NOT LISTED FOR SALE
2 Beds
1 Bath
-- Sq Ft
10,437 Sq Ft Lot

Sale Details

Date Sold: August 23, 2013

Last sale price $529,000

94 Days on Market

About This Home

As of August 2013

Excellent investment opportunity! Property is also known as the "Anderson Arms" and is located in an area where growth, improvement and re-development are happening now! This is a Pride of Ownership 6-plex with 5, one-car garages, one uncovered parking space, and on-site laundry. Anderson Arms is located at the corner of Anderson & Keith; there is additional, on-street parking on both streets. The Anderson Arms "Owners Unit" has an attached 2-car garage with direct access. This is an awesome property and won't last! Drive your clients by for a look today!

Last Agent to Sell the Property

Kimberlee Mar

Covenant Properties & Mortgage License #01268057 Listed on: 03/24/2013

Last Buyer's Agent

Marino Morales

BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS License #01081881

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 10,437 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Direct Access Garage
  • Rear-Facing Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 11 / 039
  • Tax Tract Number 18
  • Assessor Parcel Number 211055001

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,100
  • Insurance Expense $2,000
  • Maintenance Expense $8,692
  • Trash Expense $840
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,993
  • Gross Income $4,445
  • Net Operating Income $17,865

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

10,437 Sq Ft Lot

Parking

7

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 211055001
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door, Street
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10437.00
  • Lot Size Acres: 0.2400

Rental Info

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

Multi Family

  • Gross Income: 4445.00
  • Gross Scheduled Income: 53340.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 10437.0000 Square Feet
  • Maintenance Expense: 8692.00
  • Net Operating Income: 17865.00
  • 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
  • Operating Expense: 35475.00
  • Rent Control: No
  • Total Actual Rent: 4445.00

Tax Info

  • New Taxes Expense: 7993.00
  • Tax Block: 039
  • Tax Lot: 11
  • Tax Tract Number: 018
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2013
Closed on
Jul 9, 2013
Sold by
Bought by
Seller's Agent
Kimberlee Mar
Covenant Properties & Mortgage
Buyer's Agent
Marino Morales
BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS
List Price
$529,000
Sold Price
$529,000

Purchase Details

Closed on
Jun 19, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$529,000 Lawyers Title
-- United Title Company
-- United Title Company
-- None Available
$580,000 First Southwestern Title Co
$335,000 Stewart Title
$175,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $406,000
Previous Owner $243,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/23/2013 08/23/13 Sold $529,000 0.0% --
06/26/2013 06/26/13 Pending -- -- --
03/24/2013 03/24/13 For Sale $529,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $224 $661,438 $187,549 $473,889
2025 $224 $648,470 $183,872 $464,598
2023 $224 $623,291 $176,733 $446,558
2022 $223 $611,070 $173,268 $437,802
2021 $1,377 $599,089 $169,871 $429,218
2020 $1,368 $592,947 $168,130 $424,817
2019 $241 $581,322 $164,834 $416,488
2018 $240 $569,924 $161,603 $408,321
2017 $239 $558,750 $158,435 $400,315
2016 $239 $547,795 $155,329 $392,466
2015 $485 $539,569 $152,997 $386,572
2014 $5,949 $529,000 $150,000 $379,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13051706

California Regional Multiple Listing Service (CRMLS)

APN: 211-055-001

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