NOT LISTED FOR SALE

Estimated Value: $809,000 - $891,000

4 Beds
4 Baths
2,116 Sq Ft
$405/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $875,000 $414 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,465/month

63 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property

About This Home

As of July 2024

Phenomenal cash flow!!! These four bungalow style units offer added privacy and a feeling of independence for your tenants makes them incredibly easy to lease. These units are professionally managed and nicely maintained. This makes a great investment for a newer investor looking to get into owning units as well as for a seasoned investor expanding the portfolio. Let's get this done!!!

Last Agent to Sell the Property

Gene Smith

RE/MAX TerraSol Brokerage Phone: 949-395-7552 License #01965474 Listed on: 04/16/2024

RE/MAX TerraSol

Last Buyer's Agent

GARY HALL

Neighbor to Neighbor Advocates License #01742217

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,712

Year Built

  • Built in 1922

Lot Details

  • 5,987 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Quadruplex

Interior Spaces

  • 2,116 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 15
  • Tax Tract Number 239
  • Assessor Parcel Number 6031004008
  • $450 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Water Sewer Expense $1,800
  • Operating Expense $8,881
  • Net Operating Income $67,799

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,712

Year Built

Built in 1922

Lot Details

0

Listing Details

  • CapRate: 7.80
  • Inclusions: Negotiable
  • Price Per Unit: 217250
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6031004008
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 413.52

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5987.00
  • Lot Size Acres: 0.1374
  • Latitude Manual: 33.97300900

Rental Info

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

Multi Family

  • Gross Multiplier: 11.33
  • Gross Scheduled Income: 76680.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 5987.0000 Square Feet
  • Net Operating Income: 67799.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 8881.00
  • Rent Control: Yes
  • Total Expenses: 8881.00

Tax Info

  • Tax Census Tract: 2396.01
  • Tax Lot: 15
  • Tax Tract Number: 239...
  • TaxOtherAnnualAssessmentAmount: 450.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2025
Sold by
Ocampo Sylvia and Ocampo Silvia
Bought by
Ocampo Silvia and Torres Joshua Martin
Current Estimated Value
$856,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$658,000
Outstanding Balance
$654,619
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$201,412

Purchase Details

Listed on
Apr 16, 2024
Closed on
Jul 2, 2024
Sold by
Wz Family Trust and Zhang Yujie
Bought by
Ocampo Sylvia and Torres Joshua Martin
Seller's Agent
Gene Smith
RE/MAX TerraSol
Buyer's Agent
GARY HALL
Neighbor to Neighbor Advocates
List Price
$874,800
Sold Price
$875,000
Premium/Discount to List
$200
0.02%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.89%
Original Mortgage
$612,500
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 3, 2019
Closed on
Jul 25, 2019
Sold by
Executive Investments Inc
Bought by
Zhang Yujie and Wz Family Trust
Seller's Agent
Farzad Khorshidian
Beverly and Company, Inc.
List Price
$689,900
Sold Price
$720,000
Premium/Discount to List
$30,100
4.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$510,000
Interest Rate
3.82%

Purchase Details

Listed on
Oct 29, 2015
Closed on
Mar 9, 2016
Sold by
Khorshidian Farzad
Bought by
Executive Investments Inc
Seller's Agent
Joyce Mack
Financial Solutions & Real Estate Network
Buyer's Agent
Ron Tanzman
Rodeo Realty
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.01%

Purchase Details

Closed on
Nov 30, 2015
Sold by
Homecircle Llc
Bought by
Khorshidian Farzad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,396
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 2014
Sold by
Yuan Yi and Lau Ho Yuen Grace
Bought by
Homecircle Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,850
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2014
Sold by
Homecircle Llc
Bought by
Yuen Yuan Yi and Yuen Grace Lau Ho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,850
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2014
Sold by
Yuen Yuan Yi and Yuen Grace Lau Ho
Bought by
Homecircle Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,850
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2013
Sold by
Hoover Jerry and Hoover Penny
Bought by
Yuan Yi and Lau Ho Yuen Grace

Purchase Details

Closed on
Mar 23, 2012
Sold by
Walker Edwin D
Bought by
Walker Edwin D and The Edwin D Walker Family Trust

Purchase Details

Closed on
Dec 28, 2007
Sold by
Hoover Penny
Bought by
Hoover Jerry and Hoover Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2007
Sold by
Hoover Jerry
Bought by
Hoover Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2001
Sold by
Hud
Bought by
Community Housing Assistance Program

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.91%

Purchase Details

Closed on
Jun 29, 2000
Sold by
Madrid Jeremy and Madrid Gloria
Bought by
Firstar Bank Na

Purchase Details

Closed on
Apr 4, 2000
Sold by
Firstar Bank Na
Bought by
Hud

Purchase Details

Closed on
May 27, 1999
Sold by
Martinez Serapio and Martinez Isabel
Bought by
Madrid Jeremy and Madrid Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,038
Interest Rate
7.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Ocampo Silvia -- Ticor Title Company
Ocampo Sylvia $875,000 First American Title Company
Zhang Yujie $720,000 Ticor Title Company Of Ca
Executive Investments Inc -- Fidelity National Title Co
Khorshidian Farzad $475,000 Fidelity National Title Co
Homecircle Llc -- None Available
Yuen Yuan Yi -- Fidelity
Homecircle Llc -- None Available
Yuan Yi $295,500 Nations Title Company
Walker Edwin D -- None Available
Hoover Jerry -- None Available
Hoover Penny -- Old Republic Title Company
Community Housing Assistance Program $184,000 --
Firstar Bank Na $258,059 --
Hud -- Benefit Land Title Ins Co
Madrid Jeremy $240,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocampo Silvia $658,000
Previous Owner Ocampo Sylvia $612,500
Previous Owner Zhang Yujie $515,000
Previous Owner Zhang Yujie $510,000
Previous Owner Khorshidian Farzad $466,396
Previous Owner Yuen Yuan Yi $206,850
Previous Owner Hoover Penny $420,000
Previous Owner Hoover Jerry $368,000
Previous Owner Hoover Jerry $235,000
Previous Owner Community Housing Assistance Program $148,800
Previous Owner Madrid Jeremy $238,038
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $875,000 +0.7% $414 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/05/2024 06/05/24 Price Changed $869,000 -0.7% $411 / Sq Ft
04/16/2024 04/16/24 For Sale $874,800 +21.5% $413 / Sq Ft
07/31/2019 07/31/19 Sold $720,000 +4.4% $340 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $689,900 +45.2% $326 / Sq Ft
03/07/2016 03/07/16 Sold $475,000 0.0% $224 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
10/29/2015 10/29/15 For Sale $475,000 -- $224 / Sq Ft
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 $9,712 $875,000 $490,000 $385,000
2024 $9,712 $771,982 $385,991 $385,991
2023 $9,528 $756,846 $378,423 $378,423
2022 $9,092 $742,006 $371,003 $371,003
2021 $8,977 $727,458 $363,729 $363,729
2020 $9,065 $720,000 $360,000 $360,000
2019 $6,344 $504,073 $318,362 $185,711
2018 $6,243 $494,190 $312,120 $182,070
2016 $3,944 $305,999 $176,040 $129,959
2015 $3,889 $301,403 $173,396 $128,007
2014 $3,192 $235,104 $81,516 $153,588
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24075663

California Regional Multiple Listing Service (CRMLS)

APN: 6031-004-008