NOT LISTED FOR SALE
7 Beds
5 Baths
3,861 Sq Ft
10,188 Sq Ft Lot

Last Sold July 27, 2020

Last sale price $1,128,500 $292 Per Sq Ft

23 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Laundry Room
  • Partially Fenced Property

About This Home

As of July 2020

The Nautical Street 4-plex apartments offer a great opportunity to purchase a single story 4-plex located in a desirable location of south east Anaheim. The building is 3,861 square feet and features a desirable unit mix of (1) 3 Bed 2 Bath (1) 2 Bed 1 Bath and (2) 1 Bed 1 Bath units. This asset has enjoyed a historically high occupancy rate through the years as multiple residents have been there several years. Tenants enjoy direct access garage parking (1 and 2 bedroom units), enclosed patios, a fireplace (3 bedroom) and have access to an onsite laundry room. Monthly owner expenses are minimal as the property is separately metered for gas and electric. The Nautical Street 4-plex is located between the 5 and 57 freeways and is in close proximity to the Platinum Triangle, Anaheim Convention Center and Disneyland making it an investment that will stand the test of time.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 06/26/2020

Last Buyer's Agent

David Dong

eXp Realty of California Inc License #01320484

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 10,188 Sq Ft Lot
  • No Common Walls
  • Partially Fenced Property

Parking

  • 5 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,861 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 6984
  • Assessor Parcel Number 13743137

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,351
  • Maintenance Expense $3,489
  • Other Expense $3,300
  • New Taxes Expense $12,924
  • Operating Expense $23,360
  • Gross Income $71,940
  • Net Operating Income $46,421

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.95
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 13743137
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 292.28
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10188.00
  • Lot Size Acres: 0.2339
  • Latitude Manual: 33.79640100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 71940.00
  • Gross Multiplier: 16.33
  • Gross Operating Income: 69782.00
  • Gross Scheduled Income: 71940.00
  • Insurance Expense: 1351.00
  • Laundry Income: 600.00
  • Lot Size Area: 10188.0000 Square Feet
  • Maintenance Expense: 3489.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 46421.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 23360.00
  • Operating Expense Percent: 32.50
  • Other Expense: 3300.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 5945.00
  • Total Expenses: 23360.00
  • Vacancy Allowance: 2158
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12924.00
  • Tax Census Tract: 875.04
  • Tax Lot: 1
  • Tax Tract Number: 6984

Range of Values:

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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
07/27/2020 07/27/20 Sold $1,128,500 -4.0% $292 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $1,175,000 -- $304 / 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: PW20124162

California Regional Multiple Listing Service (CRMLS)

APN: 137-431-37