NOT LISTED FOR SALE
2 Beds
1 Bath
20,160 Sq Ft
23,625 Sq Ft Lot

Last Sold September 28, 2017

Last sale price $6,650,000 $330 Per Sq Ft

35 Days on Market

About This Home

As of September 2017

• Pride of Ownership
• All Two Bedroom Units
• Built in 1985
• Walking Distance to Downtown Anaheim
• Excellent Rental Location
• Substantial Rental Upside

Last Agent to Sell the Property

Jay Skenderian

Morgan Skenderian License #01220368 Listed on: 07/10/2017

Last Buyer's Agent

Hiu Chan

Hiu Chan, Broker License #01297322

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 23,625 Sq Ft Lot
  • 1 Common Wall
  • Density is 21-25 Units/Acre

Parking

  • 10 Car Garage
  • 39 Carport Spaces

Home Design

  • 20,160 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 03611234

Community Details

Overview

  • 3 Buildings
  • 24 Units

Amenities

  • Laundry Facilities

Building Details

  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $4,910
  • Insurance Expense $7,131
  • Maintenance Expense $27,610
  • Other Expense $6,057
  • Professional Management Expense $9,900
  • Water Sewer Expense $9,874
  • New Taxes Expense $74,450
  • Operating Expense $139,932
  • Gross Income $394,440
  • Net Operating Income $244,647

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.54 Acres

Parking

10

Listing Details

  • CapRate: 3.70
  • Professional Management Expense: 9900.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9874.00
  • Property Type: Residential Income
  • Gardener Expense: 4910.00
  • Parcel Number: 03611234
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 329.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 39.00
  • Garage Spaces: 10.00
  • Total Parking Spaces: 49.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • 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: 21-25 Units/Acre
  • Lot Size Sq Ft: 23625.00

Multi Family

  • Garage Income: 540.00
  • Gross Income: 394440.00
  • Gross Multiplier: 16.86
  • Gross Operating Income: 384579.00
  • Gross Scheduled Income: 394440.00
  • Gross Spendable Income: 70938.00
  • Insurance Expense: 7131.00
  • Laundry Income: 235.00
  • Maintenance Expense: 27610.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 244647.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 24
  • Operating Expense: 139932.00
  • Operating Expense Percent: 35.50
  • Other Expense: 6057.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Expenses: 139932.00
  • Vacancy Allowance Rate: 2.50

Tax Info

  • New Taxes Expense: 74450.00
  • Tax Census Tract: 872.00
  • Tax Lot: 000
  • Tax Tract Number: 0000
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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
09/28/2017 09/28/17 Sold $6,650,000 0.0% $330 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $6,650,000 -- $330 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $87,867 $7,566,562 $5,290,905 $2,275,657
2024 $87,867 $7,418,199 $5,187,162 $2,231,037
2023 $86,018 $7,272,745 $5,085,453 $2,187,292
2022 $84,932 $7,130,143 $4,985,739 $2,144,404
2021 $85,087 $6,990,337 $4,887,980 $2,102,357
2020 $84,718 $6,918,660 $4,837,860 $2,080,800
2019 $82,191 $6,783,000 $4,743,000 $2,040,000
2018 $80,498 $6,650,000 $4,650,000 $2,000,000
2017 $56,273 $4,604,765 $3,257,246 $1,347,519
2016 $51,931 $4,142,138 $2,840,472 $1,301,666
2015 $51,466 $4,079,920 $2,797,806 $1,282,114
2014 $50,524 $4,200,000 $2,942,120 $1,257,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17156166

California Regional Multiple Listing Service (CRMLS)

APN: 036-112-34

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