NOT LISTED FOR SALE
1 Bed
1 Bath
16,888 Sq Ft
25,706 Sq Ft Lot

Last Sold September 19, 2017

Last sale price $4,140,000 $245 Per Sq Ft

8 Days on Market

Highlights

  • Private Pool
  • 25,706 Sq Ft lot
  • Laundry Room
  • John O. Tynes Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of September 2017

Shelter Cove is a 22-unit multi-family investment in the City of Anaheim. It is comprised entire of large one-bedroom/one-bathroom units. Each apartment comes with gas wall heating, wall air conditioning, a spacious kitchen, cable TV prewiring, a balcony or patio, an individual hot water heater, and a private enclosed garage. The property has been owned and operated by the same group for over 30 years with great care and consistent attention to the maintenance needs of the property and its residents. Salient Features: Extremely Well Maintained 1960’s Construction, Located on the Border of Anaheim & Fullerton in a high-demand rental market, Close Proximity to the 91 and 5 Freeways, Close to several North Orange County Major Employment Centers, Near Popular Entertainment Centers Including Angels Stadium, Honda Center, and the Disneyland Resort

Last Agent to Sell the Property

Michael Cavner

William Michael Cavner, Broker License #01274709 Listed on: 07/13/2017

Last Buyer's Agent

Michael Cavner

William Michael Cavner, Broker License #01274709 Listed on: 07/13/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.59 Acre Lot
  • No Common Walls

Parking

  • 28 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 16,888 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Pool

  • Private Pool
  • Fence Around Pool

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 07356318

Community Details

Overview

  • 4 Buildings
  • 22 Units

Amenities

  • Laundry Facilities

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,402
  • Gardener Expense $6,600
  • Insurance Expense $4,222
  • Maintenance Expense $13,200
  • Professional Management Expense $11,580
  • Supplies Expense $4,737
  • Trash Expense $4,402
  • Water Sewer Expense $6,453
  • New Taxes Expense $50,042
  • Operating Expense $117,882
  • Gross Income $298,035
  • Net Operating Income $171,624

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.59 Acres

Parking

28

Listing Details

  • CapRate: 4.15
  • Professional Management Expense: 11580.00
  • Property Attached: No
  • Supplies Expense: 4737.00
  • Water Sewer Expenses: 6453.00
  • Property Type: Residential Income
  • Gardener Expense: 6600.00
  • Parcel Number: 07356318
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 245.14

Exterior Features

  • Foundation: Slab
  • Pool Features: Private, Fenced
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 28.00
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4402.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 25706.00

Multi Family

  • Average1 Bed Area: 768 Square Feet
  • Electric Expense: 4402.00
  • Gross Income: 298035.00
  • Gross Multiplier: 13.89
  • Gross Operating Income: 289507.00
  • Gross Scheduled Income: 298035.00
  • Insurance Expense: 4222.00
  • Maintenance Expense: 13200.00
  • Net Operating Income: 171624.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Number With Disposal: 22
  • Number With Patio: 11
  • Operating Expense: 117882.00
  • Operating Expense Percent: 39.60
  • Rent Control: No
  • Total Expenses: 117882.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 50042.00
  • Tax Census Tract: 116.02
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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
09/19/2017 09/19/17 Sold $4,140,000 0.0% $245 / Sq Ft
07/13/2017 07/13/17 For Sale $4,140,000 -- $245 / 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 $54,703 $4,710,611 $3,413,488 $1,297,123
2024 $54,703 $4,618,247 $3,346,557 $1,271,690
2023 $53,749 $4,527,694 $3,280,939 $1,246,755
2022 $53,285 $4,438,916 $3,216,607 $1,222,309
2021 $52,412 $4,351,879 $3,153,536 $1,198,343
2020 $52,516 $4,307,256 $3,121,200 $1,186,056
2019 $50,758 $4,222,800 $3,060,000 $1,162,800
2018 $50,148 $4,140,000 $3,000,000 $1,140,000
2017 $27,590 $2,059,274 $1,224,189 $835,085
2016 $27,070 $2,018,897 $1,200,186 $818,711
2015 $26,759 $1,988,572 $1,182,158 $806,414
2014 $26,005 $1,949,619 $1,159,001 $790,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17163535

California Regional Multiple Listing Service (CRMLS)
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