$3,865,000
SOLD AUG 27, 2020
12 Beds
10 Baths
9,911 Sq Ft
0.69 Acres

Recently Sold

$390 Per Sq Ft

1% Below List Price

135 Days on Market

Highlights

  • 0.69 Acre Lot
  • Lawn
  • Accessible Parking
  • Evelyn Carr Elementary School Rated A-
  • No HOA
  • Landscaped

About This Home

As of August 2020

14 UNITs APARTMENT COMPLEX IS IN EXCELLENT CLEAN CONDITION AND IS LOCATED ON A QUIET CUL-DE-SAC STREET. THESE SINGLE LEVEL UNITS HAVE A NICE PRIVATE GRASS COURTYARD. RENTS ARE LOW & THERE'S ROOM FOR INCREASE

Last Agent to Sell the Property

Hoang Do

LBD Realty Solutions License #01319281 Listed on: 02/17/2020

Last Buyer's Agent

Braden Bohlinger

Bohlinger Properties, Inc. License #01982518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $49,047

Year Built

  • Built in 1962

Lot Details

  • 0.69 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn

Home Design

  • Apartment

Interior Spaces

  • 9,911 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 18 Parking Spaces
  • 14 Carport Spaces

Utilities

  • Septic Type Unknown
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Assessor Parcel Number 4092031008

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Building Details

  • 14 Leased Units
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $9,000
  • Gardener Expense $1,200
  • Insurance Expense $3,925
  • Supplies Expense $2,500
  • Trash Expense $825
  • New Taxes Expense $43,900
  • Operating Expense $34,590
  • Net Operating Income $152,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$49,047

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Supplies Expense: 2500.00
  • Zoning: TORR-MH
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4092031008
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 389.97

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 14.00
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Sewer Paid, Unknown
  • Trash Expense: 825.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 29985.00
  • Lot Size Acres: 0.6884

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 9000.00
  • Gross Scheduled Income: 190200.00
  • Insurance Expense: 3925.00
  • Lot Size Area: 29985.0000 Square Feet
  • Net Operating Income: 152016.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 34590.00
  • Rent Control: No
  • Total Actual Rent: 15850.00
  • Total Expenses: 34590.00
  • Vacancy Allowance: 3594

Tax Info

  • New Taxes Expense: 43900.00
  • Tax Area: 9340
  • Tax Census Tract: 6500.04
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2023
Sold by
17302 Ermanita Llc
Bought by
17302 Ermanita Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,420,000
Outstanding Balance
$4,251,087
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$601,957

Purchase Details

Listed on
Feb 17, 2020
Closed on
Jul 31, 2020
Sold by
E T Llc
Bought by
17302 Ermanita Llc
Seller's Agent
Hoang Do
LBD Realty Solutions
Buyer's Agent
Brady Bohlinger
Bohlinger Properties, Inc.
List Price
$3,899,000
Sold Price
$3,865,000
Premium/Discount to List
-$34,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%
Original Mortgage
$3,530,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2005
Sold by
Kim Jae H and Kim Joung H
Bought by
Et Llc

Purchase Details

Closed on
Oct 26, 2000
Sold by
Lukes Claudia M Tr Lukes Family Trust
Bought by
Kim Jae H and Kim Joung H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
7.88%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Ticor Title
Grant Deed $3,865,000 Old Republic Title Company
Grant Deed -- --
Grant Deed $950,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,420,000 New Conventional
Closed $4,420,000 New Conventional
Previous Owner $3,530,000 Commercial
Previous Owner $460,000 Commercial
Previous Owner $600,000 Commercial
Previous Owner $575,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $8,600,000 0.0% $735 / Sq Ft
01/10/2024 01/10/24 Price Changed $2,195 -2.4% $4 / Sq Ft
11/22/2023 11/22/23 Price Changed $2,250 -18.2% $4 / Sq Ft
11/22/2023 11/22/23 For Rent $2,750 0.0% --
12/21/2022 12/21/22 Price Changed $2,750 +10.2% $5 / Sq Ft
11/10/2022 11/10/22 Price Changed $2,495 -2.2% $5 / Sq Ft
11/04/2022 11/04/22 Price Changed $2,550 +12.1% $5 / Sq Ft
09/27/2022 09/27/22 Price Changed $2,275 -0.4% $4 / Sq Ft
09/23/2022 09/23/22 Price Changed $2,285 -3.8% $4 / Sq Ft
09/19/2022 09/19/22 Price Changed $2,375 +8.2% $4 / Sq Ft
09/19/2022 09/19/22 For Rent $2,195 0.0% --
08/27/2020 08/27/20 Sold $3,865,000 -0.9% $390 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $3,899,000 +0.9% $393 / Sq Ft
06/28/2020 06/28/20 Off Market $3,865,000 -- --
05/22/2020 05/22/20 For Sale $3,999,000 +3.5% $403 / Sq Ft
05/07/2020 05/07/20 Off Market $3,865,000 -- --
04/14/2020 04/14/20 For Sale $3,999,000 +3.5% $403 / Sq Ft
04/13/2020 04/13/20 Off Market $3,865,000 -- --
02/17/2020 02/17/20 For Sale $3,999,000 -- $403 / 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
2024 $49,047 $4,101,568 $2,706,080 $1,395,488
2023 $48,141 $4,021,146 $2,653,020 $1,368,126
2022 $47,500 $3,942,300 $2,601,000 $1,341,300
2021 $46,655 $3,865,000 $2,550,000 $1,315,000
2020 $17,927 $1,309,376 $654,458 $654,918
2019 $17,684 $1,283,712 $641,626 $642,086
2018 $16,719 $1,258,552 $629,046 $629,506
2016 $15,869 $1,209,240 $604,620 $604,620
2015 $15,533 $1,191,078 $595,539 $595,539
2014 $15,232 $1,167,748 $583,874 $583,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20036434

California Regional Multiple Listing Service (CRMLS)

APN: 4092-031-008