NOT LISTED FOR SALE

317 S Walnut Ave Brea, CA 92821

6 Beds
6 Baths
5,092 Sq Ft
6,970 Sq Ft Lot

Last Sold March 31, 2014

Last sale price $970,000 $190 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wrought Iron Fence
  • Arovista Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 3-minute walk to City Hall Park

About This Home

As of March 2014

Newer prime Brea location three townhouse style apartments.Avg size 1200 sqft,2 bed 2.5 bath with double garages and patios.Pride of ownership- not run of the mill 2 bedrooms.Maybe potential condo conversion as already has sep water,gas,elec meters and fits some of the conversion standards but as City says it is a difficult process with no guarantees.Offers subject to inspection ,all bedrooms upstairs,formal type floor plans.All expenses are not exact and some are estimated only.

Last Agent to Sell the Property

Kevin Campion

Campion, Kevin License #00411631 Listed on: 03/05/2014

Last Buyer's Agent

Joei Kraatz

JK Broker Svcs. License #01157994

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • On-Hand Building Permits

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,092 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 5 / 4
  • Tax Tract Number 141
  • Assessor Parcel Number 28423121

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Built by Kimble

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $600
  • Gardener Expense $960
  • Insurance Expense $1,292
  • Maintenance Expense $2,000
  • Pest Control $100
  • Supplies Expense $300
  • Trash Expense $720
  • Water Sewer Expense $2,000
  • New Taxes Expense $10,000
  • Gross Income $4,475
  • Net Operating Income $37,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

6,970 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 3.70
  • Improvements Percent: 40.00
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s)
  • Supplies Expense: 300.00
  • View: No
  • Water Sewer Expenses: 2000.00
  • Property Condition: Building Permit
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 28423121
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 190.49
  • Room Type: All Bedrooms Up

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fencing: Wrought Iron
  • Builder Name: Kimble
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Pest Control Expense: 100.00
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Average2 Bed Area: 1200
  • Electric Expense: 600.00
  • Gross Income: 4475.00
  • Gross Multiplier: 18.00
  • Gross Scheduled Income: 53700.00
  • Gross Spendable Income: 37700.00
  • Insurance Expense: 1292.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 37700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Operating Expense: 16000.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 4475.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Block: 4
  • Taxes Percent: 99.99
  • Tax Lot: 5
  • Tax Tract Number: 141
  • Tax Year: 2013
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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 List to Sale Price per Sq Ft
03/31/2014 03/31/14 Sold $970,000 -7.6% $190 / Sq Ft
03/15/2014 03/15/14 Pending -- -- --
03/05/2014 03/05/14 For Sale $1,050,000 -- $206 / 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 $13,596 $1,189,083 $903,856 $285,227
2024 $13,596 $1,165,768 $886,133 $279,635
2023 $13,221 $1,142,910 $868,758 $274,152
2022 $13,097 $1,120,500 $851,723 $268,777
2021 $12,852 $1,098,530 $835,023 $263,507
2020 $12,767 $1,087,266 $826,460 $260,806
2019 $12,426 $1,065,948 $810,255 $255,693
2018 $12,240 $1,045,048 $794,368 $250,680
2017 $12,010 $1,024,557 $778,792 $245,765
2016 $11,773 $1,004,468 $763,521 $240,947
2015 $11,610 $989,380 $752,052 $237,328
2014 $8,875 $750,000 $471,126 $278,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14045678

California Regional Multiple Listing Service (CRMLS)

APN: 284-231-21

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