NOT LISTED FOR SALE
7 Beds
4 Baths
2,632 Sq Ft
7,946 Sq Ft Lot

Last Sold June 14, 2021

Last sale price $1,050,000 $399 Per Sq Ft

11 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Gas Fireplace
  • Laundry Room
  • Carpet
  • 4-minute walk to Ponderosa Park

About This Home

As of June 2021

GREAT INVESTMENT OPPORTUNITY !!! Single story Duplex: Front unit 3 BR/2BA and Back unit 4 BR/2BA with total income $4,350/month. Landlord has kept the same low rent for 6 years. Great long term tenants and have not missed a single rent due to Covid-19. Each unit has its own 1-Car garage in the back. Separate meters for gas, water and electricity. Tenants pay all utilities. New paint, A/C unit and rain gutter. Interior has been recently remodeled and upgraded with stainless steel appliances. Propety sold As-is. Accepted offer is subject to interior inspection. Please do not disturb tenants.

Last Agent to Sell the Property

Ken Do

Advance Estate Realty License #01757215 Listed on: 04/22/2021

Last Buyer's Agent

Kenny Thai

Professional R.E. Center, Inc. License #02015959

Professional R.E. Center, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,946 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,632 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, trash collection
  • Tax Lot 14
  • Tax Tract Number 5155
  • Assessor Parcel Number 23316219

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $480
  • Insurance Expense $800
  • New Taxes Expense $10,119
  • Operating Expense $10,919
  • Gross Income $52,200
  • Net Operating Income $41,281

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.14
  • Other Phone Number: 714-777-5777
  • Property Attached: No
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 23316219
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 398.94
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7946.00
  • Lot Size Acres: 0.1824

Rental Info

  • Tenant Pays: All Utilities, Trash Collection

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 7946.0000 Square Feet
  • Net Operating Income: 41281.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10919.00
  • Rent Control: No
  • Total Actual Rent: 4350.00
  • Total Expenses: 10919.00

Tax Info

  • New Taxes Expense: 10119.00
  • Tax Census Tract: 875.04
  • Tax Lot: 14
  • Tax Tract: 5155
  • Tax Tract Number: 5155

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 List to Sale Price per Sq Ft Prior Sale
06/14/2021 06/14/21 Sold $1,050,000 +5.2% $399 / Sq Ft
06/09/2021 06/09/21 Price Changed $998,000 0.0% $379 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $998,000 +121.8% $379 / Sq Ft
10/09/2012 10/09/12 Sold $450,000 +14.0% $173 / Sq Ft View Prior Sale
09/25/2012 09/25/12 Pending -- -- --
09/10/2012 09/10/12 For Sale $394,900 -- $151 / 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: OC21085116

California Regional Multiple Listing Service (CRMLS)

APN: 233-162-18