NOT LISTED FOR SALE

2524 E Terrace St Unit A-D Anaheim, CA 92806

North Anaheim Neighborhood
9 Beds
7 Baths
4,221 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: May 27, 2021

Last sale price $1,450,000 $344 Per Sq Ft

88 Days on Market

Highlights

  • Park
  • Laundry Room
  • Central Heating and Cooling System
  • Valencia High School Rated A+

About This Home

As of May 2021

"Bread and Butter" Investment Property Great Location Centrally Located! **New Roofs & New Garage Doors** The complex consists of: one Single Story, 3 bedroom/2 bath Front Unit that has a Master Bedroom and Central HVAC and 2 Car Enclosed Garage w/gated yard, there are two 2 bedroom/1.5 bath units and each has 1/2 Bath Downstairs 1 has a 2 car Garage and 1 has a 1 Car Garage and ALL have Individual Central HVAC and both have Private Yards and one 2 bedroom / 1 bath Upstairs Unit above Garages with a Balcony and Central HVAC Unit. 3 Community Parking Spaces on Property, $ Coin Operated Laundry Room $, Conveniently Located with access to the 91 & 57 Freeways, Great Shopping and Restaurants, close to Disneyland, Angel Stadium and the Honda Center, and borders Fullerton. All Units Occupied with Long Term Tenants, This is a Great Investment Opportunity Property! New: Roof, Garage Doors, Paint, Wrought Iron, Windows and Doors, Partial Plumbing

Last Agent to Sell the Property

Arthur Alderete

RE/MAX One License #01281647 Listed on: 01/25/2021

RE/MAX One

Last Buyer's Agent

Manuel Ruiz

Fenix Properties License #01110989

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,221 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5501
  • Assessor Parcel Number 34404111

Community Details

Recreation

  • Park

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,620
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $12,500
  • Operating Expense $21,020
  • Gross Income $2,400
  • Net Operating Income $66,684

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

6,970 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 34404111
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 343.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Average2 Bed Area: 1030 Square Feet
  • Average3 Bed Area: 1271 Square Feet
  • Electric Expense: 1200.00
  • Fuel Expense: 1620.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 87704.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 66683.80
  • 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 Disposal: 4
  • Operating Expense: 21020.00
  • Rent Control: No
  • Total Actual Rent: 6900.00
  • Total Expenses: 21020.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Census Tract: 117.20
  • Tax Lot: 6
  • Tax Tract Number: 5501

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
Jan 25, 2021
Closed on
May 4, 2021
Sold by
Arthur Alderete and Arthur Elisa Alderete
Bought by
Seller's Agent
Arthur Alderete
RE/MAX One
Buyer's Agent
Manuel Ruiz
Fenix Properties
List Price
$1,450,000
Sold Price
$1,450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$887,400
Outstanding Balance
$785,413
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2016
Sold by
Alderete Arthur and Alderete Elisa
Bought by
Alderete Arthur and Alderete Elisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,800
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2015
Sold by
Alderete Arthur and Alderete Elisa
Bought by
The Arthur Alderete & Elisa Alderete Liv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,850
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2014
Sold by
Lt Trust
Bought by
Alderete Arthur and Alderete Elisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2014
Sold by
Lt Trust
Bought by
Lt Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
4.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 6, 2013
Sold by
Thitathan Joe C and Thitathan Roberta
Bought by
Lt Trust

Purchase Details

Closed on
Feb 27, 2006
Sold by
Thitathan Joe C and Thitathan Roberta
Bought by
Aspect Properties Llc

Purchase Details

Closed on
Jun 16, 2005
Sold by
Thitathan Joe C and Thitathan Roberta
Bought by
Thitathan Joe C and Thitathan Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2004
Sold by
Thitathan Joe C
Bought by
Thitathan Joe C and Lackey Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,000
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2003
Sold by
Devey Richard E and Devey Kathleen K
Bought by
Thitathan Joe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Zele Richard
Bought by
Devey Richard E and Devey Kathleen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,720
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2001
Sold by
Crane Donald Bradford
Bought by
Zele Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2001
Sold by
Kenney Michelle and Zele Michelle
Bought by
Zele Richard P

Purchase Details

Closed on
Nov 29, 1997
Sold by
Crane Betty J
Bought by
Crane Betty Jane and Crane Donald Bradford

Purchase Details

Closed on
Aug 25, 1997
Sold by
Crane Donald E and Crane Jane Betty
Bought by
Crane Betty Jane
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,450,000 North American Title
Alderete Arthur -- Provident Title Company
Alderete Arthur -- Provident Title Company
The Arthur Alderete & Elisa Alderete Liv -- Accommodation
Alderete Arthur $805,000 Lawyers Title
Lt Trust -- Lawyers Title
Lt Trust $704,000 None Available
Aspect Properties Llc -- None Available
Thitathan Joe C -- North American Title Co
Thitathan Joe C -- California Counties Title Co
Thitathan Joe C $715,000 Commonwealth Land Title
Devey Richard E $641,000 Fidelity Natl Title Ins Co
Zele Richard -- Orange Coast Title
Zele Richard P -- Orange Coast Title
Crane Betty Jane -- --
Crane Betty Jane -- 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 $887,400
Previous Owner Alderete Arthur $753,750
Previous Owner Alderete Arthur $665,000
Previous Owner Alderete Arthur $613,800
Previous Owner Alderete Arthur $608,850
Previous Owner Alderete Arthur $603,750
Previous Owner Lt Trust $352,000
Previous Owner Thitathan Joe C $724,000
Previous Owner Thitathan Joe C $578,000
Previous Owner Thitathan Joe C $572,000
Previous Owner Devey Richard E $512,720
Previous Owner Zele Richard $25,000
Previous Owner Zele Richard $273,000
Previous Owner Crane Timothy Scott $23,500
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
05/27/2021 05/27/21 Sold $1,450,000 0.0% $344 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $1,450,000 0.0% $344 / Sq Ft
03/29/2021 03/29/21 Off Market $1,450,000 -- --
01/25/2021 01/25/21 For Sale $1,399,999 -- $332 / 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
2026 $17,745 $1,600,916 $1,269,693 $331,223
2025 $17,359 $1,569,526 $1,244,797 $324,729
2024 $17,359 $1,538,751 $1,220,389 $318,362
2023 $17,072 $1,508,580 $1,196,460 $312,120
2022 $16,943 $1,479,000 $1,173,000 $306,000
2021 $10,845 $911,666 $654,254 $257,412
2020 $10,868 $902,318 $647,545 $254,773
2019 $10,500 $884,626 $634,848 $249,778
2018 $10,374 $867,281 $622,400 $244,881
2017 $10,208 $850,276 $610,196 $240,080
2016 $10,007 $833,604 $598,231 $235,373
2015 $9,898 $821,083 $589,245 $231,838
2014 $8,519 $704,000 $485,803 $218,197
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21016201

California Regional Multiple Listing Service (CRMLS)
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