NOT LISTED FOR SALE
9 Beds
7 Baths
4,519 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: June 28, 2022

Last sale price $1,730,000 $383 Per Sq Ft

77 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Primary Bedroom
  • Tile Flooring
  • Segerstrom High School Rated A-
  • No HOA
  • Sliding Doors

About This Home

As of June 2022

This Conveniently Located Covington South Coast Quadruplex is within walking distance to Calvary Chapel and is close to South Coast Plaza which is known for world-class shopping and dining. Easy Access to the 405 Freeway and John Wayne airport. 
Unit #1 is the most desirable ground-level single story with three bedrooms, two bathrooms, a shared two-car garage, fireplace, front yard, and spacious side patio. 
Unit #2 is ground level with two bedrooms, two bathrooms, shared two-car garage front-yard, and side-patio.
Unit #3 is ground level with two bedrooms, two bathrooms, shared two-car garage, and a deck. 
Unit #4 is an upper level with two bedrooms, one bathroom, shared two car garage, and a deck. 
All units have separate water heaters. Additionally, each unit has it own Washer/Dryer hook-ups in the garage.
All units are occupied with current rents and reliable paying tenants.
This property is an incredible investment in a wonderful neighborhood. A rare opportunity to own in the area of South Coast Metro.
This property is likely to sell quickly. Submit your offers now while the opportunity still exists.

Last Agent to Sell the Property

Conrad Peterson

Coldwell Banker Realty License #00920657 Listed on: 03/17/2022

Coldwell Banker Realty

Last Buyer's Agent

Hanh Swantek

First Team Real Estate License #02143795

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Common Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,519 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Window Screens
  • Sliding Doors
  • Panel Doors
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • 7 Bathrooms

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 14
  • Tax Tract Number 6690
  • Assessor Parcel Number 41402217
  • $991 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,271
  • Insurance Expense $1,871
  • Maintenance Expense $4,434
  • Other Expense $2,924
  • Pest Control $144
  • Professional Management Expense $4,183
  • Trash Expense $2,048
  • New Taxes Expense $20,000
  • Operating Expense $37,032
  • Gross Income $50,988
  • Net Operating Income $50,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

8,712 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 2.80
  • Professional Management Expense: 4183.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1271.00
  • Parcel Number: 41402217
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Panel Doors, Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 382.83
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Common Roof, Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Asphalt, Concrete, Garage Faces Rear, Garage Door Opener
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Range Hood, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Pest Control Expense: 144.00
  • Sewer: Public Sewer
  • Trash Expense: 2048.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Utilities - Overhead
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Gross Operating Income: 50988.00
  • Gross Scheduled Income: 88020.00
  • Insurance Expense: 1871.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 4434.00
  • Net Operating Income: 50988.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 37032.00
  • Other Expense: 2924.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Expenses: 37032.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Census Tract: 741.06
  • Tax Lot: 14
  • Tax Tract Number: 6690
  • TaxOtherAnnualAssessmentAmount: 991.00

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 17, 2022
Closed on
Jun 24, 2022
Sold by
Bought by
Seller's Agent
Conrad Peterson
Coldwell Banker Realty
Buyer's Agent
Hanh Swantek
First Team Real Estate
List Price
$1,850,000
Sold Price
$1,730,000
Premium/Discount to List
-$120,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$919,225
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2022
Closed on
Jun 7, 2022
Sold by
Bought by
Seller's Agent
Conrad Peterson
Coldwell Banker Realty
Buyer's Agent
Hanh Swantek
First Team Real Estate
List Price
$1,850,000
Sold Price
$1,730,000
Premium/Discount to List
-$120,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$919,225
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2003
Sold by
Bought by
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
-- None Listed On Document
$1,730,000 Equity Title
-- --
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 $980,000
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
06/28/2022 06/28/22 Sold $1,730,000 -3.8% $383 / Sq Ft
05/03/2022 05/03/22 Price Changed $1,799,000 -2.8% $398 / Sq Ft
03/17/2022 03/17/22 For Sale $1,850,000 -- $409 / 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 $21,024 $1,835,889 $1,642,030 $193,859
2024 $21,024 $1,799,892 $1,609,834 $190,058
2023 $20,509 $1,764,600 $1,578,268 $186,332
2022 $2,621 $144,425 $39,269 $105,156
2021 $2,570 $141,594 $38,499 $103,095
2020 $2,563 $140,143 $38,105 $102,038
2019 $2,530 $137,396 $37,358 $100,038
2018 $2,456 $134,702 $36,625 $98,077
2017 $2,431 $132,061 $35,907 $96,154
2016 $2,390 $129,472 $35,203 $94,269
2015 $2,357 $127,528 $34,675 $92,853
2014 $2,314 $125,030 $33,995 $91,035
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22052827

California Regional Multiple Listing Service (CRMLS)

APN: 414-022-17

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