Angie Rebennack
Responds Quickly
Keller Williams Pacific Estate
(669) 267-1339
56 Total Sales
2 in Cypress
$1,300,000 Price Range
4801 Merten Ave Cypress, CA 90630
Cypress Area
8
Beds
6
Baths
6,214
Sq Ft
0.47
Acre Lot
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1996
Lot Details
- 20,447 Sq Ft 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
- Laundry in Garage
Kitchen
- Dishwasher
- Ceramic Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- All Bedrooms Down
- Primary Bedroom Suite
- 6 Bathrooms
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
Amenities
- Laundry Facilities
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
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
Feb 24, 2016
Closed on
Mar 14, 2016
Sold by
Bought by
Seller's Agent
Mary Kasenberg
Coldwell Banker Realty
Buyer's Agent
Mary Kasenberg
Coldwell Banker Realty
List Price
$1,875,000
Sold Price
$1,920,000
Premium/Discount to List
$45,000
2.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 30, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cypress, CA
-
Angie Rebennack
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
122 Total Sales
7 in Cypress
$520K - $1.3M Price Range
-
Sonia Amen
Sonia Amen
Lux Living Estates
(562) 268-0958
33 Total Sales
1 in Cypress
$640,000 Price
-
Min Oh
Min Oh
Paradise Realty
(657) 400-8307
32 Total Sales
2 in Cypress
$70K - $740K Price Range
-
Kurt Steffien
Kurt Steffien
Realty Discount Corporation
(424) 688-6151
57 Total Sales
1 in Cypress
$875,000 Price
-
John Binder
John Binder
ReMax Tiffany Real Estate
(424) 381-0619
92 Total Sales
1 in Cypress
$980,000 Price
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 |
|---|---|---|---|
| $1,920,000 | Ticor Title Company | ||
| $114,500 | Guardian Title 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 |
|---|---|---|---|
| Open | $2,000,000 | ||
| Closed | $1,600,000 | ||
| Closed | $1,100,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $247,260 |
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 |
|---|---|---|---|---|
| 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
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 | $26,965 | $2,318,344 | $1,328,220 | $990,124 |
| 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
-
MK
Seller's Agent in 2016
Mary Kasenberg
Coldwell Banker Realty
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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