NOT LISTED FOR SALE
7 Beds
6 Baths
4,116 Sq Ft
5,009 Sq Ft Lot

Last Sold June 16, 2014

Last sale price $1,210,000 $294 Per Sq Ft

43 Days on Market

Highlights

  • Living Room with Attached Deck
  • No HOA
  • Wall Furnace
  • Marco Forster Middle School Rated A-
  • Laundry Room
  • 3-minute walk to Lantern Village Community Park

About This Home

As of June 2014

Building faces La Cresta. The units are extremely spacious and all have either decks or small patios. There is a laundry room to service the units and much parking. Four garages and room for 6 cars to park on site. Close to walk to town and to the elementary school.

Last Agent to Sell the Property

Cheryl Saltus

Salome’ Ollangg Real Estate Broker License #00344671 Listed on: 03/17/2014

Last Buyer's Agent

Cheryl Saltus

Salome’ Ollangg Real Estate Broker License #00344671 Listed on: 03/17/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,116 Sq Ft Home
  • Living Room with Attached Deck

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 91
  • Tax Tract Number 768
  • Assessor Parcel Number 68228301

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,200
  • Gross Income $5,950
  • Net Operating Income $51,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

5,000 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 68228301
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Living Room Deck Attached
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 293.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 5950.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 51750.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17250.00
  • Other Income Description: laundry
  • Rent Control: No
  • Total Actual Rent: 5950.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Lot: 91
  • Tax Tract Number: 768
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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
06/16/2014 06/16/14 Sold $1,210,000 -3.1% $294 / Sq Ft
04/29/2014 04/29/14 Pending -- -- --
03/17/2014 03/17/14 For Sale $1,249,000 -- $303 / 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 $18,560 $1,483,289 $1,259,650 $223,639
2024 $18,560 $1,454,205 $1,234,951 $219,254
2023 $18,203 $1,425,692 $1,210,737 $214,955
2022 $14,158 $1,397,738 $1,186,997 $210,741
2021 $13,885 $1,370,332 $1,163,723 $206,609
2020 $13,747 $1,356,281 $1,151,790 $204,491
2019 $13,477 $1,329,688 $1,129,206 $200,482
2018 $13,218 $1,303,616 $1,107,065 $196,551
2017 $12,960 $1,278,055 $1,085,357 $192,698
2016 $12,712 $1,252,996 $1,064,076 $188,920
2015 $14,306 $1,234,175 $1,048,092 $186,083
2014 $12,650 $1,070,148 $869,859 $200,289
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14054255

California Regional Multiple Listing Service (CRMLS)

APN: 682-283-01

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