Seller's Agent in 2022
Gary Tolfa
Triqor Group
(949) 756-3232
1 in this area
13 Total Sales
342 Monterey Way Placentia, CA 92870
7
Beds
5
Baths
4,303
Sq Ft
0.25
Acres
Highlights
- Lawn
- Laundry Room
- 3-minute walk to Sante Fe Park
- Morse Avenue Elementary School Rated A-
About This Home
As of June 2022BEAUTIFUL PRISTINE PROPERTY. LOCATED IN OPPORTUNITY ZONE. BUILDING WELL MAINTAINED.
Pleased to present the opportunity to acquire The Monterey Property, a pride of ownership & value-add apartment building in Placentia, CA. This offering is situated east of the 57 Freeway near the California State University of Fullerton and Valencia High School. The property offers a unit mix of two and three-bedroom units on a 10,890 sq ft lot. The community features garage parking, a laundry facility, and more. The Monterey Property offers an investor the opportunity to acquire a well-located asset with approximately 20% upside in rents.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Lot Details
- 0.25 Acre Lot
- 1 Common Wall
- Lawn
- Front Yard
Parking
- 5 Car Garage
Home Design
- Property Attached
Interior Spaces
- 4,303 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 8271
- Assessor Parcel Number 33942214
- $993 per year additional tax assessments
Community Details
Overview
- 4 Units
- Chapman Plaza Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Operating Expense $34,332
- Gross Income $85,961
- Net Operating Income $51,629
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2022 06/30/22 | Sold | $1,575,000 | -7.1% | $366 / Sq Ft | |
| 05/03/2022 05/03/22 | Pending | -- | -- | -- | |
| 02/22/2022 02/22/22 | For Sale | $1,695,000 | +34.5% | $394 / Sq Ft | |
| 10/19/2020 10/19/20 | Sold | $1,260,000 | +97197.3% | $293 / Sq Ft | View Prior Sale |
| 09/24/2020 09/24/20 | Pending | -- | -- | -- | |
| 09/21/2020 09/21/20 | For Sale | $1,295 | -- | $0 / 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 | $18,418 | $1,671,402 | $1,379,716 | $291,686 |
| 2024 | $18,418 | $1,638,630 | $1,352,663 | $285,967 |
| 2023 | $18,114 | $1,606,500 | $1,326,140 | $280,360 |
| 2022 | $14,856 | $1,285,200 | $1,042,811 | $242,389 |
| 2021 | $14,611 | $1,260,000 | $1,022,363 | $237,637 |
| 2020 | $14,606 | $1,243,317 | $953,273 | $290,044 |
| 2019 | $14,099 | $1,218,939 | $934,582 | $284,357 |
| 2018 | $13,929 | $1,195,039 | $916,257 | $278,782 |
| 2017 | $12,926 | $1,100,000 | $842,996 | $257,004 |
| 2016 | $9,886 | $822,352 | $565,348 | $257,004 |
| 2015 | $9,765 | $810,000 | $556,856 | $253,144 |
| 2014 | $9,003 | $750,000 | $496,856 | $253,144 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
-
Maria Palencia
M
Seller's Agent in 2020
Maria Palencia
Berkshire Hathaway HomeServices California Properties
(714) 772-8990
1 in this area
24 Total Sales
-
Lindsay Garcia
L
Seller Co-Listing Agent in 2020
Lindsay Garcia
Berkshire Hathaway HomeServices California Properties
(714) 305-6918
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22035159
APN: 339-422-14
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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