NOT LISTED FOR SALE

462 Melody Ln Unit 4 Placentia, CA 92870

8 Beds
5 Baths
4,456 Sq Ft
7,841 Sq Ft Lot

Last Sold October 18, 2021

Last sale price $1,450,000 $325 Per Sq Ft

12 Days on Market

Highlights

  • Park
  • Laundry Room
  • 4 Car Garage
  • Kraemer Middle School Rated A
  • High-Efficiency Water Heater

About This Home

As of October 2021

Great investment opportunity in nice area of Placentia, walking distance to the park, and easy access to the 57 and 91 freeway. All units on month to month contracts. The 3/2 and the 3/1 units have fireplaces all have private patios. Each unit has its own garage, common area laundry room. Located in the sought after Placentia/Yorba Linda school district.

Last Agent to Sell the Property

ROSA LEONE

MAINSTREET, REALTORS License #01485288 Listed on: 07/30/2021

MAINSTREET, REALTORS

Co-Listed By

Mary Ovesen

John Lewis Ybarra, Realtors License #00882952

Last Buyer's Agent

Lin Xia

Wetrust Realty License #01918081

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 4,456 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • High-Efficiency Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 2064
  • Assessor Parcel Number 33903201

Community Details

Recreation

  • Park

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $933
  • Insurance Expense $2,000
  • Other Expense $883
  • Trash Expense $2,387
  • Water Sewer Expense $3,535
  • Operating Expense $7,738
  • Gross Income $86,040
  • Net Operating Income $78,302

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3535.00
  • Property Type: Residential Income
  • Parcel Number: 33903201
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 325.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2387.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Park

Green Features

  • Efficiency: Water Heater

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 933.00
  • Gross Income: 86040.00
  • Gross Scheduled Income: 86040.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 78302.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7738.00
  • Other Expense: 883.00
  • Other Expense Description: gas
  • Rent Control: No
  • Total Expenses: 7738.00

Tax Info

  • Tax Census Tract: 117.12
  • Tax Lot: 8
  • Tax Tract Number: 2064

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/18/2021 10/18/21 Sold $1,450,000 +11.5% $325 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $1,300,000 -- $292 / 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 $17,041 $1,538,751 $1,321,790 $216,961
2024 $17,041 $1,508,580 $1,295,873 $212,707
2023 $16,759 $1,479,000 $1,270,463 $208,537
2022 $16,632 $1,450,000 $1,245,551 $204,449
2021 $8,029 $650,981 $421,292 $229,689
2020 $8,042 $644,306 $416,972 $227,334
2019 $7,779 $631,673 $408,796 $222,877
2018 $7,686 $619,288 $400,781 $218,507
2017 $7,564 $607,146 $392,923 $214,223
2016 $7,417 $595,242 $385,219 $210,023
2015 $7,325 $586,301 $379,432 $206,869
2014 $7,113 $574,817 $372,000 $202,817
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21167970

California Regional Multiple Listing Service (CRMLS)