NOT LISTED FOR SALE

323 Catalpa Ave Brea, CA 92821

1 Bed
1 Bath
3,804 Sq Ft
7,680 Sq Ft Lot

Last Sold November 08, 2022

Last sale price $1,750,000 $460 Per Sq Ft

10 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Rectangular Lot
  • Arovista Elementary School Rated A-
  • Laundry Room
  • Carpet

About This Home

As of November 2022

Great investment property - 6 unit (1 bedroom / 1 bathroom units) apartment complex, located in a quiet residential neighborhood. Onsite coin operated laundry room. Assigned onsite parking.

Last Agent to Sell the Property

Todd Rigby

Rigby and Associates RE License #01898463 Listed on: 09/27/2022

Last Buyer's Agent

Linda Corpuz

Villa Realty Group License #01170779

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,680 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • Apartment
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 3,804 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 3
  • Assessor Parcel Number 29342302
  • $1,465 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Professional Management Expense $6,300
  • Trash Expense $1,900
  • Water Sewer Expense $1,900
  • Operating Expense $12,500
  • Gross Income $77,000
  • Net Operating Income $44,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6300.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: /
  • Water Sewer Expenses: 1900.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 29342302
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Levels: Two
  • Price Per Square Foot: 460.04
  • Room Type: Kitchen
  • Window Features: Double Pane Windows, Insulated Windows

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 7680.00
  • Lot Size Acres: 0.1763

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 550 Square Feet
  • Gross Income: 77000.00
  • Gross Scheduled Income: 77000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7680.0000 Square Feet
  • Net Operating Income: 44500.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Operating Expense: 32500.00
  • Rent Control: No
  • Total Expenses: 12500.00

Tax Info

  • Tax Census Tract: 15.03
  • Tax Lot: 15
  • Tax Tract Number: 3
  • TaxOtherAnnualAssessmentAmount: 1465.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
11/08/2022 11/08/22 Sold $1,750,000 +2.9% $460 / Sq Ft
09/27/2022 09/27/22 For Sale $1,700,000 0.0% $447 / Sq Ft
01/01/2022 01/01/22 Rented $1,350 0.0% --
12/31/2021 12/31/21 For Rent $1,350 0.0% --
12/05/2021 12/05/21 Off Market $1,350 -- --
12/02/2021 12/02/21 For Rent $1,350 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $21,148 $1,820,700 $1,671,281 $149,419
2024 $21,148 $1,785,000 $1,638,510 $146,490
2023 $20,563 $1,750,000 $1,606,382 $143,618
2022 $3,639 $195,915 $99,793 $96,122
2021 $3,580 $192,074 $97,836 $94,238
2020 $3,550 $190,105 $96,833 $93,272
2019 $3,490 $186,378 $94,934 $91,444
2018 $3,442 $182,724 $93,073 $89,651
2017 $3,386 $179,142 $91,248 $87,894
2016 $3,330 $175,630 $89,459 $86,171
2015 $3,282 $172,992 $88,115 $84,877
2014 $3,199 $169,604 $86,389 $83,215
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22210037

California Regional Multiple Listing Service (CRMLS)

APN: 293-423-02