NOT LISTED FOR SALE
9 Beds
7 Baths
4,454 Sq Ft
7,754 Sq Ft Lot

Last Sold October 30, 2015

Last sale price $840,000 $189 Per Sq Ft

107 Days on Market

About This Home

As of October 2015

SELLER ASKS TO SEE ALL OFFERS! The subject property offers the ability to purchase, upgrade through rehab, and increase income in a very solid rental market. The units are large, individually metered for gas and electricity, two of the units are townhouses, and there are 3 single car garages and 1 double car garage. Property is subject to an inspection.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 04/14/2015

Last Buyer's Agent

Juan Rivera

Maxi Realty Group License #01299236

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,770 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,454 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 073
  • Tax Tract Number 563
  • Assessor Parcel Number 07356314

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Water Sewer Expense $2,268
  • New Taxes Expense $10,638
  • Gross Income $5,250
  • Net Operating Income $45,946

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

7,770 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.11
  • Property Attached: Yes
  • Water Sewer Expenses: 2268.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 07356314
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 188.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7770.00
  • Price Per Lot Square Foot: 108.11
  • Lot Size Acres: 0.1780

Multi Family

  • Gross Income: 5250.00
  • Gross Multiplier: 14.29
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7770.0000 Square Feet
  • Net Operating Income: 45946.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15164.00
  • Operating Expense Percent: 24.00
  • Rent Control: No
  • Total Actual Rent: 5250.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10638.00
  • Taxes Percent: 1.25
  • Tax Lot: 073
  • Tax Tract Number: 563
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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
10/30/2015 10/30/15 Sold $840,000 -6.7% $189 / Sq Ft
07/30/2015 07/30/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $900,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $11,391 $994,386 $811,621 $182,765
2024 $11,391 $974,889 $795,707 $179,182
2023 $11,195 $955,774 $780,105 $175,669
2022 $11,102 $937,034 $764,809 $172,225
2021 $10,920 $918,661 $749,812 $168,849
2020 $10,944 $909,242 $742,124 $167,118
2019 $10,573 $891,414 $727,572 $163,842
2018 $10,446 $873,936 $713,306 $160,630
2017 $10,279 $856,800 $699,319 $157,481
2016 $10,076 $840,000 $685,606 $154,394
2015 $8,320 $676,637 $504,786 $171,851
2014 $8,080 $663,383 $494,898 $168,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15078148

California Regional Multiple Listing Service (CRMLS)

APN: 073-563-14

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