NOT LISTED FOR SALE

Estimated Value: $704,000 - $1,072,000

3 Beds
3 Baths
4,500 Sq Ft
$214/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $765,000 $170 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,805/month

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Living Room
  • Parking Storage or Cabinetry
  • 4 Car Garage

About This Home

As of May 2021

Great townhouse style rental income property with fully occupied 4 units. Each unit has 3 bedrooms and 2.5 baths. Each unit has its own inside laundry hookup, and each has its own 1 car garage. The overall GLA (gross living area) is much larger than the 3,200sf indicated by some public sources. Buyer to do their due diligent and research property thoroughly before making an offer. Drive-by only and making offer subject to interior inspection. Good income property have been fully occupied for over 10 years. Property to be sold "as-is" without any warranty or repairs. Please ensure to provide proof of funds with your offer. Cash offers with short escrow only.

Last Agent to Sell the Property

Tien Nguyen

Statewide Realty & Prop. Mgmt. License #00991688 Listed on: 04/20/2021

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Level Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Living Room
  • Built-In Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

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

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 5 / 6
  • Assessor Parcel Number 310043003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $180
  • Insurance Expense $1,200
  • Trash Expense $2,280
  • New Taxes Expense $3,800
  • Operating Expense $7,460
  • Gross Income $55,500
  • Net Operating Income $48,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: C2
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 310043003
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 170.00
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat, Shingle
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Concrete, Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2280.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700
  • Latitude Manual: 33.78097300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 55500.00
  • Gross Operating Income: 55500.00
  • Gross Scheduled Income: 55500.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 48040.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 7460.00
  • Rent Control: No
  • Total Actual Rent: 55500.00
  • Total Expenses: 7460.00

Tax Info

  • New Taxes Expense: 3800.00
  • Tax Block: 6
  • Tax Census Tract: 428.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Apr 26, 2021
Sold by
Nguyen Tien Dung and Pham Courtney Diem
Bought by
Starlite Mgmt Vii Lp
Seller's Agent
Tien Nguyen
Statewide Realty & Prop. Mgmt.
Buyer's Agent
Michael Garcia
MZ BROKERAGE INC.
List Price
$799,900
Sold Price
$765,000
Premium/Discount to List
-$34,900
-4.36%
Current Estimated Value
$960,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,873
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
Dec 31, 2009
Sold by
Haggerty Investments Lp
Bought by
Nguyen Tien Dung and Pham Courtney Diem

Purchase Details

Closed on
Dec 21, 2004
Sold by
Haggerty Thomas
Bought by
Haggerty Thomas M and Thomas M Haggerty Separate Property Trus

Purchase Details

Closed on
Nov 2, 1999
Sold by
C M Development Group
Bought by
Haggerty Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
7.69%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Starlite Mgmt Vii Lp $765,000 Orange Coast Title Co
Nguyen Tien Dung $275,000 Ticor Title Company
Haggerty Thomas M -- --
Haggerty Investments Lp -- --
Haggerty Thomas $190,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haggerty Thomas $178,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold $765,000 0.0% $170 / Sq Ft
05/04/2021 05/04/21 Off Market $765,000 -- --
05/03/2021 05/03/21 For Sale $799,900 0.0% $178 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $799,900 -- $178 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,251 $828,058 $162,364 $665,694
2023 $9,251 $795,906 $156,060 $639,846
2022 $9,150 $780,300 $153,000 $627,300
2021 $3,879 $327,928 $89,431 $238,497
2020 $3,844 $324,566 $88,514 $236,052
2019 $3,755 $318,203 $86,779 $231,424
2018 $3,586 $311,965 $85,079 $226,886
2017 $3,689 $305,849 $83,411 $222,438
2016 $3,619 $299,853 $81,776 $218,077
2015 $3,551 $295,351 $80,549 $214,802
2014 $3,473 $289,568 $78,972 $210,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21082262

California Regional Multiple Listing Service (CRMLS)

APN: 310-043-003