NOT LISTED FOR SALE
14 Beds
10 Baths
7,788 Sq Ft
17,348 Sq Ft Lot

Last Sold August 01, 2016

Last sale price $1,905,000 $245 Per Sq Ft

22 Days on Market

About This Home

As of August 2016

The sale of an eight unit multi-family building that is made up of two contiguous fourplex's on separate lots. The complex has a desirable unit mix and is located in a highly desirable area of East Anaheim. Located off the major cross streets of Ball and St. College this property is very close to freeways and large retail. Each unit mix is identical and consists of a total of four 1B/1BA's, two 2B/1BA's, and two 3B/2BA's

The two buildings which are on big lots, have single story pitched roofs and are separately metered for gas and electric. The owner has maintained the property with care for over 50 years. The unit layout is spacious and provides many unique properties and touches throughout the units.

This 8 Unit offering, which is two contiguous fourplex's sharing a courtyard and 2 lots offers an investor an opportunity to attain desirable residential financing. This is part a portfolio listing which includes the fourplex on 2015 East Almont which can be purchased as well. Both assets are available individually but priority will be given on all offers for the whole portfolio

Last Agent to Sell the Property

Sheil Stampwala

Marcus & Millichap RE Invest License #01859094 Listed on: 05/06/2016

Last Buyer's Agent

Sheil Stampwala

Marcus & Millichap RE Invest License #01859094 Listed on: 05/06/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.4 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre
  • 253-212-07

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 7,788 Sq Ft Home

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 4757
  • Assessor Parcel Number 25321206

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $587
  • Gardener Expense $1,200
  • Insurance Expense $2,360
  • Maintenance Expense $4,000
  • Water Sewer Expense $1,161
  • New Taxes Expense $22,403
  • Gross Income $10,808
  • Net Operating Income $92,411

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.4 Acres

Parking

6

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1161.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 25321206
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 244.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 253-212-07
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 17348.00
  • Price Per Lot Square Foot: 109.81

Multi Family

  • Electric Expense: 587.00
  • Gross Income: 10808.00
  • Gross Scheduled Income: 129700.00
  • Insurance Expense: 2360.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 4000.00
  • Net Operating Income: 92411.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 33495.00
  • Other Income Description: Garage Annual Income
  • Rent Control: No
  • Total Actual Rent: 10715.00
  • Vacancy Allowance Rate: 0.03

Tax Info

  • New Taxes Expense: 22403.00
  • Tax Lot: 30
  • Tax Tract Number: 4757
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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 List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $1,905,000 -2.3% $245 / Sq Ft
05/28/2016 05/28/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $1,950,000 -- $250 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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
2025 $12,985 $1,105,454 $946,259 $159,195
2024 $12,985 $1,083,779 $927,705 $156,074
2023 $12,710 $1,062,529 $909,515 $153,014
2022 $12,547 $1,041,696 $891,682 $150,014
2021 $12,568 $1,021,271 $874,198 $147,073
2020 $12,515 $1,010,800 $865,235 $145,565
2019 $12,146 $990,981 $848,270 $142,711
2018 $11,897 $971,550 $831,637 $139,913
2017 $11,433 $952,500 $815,330 $137,170
2016 $7,359 $572,960 $437,788 $135,172
2015 $7,890 $564,354 $431,212 $133,142
2014 $6,860 $553,300 $422,766 $130,534
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16113941

California Regional Multiple Listing Service (CRMLS)
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