M
Seller's Agent in 2016
Mary Kasenberg
Coldwell Banker Realty
4801 Merten Ave Cypress, CA 90630
8
Beds
6
Baths
6,214
Sq Ft
0.47
Acres
Highlights
- Primary Bedroom Suite
- All Bedrooms Downstairs
- Corner Lot
- Clara J. King Elementary School Rated A-
- 0.47 Acre Lot
- No HOA
About This Home
As of April 2016Built in 1996, 4801-4811 Merten Ave is a 6-unit multifamily investment opportunity located in the City of Cypress, Ca. It features six individual houses with no common walls. Built on a 20,000sqft+ lot, 4 homes are 3 bedroom,2 baths and 2 homes are 2 bedroom,2 baths. Each house has 2-car attached garage with direct access into the house. Each unit has Forced Air Heating and Central Air and features a Gas fireplace in the living room. Property has 6 electric meters, 6 gas meters and 7 water meters. Tenants each pay for all their own utilities. The income can be raised substantially. Current rents have fallen below market levels mostly due to exceptionally low turnover. 10 mins from Knotts Berry Farm.
Buyer to cooperate with Seller's 1031 exchange at no expense to Buyer.`
**DRIVE-BY ONLY! DO NOT WALK ON PROPERTY! DO NOT TALK TO ANYONE! TENANTS NOT AWARE OF SALE.**
Last Agent to Sell the Property
Mary Kasenberg
Coldwell Banker Realty License #00523581 Listed on: 02/24/2016
Last Buyer's Agent
Mary Kasenberg
Coldwell Banker Realty License #00523581 Listed on: 02/24/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1996
Lot Details
- 0.47 Acre Lot
- No Common Walls
- Corner Lot
- Density is 6-10 Units/Acre
Parking
- 12 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 6,214 Sq Ft Home
- Gas Fireplace
- Living Room with Fireplace
Kitchen
- Dishwasher
- Ceramic Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- All Bedrooms Down
- Primary Bedroom Suite
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Powered By Gas
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection, water
- Tax Lot 12
- Tax Tract Number 1101
- Assessor Parcel Number 26232128
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 6 Units
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 7 Separate Water Meters
- Insurance Expense $2,500
- Maintenance Expense $2,400
- New Taxes Expense $22,500
- Gross Income $10,300
- Net Operating Income $92,492
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/13/2016 04/13/16 | Sold | $1,920,000 | +2.4% | $309 / Sq Ft |
| 02/29/2016 02/29/16 | Pending | -- | -- | -- |
| 02/24/2016 02/24/16 | For Sale | $1,875,000 | -- | $302 / 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 | $25,802 | $2,272,887 | $1,302,177 | $970,710 |
| 2024 | $25,802 | $2,228,321 | $1,276,644 | $951,677 |
| 2023 | $25,214 | $2,184,629 | $1,251,612 | $933,017 |
| 2022 | $24,924 | $2,141,794 | $1,227,071 | $914,723 |
| 2021 | $24,599 | $2,099,799 | $1,203,011 | $896,788 |
| 2020 | $24,492 | $2,078,269 | $1,190,676 | $887,593 |
| 2019 | $23,805 | $2,037,519 | $1,167,329 | $870,190 |
| 2018 | $23,487 | $1,997,568 | $1,144,440 | $853,128 |
| 2017 | $22,683 | $1,958,400 | $1,122,000 | $836,400 |
| 2016 | $12,298 | $991,690 | $257,787 | $733,903 |
| 2015 | $12,205 | $976,794 | $253,914 | $722,880 |
| 2014 | $11,579 | $957,660 | $248,940 | $708,720 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16039504
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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