NOT LISTED FOR SALE

408 S Brea Blvd Brea, CA 92821

Estimated Value: $966,000 - $1,203,000

3 Beds
3 Baths
1,963 Sq Ft
$546/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $679,000 $346 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,307/month

10 Days on Market

Highlights

  • Craftsman Architecture
  • Property is near park and public transit
  • Laundry Room
  • Brea Junior High School Rated A
  • Two Homes on a Lot
  • 1-minute walk to City Hall Park

About This Home

As of March 2021

* * * * WELCOME TO BREA * * * *EXCELLENT LOCATION, THIS PROPERTY IS WALKING DISTANCE TO DOWNTOWN BREA!!! THE PROPERTY CONSIST OF 2 HOMES ON A LOT AND A DETACHED 2 CAR GARAGE WITH ALLEY ACCESS. THE ZONING HAS BEEN CHANGED TO GENERAL COMMERCIAL. PLEASE INQUIRE WITH THE CITY OF BREA AS TO WHAT YOU MAY OR MAT NOT BE ABLE TO BUILD... EACH HOUSE IS APPROXIMATELY 982 SQFT. THE PROPERTY IS A FIXER AND IN NEED OF REPAIRS, BEING SOLD IN PRESENT PHYSICAL CONDITION "AS IS" THE PROPERTY NEXT DOOR ON THE NORTHSIDE IS ALSO FOR SALE.

Last Agent to Sell the Property

Frank Zuniga

Coldwell Banker Envision License #01034057 Listed on: 02/01/2021

Coldwell Banker Envision

Last Buyer's Agent

Jordan Byers

Century 21 Discovery License #02089791

Century 21 Discovery

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,000 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Fenced
  • Fence is in poor condition
  • Back and Front Yard
  • Value in Land

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Home Design

  • Duplex
  • Craftsman Architecture
  • Bungalow
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,963 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Two Homes on a Lot
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 28424303

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $850
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,862
  • Operating Expense $13,122
  • Gross Income $38,400
  • Net Operating Income $25,278

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: COMMERCIAL
  • Architectural Style: Bungalow, Craftsman
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 28424303
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Accessibility Features: Parking
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 345.90
  • Room Type: All Bedrooms Down, Laundry, Living Room

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Poor Condition
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Park Nearby, Value In Land
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 982 Square Feet
  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 850.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 25278.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13122.00
  • Rent Control: No
  • Total Expenses: 13122.00

Tax Info

  • New Taxes Expense: 9862.00
  • Tax Census Tract: 15.04
  • Tax Lot: *
  • Tax Tract Number: Good

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Feb 23, 2021
Sold by
Deluca Anthony and De Luca Nicolina
Bought by
La Development Group Llc
Seller's Agent
Frank Zuniga
Coldwell Banker Envision
Buyer's Agent
Jordan Byers
Century 21 Discovery
List Price
$689,000
Sold Price
$679,000
Premium/Discount to List
-$10,000
-1.45%
Current Estimated Value
$1,071,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,823
Avg. Annual Appreciation
9.89%
Original Mortgage
$480,000
Outstanding Balance
$429,307
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$642,516

Purchase Details

Closed on
Aug 13, 2019
Sold by
Deluca Anthony De and Deluca Nicolina De
Bought by
Deluca Anthony and Deluca Nicolina

Purchase Details

Listed on
Aug 19, 2015
Closed on
Nov 5, 2015
Sold by
Mcwhirter Stephanie and Eckart Timothy B
Bought by
Eckart Stephanie Louise and Eckart Timothy B
Seller's Agent
Adrian Hernandez
Berkshire Hathaway HomeServices Lifestyle Properties
Buyer's Agent
Adrian Hernandez
Berkshire Hathaway HomeServices Lifestyle Properties
List Price
$2,200,000
Sold Price
$1,300,000
Premium/Discount to List
-$900,000
-40.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.88%

Purchase Details

Listed on
Aug 19, 2015
Closed on
Oct 26, 2015
Sold by
Eckart Tim and Eckart Stephanie
Bought by
Deluca Tony and Deluca Nicolina Rita
Seller's Agent
Adrian Hernandez
Berkshire Hathaway HomeServices Lifestyle Properties
Buyer's Agent
Adrian Hernandez
Berkshire Hathaway HomeServices Lifestyle Properties
List Price
$2,200,000
Sold Price
$1,300,000
Premium/Discount to List
-$900,000
-40.91%

Purchase Details

Closed on
Apr 1, 1998
Sold by
Eckart Richard W
Bought by
Eckart Richard W
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

Date Buyer Sale Price Title Company
La Development Group Llc $679,000 Stewart Title Of Ca Inc
Deluca Anthony -- None Available
Eckart Stephanie Louise -- First American Title Company
Deluca Tony $1,300,000 First American Title Company
Eckart Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open La Development Group Llc $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2021 03/15/21 Sold $679,000 -1.5% $346 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $689,000 -47.0% $351 / Sq Ft
11/06/2015 11/06/15 Sold $1,300,000 -40.9% $662 / Sq Ft View Prior Sale
10/14/2015 10/14/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $2,200,000 -- $1,121 / 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 $8,438 $734,970 $693,307 $41,663
2024 $8,438 $720,559 $679,712 $40,847
2023 $8,205 $706,431 $666,384 $40,047
2022 $8,127 $692,580 $653,318 $39,262
2021 $5,918 $492,139 $273,412 $218,727
2020 $5,878 $487,093 $270,608 $216,485
2019 $5,726 $477,543 $265,302 $212,241
2018 $5,641 $468,180 $260,100 $208,080
2017 $5,536 $459,000 $255,000 $204,000
2016 $5,428 $450,000 $250,000 $200,000
2015 $2,186 $155,880 $106,481 $49,399
2014 $2,126 $152,827 $104,395 $48,432
Source: Public Records

Agents Affiliated with this Home

  • Frank Zuniga

    Seller's Agent in 2021

    Frank Zuniga

    Coldwell Banker Envision

    (562) 688-1767

    5 in this area

    30 Total Sales

    Frank Zuniga
    Section Image
  • Jordan Byers

    Buyer's Agent in 2021

    Jordan Byers

    Century 21 Discovery

    (714) 626-2000

    3 in this area

    17 Total Sales

    Jordan Byers
    Section Image
  • Adrian Hernandez

    Seller's Agent in 2015

    Adrian Hernandez

    Berkshire Hathaway HomeServices Lifestyle Properties

    (949) 877-2174

    36 Total Sales

    Adrian Hernandez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21020228

California Regional Multiple Listing Service (CRMLS)

APN: 284-243-03

California Orange County Brea 92821

408 S Brea Blvd, Brea, CA

Not Listed for Sale

MultiFamily

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