NOT LISTED FOR SALE

251 Laurel Ave Brea, CA 92821

6 Beds
6 Baths
3,190 Sq Ft
1989 Built

Last Sold May 01, 2017

Last sale price $1,300,000 $408 Per Sq Ft

21 Days on Market

About This Home

As of May 2017

Very rare Orange County trophy triplex in the city of Brea. Adjacent property 253 Laurel Ave is also for sale.

All units are 2 bedroom 2.5 bath townhouse style homes featuring double master suites with walk-in closets and updated bathrooms. Tenants can enjoy attached 2 car garages with new garage doors, in-unit washer dryer hook ups, some new HVAC, double pane windows, and patio space. Many units have been updated with tile, carpet, and wood flooring. Each unit is separately metered for water, electricity, and gas. Landlord pays for water and electricity for common areas only. Common area features energy saving lighting as well as a professionally designed City awarded water wise garden. 5 minutes to Brea mall or Downtown Brea. 8 minute walk to Laurel Elementary School. Buyers to perform their own due diligence and verify square footage.

Last Agent to Sell the Property

Cherry Wang

ReMax 2000 Realty License #01979265 Listed on: 03/11/2017

ReMax 2000 Realty

Last Buyer's Agent

Meriam Riad

First Team Real Estate License #01932904

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 7,632 Sq Ft Lot
  • Desert faces the front of the property
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 3,190 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 141
  • Assessor Parcel Number 31930156

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $322
  • Insurance Expense $1,452
  • Trash Expense $271
  • Water Sewer Expense $271
  • New Taxes Expense $13,750
  • Operating Expense $20,004
  • Gross Income $66,180
  • Net Operating Income $46,176

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 271.00
  • Property Type: Residential Income
  • Parcel Number: 31930156
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 407.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 271.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Front
  • Lot Size Sq Ft: 7632.00

Multi Family

  • Electric Expense: 322.00
  • Gross Income: 66180.00
  • Gross Scheduled Income: 66180.00
  • Insurance Expense: 1452.00
  • Net Operating Income: 46176.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Operating Expense: 20004.00
  • Rent Control: No
  • Total Expenses: 20004.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Census Tract: 15.04
  • Tax Lot: 19
  • Tax Tract Number: 141

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
05/01/2017 05/01/17 Sold $1,300,000 +4.0% $408 / Sq Ft
04/01/2017 04/01/17 Pending -- -- --
03/11/2017 03/11/17 For Sale $1,250,000 -- $392 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cherry Wang

    Seller's Agent in 2017

    Cherry Wang

    RE/MAX

    (909) 576-2588

    17 Total Sales

    Cherry Wang
    Section Image
  • Meriam Riad

    Buyer's Agent in 2017

    Meriam Riad

    First Team Real Estate

    (949) 701-8151

    28 Total Sales

    Meriam Riad
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17050077

California Regional Multiple Listing Service (CRMLS)

APN: 319-301-56

California Orange County Brea 92821

251 Laurel Ave, Brea, CA

Not Listed for Sale

MultiFamily

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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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