NOT LISTED FOR SALE

501 Encinitas Way Placentia, CA 92870

9 Beds
9 Baths
4,486 Sq Ft
1977 Built

Last Sold July 13, 2017

Last sale price $1,469,000 $327 Per Sq Ft

1 Day on Market

About This Home

As of July 2017

• True Pride of Ownership Four-Plex
• Large 2 & 3 Bedroom Townhouse Style Units
• Completely Renovated Inside and Out
• Excellent Location Near Cal State Fullerton
• Located on Quiet Street shared with Single-Family Homes

Last Agent to Sell the Property

Michael Sacks

Coldwell Banker Realty License #01945984 Listed on: 06/28/2017

Coldwell Banker Realty

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,000 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,486 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 33941206

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,570
  • Maintenance Expense $3,847
  • Other Expense $5,996
  • Trash Expense $1,680
  • Water Sewer Expense $1,680
  • New Taxes Expense $15,969
  • Operating Expense $30,742
  • Gross Income $96,180
  • Net Operating Income $62,553

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

9,000 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Subdivision Name Other: Encinitas Way
  • Water Sewer Expenses: 1680.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 33941206
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 327.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9000.00

Multi Family

  • Gross Income: 96180.00
  • Gross Multiplier: 15.27
  • Gross Operating Income: 93295.00
  • Gross Scheduled Income: 96180.00
  • Insurance Expense: 1570.00
  • Maintenance Expense: 3847.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 62553.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30742.00
  • Operating Expense Percent: 32.00
  • Other Expense: 5996.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Total Expenses: 30742.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15969.00
  • Tax Census Tract: 117.21
  • Tax Lot: 000
  • Tax Tract Number: 000
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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 Prior Sale
07/13/2017 07/13/17 Sold $1,469,000 0.0% $327 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
06/28/2017 06/28/17 For Sale $1,469,000 +27.7% $327 / Sq Ft
03/01/2016 03/01/16 Sold $1,150,000 -3.3% $256 / Sq Ft View Prior Sale
11/30/2015 11/30/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $1,189,000 -- $265 / 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 $18,419 $1,671,468 $1,409,208 $262,260
2024 $18,419 $1,638,695 $1,381,577 $257,118
2023 $18,115 $1,606,564 $1,354,487 $252,077
2022 $17,980 $1,575,063 $1,327,928 $247,135
2021 $17,682 $1,544,180 $1,301,890 $242,290
2020 $17,730 $1,528,347 $1,288,541 $239,806
2019 $17,106 $1,498,380 $1,263,276 $235,104
2018 $16,900 $1,469,000 $1,238,505 $230,495
2017 $13,721 $1,173,000 $919,370 $253,630
2016 $10,107 $842,657 $590,973 $251,684
2015 $9,983 $830,000 $582,096 $247,904
2014 $9,003 $750,000 $502,096 $247,904
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17147172

California Regional Multiple Listing Service (CRMLS)

APN: 339-412-06

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