NOT LISTED FOR SALE
10 Beds
6 Baths
6,364 Sq Ft
7,448 Sq Ft Lot

Sale Details

Date Sold: August 15, 2019

Last sale price $1,707,000 $268 Per Sq Ft

83 Days on Market

About This Home

As of August 2019

Newer property in good rental area with copper water pipes, roof above front 4 units 4 years old and roof of rear 4 units inspected and repaired at that time.A low maintenance exterior with no need for a gardener. 10 garages. Laundry for extra income. Long time tenants with low rents but
a 2 bedroom unit has just rented @ $1,450. All tenants are month to month rentals and can be increased with a 60 day notice. Seller may do 1031 exchange at no cost to buyer. Seller may carry with 15% down.

Last Agent to Sell the Property

ANTHONY DI VIRGILIO

Divirgilio, Anthony License #00614525 Listed on: 04/26/2019

Last Buyer's Agent

Michael Borba

Borba Investment Realty License #01380572

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,448 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage

Home Design

  • 6,364 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 12
  • Tax Tract Number 2002
  • Assessor Parcel Number 7209028015

Community Details

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Insurance Expense $1,700
  • Trash Expense $2,400
  • Water Sewer Expense $2,100
  • New Taxes Expense $22,000
  • Operating Expense $24,100
  • Gross Income $117,600
  • Net Operating Income $93,500

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

7,448 Sq Ft Lot

Parking

10

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Parcel Number: 7209028015
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 268.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7448.00
  • Lot Size Acres: 0.1710

Rental Info

  • Garage Rental Rate: 125.00
  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 900.00
  • Garage Income: 1500.00
  • Gross Income: 117600.00
  • Gross Multiplier: 14.90
  • Gross Scheduled Income: 117600.00
  • Insurance Expense: 1700.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 7448.0000 Square Feet
  • Net Operating Income: 93500.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 24100.00
  • Rent Control: No
  • Total Actual Rent: 9575.00
  • Total Expenses: 24100.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Lot: 12
  • Tax Tract Number: 2002
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
08/15/2019 08/15/19 Sold $1,707,000 -2.5% $268 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
07/10/2019 07/10/19 Price Changed $1,750,000 +2.9% $275 / Sq Ft
06/03/2019 06/03/19 Price Changed $1,700,000 -2.9% $267 / Sq Ft
05/02/2019 05/02/19 Price Changed $1,750,000 +1.4% $275 / Sq Ft
04/26/2019 04/26/19 For Sale $1,725,000 +53.3% $271 / Sq Ft
07/28/2014 07/28/14 Sold $1,125,000 -1.3% $195 / Sq Ft View Prior Sale
06/30/2014 06/30/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $1,140,000 -- $198 / 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
2025 $25,741 $1,866,850 $1,093,645 $773,205
2024 $24,364 $1,830,246 $1,072,201 $758,045
2023 $23,949 $1,794,360 $1,051,178 $743,182
2022 $22,490 $1,759,177 $1,030,567 $728,610
2021 $22,022 $1,724,684 $1,010,360 $714,324
2019 $18,048 $1,371,028 $416,606 $954,422
2018 $15,633 $1,188,297 $316,879 $871,418
2016 $14,370 $1,142,156 $304,575 $837,581
2015 $13,805 $1,125,000 $300,000 $825,000
2014 $11,372 $895,019 $420,197 $474,822
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19096121

California Regional Multiple Listing Service (CRMLS)
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