NOT LISTED FOR SALE
9 Beds
8 Baths
4,996 Sq Ft
8,732 Sq Ft Lot

Sale Details

Date Sold: July 25, 2018

Last sale price $1,490,000 $298 Per Sq Ft

5 Days on Market

About This Home

As of July 2018

Located in a prime area on a well maintained street, close to CSUF, Brea Mall and easy access to freeways. Excellent Income property with huge upside rent potential. Desirable unit mix. Clean and well maintained inside and out. Tandem garages for each unit.

Last Agent to Sell the Property

Tim Gorman

Gorman & Associates License #01929799 Listed on: 04/20/2018

Last Buyer's Agent

Kin-Chih Wang

Harvest Realty License #00841439

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,732 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,996 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 6140
  • Assessor Parcel Number 28404118

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $29,520
  • Gross Income $6,150
  • Net Operating Income $40,590

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

8,732 Sq Ft Lot

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 2.70
  • Inclusions: Washer and Dryer
  • Property Attached: Yes
  • Subdivision Name Other: Brea Blvd/Santiago Rd
  • Property Type: Residential Income
  • Parcel Number: 28404118
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 298.24

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8732.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6150.00
  • Gross Multiplier: 20.30
  • Gross Scheduled Income: 73800.00
  • Net Operating Income: 40590.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 29520.00
  • Other Expense: 29520.00
  • Other Expense Description: 42.1% Es
  • Rent Control: No
  • Total Actual Rent: 6150.00

Tax Info

  • Tax Census Tract: 15.05
  • Tax Lot: 26
  • Tax Tract Number: 6140

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

Closed on
Jun 5, 2020
Sold by
Bought by

Purchase Details

Closed on
May 22, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,043,000
Interest Rate
0.055%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 19, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 18, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
0.0557%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
0.0718%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,100
Interest Rate
0.077%
Mortgage Type
Purchase Money Mortgage
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 Available
$1,490,000 Western Resources Title Co
-- None Available
$860,000 Ticor Title
$599,000 North American Title Co
-- --
$399,000 North American Title Co
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
Closed $1,043,000
Closed $535,000
Closed $349,000
Closed $359,100
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
07/25/2018 07/25/18 Sold $1,490,000 -0.7% $298 / Sq Ft
04/20/2018 04/20/18 For Sale $1,500,000 -- $300 / 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 $18,455 $1,662,121 $1,471,348 $190,773
2024 $18,455 $1,629,531 $1,442,498 $187,033
2023 $18,011 $1,597,580 $1,414,214 $183,366
2022 $17,893 $1,566,255 $1,386,484 $179,771
2021 $17,584 $1,535,545 $1,359,298 $176,247
2020 $17,488 $1,519,800 $1,345,360 $174,440
2019 $17,033 $1,490,000 $1,318,980 $171,020
2018 $12,599 $1,074,622 $864,467 $210,155
2017 $12,391 $1,053,551 $847,516 $206,035
2016 $11,154 $942,231 $747,611 $194,620
2015 $10,847 $928,078 $736,381 $191,697
2014 $10,729 $928,078 $736,381 $191,697
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18090230

California Regional Multiple Listing Service (CRMLS)

APN: 284-041-18

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