NOT LISTED FOR SALE

Estimated Value: $854,000 - $1,304,000

7 Beds
3 Baths
2,946 Sq Ft
$367/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $845,000 $287 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,666/month

69 Days on Market

Highlights

  • Property is near a park
  • Park
  • Laundry Room
  • No HOA

About This Home

As of May 2021

This income producing 4-Plex (2 Buildings) is located on a large 7200 Sq Ft Lot. Tenants are currently paying under market rent so there is plenty of room to grow. Don't miss this rare opportunity to own this property. Drive By Only!!

Last Agent to Sell the Property

Mark Roberts

Edico Realty, Inc. License #01886445 Listed on: 11/09/2020

Co-Listed By

Makiko Roberts

Edico Realty, Inc. License #01886450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,753

Year Built

  • Built in 1948

Lot Details

  • 7,201 Sq Ft Lot
  • 1 Common Wall

Home Design

  • 2,946 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Laundry Room
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 277
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347001031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $1,049
  • Water Sewer Expense $1,920
  • New Taxes Expense $12,000
  • Operating Expense $16,409
  • Gross Income $54,960
  • Net Operating Income $40,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,753

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Water Sewer Expenses: 1920.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7347001031
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 286.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 7201.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 702 Square Feet
  • Average3 Bed Area: 800 Square Feet
  • Gross Income: 54960.00
  • Gross Operating Income: 54960.00
  • Gross Scheduled Income: 54960.00
  • Insurance Expense: 1049.00
  • Lot Size Area: 7201.0000 Square Feet
  • Net Operating Income: 40787.51
  • 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
  • Operating Expense: 14172.40
  • Rent Control: Yes
  • Total Actual Rent: 54960.00
  • Total Expenses: 16409.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 277
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2015
Sold by
Matsunaga Hiroyuki
Bought by
Matsunaga Hiroyuki and Matsunaga Toshie
Current Estimated Value
$1,081,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$214,508
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$866,825

Purchase Details

Closed on
Feb 18, 2004
Sold by
Matsunaga Toshie
Bought by
Matsunaga Hiroyuki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2004
Sold by
Vuong Trieu Matthew and Vuong Trieu Dianne
Bought by
Matsunaga Hiroyuki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vuong Trieu Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,700
Interest Rate
7.8%

Purchase Details

Closed on
Aug 16, 1995
Sold by
Horikawa Pedro T and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

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Average Value
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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
Matsunaga Hiroyuki -- Fidelity National Title
Matsunaga Hiroyuki -- Orange Coast Title Company
Matsunaga Hiroyuki $545,000 Orange Coast Title Company
Vuong Trieu Matthew $143,000 First American Title Co
Federal Home Loan Mortgage Corporation $180,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matsunaga Hiroyuki $275,000
Closed Matsunaga Hiroyuki $345,000
Previous Owner Vuong Trieu Matthew $128,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $845,000 -13.3% $287 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
12/11/2020 12/11/20 Price Changed $975,000 -1.5% $331 / Sq Ft
11/09/2020 11/09/20 For Sale $990,000 -- $336 / 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 $11,753 $914,652 $649,458 $265,194
2024 $11,753 $896,719 $636,724 $259,995
2023 $11,530 $879,138 $624,240 $254,898
2022 $11,014 $861,900 $612,000 $249,900
2021 $9,349 $715,853 $394,050 $321,803
2020 $9,435 $708,514 $390,010 $318,504
2019 $9,080 $694,622 $382,363 $312,259
2018 $8,923 $681,003 $374,866 $306,137
2017 $0 $667,651 $367,516 $300,135
2016 $8,513 $654,560 $360,310 $294,250
2015 $8,385 $644,729 $354,898 $289,831
2014 $8,421 $632,101 $347,947 $284,154
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20234165

California Regional Multiple Listing Service (CRMLS)

APN: 7347-001-031