NOT LISTED FOR SALE

Estimated Value: $740,000 - $898,000

8 Beds
4 Baths
3,640 Sq Ft
$221/Sq Ft Est. Value

Last Sold October 24, 2019

Last sale price $485,000 $133 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,902/month

1 Day on Market

Highlights

  • Mountain View
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Evaporated cooling system
  • Turnkey

About This Home

As of October 2019

FHA and VA loan Qualified! Buy a 4plex and live in one and rent the other 3 units. 0% down for VA and only 3.5% down for FHA loan. Large 2 bedroom and 1 bath units, 910 Sq.Ft. per unit, fully occupied! Over sized 1 Car Garage per unit. Laundry Hookups in garage. Owner Pays Water & Trash only. Tenants pay gas, electric, phone and cable. Property is professionally managed. $42960 in proforma gross yearly rents. One roof was completely replaced in 2017. Exterior was completely repainted in 2017. Property is currently on septic, no sewer lines run down Orange so no requirements to hook up to city sewer.

Last Agent to Sell the Property

Bradley Petersen

Pay It Forward Realty License #01724042 Listed on: 09/16/2019

Last Buyer's Agent

Diane Nguyen

Redpoint Realty License #01389452

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,852

Year Built

  • Built in 1985

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 82' x 150'
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Front Yard

Parking

  • 8 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Driveway
  • Unassigned Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,640 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Kitchen

  • Free-Standing Range
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 18
  • Assessor Parcel Number 0413131010000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,300
  • Professional Management Expense $2,578
  • Trash Expense $1,500
  • Water Sewer Expense $1,375
  • New Taxes Expense $5,999
  • Operating Expense $15,251
  • Gross Income $25,990
  • Net Operating Income $25,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,852

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.20
  • Price Per Unit: 125000
  • Professional Management Expense: 2578.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1375.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0413131010000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 133.24

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Unassigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft
  • Lot Size: 82' x 150'
  • Lot Size Sq Ft: 12300.00
  • Lot Size Acres: 0.2824

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 910 Square Feet
  • Gross Income: 25990.00
  • Gross Scheduled Income: 42960.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 12300.0000 Square Feet
  • Net Operating Income: 25990.00
  • Number Of Rented Garages: 4
  • 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
  • Number With Carpet: 3
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 15251.00
  • Rent Control: No
  • Total Expenses: 15251.00

Tax Info

  • New Taxes Expense: 5999.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Sep 25, 2019
Sold by
Peterson Bradley
Bought by
Tong Eric and Tong Stephanie
Seller's Agent
Bradley Petersen
Pay It Forward Realty
Buyer's Agent
Diane Nguyen
Redpoint Realty
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Current Estimated Value
$806,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,154
Avg. Annual Appreciation
9.18%
Original Mortgage
$363,750
Outstanding Balance
$320,065
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$487,896

Purchase Details

Listed on
Aug 24, 2016
Closed on
Sep 6, 2016
Sold by
Ruggless Craig G
Bought by
Petersen Bradley
Seller's Agent
Bradley Petersen
Pay It Forward Realty
Buyer's Agent
Bradley Petersen
Pay It Forward Realty
List Price
$375,000
Sold Price
$330,000
Premium/Discount to List
-$45,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$337,920
Interest Rate
3.44%
Mortgage Type
VA

Purchase Details

Closed on
Jul 27, 2006
Sold by
Baietti Michael Lawrence
Bought by
Ruggless Craig G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2003
Sold by
Baietti Michael L
Bought by
Baietti Michael Lawrence and Ruggless Craig Gaylord

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2001
Sold by
Baietti Michael L
Bought by
Baietti Michael Lawrence and Ruggless Craig Gaylord

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,850
Interest Rate
6.62%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Wendt Paul
Bought by
Baietti Michael L and Ruggless Craig G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,850
Interest Rate
6.62%

Purchase Details

Closed on
Nov 8, 2001
Sold by
Baietti Michael L
Bought by
Baietti Michael Lawrence and Ruggless Craig Gaylord

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,850
Interest Rate
6.62%

Purchase Details

Closed on
Oct 10, 1996
Sold by
Lupton Earl R
Bought by
Wendt Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,648
Interest Rate
7.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tong Eric $485,000 Stewart Title Of Ca Inc
Petersen Bradley $330,000 Stewart Title Of California
Ruggless Craig G -- Southland Title Corporation
Baietti Michael Lawrence -- Fidelity National Title
Baietti Michael L -- Fidelity National Title
Baietti Michael Lawrence -- North American Title Co
Baietti Michael L $140,000 Fidelity National Title Ins
Baietti Michael Lawrence -- Fidelity National Title Ins
Wendt Paul $98,500 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tong Eric $363,750
Previous Owner Petersen Bradley $337,920
Previous Owner Ruggless Craig G $104,000
Previous Owner Baietti Michael L $104,000
Previous Owner Baietti Michael L $101,850
Previous Owner Wendt Paul $97,648
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2019 10/24/19 Sold $485,000 -3.0% $133 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $499,900 +51.5% $137 / Sq Ft
10/06/2016 10/06/16 Sold $330,000 -12.0% $91 / Sq Ft
09/04/2016 09/04/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $375,000 -- $103 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $5,852 $530,418 $109,364 $421,054
2024 $5,852 $520,018 $107,220 $412,798
2023 $5,789 $509,822 $105,118 $404,704
2022 $5,656 $499,826 $103,057 $396,769
2021 $5,555 $490,025 $101,036 $388,989
2020 $5,490 $350,198 $21,224 $328,974
2019 $3,872 $343,332 $20,808 $322,524
2018 $3,799 $336,600 $20,400 $316,200
2017 $3,662 $330,000 $20,000 $310,000
2016 $3,567 $310,883 $61,580 $249,303
2015 $3,523 $306,213 $60,655 $245,558
2014 $3,477 $300,215 $59,467 $240,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19219471

California Regional Multiple Listing Service (CRMLS)

APN: 0413-131-01