NOT LISTED FOR SALE

Estimated Value: $638,000 - $756,000

8 Beds
4 Baths
3,880 Sq Ft
$184/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $450,000 $116 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,219/month

Highlights

  • 19,044 Sq Ft lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Laundry Room
  • Carpet

About This Home

As of October 2018

The property consists of 4 detached stand alone homes on 1 large parcel. Features include 2 bedrooms, 1 bathroom, living room, dining room, breakfast nook, one car garages, laundry hookups, covered patios, forced heating and air conditioning.

Last Agent to Sell the Property

Norm Kyriss

Century 21 Masters License #01108986 Listed on: 10/08/2018

Century 21 Masters

Last Buyer's Agent

Norm Kyriss

Century 21 Masters License #01108986 Listed on: 10/08/2018

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.44 Acre Lot
  • No Common Walls
  • Corner Lot
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,880 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 437081021

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $4,330
  • New Taxes Expense $5,837
  • Operating Expense $11,967
  • Gross Income $40,800
  • Net Operating Income $27,933

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.82
  • Property Attached: No
  • Water Sewer Expenses: 4330.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 437081021
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 115.98

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot
  • Lot Size Sq Ft: 19044.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 970 Square Feet
  • Gross Income: 40800.00
  • Gross Multiplier: 11.94
  • Gross Operating Income: 39900.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 27933.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11967.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 11967.00

Tax Info

  • New Taxes Expense: 5837.00
  • Tax Census Tract: 436.01
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2020
Sold by
Golden Opportunity No 28 Lp
Bought by
Cobra 28 No 8 Lp
Current Estimated Value
$714,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,521,800
Outstanding Balance
$7,539,699
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$6,824,850

Purchase Details

Listed on
Oct 8, 2018
Closed on
Sep 11, 2018
Sold by
Rhine Linda Duncan
Bought by
Golden Opportunity No 28 Lp
Seller's Agent
Norm Kyriss
Century 21 Masters
Buyer's Agent
Norm Kyriss
Century 21 Masters
List Price
$480,000
Sold Price
$450,000
Premium/Discount to List
-$30,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%

Purchase Details

Closed on
Jun 23, 2014
Sold by
Rhine Linda Duncan
Bought by
Rhine Linda Duncan

Purchase Details

Closed on
Aug 13, 2013
Sold by
Rhine Lindan Duncan
Bought by
Rhine Linda Duncan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,600
Interest Rate
4.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cobra 28 No 8 Lp -- Orange Coast Title
Golden Opportunity No 28 Lp $465,000 None Available
Rhine Linda Duncan -- None Available
Rhine Linda Duncan -- Title365 Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobra 28 No 8 Lp $8,521,800
Previous Owner Rhine Linda Duncan $289,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2018 10/15/18 Sold $450,000 -6.3% $116 / Sq Ft
10/08/2018 10/08/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $480,000 -- $124 / 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 $5,691 $479,668 $119,916 $359,752
2023 $5,691 $461,044 $115,260 $345,784
2022 $5,557 $452,004 $113,000 $339,004
2021 $5,664 $460,000 $110,000 $350,000
2020 $5,420 $438,600 $109,650 $328,950
2019 $5,320 $430,000 $107,500 $322,500
2018 $3,823 $302,058 $93,604 $208,454
2017 $3,747 $296,136 $91,769 $204,367
2016 $3,580 $290,330 $89,970 $200,360
2015 $3,534 $285,970 $88,619 $197,351
2014 $3,414 $280,370 $86,884 $193,486
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW18215690

California Regional Multiple Listing Service (CRMLS)

APN: 437-081-021