NOT LISTED FOR SALE

251 Laurel Ave Brea, CA 92821

Brea Area
6 Beds
6 Baths
3,190 Sq Ft
7,632 Sq Ft Lot

Sale Details

Date Sold: May 1, 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

7,632 Sq Ft Lot

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

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

Listed on
Mar 11, 2017
Closed on
Apr 4, 2017
Sold by
Bought by
Seller's Agent
Cherry Wang
ReMax 2000 Realty
Buyer's Agent
Meriam Riad
First Team Real Estate
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,000
Interest Rate
0.0414%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 1998
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
$280,000
Interest Rate
0.0682%
Mortgage Type
Commercial
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
$1,302,000 Chicago Title
-- --
$400,000 Fidelity National Title Ins
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 $752,000
Closed $802,000
Previous Owner $280,000
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
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

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 $16,965 $1,511,081 $1,229,175 $281,906
2024 $16,965 $1,481,452 $1,205,073 $276,379
2023 $16,498 $1,452,404 $1,181,444 $270,960
2022 $16,346 $1,423,926 $1,158,278 $265,648
2021 $16,038 $1,396,006 $1,135,566 $260,440
2020 $15,932 $1,381,692 $1,123,922 $257,770
2019 $15,500 $1,354,600 $1,101,884 $252,716
2018 $15,266 $1,328,040 $1,080,279 $247,761
2017 $6,551 $529,724 $232,069 $297,655
2016 $6,425 $519,338 $227,519 $291,819
2015 $6,336 $511,538 $224,102 $287,436
2014 $6,156 $501,518 $219,712 $281,806
Source: Public Records

Agents Affiliated with this Home

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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

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