NOT LISTED FOR SALE

200 E Florence Ave La Habra, CA 90631

La Habra Area
7 Beds
5 Baths
4,783 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: August 4, 2020

Last sale price $1,460,000 $305 Per Sq Ft

36 Days on Market

Highlights

  • Landscaped
  • La Habra High School Rated A-
  • Laundry Facilities

About This Home

As of August 2020

The Florence Apartments has been extensively renovated in 2019 and 2020. The owners have thoroughly renovated every facet of the property, including: roof, landscape, parking, building structure and significant interior upgrades. The Florence Apartments offer an astute investor the opportunity to purchase an income producing property with brand new tenants and strong rents in a unique growing market. The building itself stands as the only multiunit property in the entire northeast corner of Euclid and La Habra Blvd. The asset’s location, unique layout, and pristine condition, afford a new investor the coveted ability to command top of the market rents for the future.

Realistic 4.7% Cap Rate on current rents, all rents paid in full!

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 05/18/2020

Last Buyer's Agent

Ed Diaz

Vanguard Property Group License #01022469

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 12,993 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 4,783 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 1155
  • Assessor Parcel Number 02207539

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $28,760
  • Gross Income $102,480
  • Net Operating Income $70,646

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0.3 Acres

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 02207539
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 305.25

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 12993.00
  • Lot Size Acres: 0.2983

Multi Family

  • Gross Income: 102480.00
  • Gross Multiplier: 14.59
  • Gross Operating Income: 99406.00
  • Gross Scheduled Income: 102480.00
  • Lot Size Area: 12993.0000 Square Feet
  • Net Operating Income: 70646.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28760.00
  • Rent Control: Yes
  • Total Expenses: 28760.00

Tax Info

  • Tax Census Tract: 12.02
  • Tax Lot: 8
  • Tax Tract Number: 1155

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

Listed on
May 18, 2020
Closed on
Jul 31, 2020
Sold by
Liu Robert and Chen Wendy Christine
Bought by
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$1,495,000
Sold Price
$1,460,000
Premium/Discount to List
-$35,000
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,095,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2020
Closed on
Jul 23, 2020
Sold by
Mycorn Barry N
Bought by
Liu Robert and Chen Wendy Christine
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$1,495,000
Sold Price
$1,460,000
Premium/Discount to List
-$35,000
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,095,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2019
Closed on
Nov 20, 2019
Sold by
Rudd Nancy Potter
Bought by
Rudd Daniel
Seller's Agent
Brian Bartholomew
Circa Properties, Inc.
Buyer's Agent
Brian Bartholomew
Circa Properties, Inc.
List Price
$1,100,000
Sold Price
$1,146,500
Premium/Discount to List
$46,500
4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.24%

Purchase Details

Listed on
Nov 6, 2019
Closed on
Nov 13, 2019
Sold by
Norman Patricia and Erwin James
Bought by
Mycorn Barry N and Barry N Mycorn Trust
Seller's Agent
Brian Bartholomew
Circa Properties, Inc.
Buyer's Agent
Brian Bartholomew
Circa Properties, Inc.
List Price
$1,100,000
Sold Price
$1,146,500
Premium/Discount to List
$46,500
4.23%

Purchase Details

Closed on
Nov 28, 2017
Sold by
Erwin Gwen
Bought by
Erwin Gwen
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in La Habra, CA

See All Agents

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
-- Accommodation
Liu Robert $1,460,000 Ticor Title
Rudd Daniel -- Ticor Ttl Orange Cnty Branch
Mycorn Barry N $1,146,500 Ticor Ttl Orange Cnty Branch
Erwin Gwen -- None Available
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
Previous Owner $1,095,000
Previous Owner Erwin Gwen $475,000
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
08/04/2020 08/04/20 Sold $1,460,000 -2.3% $305 / Sq Ft
05/18/2020 05/18/20 For Sale $1,495,000 +30.4% $313 / Sq Ft
11/22/2019 11/22/19 Sold $1,146,500 0.0% $240 / Sq Ft View Prior Sale
11/10/2019 11/10/19 Off Market $1,146,500 -- --
11/06/2019 11/06/19 For Sale $1,100,000 -- $230 / 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 $18,698 $1,611,957 $1,424,137 $187,820
2025 $17,907 $1,580,350 $1,396,212 $184,138
2024 $17,907 $1,549,363 $1,368,835 $180,528
2023 $17,498 $1,518,984 $1,341,995 $176,989
2022 $17,322 $1,489,200 $1,315,681 $173,519
2021 $17,041 $1,460,000 $1,289,883 $170,117
2020 $13,596 $1,146,500 $976,383 $170,117
2019 $8,663 $705,426 $479,763 $225,663
2018 $8,520 $691,595 $470,356 $221,239
2017 $8,370 $678,035 $461,134 $216,901
2016 $8,177 $664,741 $452,092 $212,649
2015 $7,948 $654,756 $445,301 $209,455
2014 $7,717 $641,931 $436,578 $205,353
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20094649

California Regional Multiple Listing Service (CRMLS)

APN: 022-075-39

Your Personal Tour Guide

Ask me questions while you tour the home.