NOT LISTED FOR SALE

309 Grace Ave La Habra, CA 90631

Estimated Value: $959,000 - $1,997,000

4 Beds
2 Baths
1,600 Sq Ft
$924/Sq Ft Est. Value

Last Sold May 23, 2018

Last sale price $1,375,000 $859 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,405/month

12 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Las Lomas Park
  • Sonora High School Rated A
  • Level Lot

About This Home

As of May 2018

One of a Kind Investment Opportunity! Seller is Liquidating Portfolio of 3 Duplexes next to each other. 301,303,305,307,309 and 311 Grace Ave. are all Selling together for a Total of $1,599,000. Each Detached Separate Unit has 2 Bedrooms with 1 Bath. All Units have been recently Remodeled inside with Nice Kitchen Cabinets, Granite Counters and Tile Floors Throughout. All Units are Approximately 800 Square Feet and are Individually Metered and Tenants Pay all Utilities. Tenants are Month to Month. Great opportunity for a long term investor who wants to yield a good cap rate or an investor who may want to come in and clean up the exterior of the properties to increase performance and resell. Properties selling "As Is" No Repairs No Termite.

Last Agent to Sell the Property

Vickie Kruhmin

Pacific Pointe Management Grp License #01336526 Listed on: 04/20/2018

Last Buyer's Agent

Ed Diaz

Vanguard Property Group License #01022469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,560 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 1,600 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 11
  • Tax Tract Number 715
  • Assessor Parcel Number 01909218

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $946
  • New Taxes Expense $1,991
  • Operating Expense $2,937
  • Gross Income $27,000
  • Net Operating Income $24,063

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,560 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Sunny Hills Village (SUNH)
  • Property Type: Residential Income
  • Parcel Number: 01909218
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 859.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6560.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 27000.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 946.00
  • Net Operating Income: 24063.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2937.00
  • Rent Control: No
  • Total Expenses: 2937.00

Tax Info

  • New Taxes Expense: 1991.00
  • Tax Census Tract: 13.03
  • Tax Lot: 11
  • Tax Tract Number: 715

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Elias Pomina Capital Group Llc
Bought by
Vu Lam
Current Estimated Value
$1,478,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Outstanding Balance
$629,229
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$848,771

Purchase Details

Closed on
Oct 24, 2018
Sold by
Diaz Edmundo F and Diaz Lilia M
Bought by
Elias Pomina Capital Group Llc

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 7, 2018
Sold by
Grace Avenue Properties Llc
Bought by
Diaz Edmundo F and Diaz Lilia M
Seller's Agent
Vickie Kruhmin
Pacific Pointe Management Grp
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$1,599,000
Sold Price
$1,375,000
Premium/Discount to List
-$224,000
-14.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.93%
Original Mortgage
$1,031,250
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2007
Sold by
Yager Herman
Bought by
Yager Herman
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
Vu Lam -- Fidelity National Title
Vu Lam -- Fidelity National Title
Elias Pomina Capital Group Llc $1,775,000 First American Title Co
Diaz Edmundo F $1,375,000 First American Title Co
Yager Herman -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vu Lam $633,750
Previous Owner Diaz Edmundo F $1,031,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2018 05/23/18 Sold $1,375,000 -14.0% $859 / Sq Ft
04/25/2018 04/25/18 For Sale $1,599,000 +16.3% $999 / Sq Ft
04/23/2018 04/23/18 Off Market $1,375,000 -- --
04/12/2018 04/12/18 For Sale $1,599,000 -- $999 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,570 $660,013 $595,212 $64,801
2024 $7,570 $647,072 $583,541 $63,531
2023 $7,397 $634,385 $572,099 $62,286
2022 $7,320 $621,947 $560,882 $61,065
2021 $7,202 $609,752 $549,884 $59,868
2020 $7,134 $603,500 $544,245 $59,255
2019 $6,937 $591,667 $533,573 $58,094
2018 $2,025 $140,787 $97,376 $43,411
2017 $1,991 $138,027 $95,467 $42,560
2016 $1,948 $135,321 $93,595 $41,726
2015 $1,897 $133,289 $92,189 $41,100
2014 $1,845 $130,679 $90,384 $40,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18090717

California Regional Multiple Listing Service (CRMLS)

APN: 019-092-18

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