with ample additional parking available. Additionally, the lot has the potential to accommodate more units, buyer to verify.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty Brokerage Email: Liz@ElizabethDo.com License #01473012 Listed on: 06/05/2024

Keller Williams Realty

Last Buyer's Agent

Charles Vu

Optimum Realty License #00957332

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.72 Acre Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 10 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 9,920 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 2690
  • Assessor Parcel Number 09742206
  • $5,528 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,345
  • Maintenance Expense $6,000
  • Other Expense $49,500
  • Trash Expense $400
  • Water Sewer Expense $2,000
  • Operating Expense $62,245
  • Gross Income $180,120
  • Net Operating Income $117,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

10

Listing Details

  • Other Phone Description: 714-317-7243
  • Price Per Unit: 450000
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: R1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 09742206
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 413.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 31363.00
  • Lot Size Acres: 0.7200

Multi Family

  • Gross Operating Income: 180120.00
  • Gross Scheduled Income: 189600.00
  • Insurance Expense: 4345.00
  • Lot Size Area: 31363.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 117875.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 62245.00
  • Other Expense: 49500.00
  • Other Expense Description: Taxes
  • Rent Control: No
  • Total Actual Rent: 15800.00
  • Total Expenses: 62245.00
  • Vacancy Allowance: 5
  • Vacancy Allowance Rate: 948.00

Tax Info

  • Tax Census Tract: 998.03
  • Tax Lot: 28
  • Tax Tract Number: 2690
  • TaxOtherAnnualAssessmentAmount: 5528.00

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 Change Sq Ft Price
11/20/2024 11/20/24 Sold $4,100,000 -8.9% $413 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $4,500,000 -- $454 / Sq Ft
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: OC24104790

California Regional Multiple Listing Service (CRMLS)