NOT LISTED FOR SALE
6 Beds
3 Baths
2,845 Sq Ft
9,600 Sq Ft Lot

Sale Details

Date Sold: October 27, 2021

Last sale price $650,000 $228 Per Sq Ft

17 Days on Market

Highlights

  • Converted Garage
  • Laundry Facilities
  • Carpet
  • Forced Air Heating and Cooling System
  • Wood Fence
  • 5-minute walk to St Sierra Park

About This Home

As of October 2021

Great income property with great rental history. 3 units all 2 bedrooms 1 bathroom. Rear unit has a 2 car attached garage and there is an additional detached 2 car garage for additional rental income. All 3 units have central heat/air and in unit laundry. Owner has not raised rents in several years due to great tenants, room for value add with rental increase. Third unit has an additional room which is a den area which has been used as a third bedroom in past. This property is currently professionally managed, yard professionally maintained and a 24 hour on call maintenance team. This is truly passive income.

Last Agent to Sell the Property

Bryon O'Reilly

CHRIS ARMEN License #01961492 Listed on: 09/04/2021

Co-Listed By

DAVID O'REILLY

CHRIS ARMEN License #01961880

Last Buyer's Agent

ANDREA CALVILLO

MAKEITHAPPEN REALTY License #01148750

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,987

Year Built

  • Built in 1962

Lot Details

  • 9,600 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Converted Garage
  • Parking Available

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,845 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Electric Range
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 5416
  • Assessor Parcel Number 0154464370000
  • $1,307 per year additional tax assessments

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $944
  • Water Sewer Expense $1,350
  • Operating Expense $3,794
  • Gross Income $41,580
  • Net Operating Income $2,958

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,987

Year Built

Built in 1962

Lot Details

9,600 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1350.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0154464370000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 228.47

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Converted Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 944.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9600.00
  • Lot Size Acres: 0.2204

Multi Family

  • Gross Income: 41580.00
  • Gross Scheduled Income: 3465.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 9600.0000 Square Feet
  • Net Operating Income: 2958.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 507.00
  • Rent Control: No
  • Total Actual Rent: 3465.00
  • Total Expenses: 3794.00

Tax Info

  • Tax Census Tract: 51.00
  • Tax Lot: 8
  • Tax Tract Number: 5416
  • Tax Annual Amount: 4987.00
  • TaxOtherAnnualAssessmentAmount: 1307.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$441,690
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2021
Closed on
Sep 29, 2021
Sold by
Bought by
Seller's Agent
Bryon O'Reilly
CHRIS ARMEN
Buyer's Agent
ANDREA CALVILLO
MAKEITHAPPEN REALTY
List Price
$598,888
Sold Price
$650,000
Premium/Discount to List
$51,112
8.53%

Purchase Details

Listed on
Apr 15, 2016
Closed on
Apr 7, 2016
Sold by
Bought by
Seller's Agent
JUAN SANTIS
RIVERSIDE REAL ESTATE PROFESSIONALS
Buyer's Agent
JUAN SANTIS
RIVERSIDE REAL ESTATE PROFESSIONALS
Sold Price
$925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.41%

Purchase Details

Closed on
Aug 12, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
7.56%

Purchase Details

Closed on
Feb 14, 1996
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title
-- Orange Coast Title
-- Orange Coast Title
$650,000 Fidelity National Title Co
$340,000 Chicago Title Company
-- Landsafe Title
-- --
-- Union Land Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $487,500
Previous Owner $200,000
Previous Owner $118,200
Previous Owner $131,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2021 10/27/21 Sold $650,000 +8.5% $228 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/04/2021 09/04/21 For Sale $598,888 0.0% $211 / Sq Ft
04/09/2020 04/09/20 Rented $1,050 0.0% --
04/01/2020 04/01/20 For Rent $1,050 +13.5% --
05/03/2016 05/03/16 Rented $925 0.0% --
04/15/2016 04/15/16 Sold $340,000 0.0% $120 / Sq Ft View Prior Sale
04/15/2016 04/15/16 For Rent $925 0.0% --
08/21/2015 08/21/15 Pending -- -- --
08/15/2015 08/15/15 For Sale $360,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,884 $714,405 $140,716 $573,689
2025 $8,884 $700,397 $137,957 $562,440
2024 $8,882 $686,664 $135,252 $551,412
2023 $8,485 $673,200 $132,600 $540,600
2022 $8,632 $650,000 $130,000 $520,000
2021 $4,973 $371,841 $76,556 $295,285
2020 $4,988 $368,028 $75,771 $292,257
2019 $4,838 $360,811 $74,285 $286,526
2018 $4,782 $353,736 $72,828 $280,908
2017 $4,635 $217,092 $43,419 $173,673
2016 $2,783 $212,836 $42,568 $170,268
2015 $2,682 $209,639 $41,929 $167,710
2014 $2,606 $205,533 $41,108 $164,425
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21196427

California Regional Multiple Listing Service (CRMLS)

APN: 0154-464-37

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