NOT LISTED FOR SALE
9 Beds
6 Baths
4,580 Sq Ft
7,841 Sq Ft Lot

Last Sold May 30, 2014

Last sale price $1,260,000 $275 Per Sq Ft

27 Days on Market

About This Home

As of May 2014

All units are currently occupied (GSI of approx $76,000 is below market rent) and building is well maintained, featuring many upgrades as well. This four-plex is centrally located in Huntington Beach, CA adjacent to Murdy Park and Community Center. Building features dual pane windows, newer roof, appliances, 6 panel interior doors, tile flooring, individual garages, and upgraded baths and kitchens. Seller is selling 2 nearly identical income properties through 1031 exchange. The other property address is 16721 Tunstall Lane in Huntington Beach.

Last Agent to Sell the Property

Andrew McGrath

Christine Donovan, Broker License #01902684 Listed on: 03/18/2014

Last Buyer's Agent

Mehdi Khosh

Berkshire Hathaway HomeService License #00892388

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 64 x 121
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,580 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Legal Lot and Block 17 / 413
  • Tax Tract Number 6495
  • Assessor Parcel Number 14241317

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $660
  • Insurance Expense $2,500
  • Trash Expense $2,856
  • Water Sewer Expense $1,680
  • New Taxes Expense $12,500
  • Gross Income $6,325
  • Net Operating Income $55,504

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.36
  • Property Attached: Yes
  • Subdivision Name Other: unknown
  • Water Sewer Expenses: 1680.00
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 14241317
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 275.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2856.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 64 x 121
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 6325.00
  • Gross Multiplier: 16.47
  • Gross Scheduled Income: 76000.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 55504.00
  • 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: 20496.00
  • Rent Control: No
  • Total Actual Rent: 6325.00
  • Vacancy Allowance Rate: 0.02

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Block: 413
  • Tax Lot: 17
  • Tax Tract Number: 6495
  • Tax Year: 2013

Range of Values:

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Sold Price
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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
05/30/2014 05/30/14 Sold $1,260,000 +0.8% $275 / Sq Ft
04/14/2014 04/14/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $1,250,000 -- $273 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14060315

California Regional Multiple Listing Service (CRMLS)

APN: 142-413-17