NOT LISTED FOR SALE
8 Beds
8 Baths
3,820 Sq Ft
9,148 Sq Ft Lot

Last Sold April 11, 2023

Last sale price $1,552,500 $406 Per Sq Ft

8 Days on Market

Highlights

  • Granite Countertops
  • Balcony
  • Cooling System Mounted To A Wall/Window
  • Valencia High School Rated A+
  • Double Pane Windows
  • Living Room

About This Home

As of April 2023

ALL RENTS HAVE BEEN RAISED EXCEEDING PREVIOUS PERFORMA FOR THIS INCOME GENERATING - SUPER CLEAN PROPERTY. ALL UNITS ARE 2 + 2 WITH LARGE PATIOS. EACH UNIT HAS A SINGLE CAR GARAGE - ADDED INCOME IS GENERATED FROM THE 5TH GARAGE. THESE UNITS ARE VERY SPACIOUS - HAVE BEEN REMODELED INCLUDING NEWER KITCHENS AND BATH - NEWER WINDOWS - NEWER TILE FLOORING - RECENTLY PAINTED - PLUS A REPIPE OF PEX PLUMBING THROUGHOUT. ALL UNITS WITH SEPARATE ELECTRIC AND GAS METERS KEEP OPERATING EXPENSE LOW. PRIVATE LAUNDRY ROOM CAN GENERATE EXTRA INCOME. THIS GREAT RENTAL PROPERTY IS ON A SIZABLE LOT - IN A GREAT RENTAL AREA - ON A TREE LINED STREET - BORDERING THE CITY OF PLACENTIA.

Last Agent to Sell the Property

Margo Cagle

SRG Properties License #00872349 Listed on: 02/24/2023

Last Buyer's Agent

Marisol Araya

LONE HILL PROPERTIES License #01193072

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 5 Car Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,820 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 12
  • Tax Tract Number 4081
  • Assessor Parcel Number 34429144
  • $992 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $372
  • Fuel Expense $204
  • Gardener Expense $1,440
  • Insurance Expense $1,200
  • Water Sewer Expense $2,478
  • Operating Expense $5,694
  • Gross Income $1,200
  • Net Operating Income $103,131

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

9,148 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained
  • View: No
  • Water Sewer Expenses: 2478.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 34429144
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Granite Counters, Pantry, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 406.41
  • Room Type: Living Room, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Storage
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking Features: Garage, Garage - Single Door, Street
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 372.00
  • Fuel Expense: 204.00
  • Garage Income: 1200.00
  • Gross Income: 1200.00
  • Gross Scheduled Income: 108600.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 103131.00
  • Number Of Rented Garages: 1
  • 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 Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 5469.00
  • Other Income Description: Wasker/Dryer Income not includ
  • Rent Control: No
  • Total Actual Rent: 8675.00
  • Total Expenses: 5694.00

Tax Info

  • Tax Census Tract: 117.20
  • Tax Lot: 12
  • Tax Tract Number: 4081
  • TaxOtherAnnualAssessmentAmount: 992.00
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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
04/11/2023 04/11/23 Sold $1,552,500 0.0% $406 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
03/04/2023 03/04/23 Off Market $1,552,500 -- --
02/24/2023 02/24/23 For Sale $1,500,000 -- $393 / 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 $17,809 $1,612,880 $1,442,751 $170,129
2024 $17,809 $1,581,255 $1,414,461 $166,794
2023 $16,215 $1,428,000 $1,268,933 $159,067
2022 $5,223 $391,476 $214,210 $177,266
2021 $5,140 $383,800 $210,009 $173,791
2020 $5,143 $379,865 $207,856 $172,009
2019 $4,988 $372,417 $203,780 $168,637
2018 $4,928 $365,115 $199,784 $165,331
2017 $4,851 $357,956 $195,866 $162,090
2016 $4,760 $350,938 $192,026 $158,912
2015 $4,705 $345,667 $189,142 $156,525
2014 $4,573 $338,896 $185,437 $153,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23031823

California Regional Multiple Listing Service (CRMLS)

APN: 344-291-44

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