NOT LISTED FOR SALE

Estimated Value: $1,175,144

7 Beds
4 Baths
3,317 Sq Ft
$354/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $950,000 $286 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,539/month

15 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • 0.41 Acre Lot
  • Rectangular Lot

About This Home

As of August 2021

4 UNITS on a lot. GREAT INVESTMENT OPPORTUNITY! includes 12 parking spaces, and a 698 sqft storage space. Unit A: 416 sqft attached studio with private entry. Unit B: 1404 sqft 3 bedroom 1 bathroom main house. Unit C: 870 sqft 1 bedroom 1 bath. Unit D: 627 sqft 2 bedroom 1 bath. Total income is $6145/month. Total living sqft for all 4 units is 3317 sqft and lot size is 17,871 sqft. Property has one meter for water, gas, and electricity and the landlord pays the utilities at an average of $700/month. This is perfect for an investor looking to acquire a property and maximize its income potential. Located near Santa Ana College. ***DRIVE BY ONLY. PLEASE DO NOT DISTURB OR INTERACT WITH TENANTS***

Last Listed By

Shabi Shahryar

Keller Williams Beach Cities License #02023382 Listed on: 04/27/2021

Keller Williams Beach Cities

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,544

Year Built

  • Built in 1936

Lot Details

  • 0.41 Acre Lot
  • No Units Above
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Property Attached

Interior Spaces

  • 3,317 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Assessor Parcel Number 00402021

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $20,000
  • Gross Income $73,740
  • Net Operating Income $53,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,544

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 00402021
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 286.40

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 17871.00
  • Lot Size Acres: 0.4103

Multi Family

  • Gross Income: 73740.00
  • Gross Scheduled Income: 73740.00
  • Lot Size Area: 17871.0000 Square Feet
  • Net Operating Income: 53740.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Actual Rent: 6145.00
  • Total Expenses: 20000.00

Tax Info

  • Tax Census Tract: 752.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Ahmadi Massoud and Ghaffari Lili
Bought by
Koala Capital Llc
Total Days on Market
15
Current Estimated Value
$1,175,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2004
Sold by
Ahmadi Massoud and Ghaffari Lili
Bought by
Rancho Santiago Community College Dist

Purchase Details

Closed on
Feb 26, 2002
Sold by
Goubert Emile and Goubert Viola H
Bought by
Ahmadi Massoud and Ghaffari Lili

Purchase Details

Closed on
Mar 15, 1996
Sold by
Dalessandro Tom
Bought by
Dalessandro Ann M

Purchase Details

Closed on
Feb 26, 1996
Sold by
Dalessandro Tom and Dalessandro Ann
Bought by
Goubert Emile and Goubert Viola H

Purchase Details

Closed on
May 17, 1995
Sold by
Dalessandro Tom
Bought by
Dalessandro Ann M

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Koala Capital Llc $950,000 Western Resources Title
Rancho Santiago Community College Dist -- Chicago Title Co
Ahmadi Massoud $360,000 Chicago Title Co
Goubert Emile -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koala Capital Llc $700,000
Previous Owner Ahmadi Massoud $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $950,000 0.0% $286 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/08/2021 05/08/21 Off Market $950,000 -- --
04/27/2021 04/27/21 For Sale $1,099,999 -- $332 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $11,544 $988,380 $780,300 $208,080
2023 $11,263 $969,000 $765,000 $204,000
2022 $11,153 $950,000 $750,000 $200,000
2021 $5,960 $489,343 $354,136 $135,207
2020 $5,972 $484,326 $350,505 $133,821
2019 $5,856 $474,830 $343,632 $131,198
2018 $5,634 $465,520 $336,894 $128,626
2017 $5,587 $456,393 $330,289 $126,104
2016 $5,469 $447,445 $323,813 $123,632
2015 $5,400 $440,724 $318,949 $121,775
2014 $5,315 $432,091 $312,701 $119,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21088161

California Regional Multiple Listing Service (CRMLS)

APN: 004-020-21