NOT LISTED FOR SALE
6 Beds
3 Baths
2,611 Sq Ft
6,531 Sq Ft Lot

Last Sold October 30, 2017

Last sale price $817,500 $313 Per Sq Ft

14 Days on Market

Highlights

  • Gated Community
  • Main Floor Bedroom
  • Private Yard
  • View of Trees or Woods
  • Spanish Architecture
  • No HOA

About This Home

As of October 2017

Investors Dream! The building features three spacious 2bd/1ba each with a 1 car garage. Pride of Ownership can definitely be seen in this amazingly cared for Triplex. The building was freshly painted and termite work completed. Unit A has a connected garage and a huge private backyard. The tenant has occupied the unit for 8+ years. Unit B was updated in May 2016 with laminate wood flooring, new bathroom vanity, new light fixtures, and new tile in the bathroom and tub surround. Unit C is kept immaculate by the tenant and they have lived there for 7+ years. Owner pays water and gardener. Don't miss out on this turnkey investment opportunity!

Last Agent to Sell the Property

MLS Department

Out Of Area License #88888888 Listed on: 08/31/2017

Last Buyer's Agent

Michael McMurtray

The L3 License #01971841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 6,531 Sq Ft Lot
  • Lot Dimensions are 65'x100'
  • Two or More Common Walls
  • Wrought Iron Fence
  • Fence is in excellent condition
  • Landscaped
  • Paved or Partially Paved Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Property Views

  • Woods
  • Park or Greenbelt

Home Design

  • Triplex
  • Spanish Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Partial Copper Plumbing
  • HardiePlank Type
  • Stucco

Interior Spaces

  • 2,611 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Window Screens
  • Insulated Doors

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Tile Countertops
  • Disposal

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 57
  • Tax Tract Number 3769
  • Assessor Parcel Number 14433104

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,000
  • Operating Expense $14,680
  • Gross Income $61,800
  • Net Operating Income $58,320

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 7.29
  • Inclusions: Three range/ovens, Two refrigerators, One washer, One dryer
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Well Report: No
  • Architectural Style: Spanish
  • Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 14433104
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Tile Counters
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 313.10
  • Room Type: Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s), Storage
  • Exterior Features: Lighting, Satellite Dish
  • View: Park/Greenbelt, Trees/Woods
  • Fence: Yes
  • Fencing: Excellent Condition, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Hardiplank Type, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Range Hood, Refrigerator
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Lot 6500-9999, Paved, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Yard
  • Lot Size: 65'x100'
  • Lot Size Sq Ft: 6531.00

Rental Info

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

Multi Family

  • Average2 Bed Area: 870 Square Feet
  • Gross Income: 61800.00
  • Gross Multiplier: 12.90
  • Gross Operating Income: 61800.00
  • Gross Scheduled Income: 61800.00
  • Gross Spendable Income: 58320.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 58320.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 3480.00
  • Operating Expense Percent: 5.63
  • Rent Control: No
  • Total Actual Rent: 5150.00
  • Total Expenses: 14680.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Area: 11062
  • Tax Census Tract: 992.49
  • Tax Lot: 57
  • Tax Tract Number: 3769

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
10/30/2017 10/30/17 Sold $817,500 +2.3% $313 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $799,000 -- $306 / 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: OC17206347

California Regional Multiple Listing Service (CRMLS)

APN: 144-331-04