NOT LISTED FOR SALE
4 Beds
2 Baths
1,442 Sq Ft
5,184 Sq Ft Lot

Last Sold July 02, 2013

Last sale price $379,000 $263 Per Sq Ft

15 Days on Market

Highlights

  • Traditional Architecture
  • Satellite Dish
  • 1-Story Property
  • No HOA

About This Home

As of July 2013

Great investment property with upside income potential. Currently occupied by long term tenants. Each unit is two bedrooms, one bathroom. There is a detached carport which accommodates 2 cars that could easily be enclosed. Market rent for each unit runs $1200-1300. The area has a great demand for rental units which results in low vacancy rates. The Central Orange County location makes commuting easy and is close to downtown, shopping and schools.

Last Agent to Sell the Property

Dane Bebermeyer

Supreme Properties License #01708773 Listed on: 05/01/2013

Last Buyer's Agent

Channy Chor

JohnHart Real Estate License #01836138

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 5,184 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,442 Sq Ft Home
  • 1-Story Property
  • Blinds

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Rain Gutters

Utilities

  • Sewer Paid
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 11003
  • Assessor Parcel Number 40517102

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,019
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,000
  • Gross Income $1,532
  • Net Operating Income $18,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 40517102
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 262.83
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Exterior Features: Satellite Dish
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5184.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1532.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 1019.00
  • Lot Size Area: 5184.0000 Square Feet
  • Net Operating Income: 18388.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3212.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Lot: 5
  • Tax Tract Number: 11003
  • Tax Year: 2011

Range of Values:

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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 Change Sq Ft Price
07/02/2013 07/02/13 Sold $379,000 +5.3% $263 / Sq Ft
04/26/2013 04/26/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $360,000 -- $250 / 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: OC13063874

California Regional Multiple Listing Service (CRMLS)

APN: 405-171-02