NOT LISTED FOR SALE
9 Beds
7 Baths
4,553 Sq Ft
7,841 Sq Ft Lot

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Granite Countertops
  • Segerstrom High School Rated A-
  • Main Floor Primary Bedroom
  • No HOA

About This Home

Meticulously maintained & perfectly located in the South Coast Metro area of Orange County. This Large 4553 square foot Covington fourplex is just the investment you have been looking for. All four units have newer windows, large private patios, large kitchens, walk in closets, garages, private laundry in each garage & two extra off street parking places that the units share. The building has been newly landscaped with a battery operated automatic sprinkler system. Unit 1 is a 3 bedroom, 2 bath, single-story with a fireplace, 2 car garage, newer furnace and large outdoor patio. Unit 2 is a single story, 2 bedrooms, 2 Baths, offering a newer sliding glass door, remodeled kitchen and bathrooms featuring granite counters and newer maple cabinets. This unit boasts newer carpet and paint. Unit 3 is two stories with 2 bedrooms, 1.5 bathrooms, also with a remodeled kitchen and bathrooms featuring granite counters, maple cabinets, newer carpet and paint. Unit 4 is an upstairs carriage unit with 2 bedrooms and 1 bath all on one floor. This unit offers an extra-large balcony & an open floor plan. All units are individually metered for gas and electric. This 4 plex is centrally located in Orange Count. It is Walking distance to two schools, one being the newer Segerstrom High School & walking distance to Calvary Church and School. Close to shopping, Parks, Restaurants, schools, John Wayne Airport and the 405 freeways. Current rents are below market with Upside rental potential

Last Agent to Sell the Property

Maria Xanthakis

Seven Gables Real Estate License #01322068 Listed on: 06/07/2017

Seven Gables Real Estate

Last Buyer's Agent

Elizabeth Do

Keller Williams Realty License #01473012

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Traditional Architecture
  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4,553 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Family Room with Fireplace

Kitchen

  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 9
  • Tax Tract Number 6827
  • Assessor Parcel Number 41401204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $454
  • Gardener Expense $720
  • Insurance Expense $1,404
  • Trash Expense $1,072
  • Water Sewer Expense $1,908
  • New Taxes Expense $17,500
  • Operating Expense $21,234
  • Gross Income $72,000
  • Net Operating Income $57,874

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Covington
  • Water Sewer Expenses: 1908.00
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 41401204
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, Open Floorplan, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 315.18
  • Room Type: Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace, Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1072.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 454.00
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1404.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 57874.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 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: 14126.00
  • Rent Control: No
  • Total Actual Rent: 6000.00
  • Total Expenses: 21234.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Census Tract: 741.06
  • Tax Lot: 9
  • Tax Tract Number: 6827

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
07/03/2017 07/03/17 Pending -- -- --
07/03/2017 07/03/17 Price Changed $1,499,000 -1.7% $329 / Sq Ft
06/27/2017 06/27/17 For Sale $1,525,000 0.0% $335 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
06/07/2017 06/07/17 For Sale $1,525,000 -- $335 / 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: OC17127596

California Regional Multiple Listing Service (CRMLS)

APN: 414-012-04