NOT LISTED FOR SALE

231 S Laxore St Anaheim, CA 92804

West Anaheim Neighborhood
9 Beds
8 Baths
4,040 Sq Ft
0.3 Acres

Last Sold April 08, 2022

Last sale price $1,710,000 $423 Per Sq Ft

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of April 2022

The Laxore Street 4-plex apartments present an opportunity to acquire a Covington style 4-plex in West Anaheim across the street from 39 Commons and a host of other approved residential and retail developments. The front apartment is a spacious, single story 3 bedroom 2 bathroom. The three remaining apartments are all 2 bedroom 2 bath. The structure for the building measures 4,040 square feet and it sits atop a large, 13,000 square foot corner lot. Tenants enjoy privacy as the property is gated and each apartment has it’s own individual yard area. Parking is a strong point for the apartments as each resident has an enclosed car garage along with one or two open spaces. An onsite laundry room provides an additional amenity for tenants while providing additional monthly revenue for the owner. Management for the building is minimal as all tenants are long term and pay their own gas and electric bills. Along with being across from several new development projects along Beach Blvd. the Laxore Street 4-plex apartments are located close to the 5 and 91 freeways allowing easy access for commuter tenants.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 02/22/2022

Last Buyer's Agent

Fred Parra

Uptown Realty License #01469971

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Level Lot

Parking

  • 5 Car Garage
  • 8 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Stucco

Interior Spaces

  • 4,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 4261
  • Assessor Parcel Number 12660209
  • $992 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Maintenance Expense $3,722
  • Trash Expense $1,200
  • Water Sewer Expense $2,100
  • New Taxes Expense $18,921
  • Operating Expense $31,412
  • Gross Income $1,200
  • Net Operating Income $43,028

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 2.54
  • Price Per Unit: 423750
  • Property Attached: No
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 12660209
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 423.27

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000
  • Latitude Manual: 33.82867000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 1200.00
  • Gross Multiplier: 22.31
  • Gross Operating Income: 74441.00
  • Gross Scheduled Income: 75960.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 100.00
  • Lot Size Area: 13068.0000 Square Feet
  • Maintenance Expense: 3722.00
  • Net Operating Income: 43028.00
  • 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 Range: 4
  • Operating Expense: 31412.00
  • Rent Control: No
  • Total Expenses: 31412.00
  • Vacancy Allowance: 1519
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 18921.00
  • Tax Census Tract: 869.03
  • Tax Lot: 13
  • Tax Tract Number: 4261
  • TaxOtherAnnualAssessmentAmount: 992.00

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
04/08/2022 04/08/22 Sold $1,710,000 +0.9% $423 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $1,695,000 +132.2% $420 / Sq Ft
11/14/2012 11/14/12 Sold $730,000 0.0% $181 / Sq Ft
11/14/2012 11/14/12 For Sale $730,000 -- $181 / Sq Ft
11/13/2012 11/13/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Arp

    Seller's Agent in 2022

    Michael Arp

    Morgan Skenderian

    (714) 262-8992

    3 in this area

    42 Total Sales

    Michael Arp
    Section Image

  • F

    Buyer's Agent in 2022

    Fred Parra

    Uptown Realty

    Section Image
  • Dave Pedneault

    Seller's Agent in 2012

    Dave Pedneault

    First Team Real Estate

    (714) 220-0200

    1 in this area

    79 Total Sales

    Dave Pedneault
    Section Image
  • Sharon Tran

    Buyer's Agent in 2012

    Sharon Tran

    First Team Real Estate

    (714) 861-2419

    20 Total Sales

    Sharon Tran
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22034574

California Regional Multiple Listing Service (CRMLS)

APN: 126-602-09

California Orange County Anaheim 92804 West Anaheim

231 S Laxore St, Anaheim, CA

This home is located at 231 S Laxore St, Anaheim, CA 92804 since 22 February 2022. This property was built in 1963. 231 S Laxore St is a home located in Orange County with nearby schools including Dr. Albert Schweitzer Elementary School, Dale Jr High School, and Magnolia High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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