NOT LISTED FOR SALE
9 Beds
7 Baths
4,345 Sq Ft
8,276 Sq Ft Lot

Last Sold November 22, 2024

Last sale price $1,500,000 $345 Per Sq Ft

51 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Landscaped
  • Corner Lot
  • Sliding Doors
  • Forced Air Heating System

About This Home

As of November 2024

If you know Covington 4 plexes, then you know. Best built 4 plexes in the OC. This building sits on a large corner lot and sides to only 1 building.
The single story front unit is 3 bedrooms and 2 baths with a fireplace and a 2 car garage. Perfect for a buyer to move in and use as his residence.
There are 2 spacious 2 bedroom 2 bath units fully rented, each with their own garage. Lastly the 4th unit is a 2 bedroom 1 bath with a garage.
All units have balconies or patios to enjoy. Each unit is separately metered and has its own laundry hookups in the garage. Easy to rent. Easy to manage All rents are due for an increase in Oct 2024. Buyer to cooperate with Seller's 1031 exchange at no additional cost to buyers.

Last Agent to Sell the Property

Margaret Van Herk

Seven Gables Real Estate Brokerage Phone: 714-356-8453 License #00702474 Listed on: 07/28/2024

Seven Gables Real Estate

Co-Listed By

Drew Van Herk

Seven Gables Real Estate Brokerage Phone: 714-356-8453 License #02028466

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Front Yard Sprinklers

Parking

  • 5 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,345 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 7448
  • Assessor Parcel Number 25316203
  • $1,035 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,710
  • Insurance Expense $2,232
  • Maintenance Expense $2,019
  • Water Sewer Expense $2,419
  • New Taxes Expense $20,736
  • Operating Expense $29,115
  • Net Operating Income $62,685

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: /
  • View: No
  • Water Sewer Expenses: 2418.90
  • Zoning: RM-1200
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1710.00
  • Parcel Number: 25316203
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter
  • Levels: Two
  • Price Per Square Foot: 345.22
  • Window Features: Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Off Street
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lot 6500-9999, Sprinklers In Front
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 91800.00
  • Insurance Expense: 2232.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 2019.00
  • Net Operating Income: 62685.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 29115.00
  • Rent Control: No
  • Total Actual Rent: 7450.00
  • Total Expenses: 29115.00

Tax Info

  • New Taxes Expense: 20736.00
  • Tax Census Tract: 863.03
  • Tax Lot: 23
  • Tax Tract Number: 7448
  • TaxOtherAnnualAssessmentAmount: 1035.00
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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
11/22/2024 11/22/24 Sold $1,500,000 -11.7% $345 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
07/28/2024 07/28/24 For Sale $1,698,000 +73.3% $391 / Sq Ft
09/27/2013 09/27/13 Sold $980,000 -4.4% $226 / Sq Ft View Prior Sale
08/18/2013 08/18/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $1,025,000 +13.9% $236 / Sq Ft
02/19/2013 02/19/13 Sold $900,000 0.0% $207 / Sq Ft View Prior Sale
02/11/2013 02/11/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $900,000 -- $207 / 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 $14,018 $1,500,000 $1,238,954 $261,046
2024 $14,018 $1,177,786 $936,347 $241,439
2023 $13,722 $1,154,693 $917,988 $236,705
2022 $13,549 $1,132,052 $899,988 $232,064
2021 $13,572 $1,109,855 $882,341 $227,514
2020 $13,516 $1,098,475 $873,293 $225,182
2019 $13,114 $1,076,937 $856,170 $220,767
2018 $12,845 $1,055,821 $839,382 $216,439
2017 $12,341 $1,035,119 $822,923 $212,196
2016 $12,306 $1,014,823 $806,787 $208,036
2015 $12,199 $999,580 $794,668 $204,912
2014 $11,449 $980,000 $779,101 $200,899
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24154107

California Regional Multiple Listing Service (CRMLS)

APN: 253-162-03