$1,742,500
UNDER CONTRACT

Estimated payment $11,164/month

Total Views 1,869
6 Beds
6 Baths
3,963 Sq Ft
$440 Price per Sq Ft

About This Home

HIS PRIDE OF OWNERSHIP TURNKEY FOURPLEX IS LOCATED BLOCKS FROM SOUTH COAST PLAZA AND IS PRICED TO SELL! PRICED AT A 5.64 CAP RATE AND 12ZGRM. THE BUILDING HAS A BRAND NEW ROOF INSTALLED IN 2024! ALL FOUR UNITS HAVE BEEN FULLY RENOVATED TO INCLUDE THE FOLLOWING: VINYL FLOORING, NEW SUB PANELS, NEW COUNTERTOPS AND CABINETRY, RE-GLAZED TUBS, NEW BATHROOMS, DUAL PANE VINYL WINDOWS, NEW PAINT AND ELECTRIC FIXTURES, SOME UNITS HAVE BRAND NEW HEATING SYSTEM. ALL UNITS ARE TWO BEDROOM TOWNHOME STYLE WITH PRIVATE PATIOS AND ARE LEASED WITH A GARAGE. RUBS IMPLEMENTED, MAKING THIS AN EXTREMELY LOW EXPENSE HIGH CASHFLOWING ASSET!

Listing Agent

Randall Mycorn

R L M Equities Brokerage Phone: 949-573-5309 License #02078223 Listed on: 07/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,963 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 3680
  • Assessor Parcel Number 41041206
  • $1,072 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $478
  • Fuel Expense $370
  • Gardener Expense $1,200
  • Insurance Expense $2,774
  • Maintenance Expense $1,400
  • Other Expense $400
  • Trash Expense $4,066
  • Water Sewer Expense $1,676
  • New Taxes Expense $21,439
  • Operating Expense $34,767
  • Gross Income $6,492
  • Net Operating Income $98,227

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.64
  • Price Per Unit: 435625
  • Property Attached: Yes
  • Subdivision Name Other: South Coast Metro
  • Water Sewer Expenses: 1676.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 41041206
  • Year Built: 1961
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 439.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4066.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 478.00
  • Fuel Expense: 370.00
  • Gross Income: 6492.00
  • Gross Multiplier: 12.00
  • Gross Operating Income: 132995.00
  • Gross Scheduled Income: 137108.00
  • Insurance Expense: 2774.00
  • Laundry Income: 1200.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 1400.00
  • Net Operating Income: 98227.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 34767.00
  • Other Expense: 400.00
  • Other Expense Description: RSO
  • Other Income2: 5292.00
  • Other Income Description: RUBS Est.
  • Rent Control: Yes
  • Total Expenses: 34767.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21439.00
  • Tax Census Tract: 740.05
  • Tax Lot: 8
  • Tax Tract Number: 3680
  • TaxOtherAnnualAssessmentAmount: 1072.00

Map

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
07/30/2025 07/30/25 For Sale $1,742,500 +42.2% $440 / Sq Ft
08/30/2024 08/30/24 Sold $1,225,000 -19.7% $309 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $1,525,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25171274

California Regional Multiple Listing Service (CRMLS)

APN: 410-412-06