NOT LISTED FOR SALE
9 Beds
7 Baths
4,230 Sq Ft
8,712 Sq Ft Lot

Last Sold November 19, 2013

Last sale price $835,000 $197 Per Sq Ft

16 Days on Market

Highlights

  • End Unit
  • No HOA
  • Laundry Room
  • Valencia High School Rated A+

About This Home

As of November 2013

Excellent Covington style income property. This large fourplex features 5 separate garages and is located on a prime corner lot. Complete with alley access, new onsite laundry machines, and a great unit mx. All units have newer tile floors and with two units even boast granite kitchen counter tops. Corner lot allows for ample street parking for overflow, and large grassy front yard provides a lush landscape for occupants to enjoy. All this plus a GRM under 12 and you have a great opportunity to purchase a wonderful investment in North Orange County.

Last Agent to Sell the Property

Jennifer Sanchez

ERA North Orange County License #01856172 Listed on: 10/07/2013

Co-Listed By

Aaron Mills

Compass Newport Beach License #01294828

Compass Newport Beach

Last Buyer's Agent

Aaron Mills

Compass Newport Beach License #01294828

Compass Newport Beach

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • End Unit
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,230 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 19
  • Tax Tract Number 5501
  • Assessor Parcel Number 34404205

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,500
  • Gross Income $250
  • Net Operating Income $51,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.24
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 34404205
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: End Unit
  • Levels: Two
  • Price Per Square Foot: 197.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 250.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 51900.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 14100.00
  • Rent Control: No
  • Total Actual Rent: 4.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 19
  • Tax Tract Number: 5501
  • Tax Year: 2012
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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
11/19/2013 11/19/13 Sold $835,000 -1.6% $197 / Sq Ft
10/23/2013 10/23/13 Pending -- -- --
10/07/2013 10/07/13 For Sale $849,000 -- $201 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $11,694 $1,023,591 $752,540 $271,051
2024 $11,694 $1,003,521 $737,784 $265,737
2023 $11,494 $983,845 $723,318 $260,527
2022 $11,399 $964,554 $709,135 $255,419
2021 $11,212 $945,642 $695,231 $250,411
2020 $11,237 $935,946 $688,102 $247,844
2019 $10,854 $917,595 $674,610 $242,985
2018 $10,724 $899,603 $661,382 $238,221
2017 $10,552 $881,964 $648,414 $233,550
2016 $10,345 $864,671 $635,700 $228,971
2015 $10,232 $851,683 $626,151 $225,532
2014 $9,935 $835,000 $613,885 $221,115
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13204502

California Regional Multiple Listing Service (CRMLS)

APN: 344-042-05