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

Sale Details

Date Sold: November 19, 2013

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

16 Days on Market

Highlights

  • End Unit
  • No HOA
  • Laundry Facilities
  • 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 License #01294828

Compass

Last Buyer's Agent

Aaron Mills

Compass License #01294828

Compass
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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
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

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

8,712 Sq Ft Lot

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

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
Oct 7, 2013
Closed on
Oct 18, 2013
Sold by
Bought by
Seller's Agent
Jennifer Sanchez
ERA North Orange County
Buyer's Agent
Aaron Mills
Compass
List Price
$849,000
Sold Price
$835,000
Premium/Discount to List
-$14,000
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2009
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
$365,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2008
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
$350,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 2006
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
$930,050
Interest Rate
8.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 19, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 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
$225,600
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
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
$835,000 Fntoc
-- None Available
-- First American Title Company
$668,000 First American Title Ins Co
$694,803 North American Title Co
$979,000 Fidelity National Title Co
-- --
$282,000 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 $373,000
Closed $626,250
Previous Owner $383,000
Previous Owner $365,000
Previous Owner $350,000
Previous Owner $930,050
Previous Owner $320,000
Previous Owner $225,600
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
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

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 $11,958 $1,044,062 $767,590 $276,472
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

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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

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