$1,650,000
SOLD DEC 29, 2021
5 Beds
3 Baths
4,483 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$368 Per Sq Ft

24 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Bike Trail
  • No HOA
  • Landscaped

About This Home

As of December 2021

Pride of ownership 4-plex in Anaheim south of the 5 freeway and Orangewood Ave. The unit mix includes (1) 3 bedroom 2 bath and (3) 2 bedroom 1 bath units (great unit mix). This property has approx. 4,483 Sq Ft of living space and is located on a large lot 8,095 Sq Ft with abundant off-street parking. 5 total garage spaces as the front unit has a double car garage and there are 3 single car garages as well (potential for garage income). Tons of amenities for the tenants that include private patios and or balconies, onsite laundry, forced air heating and wall air conditioning, and a fireplace with washer and dryer hook ups in the 3 bedroom unit. The yearly gross scheduled income is excellent at $101,688 and still room to raise rent. Tenants pay for all utilities (they are billed directly for water and trash). This property has it all. Hard to find a value add deal with a going in cap rate of 4.6+%. Great for Owner Occupant!!!

Last Agent to Sell the Property

Eric Guichet

South Coast Investment Prop. License #01239362 Listed on: 11/05/2021

Last Buyer's Agent

Keny Chang

Kingstone Capital Properties License #01978833

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn

Parking

  • 5 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,483 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 11
  • Tax Tract Number 6984
  • Assessor Parcel Number 13743127
  • $980 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,146
  • Gardener Expense $780
  • Insurance Expense $2,013
  • Maintenance Expense $1,464
  • Pest Control $480
  • Water Sewer Expense $3,757
  • New Taxes Expense $18,810
  • Operating Expense $29,450
  • Gross Income $106,666
  • Net Operating Income $77,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.68
  • Other Phone Description: (714) 757-7262
  • Price Per Unit: 412500
  • Property Attached: Yes
  • Water Sewer Expenses: 3757.00
  • Zoning: MFD
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 13743127
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 368.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 480.00
  • Sewer: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Fuel Expense: 2146.00
  • Gross Income: 106666.00
  • Gross Multiplier: 16.23
  • Gross Operating Income: 106666.00
  • Gross Scheduled Income: 101688.00
  • Insurance Expense: 2013.00
  • Laundry Income: 4272.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 1464.00
  • Net Operating Income: 77216.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 29450.00
  • Other Income1: 3757.00
  • Other Income Description: Tenant pay for water and trash
  • Rent Control: Yes
  • Total Expenses: 29450.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18810.00
  • Tax Census Tract: 875.04
  • Tax Lot: 11
  • Tax Tract Number: 6984
  • TaxOtherAnnualAssessmentAmount: 980.00

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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 Change Sq Ft Price
12/29/2021 12/29/21 Sold $1,650,000 0.0% $368 / Sq Ft
11/05/2021 11/05/21 For Sale $1,650,000 -- $368 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21243315

California Regional Multiple Listing Service (CRMLS)

APN: 137-431-27