NOT LISTED FOR SALE

Estimated Value: $1,177,918

5 Beds
3 Baths
2,500 Sq Ft
$471/Sq Ft Est. Value

Sale Details

Date Sold: January 10, 2017

Last sale price $659,000 $264 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $7,037 / mo

27 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3 Attached Carport Spaces

About This Home

As of January 2017

We are pleased to present this three unit multi-family complex located in the City of Santa Ana. The property has a great unit mix of one and two bedroom units. Each unit also has its own private patio. The two buildings were built in 1978, and are separately metered for gas and electric. The property contains ample parking, with both carport and street spaces. The units also include private patios and individual laundry hookups. The asset is very well maintained and has excellent curb appeal.

This property is located in a strong rental market, and is in close proximity to major retail, shopping, educational and employment opportunities. The buildings are directly across the street from Wallace R. Davis Elementary School and less than two miles from Willard Intermediate School and Santa Ana College. The asset is also less than two miles from MainPlace Mall and the Discovery Cube Orange County. At less than one mile, tenants are minutes away from Downtown Santa Ana, Santa Ana Civic Center, and the Santa Ana Zoo. The property is about one and a half miles away from the 5 and 55 Freeways, granting tenants ease of access to the greater Southern California region.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 11/01/2016

Last Buyer's Agent

Nina Nguyen

L.S. Gateway Realtors License #01854316

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 3 Parking Spaces
  • 3 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 398 / 141
  • Tax Tract Number 6
  • Assessor Parcel Number 39814106

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $3,000
  • Trash Expense $900
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,336
  • Gross Income $46,500
  • Net Operating Income $28,469

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

5,663 Sq Ft Lot

Listing Details

  • CapRate: 4.32
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 39814106
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 263.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5662.80

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 720.00
  • Gross Income: 46500.00
  • Gross Multiplier: 14.17
  • Gross Scheduled Income: 46500.00
  • Gross Spendable Income: 28469.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 28469.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 16636.00
  • Rent Control: No
  • Total Actual Rent: 3875.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7336.00
  • Tax Block: 141
  • Tax Lot: 398
  • Tax Tract Number: 06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2018
Sold by
Phuong Tri Tu
Bought by
Phuong Tri Tu and Nguyen Nina
Current Estimated Value
$1,177,918

Purchase Details

Listed on
Nov 1, 2016
Closed on
Dec 1, 2016
Sold by
Smith Donald and Smith Carol
Bought by
Phuong Tri Tu
Seller's Agent
Mark Bridge
Mark Bridge, Broker
Buyer's Agent
Nina Nguyen
L.S. Gateway Realtors
List Price
$659,000
Sold Price
$659,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$461,000
Outstanding Balance
$377,990
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$799,928

Purchase Details

Closed on
Mar 4, 2010
Sold by
Smith Donald J and Smith Carol M
Bought by
Smith Donald and Smith Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2006
Sold by
Smith Donald J and Smith Carol M
Bought by
Smith Donald J and Smith Carol M

Purchase Details

Closed on
Jan 10, 1994
Sold by
Pettijohn Richard Bruce and Pettijohn Anita V E
Bought by
Pettijohn Richard E and Pettijohn Ann L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Phuong Tri Tu -- None Available
Phuong Tri Tu $659,000 First American Title Company
Smith Donald -- Chicago Title Insurance Co
Smith Donald J -- None Available
Pettijohn Richard E -- Chicago Title Company
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
Open Phuong Tri Tu $461,000
Previous Owner Smith Donald $248,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2017 01/10/17 Sold $659,000 0.0% $264 / Sq Ft
11/28/2016 11/28/16 Pending -- -- --
11/11/2016 11/11/16 For Sale $659,000 0.0% $264 / Sq Ft
11/08/2016 11/08/16 Pending -- -- --
11/01/2016 11/01/16 For Sale $659,000 -- $264 / 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 $9,059 $757,325 $660,796 $96,529
2024 $9,059 $742,476 $647,839 $94,637
2023 $8,834 $727,918 $635,136 $92,782
2022 $8,740 $713,646 $622,683 $90,963
2021 $8,538 $699,653 $610,473 $89,180
2020 $8,553 $692,479 $604,213 $88,266
2019 $8,388 $678,901 $592,365 $86,536
2018 $8,144 $672,180 $586,500 $85,680
2017 $2,708 $178,661 $125,948 $52,713
2016 $2,659 $175,158 $123,478 $51,680
2015 $2,624 $172,527 $121,623 $50,904
2014 $2,578 $169,148 $119,241 $49,907
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16736890

California Regional Multiple Listing Service (CRMLS)

APN: 398-141-06

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