NOT LISTED FOR SALE

Estimated Value: $651,000 - $1,259,000

18 Beds
10 Baths
6,249 Sq Ft
$165/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $900,000 $144 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,631/month

1 Day on Market

Highlights

  • Horse Property
  • No Units Above
  • Bonus Room
  • Horse Property Unimproved
  • 1 Acre Lot
  • No HOA

About This Home

As of March 2021

4 Amazing Units for Sale.1 ACRE LOT Enjoy HUGE Cash Flow $8200.00 monthly Rents! There is Room to Add More Units on this Huge Lot!! **With 18 Bedrooms and 10 Baths.. Possibilities Are Endless!! ((((Great Income Property)))))) ... > This is a Once in a Lifetime opportunity. ** PROPERTY IS ALSO A HORSE PROPERTY: THE SKY IS THE LIMIT. BRING YOUR INVESTOR THINKING CAP.

Last Agent to Sell the Property

Luis Zapata

Re/Max Champions License #02076099 Listed on: 09/30/2020

Re/Max Champions

Last Buyer's Agent

Luis Zapata

Re/Max Champions License #02076099 Listed on: 09/30/2020

Re/Max Champions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,075

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 1 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Back and Front Yard
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,249 Sq Ft Home
  • 1-Story Property
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 10 Bathrooms

Additional Features

  • Horse Property
  • Suburban Location
  • Agricultural
  • Horse Property Unimproved
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 155
  • Tax Tract Number 2258
  • Assessor Parcel Number 0268101060000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $3,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $11,500
  • Operating Expense $18,000
  • Gross Income $98,400
  • Net Operating Income $80,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,075

Year Built

Built in 1930 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: MS/SD-COM
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0268101060000
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 144.02
  • Room Type: Bonus Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Agricultural, Back Yard, Front Yard, Horse Property, Horse Property Unimproved, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 43560.00
  • Lot Size Acres: 1.0000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 98400.00
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 43560.0000 Square Feet
  • Net Operating Income: 80400.00
  • 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
  • Operating Expense: 18000.00
  • Rent Control: No
  • Total Actual Rent: 8200.00
  • Total Expenses: 18000.00

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Census Tract: 41.04
  • Tax Lot: 155
  • Tax Tract Number: 2258

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2020
Sold by
Osei Adwoa P
Bought by
Osei Kwabena Gyedu
Current Estimated Value
$1,032,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2020
Sold by
Pace Estates Llc
Bought by
Osei Kwabena Gyedu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2019
Sold by
Price Angie
Bought by
Pace Estates Llc

Purchase Details

Closed on
Dec 10, 2008
Sold by
Red Carnation Investments Llc
Bought by
Price Angie

Purchase Details

Closed on
Nov 9, 2006
Sold by
Price Angie
Bought by
Red Carnation Investments Llc

Purchase Details

Closed on
Mar 17, 2006
Sold by
Red Carnation Investments Llc
Bought by
Price Angie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2004
Sold by
Red Carnation Investments Llc
Bought by
Red Carnation Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2004
Sold by
Benitez Antonio
Bought by
Red Carnation Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2004
Sold by
Gonzalez Oscar O
Bought by
Benitez Antonio

Purchase Details

Closed on
Feb 17, 2000
Sold by
Herrera Carlos
Bought by
Gonzalez Oscar O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,744
Interest Rate
8.38%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Osei Kwabena Gyedu -- Lawyers Title
Osei Kwabena Gyedu $900,000 Lawyers Title
Pace Estates Llc -- None Available
Price Angie -- None Available
Red Carnation Investments Llc -- None Available
Price Angie -- None Available
Red Carnation Investments Llc -- --
Red Carnation Investments Llc $270,000 Equity Title Co Santa Ana
Benitez Antonio -- --
Gonzalez Oscar O $189,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osei Kwabena $350,000
Previous Owner Osei Kwabena Gyedu $675,000
Previous Owner Price Angie $536,000
Previous Owner Red Carnation Investments Llc $248,500
Previous Owner Gonzalez Oscar O $187,744
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $900,000 -30.8% $144 / Sq Ft
10/29/2020 10/29/20 For Sale $1,300,000 0.0% $208 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $1,300,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $12,075 $974,189 $232,723 $741,466
2024 $12,075 $955,087 $228,160 $726,927
2023 $11,775 $936,360 $223,686 $712,674
2022 $11,807 $918,000 $219,300 $698,700
2021 $8,828 $666,837 $191,968 $474,869
2020 $8,700 $647,623 $176,624 $470,999
2019 $8,436 $634,925 $173,161 $461,764
2018 $8,180 $622,476 $169,766 $452,710
2017 $6,918 $532,000 $187,800 $344,200
2016 $6,037 $468,800 $165,500 $303,300
2015 $5,664 $425,000 $150,000 $275,000
2014 $5,631 $428,000 $150,000 $278,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20203509

California Regional Multiple Listing Service (CRMLS)

APN: 0268-101-06