Seller's Agent in 2022
John Choi
Presidential R/E II
(562) 760-8949
1 in this area
8 Total Sales
229 S Main St Placentia, CA 92870
Estimated Value: $1,451,000 - $1,798,000
10
Beds
8
Baths
3,734
Sq Ft
$458/Sq Ft
Est. Value
Highlights
- Main Floor Bedroom
- No HOA
- Laundry Room
- Kraemer Middle School Rated A
- Living Room
- Central Heating and Cooling System
About This Home
As of January 2022Rare finding almost brand new Duplex (2020 built) with a phenomenal CAP rate($3,500/M x 2units/tenant paid on time, never late) in the heart of Placentia city.
Each unit has 1,867 square feet with 5 bedrooms(one bed downstairs with own full bath), 3.5 bathrooms, own laundry room and two car detached garage.
Two separate addresses (229 S. Main and 229 ½ S. Main) and separated utility(Water, gas, electric) meters. Side and back yards have their own private patio and BBQ island.
These provided perfect privacies for both families and the owner could live in one unit.
Close to great schools (Ruby Drive Elem(0.6 mile), middle(0.5 mile) and Valencia high(0.4 mile)), banks, shopping, supermarkets, church, memorial park, HIU, . Located near Cal State Fullerton and downtown Placentia and minutes away from the freeway access(57 & 91 Freeways).
Don’t miss this exceptional investment or free of living opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,171
Year Built
- Built in 2020
Lot Details
- 5,663 Sq Ft Lot
- 1 Common Wall
- East Facing Home
- Block Wall Fence
- Density is 16-20 Units/Acre
- On-Hand Building Permits
Parking
- 4 Car Garage
- Parking Available
- Garage Door Opener
Home Design
- Duplex
- Interior Block Wall
- Concrete Roof
- Stucco
Interior Spaces
- 3,734 Sq Ft Home
- ENERGY STAR Qualified Windows
- Living Room
- Laminate Flooring
- Fire and Smoke Detector
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 10 Bedrooms
- Main Floor Bedroom
- 8 Bathrooms
Laundry
- Laundry Room
- 220 Volts In Laundry
- Gas And Electric Dryer Hookup
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- Perc Test On File For Septic Tank
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 8 / D
- Tax Tract Number 563
- Assessor Parcel Number 33936418
- $837 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
- Alta Placentia Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $2,000
- New Taxes Expense $18,000
- Operating Expense $21,200
- Net Operating Income $84,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 29, 2021
Closed on
Dec 12, 2021
Sold by
Cut Line International Inc
Bought by
Liu Robert and Chen Wendy
Seller's Agent
John Choi
Presidential R/E II
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$1,490,000
Sold Price
$1,415,000
Premium/Discount to List
-$75,000
-5.03%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,192
Avg. Annual Appreciation
7.15%
Original Mortgage
$1,132,000
Outstanding Balance
$1,087,132
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$731,981
Purchase Details
Closed on
Oct 12, 2021
Sold by
Wan Park Kyung and Son Seung
Bought by
Cut Line International Inc
Purchase Details
Closed on
Jan 14, 2021
Sold by
Cut Line International Inc
Bought by
Park Kyung Wan and Park Seung Son
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
2.71%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 23, 2020
Closed on
Apr 22, 2020
Sold by
Santana Investors Llc
Bought by
Cut Line International Inc
Seller's Agent
Justin Bae
Bestway Realty
Buyer's Agent
Justin Bae
Bestway Realty
Sold Price
$3,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,500
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 18, 2018
Closed on
Jul 24, 2018
Sold by
Housing Successor Agency To The Redevelo
Bought by
Santana Investors
Seller's Agent
Brian Moncrief
Kosmont Realty Corporation
Buyer's Agent
Miguel Gonzalez Jr
List Price
$270,000
Sold Price
$340,000
Premium/Discount to List
$70,000
25.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.99%
Original Mortgage
$238,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 16, 2010
Sold by
Sandoval Norma
Bought by
Sandoval Arturo
Purchase Details
Closed on
May 13, 2010
Sold by
Sandoval Arturo
Bought by
Redevelopment Agency Of The City Of Plac
Purchase Details
Closed on
May 4, 2010
Sold by
Sandoval Jose
Bought by
Sandoval Arturo
Purchase Details
Closed on
Mar 26, 2002
Sold by
Dow Esther V
Bought by
Sandoval Arturo and Sandoval Jose
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liu Robert | $1,415,000 | Old Republic Title Co | |
| Park Kyung Wan | -- | Provident Title Company | |
| Cut Line International Inc | $1,175,000 | First American Title Company | |
| Santana Investors | $340,000 | First American Title Co | |
| Sandoval Arturo | -- | Stewart Title Of California | |
| Redevelopment Agency Of The City Of Plac | -- | Stewart Title Of California | |
| Sandoval Arturo | -- | Stewart Title Of California | |
| Sandoval Arturo | $120,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Liu Robert | $1,132,000 | |
| Previous Owner | Park Kyung Wan | $702,000 | |
| Previous Owner | Cut Line International Inc | $822,500 | |
| Previous Owner | Santana Investors Llc | $650,000 | |
| Previous Owner | Santana Investors | $238,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2022 01/05/22 | Sold | $1,415,000 | -5.0% | $379 / Sq Ft |
| 11/23/2021 11/23/21 | Pending | -- | -- | -- |
| 09/29/2021 09/29/21 | For Sale | $1,490,000 | 0.0% | $399 / Sq Ft |
| 06/16/2020 06/16/20 | Rented | $3,500 | 0.0% | -- |
| 06/10/2020 06/10/20 | For Rent | $3,500 | 0.0% | -- |
| 06/09/2020 06/09/20 | Under Contract | -- | -- | -- |
| 04/23/2020 04/23/20 | For Rent | $3,500 | 0.0% | -- |
| 08/20/2018 08/20/18 | Sold | $340,000 | +25.9% | -- |
| 07/31/2018 07/31/18 | For Sale | $270,000 | -20.6% | -- |
| 07/12/2018 07/12/18 | Off Market | $340,000 | -- | -- |
| 05/15/2018 05/15/18 | For Sale | $270,000 | -20.6% | -- |
| 05/11/2018 05/11/18 | Off Market | $340,000 | -- | -- |
| 03/18/2018 03/18/18 | For Sale | $270,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,171 | $1,501,609 | $808,586 | $693,023 |
| 2024 | $17,171 | $1,472,166 | $792,731 | $679,435 |
| 2023 | $16,855 | $1,443,300 | $777,187 | $666,113 |
| 2022 | $14,477 | $1,210,916 | $591,037 | $619,879 |
| 2021 | $14,175 | $1,187,173 | $579,448 | $607,725 |
| 2020 | $4,637 | $346,800 | $346,800 | $0 |
| 2019 | $3,663 | $340,000 | $340,000 | $0 |
| 2018 | $0 | $209,873 | $209,873 | $0 |
| 2017 | $0 | $205,758 | $205,758 | $0 |
| 2016 | -- | $201,724 | $201,724 | $0 |
| 2015 | -- | $198,694 | $198,694 | $0 |
| 2014 | -- | $194,802 | $194,802 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Choi
-
Ed Diaz
Buyer's Agent in 2022
Ed Diaz
Vanguard Property Group
(714) 900-0169
1 in this area
30 Total Sales
-
J
Seller's Agent in 2020
Justin Bae
Bestway Realty
-
B
Seller's Agent in 2018
Brian Moncrief
Kosmont Realty Corporation
-
M
Buyer's Agent in 2018
Miguel Gonzalez Jr
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS21216634
APN: 339-364-18
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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