NOT LISTED FOR SALE

462 Melody Ln Unit 4 Placentia, CA 92870

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

Sale Details

Date Sold: October 18, 2021

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

12 Days on Market

Highlights

  • Park
  • 4 Car Garage
  • Laundry Facilities
  • 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

Real Brokerage Technologies License #01485288 Listed on: 07/30/2021

Real Brokerage Technologies

Co-Listed By

Mary Ovesen

John Lewis Ybarra, Realtors License #00882952

Last Buyer's Agent

Lin Xia

Wetrust Realty License #01918081

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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

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

7,841 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Aug 20, 2021
Sold by
Bought by
Seller's Agent
ROSA LEONE
Real Brokerage Technologies
Buyer's Agent
Lin Xia
Wetrust Realty
List Price
$1,300,000
Sold Price
$1,450,000
Premium/Discount to List
$150,000
11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,125
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 17, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Interest Rate
7.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 29, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Placentia, CA

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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
$1,450,000 Ticor Title Riverside
-- Fidelity National Title Co
-- None Available
$550,000 Fidelity National Title Co
$920,000 Chicago Title Co
-- Title Land 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
Previous Owner $828,000
Previous Owner $460,125
Previous Owner $736,000
Source: Public Records

Property 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 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,420 $1,569,526 $1,348,226 $221,300
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21167970

California Regional Multiple Listing Service (CRMLS)
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