NOT LISTED FOR SALE
9 Beds
7 Baths
4,366 Sq Ft
7,405 Sq Ft Lot

Last Sold November 15, 2016

Last sale price $1,500,000 $344 Per Sq Ft

20 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • No HOA
  • Segerstrom High School Rated A-
  • Granite Countertops
  • Double Pane Windows

About This Home

As of November 2016

Wow!!! Priced significantly above the last sale but worth every penny!!! Most highly upgraded Covington 4-Plex to come on the market in many, years...maybe ever!!!. Better than new! Virtually nothing left to do but collect rents. Upgrades completed in the last 2 years include: All new quality kitchen cabinets/granite counter tops, new appliances & plumbing fixtures. All new bathrooms - new tubs, new shower doors, new toilets, sinks, vanities & light fixtures. All units have new UV coated vinyl dual pane windows with window coverings/horizontal blinds. New ceiling fans in all bedrooms, kitchen eating areas and living rooms. Units 1,2, and 4 have new ceramic tile floors throughout. Unit 3 has ceramic tile in all but the hallway which is laminate wood. All new front doors, new water heaters. Units 1,2 and 3 have new forced air htrs. Unit 4 has new wall heater. New drywall in garages & new gar. doors/auto openers & partitioned inside. All new high quality redwood fencing and concrete patios for all units. All new outside stairs leading up to unit #4 which has beautiful new decking & fencing, Unit 3 has new deck railings and privacy fencing. All new drought resistant landscaping with drip watering system. Front lawns are artificial turf requiring no watering resulting in low water expense for the owner. The property has complete new beautiful landscaping. All units have W/D hook-ups in gar. Exceptional curb appeal & many more upgrades shown on the attached list of improvements.

Last Agent to Sell the Property

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 09/29/2016

Last Buyer's Agent

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 09/29/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,532

Year Built

  • Built in 1969

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Redwood Fence
  • New Fence
  • Corner Lot
  • Drip System Landscaping
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Asphalt Roof
  • Clapboard
  • Stucco

Interior Spaces

  • 4,366 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 6798
  • Assessor Parcel Number 41402312

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
  • Electric Expense $570
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $1,863
  • Trash Expense $2,202
  • Water Sewer Expense $1,624
  • New Taxes Expense $18,532
  • Gross Income $91,800
  • Net Operating Income $60,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,532

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1624.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 41402312
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 343.56
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Excellent Condition, New Condition, Redwood, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Clapboard, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven
  • Heating Type: Central, Wall Furnace, Forced Air, Fireplace(s)
  • Laundry Features: Common Area, Community, Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 2202.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Lot 6500-9999, Sprinklers Drip System
  • Lot Size Sq Ft: 7405.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 570.00
  • Gross Income: 91800.00
  • Gross Multiplier: 17.40
  • Gross Scheduled Income: 90540.00
  • Insurance Expense: 1800.00
  • Maintenance Expense: 1863.00
  • Net Operating Income: 60890.00
  • Number Of Rented Garages: 5
  • 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 Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 25438.00
  • Rent Control: No
  • Total Actual Rent: 91800.00
  • Vacancy Allowance: 1836
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 18532.00
  • Tax Area: 11-007
  • Tax Census Tract: 741.06
  • Taxes Percent: 1.12
  • Tax Lot: 1
  • Tax Rate: 1.12
  • Tax Tract Number: 6798
  • Tax Annual Amount: 18532.50
  • Tax Year: 2016

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
11/15/2016 11/15/16 Sold $1,500,000 -4.8% $344 / Sq Ft
09/22/2016 09/22/16 For Sale $1,575,000 +43.2% $361 / Sq Ft
10/03/2014 10/03/14 Sold $1,100,000 0.0% $252 / Sq Ft
09/03/2014 09/03/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $1,100,000 -- $252 / 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: OC16709651

California Regional Multiple Listing Service (CRMLS)

APN: 414-023-12