NOT LISTED FOR SALE
2 Beds
1 Bath
20,160 Sq Ft
0.54 Acre Lot

Sale Details

Date 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

Hiu Chan, Broker
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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

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

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
Jul 10, 2017
Closed on
Aug 15, 2017
Sold by
Bought by
Seller's Agent
Jay Skenderian
Morgan Skenderian
Buyer's Agent
Hiu Chan
Hiu Chan, Broker
List Price
$6,650,000
Sold Price
$6,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Outstanding Balance
$2,565,691
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2015
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
$3,500,000
Interest Rate
3.6%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 16, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2003
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
$1,560,000
Interest Rate
6.25%
Mortgage Type
Commercial
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
$6,650,000 Ticor Title Co
-- Fntc
-- Ticor Title Tustin Orange Co
-- None Available
-- Landamerica Commonwealth
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 $3,150,000
Previous Owner $3,500,000
Previous Owner $2,200,000
Previous Owner $1,560,000
Previous Owner $1,460,000
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
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

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 $92,530 $7,717,893 $5,396,723 $2,321,170
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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