NOT LISTED FOR SALE

Estimated Value: $187,000 - $214,000

8 Beds
4 Baths
3,405 Sq Ft
$58/Sq Ft Est. Value

Last Sold March 28, 2016

Last sale price $230,000 $68 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,119/month

16 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Laundry Room
  • Traditional Architecture
  • Security Service
  • Forced Air Heating and Cooling System

About This Home

As of March 2016

This property consists of four individual condos in one building. All four condos are to be sold together. It's a unique opportunity to own the whole building and thereby decide your own mix of tenants. In the future each unit can be re-sold to individuals. The complex is referred to as "Highland Palms". Each condo pays $250/mo in Homeowner's Association fee (Total $1,000 per month for the 4 units) This is the only expense besides landlord's insurance and Property tax. The HOA fee covers all ext. maintenance as well as water, trash and other standard HOA expenses. Each unit has two bedrooms and one bathroom plus open kitchen/living room. Each unit has one garage space and one tandem outside parking space. The two side units have bedrooms and bath upstairs and living-room/kitchen downstairs. The two middle unit are both single level - one at ground level and one at 1st floor level. All units have central air and heat. There is a common laundry room in the garage with washer/dryer supplied by the HOA. The current rents could be raised based on information from other investors in the area. With good credit and at least 50 pct. down payment owner may consider carrying a 1st TD. DO NOT CONTACT CURRENT TENANTS.

Last Agent to Sell the Property

Connie Hanson

Coldwell Banker Realty License #00859558 Listed on: 02/19/2016

Coldwell Banker Realty

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 2,000 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • 4 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Side Facing Garage
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Stucco

Interior Spaces

  • 3,405 Sq Ft Home
  • 2-Story Property
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 47
  • Tax Tract Number 7323
  • Assessor Parcel Number 1191316130000

Community Details

Overview

  • 4 Units
  • Maintained Community

Recreation

  • Community Pool

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

HOA Fees

$1,000 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Palms
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 1191316130000
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 67.55

Exterior Features

  • Foundation: Slab
  • Pool Features: Association, In Ground
  • Pool Private: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Side
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Water Heater Central
  • Heating Type: Forced Air
  • Laundry Features: Community, In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Maintenance Grounds, Pool, Security, Sewer, Trash, Water
  • Association Fee: 1000.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 2000.00
  • Price Per Lot Square Foot: 115.00
  • Lot Size Acres: 0.0460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 850
  • Lot Size Area: 2000.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 47
  • Tax Tract Number: 7323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Mar 23, 2016
Sold by
Hanson Kent E
Bought by
Dha Opportunity 1 Lp
Seller's Agent
Connie Hanson
Coldwell Banker Realty
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Current Estimated Value
$198,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,333
Avg. Annual Appreciation
-1.48%

Purchase Details

Closed on
Aug 6, 1999
Sold by
Johs Anton
Bought by
Johs Anton and Johs Phyllis Noel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List 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
Dha Opportunity 1 Lp $230,000 Orange Coast Title Company
Johs Anton -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2016 03/28/16 Sold $230,000 -8.0% $68 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $250,000 -- $73 / 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 $1,033 $68,068 $19,532 $48,536
2024 $1,011 $66,733 $19,149 $47,584
2023 $985 $65,425 $18,774 $46,651
2022 $982 $64,142 $18,406 $45,736
2021 $980 $62,884 $18,045 $44,839
2020 $979 $62,239 $17,860 $44,379
2019 $954 $61,019 $17,510 $43,509
2018 $944 $59,823 $17,167 $42,656
2017 $916 $58,650 $16,830 $41,820
2016 $789 $49,700 $15,100 $34,600
2015 $613 $46,000 $14,000 $32,000
2014 $569 $43,000 $13,000 $30,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16034921

California Regional Multiple Listing Service (CRMLS)

APN: 1191-316-13