NOT LISTED FOR SALE
8 Beds
8 Baths
3,470 Sq Ft
7,841 Sq Ft Lot

Last Sold July 25, 2016

Last sale price $865,000 $249 Per Sq Ft

35 Days on Market

Highlights

  • No Units Above
  • 5 Car Garage
  • 1-Story Property
  • No HOA
  • Wood Siding

About This Home

As of July 2016

****BACK on Market **** Buyers fail to perform ******* Their Loss Your Gain ******* Great Opportunity For First Time Investor - Single story 4-plex. Each unit features 2 bedrooms and 2 baths and a private fence patio, building has 2 double car garages and 1 single car garage, common laundry room. Long term tenants w/ low rents. Approximately 4 miles from Disneyland, close to 5 & 91 freeways, transportation, shopping, restaurants and schools. Please do not disturb tenants, drive by only.

Last Agent to Sell the Property

Eric Reichert

OCProperties License #00967215 Listed on: 05/19/2016

Last Buyer's Agent

Dave Chamberlain

Team Chamberlain Realty Exe. License #00762670

Team Chamberlain Realty Exe.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • Two or More Common Walls
  • Block Wall Fence

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,470 Sq Ft Home
  • 1-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 57
  • Tax Tract Number 3812
  • Assessor Parcel Number 07256204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $317
  • Gardener Expense $780
  • Insurance Expense $1,748
  • Maintenance Expense $3,037
  • Pest Control $540
  • Water Sewer Expense $1,663
  • Gross Income $4,755
  • Net Operating Income $50,870

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

5

Listing Details

  • CapRate: 6.02
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1663.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 07256204
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: One
  • Price Per Square Foot: 249.28

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 110.32

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 317.00
  • Gross Income: 4755.00
  • Gross Multiplier: 13.90
  • Gross Scheduled Income: 60744.00
  • Gross Spendable Income: 50870.00
  • Insurance Expense: 1748.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 3037.00
  • Net Operating Income: 50870.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 9874.00
  • Operating Expense Percent: 16.00
  • Rent Control: No

Tax Info

  • Tax Lot: 57
  • Tax Tract Number: 3812

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
07/25/2016 07/25/16 Sold $865,000 +2.4% $249 / Sq Ft
06/23/2016 06/23/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $845,000 -- $244 / 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: OC16107720

California Regional Multiple Listing Service (CRMLS)

APN: 072-562-04