NOT LISTED FOR SALE
8 Beds
4 Baths
3,500 Sq Ft
6,098 Sq Ft Lot

Last Sold October 12, 2016

Last sale price $915,975 $262 Per Sq Ft

79 Days on Market

About This Home

As of October 2016

We are pleased to present this 100% two bedroom / one bathroom units fourplex located in the City of Santa Ana close to South Coast Plaza. Each unit is separately metered for gas and electricity. The owner has no gas or electric bill. The complex has copper and iron plumbing throughout. The units have undergone recent renovations, which include: new double pane windows, new interior paint, new flooring, and some units have new marble countertops. The roof of the building is only ten years old, and units have a garage. The property has a wooden fence, providing privacy along the side and back of the property.

This building is near the intersection of S Bristol St and W Central Ave. It is also within walking distance from Coastal Communities Hospital. The building is less than 1 mile from South Coast Plaza, Carl Thornton Park, and the Segerstrom Center for the Arts. This property puts tenants next to shopping, education, hospitals, and employment opportunities.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 07/06/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 140 / 122
  • Tax Tract Number 2
  • Assessor Parcel Number 14012202

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,100
  • Maintenance Expense $3,000
  • Pest Control $600
  • Trash Expense $1,416
  • Water Sewer Expense $2,112
  • New Taxes Expense $11,400
  • Gross Income $5,625
  • Net Operating Income $45,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.76
  • Price Per Unit: 237500
  • Property Attached: No
  • Water Sewer Expenses: 2112.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 14012202
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 261.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 600.00
  • Trash Expense: 1416.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 155.79

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 875
  • Gross Income: 5625.00
  • Gross Multiplier: 14.07
  • Gross Scheduled Income: 67500.00
  • Gross Spendable Income: 45247.00
  • Insurance Expense: 1100.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 45247.00
  • 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
  • Operating Expense: 20228.00
  • Rent Control: No
  • Total Actual Rent: 5625.00
  • Vacancy Allowance: 2025
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11400.00
  • Tax Block: 122
  • Tax Lot: 140
  • Tax Tract Number: 02

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
10/12/2016 10/12/16 Sold $915,975 -3.6% $262 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $950,000 -- $271 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16146346

California Regional Multiple Listing Service (CRMLS)

APN: 140-122-02