NOT LISTED FOR SALE
8 Beds
4 Baths
3,430 Sq Ft
6,970 Sq Ft Lot

Last Sold December 19, 2018

Last sale price $1,200,000 $350 Per Sq Ft

125 Days on Market

Highlights

  • No Units Above
  • All Bedrooms Downstairs
  • No HOA
  • Mesa View Middle School Rated A
  • Lawn
  • Living Room

About This Home

As of December 2018

DESCRIPTION
4 Unit Apartment Single Story building,all the units are 2 bedrooms, 1 bathroom each and 4 single car garages. Common laundry room. Conveniently, located to nearby Restaurants, Shopping, Churches, and Public Transportation, easy access to the freeways and close to the beach. Each unit is separately metered for gas and electric. Owner pays Water, Sewer, and Trash.
Excellent Investment, Rents are below Market, Rented to Long Term Tenants, upside potential on income and 100% occupied. This property presents a great source for rental income in this high-demand area.
Representations of the property size and performance are believed to be accurate, buyer to perform their own investigation and analysis to their satisfaction. Property sold in As Is Condition. DO NOT CONTACT OCCUPANTS, Drive by Only. ACCEPTING BACKUP OFFERS

Last Agent to Sell the Property

Ronald Willut

First Team Real Estate License #01871700 Listed on: 07/11/2018

First Team Real Estate

Last Buyer's Agent

Ronald Willut

First Team Real Estate License #01871700 Listed on: 07/11/2018

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,970 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Front Yard Sprinklers
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,430 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Utility Room
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer
  • 220 Volts In Laundry

Additional Features

  • No Interior Steps
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 5
  • Tax Tract Number 4091
  • Assessor Parcel Number 16524117

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $509
  • Fuel Expense $1,137
  • Gardener Expense $950
  • Insurance Expense $1,279
  • Other Expense $307
  • Trash Expense $1,319
  • Water Sewer Expense $1,933
  • New Taxes Expense $15,438
  • Operating Expense $22,966
  • Gross Income $72,000
  • Net Operating Income $49,034

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Other Phone Description: 714 473-1874
  • Other Phone Number: 714 473-1874
  • Property Attached: Yes
  • Subdivision Name Other: Villa Warner (VWAR)
  • Water Sewer Expenses: 1933.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 950.00
  • Parcel Number: 16524117
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 349.85
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Utility Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1319.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Sprinklers In Front
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 509.00
  • Fuel Expense: 1137.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1279.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 4800.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 49034.00
  • 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: 22966.00
  • Other Expense: 307.40
  • Other Expense Description: COIN-OP
  • Other Income Description: LAUNDRY INCOME $400 PER MONTH
  • Rent Control: No
  • Total Actual Rent: 67200.00
  • Total Expenses: 22966.00

Tax Info

  • New Taxes Expense: 15438.00
  • Tax Census Tract: 994.02
  • Tax Lot: 5
  • Tax Tract Number: 4091

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/19/2018 12/19/18 Sold $1,200,000 -2.1% $350 / Sq Ft
11/13/2018 11/13/18 Pending -- -- --
11/01/2018 11/01/18 Price Changed $1,225,997 0.0% $357 / Sq Ft
10/18/2018 10/18/18 Price Changed $1,225,998 0.0% $357 / Sq Ft
09/15/2018 09/15/18 Price Changed $1,225,999 0.0% $357 / Sq Ft
08/09/2018 08/09/18 For Sale $1,226,000 +2.2% $357 / Sq Ft
08/08/2018 08/08/18 Off Market $1,200,000 -- --
08/07/2018 08/07/18 Price Changed $1,226,000 -0.7% $357 / Sq Ft
07/12/2018 07/12/18 For Sale $1,235,000 +2.9% $360 / Sq Ft
07/11/2018 07/11/18 Off Market $1,200,000 -- --
07/11/2018 07/11/18 For Sale $1,235,000 -- $360 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18166435

California Regional Multiple Listing Service (CRMLS)

APN: 165-241-17