NOT LISTED FOR SALE
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
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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

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 $27,080 $2,190,021 $1,444,232 $745,789
2024 $27,080 $2,147,080 $1,415,914 $731,166
2023 $26,398 $2,104,981 $1,388,151 $716,830
2022 $26,098 $2,063,707 $1,360,932 $702,775
2021 $25,502 $2,023,243 $1,334,247 $688,996
2020 $25,538 $2,002,498 $1,320,566 $681,932
2019 $25,061 $1,963,234 $1,294,673 $668,561
2018 $24,134 $1,924,740 $1,269,288 $655,452
2017 $23,927 $1,887,000 $1,244,400 $642,600
2016 $23,463 $1,850,000 $1,220,000 $630,000
2015 $18,334 $1,390,869 $1,187,578 $203,291
2014 $18,013 $1,363,624 $1,164,315 $199,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15097583

California Regional Multiple Listing Service (CRMLS)