NOT LISTED FOR SALE
7 Beds
5 Baths
4,444 Sq Ft
1962 Built

Last Sold September 26, 2018

Last sale price $1,050,000 $236 Per Sq Ft

105 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Tile Flooring
  • No HOA
  • Doors swing in
  • Central Heating

About This Home

As of September 2018

4 PLEX GARDEN STYLE APARTMENTS WITH BREAD & BUTTER STRONG RENTAL PERFORMANCE. THIS QUAD FEATURES - Unit #1 has central heat and a fireplace. All units have galley kitchens with stoves and garbage disposals. Units 2 is upgraded(photo).New carpet & fresh paint in #4 w/new tenant. 6 single car garages for this 4 plex. Vacancy rate is very low! #4 was vacated and new lease signed next day. #2 tenant is long term 21 years. Unit #1 has private patio front and rear with back access to garage. 1 garage has door opener. Roof is composite and in good shape. Units 2, 3, 4 all have wall gas heaters with common upstairs deck facing to grassy courtyard. All units have individual gas and electric meters. Low tax rate is a bonus. This 4 plex is situated near the 91 & 5 freeways off Euclid. Close to Disneyland, Knotts Berry Farm, shopping, schools, hospital. Entire city block is apartment complexes. Street parking and garages for tenants.
Copper re-piped mid 1980’s.

Seller/Owner lived in Unit#1 - lease potential @1400sqft $1800-$2000/mo. This unit needs to be refreshed.
Apartment is close to OCTA stops, Disneyland, Knotts Berry Farm, parks, schools, shopping, restaurants, 91 Freeway.

6 garages with 3 used by Owner - potential lease option for additional income.

Last Agent to Sell the Property

Dwight Copeland

NON-MEMBER/NBA or BTERM OFFICE License #01943729 Listed on: 05/14/2018

NON-MEMBER/NBA or BTERM OFFICE

Last Buyer's Agent

Afshin Jafari Mojarad

Afshin Jafari, Broker License #01941027

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 73x105
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 6 Car Garage
  • Rear-Facing Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Fiberglass Roof

Interior Spaces

  • 4,444 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Accessible Home Design

  • Doors swing in
  • Doors are 32 inches wide or more

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection
  • Tax Lot 52
  • Tax Tract Number 3812
  • Assessor Parcel Number 07256217

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,000
  • Gardener Expense $780
  • Insurance Expense $1,500
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $2,282
  • Operating Expense $20,000
  • Gross Income $39,000
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Inclusions: Stoves, dishwashers(not all units)
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Glen Neighbors
  • View: No
  • Water Sewer Expenses: 1000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 07256217
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 32 Inch Or More Wide Doors, Doors - Swing In
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 236.27

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Fiberglass, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking Features: Garage Faces Rear, Garage - Single Door, Street
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Wall Furnace, Natural Gas
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Near Public Transit, Sprinklers In Front
  • Lot Size: 73x105
  • Lot Size Sq Ft: 7841.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection

Multi Family

  • Average1 Bed Area: 1400 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 900 Square Feet
  • Average Studio Area: 1100 Square Feet
  • Fuel Expense: 1000.00
  • Gross Income: 39000.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1000.00
  • Net Operating Income: 19000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Actual Rent: 39000.00
  • Total Expenses: 20000.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 2282.00
  • Tax Census Tract: 867.01
  • Tax Lot: 52
  • 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
09/26/2018 09/26/18 Sold $1,050,000 -4.5% $236 / Sq Ft
08/08/2018 08/08/18 Price Changed $1,100,000 -4.3% $248 / Sq Ft
07/08/2018 07/08/18 Price Changed $1,150,000 -4.1% $259 / Sq Ft
05/14/2018 05/14/18 For Sale $1,199,000 -- $270 / 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: SW18113560

California Regional Multiple Listing Service (CRMLS)