NOT LISTED FOR SALE
2 Beds
2 Baths
8,577 Sq Ft
0.46 Acres Lot

Sale Details

Date Sold: August 25, 2025

Last sale price $2,925,000 $341 Per Sq Ft

10 Days on Market

Highlights

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

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 in unit

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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