NOT LISTED FOR SALE

17230 San Mateo St Fountain Valley, CA 92708

8 Beds
4 Baths
-- Sq Ft
1979 Built

Last Sold August 29, 2016

Last sale price $1,000,000

77 Days on Market

Highlights

  • In Ground Spa
  • Mediterranean Architecture
  • Cooling System Mounted To A Wall/Window
  • Cox (James H.) Elementary School Rated A-
  • Outdoor Cooking Area
  • Laundry Room

About This Home

As of August 2016

Excellent location Park Pacific condo fourplex, all two bedroom units fully leased. Management, leasing of units, rent collections are covered by the $1350 monthly association fees as well as water, trash, gas, insurance, exterior maintenance, pool, spa, community laundry. SOLD AS IS, with current tenants.

Last Agent to Sell the Property

Kathleen McNamee

Kathleen McNamee, Broker License #00866972 Listed on: 04/29/2016

Last Buyer's Agent

Doug Harris

Regency Real Estate Brokers License #01260554

Regency Real Estate Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • Two or More Common Walls
  • Level Lot

HOA Fees

  • $1,350 Monthly HOA Fees

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Slab Foundation
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Blinds
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Fire and Smoke Detector
  • Pest Guard System

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, insurance
  • Tax Lot 1
  • Assessor Parcel Number 93029419

Community Details

Overview

  • Master Insurance
  • 4 Units
  • Park Pacific West Association

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Professional Management Expense $16,200
  • New Taxes Expense $12,000
  • Net Operating Income $45,778

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,350 per month

Listing Details

  • Assessments: No
  • CapRate: 4.30
  • Professional Management Expense: 16200.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Park Pacific Apartments
  • View: No
  • Zoning: Multi
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 93029419
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Spa Features: Association, In Ground
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Rolled/Hot Mop, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Barbecue, Gas, Insurance, Outdoor Cooking Area, Pest Control, Pet Rules, Pool, Sewer, Spa/Hot Tub, Trash, Water
  • Association Fee: 1350.00
  • Association Fee Frequency: Monthly
  • Association Name: Park Pacific West
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Level

Rental Info

  • Tenant Pays: Electricity, Insurance

Multi Family

  • Average2 Bed Area: 950
  • Gross Multiplier: 13.71
  • Gross Scheduled Income: 76560.00
  • Net Operating Income: 45778.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 29250.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Lot: 1

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 List to Sale Price per Sq Ft
08/29/2016 08/29/16 Sold $1,000,000 -9.1% --
04/29/2016 04/29/16 For Sale $1,100,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kathleen McNamee

    Kathleen McNamee, Broker

    (949) 887-5555

    2 in this area

    8 Total Sales

    Kathleen McNamee
    Section Image
  • Doug Harris

    Buyer's Agent in 2016

    Doug Harris

    Regency Real Estate Brokers

    (949) 466-5377

    52 Total Sales

    Doug Harris
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16090660

California Regional Multiple Listing Service (CRMLS)
California Orange County Fountain Valley 92708

17230 San Mateo St, Fountain Valley, CA

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