NOT LISTED FOR SALE

501 Encinitas Way Placentia, CA 92870

9 Beds
9 Baths
4,486 Sq Ft
9,000 Sq Ft Lot

Sale Details

Date 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

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
Jun 28, 2017
Closed on
Jul 5, 2017
Sold by
Bought by
Seller's Agent
Michael Sacks
Coldwell Banker Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,469,000
Sold Price
$1,469,000

Purchase Details

Closed on
Nov 3, 2015
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
$500,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2004
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
$641,650
Interest Rate
0.0467%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 28, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2002
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
$410,000
Interest Rate
0.0597%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2000
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
$306,000
Interest Rate
0.0773%

Purchase Details

Closed on
Jan 24, 1999
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
$218,000
Interest Rate
0.0684%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 1998
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,469,000 Chicago Title Company
$1,150,000 Ticor Title Co
$825,000 Orange Coast Title Company
$213,500 Fidelity National Title
$610,000 Fidelity National Title Ins
$360,000 California Counties Title Co
$272,500 North American Title Co
$275,000 Benefit Land Title Ins Compa
-- Fidelity National Title Ins
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 $500,000
Previous Owner $835,000
Previous Owner $152,600
Previous Owner $641,650
Previous Owner $410,000
Previous Owner $306,000
Previous Owner $218,000
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 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

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
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

Agents Affiliated with this Home

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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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