NOT LISTED FOR SALE
8 Beds
4 Baths
4,000 Sq Ft
7,405 Sq Ft Lot

Last Sold August 20, 2013

Last sale price $780,000 $195 Per Sq Ft

98 Days on Market

Highlights

  • No Units Above
  • Property is near public transit
  • Side by Side Parking
  • Col. J. K. Tuffree Middle School Rated A
  • No HOA
  • 2-minute walk to Pearl Park

About This Home

As of August 2013

Upgraded Turnkey 4-Unit Income Property!!! Single story property with four - 2 bed and 1 bath units each with their own private gated patios. Upgraded kitchens in all 4 units including granite counter-tops, stainless steel sinks and new or refurbished cabinets. All deferred maintenance has been completed, already producing income with 100% occupancy currently on month to month leases for full control to the new owner to lock in or dispose as they wish. Overgrowth and trees have been removed, fences and patios repaired, entire property has been painted. Property has Three - 2 car garages for 6 car parking. Attached secure laundry area with income producing washer and dryer machines (fully transferable contract split 50/50 between owner and appliance company). Separately metered gas and electricity, owner pays for water, trash and common electricity. Conveniently located 1 block from an elementary school and walking distance to shopping, restaurants and grocery stores, this income property has no problem keeping occupancy year round. 1/2 mile from 57 freeway and 2 miles from Cal State Fullerton. Current tenants have been great and all looking to stay long term. This STANDARD SALE will not last!!!

Last Agent to Sell the Property

Dustin Widner

Atlas Properties License #01362670 Listed on: 04/08/2013

Last Buyer's Agent

Carmen Li

Coldwell Banker Dynasty Arc. License #01276748

Coldwell Banker Dynasty Arc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Three Garage Doors
  • No Driveway
  • Community Parking Structure

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Family Room

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • No Interior Steps
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 5047
  • Assessor Parcel Number 33922505

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $756
  • Insurance Expense $1,177
  • Trash Expense $528
  • Water Sewer Expense $1,050
  • New Taxes Expense $6,801
  • Gross Income $5,200
  • Net Operating Income $51,143

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 6.82
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Income 4-Plex
  • Water Sewer Expenses: 1050.00
  • Property Type: Residential Income
  • Parcel Number: 33922505
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 195.00
  • Room Type: All Bedrooms Down, Family Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Community Structure, Garage, No Driveway, On Site, Private, Garage Faces Rear, Side by Side, Garage - Three Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal
  • Laundry Features: Community, Gas Dryer Hookup, Individual Room
  • Trash Expense: 528.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 756.00
  • Gross Income: 5200.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1177.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 51143.00
  • 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
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 11257.00
  • Rent Control: No
  • Total Actual Rent: 5200.00

Tax Info

  • New Taxes Expense: 6801.00
  • Tax Lot: 13
  • Tax Tract Number: 5047
  • Tax Year: 2011

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
08/20/2013 08/20/13 Sold $780,000 +4.1% $195 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $749,000 -- $187 / 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: OC13051423

California Regional Multiple Listing Service (CRMLS)

APN: 339-225-05