$2,925,000
SOLD AUG 25, 2025
2 Beds
2 Baths
8,577 Sq Ft
20,099 Sq Ft Lot

Recently Sold

$341 Per Sq Ft

4% Below List Price

10 Days on Market

Highlights

  • 0.46 Acre Lot
  • Laundry Room
  • 2-minute walk to Saddleback View Park
  • Cul-De-Sac

About This Home

As of August 2025

First time on the market in over 40 years, this gated, well-maintained multifamily property offers a rare opportunity for investors seeking both stability and upside. With a unit mix comprised primarily of studios plus one 2-bedroom unit, the property lays out well with ample outdoor space and plenty of parking. The building’s secure gated access and location in a quiet residential neighborhood further enhance its tenant appeal. With clear value-add potential, this asset provides a strong foundation for operational improvements and future rent growth. Whether you're looking to reposition your portfolio or add a stable, income-producing asset, this offering represents a compelling investment.

Last Agent to Sell the Property

Antonio Chavez Borrelli

Skyline Commercial Real Estate Brokerage Email: antonio@skylinecommercialadvisors.com License #02237420 Listed on: 06/18/2025

Co-Listed By

Chris Pettit

Skyline Commercial Real Estate Brokerage Email: antonio@skylinecommercialadvisors.com License #01983950

Last Buyer's Agent

Antonio Chavez Borrelli

Skyline Commercial Real Estate Brokerage Email: antonio@skylinecommercialadvisors.com License #02237420 Listed on: 06/18/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1971

Lot Details

  • 20,100 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 9 Car Garage
  • 8 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 8,577 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 1112
  • Tax Tract Number 221
  • Assessor Parcel Number 39840149

Community Details

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $98,432
  • Gross Income $247,632
  • Net Operating Income $149,200

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1971

Lot Details

0.46 Acres

Parking

9

Listing Details

  • CapRate: 4.89
  • Property Attached: No
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 39840149
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 341.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 17.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 20100.00
  • Lot Size Acres: 0.4614

Multi Family

  • Gross Income: 247632.00
  • Gross Scheduled Income: 247632.00
  • Lot Size Area: 20100.0000 Square Feet
  • Net Operating Income: 149200.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 98432.00
  • Rent Control: Yes
  • Total Expenses: 98432.00

Tax Info

  • Tax Lot: 1112
  • Tax Tract Number: 221
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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
08/25/2025 08/25/25 Sold $2,925,000 -4.1% $341 / Sq Ft
06/28/2025 06/28/25 Pending -- -- --
06/18/2025 06/18/25 For Sale $3,050,000 -- $356 / 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 $20,236 $1,446,673 $790,391 $656,282
2024 $20,236 $1,418,307 $774,893 $643,414
2023 $19,703 $1,390,498 $759,699 $630,799
2022 $19,436 $1,363,234 $744,803 $618,431
2021 $19,018 $1,336,504 $730,199 $606,305
2020 $19,016 $1,322,800 $722,711 $600,089
2019 $18,701 $1,296,863 $708,540 $588,323
2018 $18,063 $1,271,435 $694,647 $576,788
2017 $17,903 $1,246,505 $681,026 $565,479
2016 $17,570 $1,222,064 $667,672 $554,392
2015 $17,343 $1,203,708 $657,643 $546,065
2014 $17,041 $1,180,130 $644,761 $535,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25135978

California Regional Multiple Listing Service (CRMLS)

APN: 398-401-49

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