$1,060,000
SOLD AUG 23, 2018
6 Beds
4 Baths
2,885 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$367 Per Sq Ft

8% Below List Price

16 Days on Market

Highlights

  • Open Floorplan
  • Property is near a park
  • Main Floor Primary Bedroom
  • Paularino Elementary School Rated A-
  • Traditional Architecture
  • Corner Lot

About This Home

As of January 2019

Incredible Investment Opportunity - Ideally located on a corner parcel with mature trees, this triplex brings a desirable unit mix that generates steady income, offers ample outdoor entertaining space and individual laundry for each unit, as well as separate garages and off street parking. There is a ground level three bedroom unit with two bathrooms, an inviting open concept with fireplace and access to their own private patio that runs the width of the building. The second level brings a large two bedroom unit with one bathroom as well as a spacious one bedroom unit with one bathroom. Perfect for the investor with the intent to add value, this property is situated just a short distance from world class shopping and eateries at South Coast Plaza and Fashion Island, John Wayne Airport, and the famed beaches of the Newport Peninsula.

Last Agent to Sell the Property

Matt Perry

Arbor Real Estate License #01192690 Listed on: 07/10/2018

Last Buyer's Agent

James Gray

Arbor Real Estate License #01065395

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Fence is in average condition
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

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

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,885 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Fireplace Features Masonry
  • Gas Fireplace
  • Drapes & Rods
  • Window Screens
  • Living Room with Fireplace

Kitchen

  • Galley Kitchen
  • Formica Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 12
  • Tax Tract Number 9474
  • Assessor Parcel Number 41812112

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $56,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 41812112
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Formica Counters, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Fireplace Features: Living Room, Gas, Masonry
  • Levels: Two
  • Price Per Square Foot: 367.42
  • Room Type: Galley Kitchen, Kitchen, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Drapes, Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lawn, Level with Street, Rectangular Lot, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 6534.00

Rental Info

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

Multi Family

  • Gross Income: 56400.00
  • Gross Scheduled Income: 54600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Rent Control: No
  • Total Actual Rent: 4550.00

Tax Info

  • Tax Census Tract: 639.08
  • Tax Lot: 12
  • Tax Tract Number: 9474

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
01/10/2019 01/10/19 Sold $1,322,500 -5.2% $458 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
12/06/2018 12/06/18 For Sale $1,395,000 +31.6% $484 / Sq Ft
08/23/2018 08/23/18 Sold $1,060,000 -7.8% $367 / Sq Ft
07/10/2018 07/10/18 For Sale $1,150,000 -- $399 / 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: LG18163991

California Regional Multiple Listing Service (CRMLS)

APN: 418-121-12