NOT LISTED FOR SALE
-- Bed
-- Bath
7,454 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: March 20, 2013

Last sale price $2,215,000 $297 Per Sq Ft

239 Days on Market

Highlights

  • Gated Parking
  • Courtyard Views
  • Wood Siding
  • Traditional Architecture
  • No Interior Steps
  • Heating System Uses Natural Gas

About This Home

As of March 2013

LOCATION, LOCATION, LOCATION Beautiful Gated Courtyard, Garages with New Roll Up Doors & Automatic Openers for Every Unit. Additional On Site Parking with Automatic Securtity Gate. Newer Exterior Paint & Seald Decks. Huge Storage Unit/ Office. Units are Clean & Updated. 1.5 Miles to Orange Coast College, 2.5 Miles to Beach in Newport, Less than 1/2 Mile to Newly Remodeled Shopping Centers & Golf Course. Approximately 10 minute drive to South Cost Plaza or UCI. Unit mix consist of 2 - 2/1, 2- 2/1.5 (town house style), & 8 - 1/1 units.

Last Agent to Sell the Property

Erica Wagner Cruz

Erica Wanger Cruz,Broker License #01249406 Listed on: 07/23/2012

Last Buyer's Agent

Ruben Khorsandi

Alliance Investment RE Group License #01085411

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 18,594 Sq Ft Lot
  • Lot Dimensions are 62x298

Home Design

  • Traditional Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,454 Sq Ft Home
  • Laminate Flooring
  • Courtyard Views
  • Leased Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Range

Parking

  • 24 Car Garage
  • Garage Door Opener
  • Gated Parking

Accessible Home Design

  • No Interior Steps

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 57
  • Assessor Parcel Number 41906125

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $130,721

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.43 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.23
  • View: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 41906125
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 297.16

Exterior Features

  • View: Courtyard
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Garage Door Opener, Gated
  • Total Parking Spaces: 24.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 62x298
  • Lot Size Sq Ft: 18594.00
  • Lot Size Acres: 0.4270

Multi Family

  • Gross Multiplier: 14.29
  • Gross Scheduled Income: 175000.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 130721.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 45043.00

Tax Info

  • Tax Area: 15006
  • Tax Lot: 21
  • Tax Tract Number: 57

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

Closed on
Jul 3, 2014
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
$1,500,000
Interest Rate
4.11%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 12, 2014
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
$1,115,000
Interest Rate
4.3%
Mortgage Type
Negative Amortization

Purchase Details

Listed on
Jul 23, 2012
Closed on
Mar 21, 2013
Sold by
Bought by
Seller's Agent
Erica Wagner Cruz
Erica Wanger Cruz,Broker
Buyer's Agent
Ruben Khorsandi
Alliance Investment RE Group
List Price
$2,500,000
Sold Price
$2,215,000
Premium/Discount to List
-$285,000
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,439,000
Interest Rate
3.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 23, 2008
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
$1,084,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2003
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
$905,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2001
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
$650,000
Interest Rate
7.26%
Mortgage Type
Commercial
Source: Public Records

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
$2,945,000 Ticor Title Company
$3,060,000 Ticor Title Company
$2,215,000 Orange Coast Title
$2,125,000 Investors Title Company
-- Lawyers Title Company
$1,115,000 First American Title Co
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 $1,500,000
Previous Owner $1,115,000
Previous Owner $1,439,000
Previous Owner $1,084,000
Previous Owner $905,000
Previous Owner $650,000
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
03/20/2013 03/20/13 Sold $2,215,000 -11.4% $297 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
07/23/2012 07/23/12 For Sale $2,500,000 -- $335 / Sq Ft
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 $42,488 $3,610,235 $2,923,744 $686,491
2025 $42,488 $3,539,447 $2,866,416 $673,031
2024 $41,639 $3,470,047 $2,810,212 $659,835
2023 $40,479 $3,402,007 $2,755,109 $646,898
2022 $39,236 $3,335,301 $2,701,087 $634,214
2021 $38,002 $3,269,903 $2,648,124 $621,779
2020 $37,639 $3,236,375 $2,620,971 $615,404
2019 $36,922 $3,172,917 $2,569,579 $603,338
2018 $36,218 $3,110,703 $2,519,195 $591,508
2017 $35,599 $3,049,709 $2,469,799 $579,910
2016 $34,826 $2,989,911 $2,421,371 $568,540
2015 $34,475 $2,945,000 $2,385,000 $560,000
2014 $26,710 $2,225,056 $1,981,964 $243,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P829485

California Regional Multiple Listing Service (CRMLS)
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