NOT LISTED FOR SALE
-- Bed
-- Bath
9,204 Sq Ft
1962 Built

Last Sold May 17, 2012

Last sale price $1,300,000 $141 Per Sq Ft

77 Days on Market

About This Home

As of May 2012

Two well maintained 6 unit buildings (can be sold separately, but must close simultaneously), all large 1 bedroom units. 12 garages, plus 4 garages for added income. Separate metered gas and electric. On-site laundry. Ceiling fans, vertical blinds and other upgrades. Walk in closets. Most garage doors have newer roll up style doors. West facias replaced last year. 100% occupied. Great rental area near UCI Medical Center, Block of Orange, Crystal Cathedral, Disneyland, Anaheim Convention Center, Honda Center & Angel Stadium. Easy freeway access. As a courtesy to Seller do not approach tenants. Buyer to cooperate with Seller's 1031 exchange. NOTE: Electic expense as shown in expenses includes water, sewer, trash, electric.

Last Agent to Sell the Property

Clara Brandon

Clara Brandon, Broker License #00640607 Listed on: 01/26/2012

Last Buyer's Agent

Lei Hebel

Realty One Group West License #01389093

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Parking

  • 16 Car Garage
  • Rear-Facing Garage

Home Design

  • 9,204 Sq Ft Home
  • Tar and Gravel Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range

Flooring

  • Carpet
  • Vinyl

Laundry

  • Leased Washer and Dryer

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 3017
  • Assessor Parcel Number 13744118

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $6,500
  • Gardener Expense $720
  • Insurance Expense $2,400
  • Maintenance Expense $1,000
  • New Taxes Expense $16,895
  • Gross Income $10,800
  • Net Operating Income $89,915

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

16

Listing Details

  • Assessments: No
  • CapRate: 6.66
  • Price Per Unit: 112500
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 13744118
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 141.24

Exterior Features

  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 16.00
  • Parking: No
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 6500.00
  • Gross Income: 10800.00
  • Gross Multiplier: 10.30
  • Gross Scheduled Income: 131130.00
  • Insurance Expense: 2400.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 1000.00
  • Net Operating Income: 89915.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Number With Carpet: 12
  • Number With Disposal: 12
  • Number With Drapes: 12
  • Operating Expense: 34955.00
  • Vacancy Allowance: 6250

Tax Info

  • New Taxes Expense: 16895.00
  • Tax Area: 01-007
  • Tax Lot: 5
  • Tax Tract Number: 3017

Range of Values:

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Sold Price
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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
05/17/2012 05/17/12 Sold $1,300,000 -3.7% $141 / Sq Ft
04/12/2012 04/12/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $1,350,000 -- $147 / 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: P810006

California Regional Multiple Listing Service (CRMLS)