NOT LISTED FOR SALE

Estimated Value: $506,000 - $1,010,106

9 Beds
6 Baths
4,900 Sq Ft
$176/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $890,000 $182 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,790/month

6 Days on Market

Highlights

  • No HOA
  • 2 Car Direct Access Garage
  • Laundry Room
  • Neighborhood Views
  • Cooling System Powered By Gas
  • Central Heating and Cooling System

About This Home

As of September 2021

Income-producing triplex with long-term tenants located within an Opportunity area. Rents are well below market with upside potential. All 3 units are 3 bedrooms and 2 baths each, totaling Unit #A, B, C approximately 1,500; 1,600; 1,800 sqft of living space which sits on a large 14,000+ corner lot.
Unit A will consist of approx. 1,500 sqft of Living area, Plus a 2 - Car Garage, currently renting for $1,500.00 per month, and the contract is ended by August 2021.
Unit #B with approx. 1,600 sqft. of Living area Plus a 2 - Car Garage; currently renting for $1,600.00 per month and contract is ended by Dec. 2021.
Unit #C will consist of approx. 1,700 + sqft of Living area, Plus a 2 - Car Garage, currently occupied by the maintenance/manager. We project the renting income for this unit is $1,700.00 per month.
Don't miss out on this great opportunity to own an income-producing triplex and to build your own triplex/investment.

Last Agent to Sell the Property

Troy Huynh

Golden Choice Lending Corp License #01889229 Listed on: 07/07/2021

Last Buyer's Agent

JulieAnne Huynh

Genesis Investments & Financial Services License #01264194

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,381

Year Built

  • Built in 2003

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Sprinkler System
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Triplex
  • Slab Foundation

Interior Spaces

  • 4,900 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Powered By Gas
  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 69
  • Tax Tract Number 449
  • Assessor Parcel Number 673181014

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Desert Princess Subdivision

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $150
  • Insurance Expense $225
  • Water Sewer Expense $150
  • Operating Expense $525
  • Gross Income $54,150
  • Net Operating Income $37,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,381

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Desert Princess (SFR) (33539)
  • View: Yes
  • Water Sewer Expenses: 150.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 673181014
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 181.63
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Sprinkler System
  • Lot Size: 14,375
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 150.00
  • Gross Operating Income: 54150.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 225.00
  • Lot Size Area: 14375.0000 Square Feet
  • Net Operating Income: 37260.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 16824.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 525.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 019025
  • Tax Census Tract: 449.16
  • Tax Lot: 69
  • Tax Tract Number: 449.16
  • Tax Annual Amount: 9381.00
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Sep 12, 2021
Sold by
Nguyen Family Trust and Nguyen Nga Thi
Bought by
Rubino Mariano Lonnia
Seller's Agent
Troy Huynh
Golden Choice Lending Corp
Buyer's Agent
JulieAnne Huynh
Genesis Investments & Financial Services
List Price
$869,950
Sold Price
$890,000
Premium/Discount to List
$20,050
2.3%
Current Estimated Value
$861,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,973
Avg. Annual Appreciation
-0.79%
Original Mortgage
$613,500
Outstanding Balance
$558,239
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$302,788

Purchase Details

Closed on
Jun 25, 2021
Sold by
Nguyen Tuyen Quang and Nguyen Nellie Ngoc
Bought by
Nguyen Tuyen Quang and Nguyen Nellie Ngoc

Purchase Details

Closed on
May 12, 2021
Sold by
Nguyen Tuyen Quang and Nguyen Nellie Ngoc
Bought by
Nguyen Tuyen Quang and Nguyen Nellie Ngoc

Purchase Details

Closed on
Jul 17, 2017
Sold by
Nguyen Nellie Ngoc
Bought by
Nguyen Tuyen Quang and Nguyen Nellie Ngoc

Purchase Details

Closed on
Jul 18, 2005
Sold by
Nguyen Tuyen Quang
Bought by
Nguyen Nellie Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
5.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2005
Sold by
Ferguson Jack T and Ferguson Renita A
Bought by
Nguyen Nellie Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
5.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2004
Sold by
Pjrogressive Properties & Investments In
Bought by
Ferguson Jack T and Ferguson Renita A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2003
Sold by
Big Valley Development Inc
Bought by
Progressive Properties & Investments Inc

Purchase Details

Closed on
Jan 28, 2002
Sold by
Lu Anita H
Bought by
Big Valley Development Inc

Purchase Details

Closed on
May 16, 2001
Sold by
Chen Melody
Bought by
Lu Anita H
Source: Public Records

Range of Values:

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Average Value
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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
Rubino Mariano Lonnia $890,000 Stewart Title
Nguyen Tuyen Quang -- None Available
Nguyen Tuyen Quang -- None Available
Nguyen Tuyen Quang -- Wfg National Title Company
Nguyen Nellie Ngoc -- Southland Title
Nguyen Nellie Ngoc $650,000 Southland Title
Ferguson Jack T $455,000 Orange Coast Title Co
Progressive Properties & Investments Inc -- --
Big Valley Development Inc $38,000 Southland Title Corporation
Lu Anita H $25,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubino Mariano Lonnia $613,500
Previous Owner Nguyen Nellie Ngoc $422,500
Previous Owner Ferguson Jack T $364,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2021 09/16/21 Sold $890,000 +2.3% $182 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $869,950 -- $178 / 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 $15,026 $944,475 $265,302 $679,173
2023 $15,026 $907,800 $255,000 $652,800
2022 $14,782 $890,000 $250,000 $640,000
2021 $10,542 $569,879 $137,971 $431,908
2020 $9,381 $508,820 $123,188 $385,632
2019 $9,141 $494,000 $119,600 $374,400
2018 $8,848 $475,000 $115,000 $360,000
2017 $8,833 $475,000 $115,000 $360,000
2016 $8,613 $465,000 $120,000 $345,000
2015 $7,686 $400,000 $50,000 $350,000
2014 $7,474 $380,000 $40,000 $340,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21138501

California Regional Multiple Listing Service (CRMLS)

APN: 673-181-014