NOT LISTED FOR SALE
7 Beds
5 Baths
4,642 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: February 26, 2024

Last sale price $1,863,000 $401 Per Sq Ft

17 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Laundry Facilities

About This Home

As of February 2024

TRUE COVINGTON STYLE TURNKEY FOURPLEX!!! ALL TENANTS ON BRAND NEW ONE YEAR LEASES. PROPERTY WAS EXTENSIVELY RENNOVATED IN 2023, RENOVATIONS INCLUDE: NEW FLOORING, WINDOWS, INTERIOR PAINT, APPLIANCES, VANITIES, CABINETS, COUNTERTOPS, DOORS, CLOSETS, WALL HEATING, ELECTRIC SUBPANELS, PLUMBING FIXTURES, LIGHTING, AND WALL A/C UNITS. BUILDING EXTERIOR WAS FRESHLY PAINTED, LANDSCAPING REFINISHED, AND BRAND NEW GARAGE DOORS WERE INSTALLED. LAUNDRY ROOM WAS ALSO RENOVATED AND OUTFITED FOR LEASE/OWNED UNITS.

ALL UNITS ARE VERY LARGE WITH THEIR OWN WATER HEATERS AND GARAGE PARKING. 8 TOTAL PARKING SPOTS! THE PROPERTY IS LOCATED JUST BLOCKS FROM DISNEYLAND IN ARGUABLY THE BEST RENTAL MARKET IN NORTH ORANGE COUNTY!

Last Agent to Sell the Property

Randall Mycorn

R L M Equities License #02078223 Listed on: 01/08/2024

Last Buyer's Agent

Randall Mycorn

R L M Equities License #02078223 Listed on: 01/08/2024

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 1967

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,642 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • No Utilities
  • Standard Electricity
  • Water Heater

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 6373
  • Assessor Parcel Number 13743110
  • $1,035 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $483
  • Insurance Expense $3,017
  • Other Expense $2,008
  • Trash Expense $2,255
  • Water Sewer Expense $2,430
  • New Taxes Expense $23,007
  • Operating Expense $33,792
  • Gross Income $2,100
  • Net Operating Income $96,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

7,405 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.07
  • Property Attached: Yes
  • Subdivision Name Other: Platinum Triangle
  • Water Sewer Expenses: 2430.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 13743110
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 401.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2255.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 483.00
  • Garage Income: 2100.00
  • Gross Income: 2100.00
  • Gross Multiplier: 14.16
  • Gross Operating Income: 129844.00
  • Gross Scheduled Income: 133860.00
  • Insurance Expense: 3017.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 96052.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 33792.00
  • Other Expense: 2008.00
  • Other Income Description: Laundry Income estimated
  • Rent Control: Yes
  • Total Actual Rent: 10980.00
  • Total Expenses: 33792.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 23007.00
  • Tax Census Tract: 875.04
  • Tax Lot: 10
  • Tax Tract Number: 6373
  • TaxOtherAnnualAssessmentAmount: 1035.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in The Anaheim Resort, CA

See All Agents

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
02/26/2024 02/26/24 Sold $1,863,000 -1.7% $401 / Sq Ft
01/08/2024 01/08/24 For Sale $1,895,000 +44.7% $408 / Sq Ft
08/04/2023 08/04/23 Sold $1,310,000 0.0% $282 / Sq Ft View Prior Sale
07/03/2023 07/03/23 Pending -- -- --
06/30/2023 06/30/23 Off Market $1,310,000 -- --
06/29/2023 06/29/23 For Sale $1,250,000 -- $269 / 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 $22,702 $1,938,265 $1,626,145 $312,120
2025 $15,471 $1,900,260 $1,594,260 $306,000
2024 $15,471 $1,310,000 $1,126,725 $183,275
2023 $13,239 $1,110,676 $900,332 $210,344
2022 $13,070 $1,088,899 $882,679 $206,220
2021 $13,093 $1,067,549 $865,372 $202,177
2020 $13,038 $1,056,603 $856,499 $200,104
2019 $12,652 $1,035,886 $839,705 $196,181
2018 $12,392 $1,015,575 $823,240 $192,335
2017 $10,855 $900,000 $715,530 $184,470
2016 $10,567 $859,493 $675,023 $184,470
2015 $10,474 $846,583 $664,883 $181,700
2014 $9,836 $830,000 $651,859 $178,141
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24004463

California Regional Multiple Listing Service (CRMLS)

APN: 137-431-10

Your Personal Tour Guide

Ask me questions while you tour the home.