NOT LISTED FOR SALE
9 Beds
7 Baths
4,634 Sq Ft
8,152 Sq Ft Lot

Last Sold June 14, 2022

Last sale price $1,550,000 $334 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Valencia High School Rated A+

About This Home

As of June 2022

Highly sought-after Covington style 4-plex in high demand rental area in Anaheim.
Approx. 4,634 sq. ft. building consisting of one 3-bedroom 2-bath owners style unit (approx. 1,750 sq ft) with fireplace, vaulted ceiling in living room, large patio, and two 1-car garages.
Two 2-bedroom 2-bath units with balcony and one 2-bedroom 1-bath townhouse style units with enclosed patios. All units have enclosed garages.
Unit C had kitchen & bath remodeled within the past 2 years including granite counter tops.
New patio covers!
3 units have laundry hook-ups PLUS on-site laundry for additional income!
Roof and plumbing replaced in last 10 years (approx.), water heater replaced within last year approx.
Individually metered for Gas & Electric. (Tenants pay)
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 (Approx 5+ years).

Last Agent to Sell the Property

Carlo Sparacino

Joseph Sparacino, Broker License #01849499 Listed on: 05/03/2022

Co-Listed By

Joseph Sparacino

Joseph Sparacino, Broker License #01034547

Last Buyer's Agent

Chad Langseth

Keller Williams Realty License #00993554

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 8,152 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,634 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 5231
  • Assessor Parcel Number 34402307

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Insurance Expense $2,500
  • Maintenance Expense $2,000
  • Trash Expense $1,700
  • Water Sewer Expense $1,700
  • New Taxes Expense $17,050
  • Operating Expense $25,150
  • Gross Income $87,372
  • Net Operating Income $62,222

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.01
  • Property Attached: No
  • Water Sewer Expenses: 1700.00
  • Property Type: Residential Income
  • Parcel Number: 34402307
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 334.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1700.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8152.00
  • Lot Size Acres: 0.1871

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 87372.00
  • Gross Scheduled Income: 87372.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 8152.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 62222.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25150.00
  • Rent Control: Yes
  • Total Expenses: 25150.00

Tax Info

  • New Taxes Expense: 17050.00
  • Tax Lot: 19
  • Tax Tract Number: 5231

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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List 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
06/14/2022 06/14/22 Sold $1,550,000 0.0% $334 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $1,550,000 -- $334 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22091468

California Regional Multiple Listing Service (CRMLS)

APN: 344-023-07