$1,300,000
SOLD AUG 26, 2013

14916 Gagely Dr La Mirada, CA 90638

13 Beds
11 Baths
6,295 Sq Ft
8,027 Sq Ft Lot

Recently Sold

$207 Per Sq Ft

4% Below List Price

96 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Gardenhill Elementary School Rated A-
  • Carpet

About This Home

As of August 2013

6 Beautiful Units in the Prime area of La Mirada. Lots of Garages. High end finishes like Granite, designer paint and tile. Unit 6 is ready for a new tenant as it was just totally refurbished. New Kitchen cabinets, Granite, Tile floors and Bathrooms. New carpet in bedrooms. Community Laundry room for extra income. Community Patio and well kept gassy yard. 2 private patios. Near Biola University.

Last Agent to Sell the Property

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 05/22/2013

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837 Listed on: 05/22/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,027 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 9 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 6,295 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 11 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 12
  • Tax Tract Number 23886
  • Assessor Parcel Number 8041024012

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 7 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $849
  • Gardener Expense $480
  • Insurance Expense $2,984
  • Professional Management Expense $7,434
  • Trash Expense $791
  • Water Sewer Expense $1,583
  • New Taxes Expense $16,875
  • Gross Income $9,425
  • Net Operating Income $84,941

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

9

Listing Details

  • CapRate: 6.29
  • Price Per Unit: 225000
  • Professional Management Expense: 7434.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1583.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 8041024012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 206.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 791.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8027.00
  • Lot Size Acres: 0.1840

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average2 Bed Area: 1100
  • Average3 Bed Area: 1200
  • Electric Expense: 849.00
  • Gross Income: 9425.00
  • Gross Multiplier: 11.33
  • Gross Scheduled Income: 119100.00
  • Gross Spendable Income: 84941.00
  • Insurance Expense: 2984.00
  • Lot Size Area: 8027.0000 Square Feet
  • Net Operating Income: 84941.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Number Wall A C: 5
  • Operating Expense: 28204.00
  • Operating Expense Percent: 5.00
  • Rent Control: No
  • Vacancy Allowance: 5955
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Lot: 12
  • Tax Tract Number: 23886
  • Tax Year: 2012

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
04/30/2022 04/30/22 Rented $1,895 0.0% --
04/16/2022 04/16/22 Under Contract -- -- --
03/09/2022 03/09/22 Price Changed $1,895 -5.0% $2 / Sq Ft
02/06/2022 02/06/22 For Rent $1,995 +11.1% --
10/03/2020 10/03/20 Rented $1,795 0.0% --
09/05/2020 09/05/20 Price Changed $1,795 0.0% $1 / Sq Ft
09/05/2020 09/05/20 For Rent $1,795 +5.9% --
04/23/2018 04/23/18 Rented $1,695 0.0% --
03/27/2018 03/27/18 Price Changed $1,695 -5.6% $0 / Sq Ft
02/01/2018 02/01/18 For Rent $1,795 +12.5% --
05/21/2016 05/21/16 Rented $1,595 0.0% --
04/03/2016 04/03/16 For Rent $1,595 0.0% --
02/02/2015 02/02/15 Rented $1,595 0.0% --
02/02/2015 02/02/15 For Rent $1,595 -11.1% --
09/06/2014 09/06/14 Rented $1,795 0.0% --
09/06/2014 09/06/14 For Rent $1,795 +20.1% --
04/14/2014 04/14/14 Rented $1,495 0.0% --
04/14/2014 04/14/14 For Rent $1,495 0.0% --
08/26/2013 08/26/13 Sold $1,300,000 -3.7% $207 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $1,349,999 +44.4% $214 / Sq Ft
01/11/2013 01/11/13 Sold $935,000 -6.5% $149 / Sq Ft
01/11/2013 01/11/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $1,000,000 -- $159 / 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: PW13095842

California Regional Multiple Listing Service (CRMLS)