$1,685,000
SOLD MAR 5, 2025
9 Beds
7 Baths
4,352 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$387 Per Sq Ft

16% Below List Price

89 Days on Market

Highlights

  • Lawn
  • Double Pane Windows
  • Carpet
  • Segerstrom High School Rated A-
  • Laundry Room

About This Home

As of March 2025

Great opportunity to own a well maintained 4 Plex in the Covington area of Santa Ana. Located close to South Coast Plaza all the units have been upgraded over the years and are in great condition! Each unit has separate garages and laundry hook ups. All four of the units are currently occupied by excellent long-term tenants. Each unit is metered separately for gas and electricity. Deck upstairs recently passed SB721 Inspection!

Last Agent to Sell the Property

Matthew Drenner

Real Estate Establishment Inc. Brokerage Email: reemattdren@gmail.com License #01945690 Listed on: 11/15/2024

Last Buyer's Agent

Martin Gonzalez

Realty Executives All Cities License #01204139

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,352 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 6505
  • Assessor Parcel Number 41401304

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $200
  • Gardener Expense $1,200
  • Insurance Expense $3,400
  • Trash Expense $3,975
  • Water Sewer Expense $1,900
  • New Taxes Expense $21,945
  • Operating Expense $32,620
  • Gross Income $1,200
  • Net Operating Income $76,736

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.90
  • Price Per Unit: 437500
  • Property Attached: Yes
  • Subdivision Name Other: /
  • Water Sewer Expenses: 1900.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 41401304
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 387.18
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 3975.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot 6500-9999
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Average3 Bed Area: 1250 Square Feet
  • Electric Expense: 200.00
  • Gross Income: 1200.00
  • Gross Scheduled Income: 104736.00
  • Insurance Expense: 3400.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 76736.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 27000.00
  • Operating Expense Percent: 26.00
  • Other Income Description: Parking space
  • Rent Control: Yes
  • Total Expenses: 32620.00

Tax Info

  • New Taxes Expense: 21945.00
  • Tax Census Tract: 741.06
  • Tax Lot: 17
  • Tax Tract Number: 6505

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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
03/05/2025 03/05/25 Sold $1,685,000 -3.7% $387 / Sq Ft
02/06/2025 02/06/25 Price Changed $1,750,000 -5.4% $402 / Sq Ft
01/09/2025 01/09/25 Price Changed $1,850,000 -7.3% $425 / Sq Ft
11/15/2024 11/15/24 For Sale $1,995,000 -- $458 / 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: PW24234924

California Regional Multiple Listing Service (CRMLS)

APN: 414-013-04