NOT LISTED FOR SALE
1 Bed
2 Baths
3,956 Sq Ft
5,673 Sq Ft Lot

Sale Details

Date Sold: November 1, 2016

Last sale price $1,135,000 $287 Per Sq Ft

169 Days on Market

About This Home

As of November 2016

• Substantial Upside in Rents
• Upgraded Units
• Garages & Covered Parking (some units)
• Individually-Metered for Electric
• Recently-Painted & Beautifully-Landscaped

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/29/2016

Last Buyer's Agent

Marty Stone

Buckingham Investments License #00416755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,673 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,956 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Leased Washer and Dryer

Outdoor Features

  • No Permits for Pool
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 2 / D
  • Tax Tract Number 3572
  • Assessor Parcel Number 7208014017

Community Details

Overview

  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $770
  • Insurance Expense $3,464
  • Maintenance Expense $7,886
  • Other Expense $1,011
  • Pest Control $2,025
  • Trash Expense $2,141
  • Water Sewer Expense $2,142
  • New Taxes Expense $13,799
  • Gross Income $8,030
  • Net Operating Income $60,243

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,673 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2142.00
  • Property Type: Residential Income
  • Gardener Expense: 770.00
  • Parcel Number: 7208014017
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 286.91

Exterior Features

  • Pool Features: No Permits

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 2025.00
  • Trash Expense: 2141.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5673.00
  • Price Per Lot Square Foot: 211.53
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 8030.00
  • Gross Multiplier: 12.17
  • Gross Scheduled Income: 98580.00
  • Gross Spendable Income: 19116.00
  • Insurance Expense: 3464.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5673.0000 Square Feet
  • Maintenance Expense: 7886.00
  • Net Operating Income: 60243.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 35380.00
  • Operating Expense Percent: 35.90
  • Other Expense: 1011.00
  • Other Expense Description: Fee
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13799.00
  • Tax Block: D
  • Tax Lot: 2
  • Tax Tract Number: 3572

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,000
Interest Rate
0.0273%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,000
Interest Rate
0.0273%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 29, 2016
Closed on
Oct 22, 2016
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Marty Stone
Buckingham Investments
List Price
$1,200,000
Sold Price
$1,135,000
Premium/Discount to List
-$65,000
-5.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$781,000
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 29, 2016
Closed on
Oct 20, 2016
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Marty Stone
Buckingham Investments
List Price
$1,200,000
Sold Price
$1,135,000
Premium/Discount to List
-$65,000
-5.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$781,000
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
0.0592%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
0.0577%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 17, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 1996
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 1996
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 21, 1994
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title
-- Orange Coast Title
-- Ticor Title
$1,135,000 Ticor Title
$695,000 None Available
-- None Available
-- --
$820,000 First American Title Ins Co
$626,000 Orange Coast Title
-- Orange Coast Title
-- Orange Coast Title
-- --
-- Southland Title
$175,000 South Coast Title
$157,500 Northern Counties Title
$300,000 Gateway Title Company
$260,000 --
-- --
-- First American Title
$80,000 First American Title Company
$203,343 World Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,124,000
Previous Owner $781,000
Previous Owner $521,250
Previous Owner $656,000
Previous Owner $461,250
Previous Owner $193,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/01/2016 11/01/16 Sold $1,135,000 -5.4% $287 / Sq Ft
02/29/2016 02/29/16 For Sale $1,200,000 -- $303 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,472 $1,391,872 $617,968 $773,904
2024 $18,603 $1,364,581 $605,851 $758,730
2023 $18,271 $1,337,825 $593,972 $743,853
2022 $17,163 $1,311,594 $582,326 $729,268
2021 $15,977 $1,216,947 $428,880 $788,067
2020 $15,937 $1,205,390 $424,483 $780,907
2019 $15,748 $1,181,774 $416,160 $765,614
2018 $15,332 $1,158,620 $408,000 $750,620
2016 $9,582 $719,695 $258,883 $460,812
2015 $9,217 $708,886 $254,995 $453,891
2014 $8,688 $650,000 $433,300 $216,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16041702

California Regional Multiple Listing Service (CRMLS)
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