NOT LISTED FOR SALE

424 E Pine St Santa Ana, CA 92701

Pacific Park Neighborhood
3 Beds
2 Baths
7,043 Sq Ft
9,750 Sq Ft Lot

Last Sold August 26, 2015

Last sale price $1,850,000 $263 Per Sq Ft

83 Days on Market

About This Home

As of August 2015

424 East Pine Street is a 12-unit multifamily investment property in the city of Santa Ana, California. The property is comprised of ten, one-bedroom/one-bath units and two, two-bedroom/one-bath units.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 05/07/2015

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 9,750 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 10 Car Garage

Home Design

  • 7,043 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 568
  • Assessor Parcel Number 40408501

Community Details

Overview

  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 12 Separate Water Meters
  • Electric Expense $3,075
  • Insurance Expense $2,700
  • Maintenance Expense $6,000
  • Professional Management Expense $5,000
  • Trash Expense $3,075
  • Water Sewer Expense $3,075
  • New Taxes Expense $24,935
  • Gross Income $12,250
  • Net Operating Income $87,955

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

10

Listing Details

  • Professional Management Expense: 5000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3075.00
  • Property Type: Residential Income
  • Parcel Number: 40408501
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 262.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3075.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9750.00
  • Price Per Lot Square Foot: 189.74
  • Lot Size Acres: 0.2240

Multi Family

  • Electric Expense: 3075.00
  • Gross Income: 12250.00
  • Gross Scheduled Income: 148200.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 9750.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 87955.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12
  • Number Of Units Total: 12
  • Operating Expense: 55835.00
  • Rent Control: No
  • Total Actual Rent: 12250.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24935.00
  • Tax Lot: 1
  • Tax Tract Number: 568
  • Tax Year: 2015

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2015 08/26/15 Sold $1,850,000 -7.5% $263 / Sq Ft
07/29/2015 07/29/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $2,000,000 -- $284 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2015

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    5 in this area

    155 Total Sales

    Tyler Leeson
    Section Image
  • Damien Breaux

    Buyer's Agent in 2015

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    2 in this area

    42 Total Sales

    Damien Breaux
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15097583

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92701 Pacific Park

424 E Pine St, Santa Ana, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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