$1,550,000
SOLD SEP 13, 2017
9 Beds
8 Baths
4,996 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$310 Per Sq Ft

3% Above List Price

6 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Landscaped
  • Fullerton Union High School Rated A
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of May 2024

Most impressive building in the Villa Santiago tract. Impeccable attention to detail will appeal to the quality buyer who takes pride in ownership. This 5,000 sq ft fourplex is located in a prime area across from the Coyote Hills Golf course, close to Cal State Fullerton, Brea Mall, with easy access to the 57 Fwy. Great unit mix -- one single level 3BR/2Ba with a fireplace and two patios, and three 2BR/2Bas. Each unit has central heating and air conditioning, dishwasher and a 2-car tandem garage. In addition to the 8 garages, there are 5 open spaces and street parking. Owner-owned laundry facility on site.
Individually metered for both gas and electricity. New 50-year presidential composition shingle roof. Building exterior recently painted. New landscaping, sprinkler system and dual pane Milgard windows throughout.

Last Agent to Sell the Property

Bill Webster

SVN / Vanguard License #00885653 Listed on: 08/19/2017

SVN / Vanguard

Last Buyer's Agent

Vicky Tran

Professional R.E. Center, Inc. License #01939039

Professional R.E. Center, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Front Yard

Parking

  • 5 Open Parking Spaces
  • 8 Car Garage
  • Tandem Garage
  • On-Street Parking
  • Parking Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,996 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family Room with Fireplace
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 22
  • Tax Tract Number 6140
  • Assessor Parcel Number 28404123

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $10,800
  • Net Operating Income $76,608

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Subdivision Name Other: Villa Santiago
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 28404123
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 310.25
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 8.00
  • Parking Features: Parking Space, Street, Tandem Garage
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 9148.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10800.00
  • Gross Multiplier: 14.87
  • Gross Scheduled Income: 100800.00
  • Net Operating Income: 76608.00
  • 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 Dishwasher: 4
  • Number With Patio: 5
  • Number With Range: 4
  • Operating Expense Percent: 22.00
  • Rent Control: No
  • Total Actual Rent: 8400.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 15.05
  • Tax Lot: 22
  • Tax Tract Number: 6140

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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
05/06/2024 05/06/24 Sold $2,175,000 -1.1% $435 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $2,200,000 +41.9% $440 / Sq Ft
09/13/2017 09/13/17 Sold $1,550,000 +3.4% $310 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
08/19/2017 08/19/17 For Sale $1,499,000 -- $300 / 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: PW17192728

California Regional Multiple Listing Service (CRMLS)

APN: 284-041-23