NOT LISTED FOR SALE

1565 Spruce St Placentia, CA 92870

8 Beds
4 Baths
3,500 Sq Ft
7,405 Sq Ft Lot

Last Sold April 06, 2017

Last sale price $1,400,000 $400 Per Sq Ft

173 Days on Market

Highlights

  • Forced Air Heating System
  • Van Buren Elementary School Rated A
  • 6 Car Garage

About This Home

As of April 2017

Rare newer construction tri-plex in North Orange County. Always occupied and in great condition. Upper 2 bedroom units are very large with granite counter tops and upgraded bathrooms and cabinetry. Downstairs is a 4 bedroom/ 2 bathroom. 3 2-car garages attached to unit and additional on site parking.

Next door 10 town homes are under construction and will complete the cul de sac street and will sell in the high $500,000's. You can buy a 40 year old building, struggle to keep it occupied and spend a ton of money on upkeep or buy this turn-key, fully leased building. Seller built this in 2006 for $1,500,000 and it would cost more to build it now. "Sister" building across the street is also for sale for the same price and both properties must close concurrently

Last Agent to Sell the Property

Lauren Brady

Partners Real Estate Group License #01957751 Listed on: 09/19/2016

Last Buyer's Agent

Stephanie St Pierre

Seven Gables Real Estate License #00688286

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 3,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • Forced Air Heating System

Community Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,900
  • Insurance Expense $1,000
  • Professional Management Expense $3,600
  • Operating Expense $6,500
  • Gross Income $6,350
  • Net Operating Income $3,820

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 666
  • Assessor Parcel Number 34136604

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 1900.00
  • Parcel Number: 34136604
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 400.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00

Multi Family

  • Average2 Bed Area: 980 Square Feet
  • Gross Income: 6350.00
  • Gross Scheduled Income: 81600.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 3820.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Operating Expense: 64800.00
  • Rent Control: No
  • Total Expenses: 6500.00

Tax Info

  • Tax Census Tract: 218.21
  • Tax Lot: 14
  • Tax Tract Number: 666

Range of Values:

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Sold Price
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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
04/06/2017 04/06/17 Sold $1,400,000 -6.4% $400 / Sq Ft
03/11/2017 03/11/17 Pending -- -- --
09/19/2016 09/19/16 For Sale $1,495,000 0.0% $427 / Sq Ft
08/15/2014 08/15/14 Rented $1,750 0.0% --
08/15/2014 08/15/14 For Rent $1,750 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lauren Brady

    Partners Real Estate Group

    (714) 528-3100

    2 Total Sales

    Lauren Brady
    Section Image
  • Stephanie St Pierre

    Buyer's Agent in 2017

    Stephanie St Pierre

    Seven Gables Real Estate

    (714) 404-6411

    46 Total Sales

    Stephanie St Pierre
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16705806

California Regional Multiple Listing Service (CRMLS)
California Orange County Placentia 92870

1565 Spruce St, Placentia, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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