$1,710,000
SOLD APR 11, 2025
2 Beds
2 Baths
3,963 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$431 Per Sq Ft

7% Below List Price

32 Days on Market

About This Home

As of April 2025

HIGHEST INCOME NON COASTAL FOUPLEX ON THE MARKET IN ORANGE COUNTY! THIS PRIDE OF OWNERSHIP TURNKEY FOURPLEX IS LOCATED BLOCKS FROM SOUTH COAST PLAZA AND IS PRICED TO SELL! BRAND NEW ROOF WAS JUST INSTALLED! ALL FOUR UNITS HAVE BEEN FULLY RENOVATED TO INCLUDE THE FOLLOWING: VINYL FLOORING, NEW SUB PANELS, NEW COUNTERTOPS AND CABINETRY, RE-GLAZED TUBS, NEW BATHROOMS, DUAL PANE VINYL WINDOWS, NEW PAINT AND ELECTRIC FIXTURES, SOME UNITS HAVE BRAND NEW HEATING SYSTEM. ALL UNITS ARE TWO BEDROOM TOWNHOME STYLE WITH PRIVATE PATIOS AND ARE LEASED WITH A GARAGE. RUBS IMPLEMENTED, MAKING THIS AN EXTREMELY LOW EXPENSE HIGH CASHFLOWING ASSET!

Last Agent to Sell the Property

Randall Mycorn

R L M Equities Brokerage Phone: 949-573-5309 License #02078223 Listed on: 02/03/2025

Last Buyer's Agent

Enny Wiratiya

Century 21 On Target License #01711728

Century 21 On Target

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,963 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 3680
  • Assessor Parcel Number 41041201

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $608
  • Fuel Expense $486
  • Gardener Expense $1,200
  • Insurance Expense $2,774
  • Maintenance Expense $1,000
  • Other Expense $800
  • Trash Expense $4,219
  • Water Sewer Expense $2,214
  • New Taxes Expense $22,522
  • Operating Expense $35,850
  • Gross Income $6,492
  • Net Operating Income $100,578

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 448750
  • Property Attached: Yes
  • Water Sewer Expenses: 2214.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 41041201
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 431.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4219.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 608.00
  • Fuel Expense: 486.00
  • Gross Income: 6492.00
  • Gross Operating Income: 136428.00
  • Gross Scheduled Income: 140648.00
  • Insurance Expense: 2774.00
  • Laundry Income: 1200.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 100578.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 35850.00
  • Other Expense: 800.00
  • Other Expense Description: misc.
  • Other Income1: 5292.00
  • Other Income Description: RUBS ESTIMATE
  • Rent Control: Yes
  • Total Expenses: 35850.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22522.00
  • Tax Census Tract: 740.05
  • Tax Lot: 13
  • Tax Tract Number: 3680

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Range of Values:

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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 Change Sq Ft Price
04/11/2025 04/11/25 Sold $1,710,000 -4.7% $431 / Sq Ft
02/09/2025 02/09/25 Price Changed $1,795,000 -2.2% $453 / Sq Ft
02/03/2025 02/03/25 For Sale $1,835,000 +51.3% $463 / Sq Ft
08/30/2024 08/30/24 Sold $1,213,000 -20.5% $306 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $1,525,000 -- $385 / 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: NP25024786

California Regional Multiple Listing Service (CRMLS)

APN: 410-412-01