NOT LISTED FOR SALE

507 Encinitas Way Placentia, CA 92870

9 Beds
8 Baths
4,303 Sq Ft
9,148 Sq Ft Lot

Last Sold August 29, 2014

Last sale price $905,000 $210 Per Sq Ft

90 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Cul-De-Sac
  • Morse Avenue Elementary School Rated A-
  • Lawn
  • 2-minute walk to Sante Fe Park

About This Home

As of August 2014

Great 4-Plex, two story, single building with 5 car garage plus separate laundry facility and extra parking on extra large lot. Close to 57 & 91 freeways, Cal State Fullerton, In & Out, 1/2 block from the park and a short stroll to Placentia's downtown historical district. All four units have been long term tenants. Unit A is downstairs with 3 bedrooms 2 baths, a fireplace, two car garage and a patio. Units B,C and D are all 2 bedroom 2 bath each having a 1 car garage and 1 extra parking spot and unit B has a small patio. Current rents are $1625, $1225, $1225 and $1175. New roof installed in 2012.

Last Agent to Sell the Property

Jim Bradford

Great Homes and Loans License #00966683 Listed on: 06/28/2014

Last Buyer's Agent

Edmond Kwong

Lambo Capital Group License #01728387

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 4,303 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near a park
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 8271
  • Assessor Parcel Number 33941201

Community Details

Overview

  • 4 Units
  • Greenbelt

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $1,278
  • Water Sewer Expense $3,200
  • New Taxes Expense $8,567
  • Gross Income $5,250
  • Net Operating Income $59,888

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

HOA Fees

$400 per month

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3200.00
  • Property Type: Residential Income
  • Parcel Number: 33941201
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 210.32

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee: 400.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Cul-De-Sac, Greenbelt, Level, Lawn, Level with Street, Paved, Park Nearby, Corner Lot
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Income: 5250.00
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1278.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 59888.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3120.00
  • Rent Control: No
  • Total Actual Rent: 5250.00

Tax Info

  • New Taxes Expense: 8567.00
  • Tax Lot: 6
  • Tax Tract Number: 8271
  • Tax Year: 2013

Range of Values:

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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
08/29/2014 08/29/14 Sold $905,000 -2.2% $210 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $925,000 -- $215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Bradford

    Seller's Agent in 2014

    Jim Bradford

    Great Homes and Loans

    (714) 624-5220

    19 Total Sales

    Jim Bradford
    Section Image

  • E

    Buyer's Agent in 2014

    Edmond Kwong

    Lambo Capital Group

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14094730

California Regional Multiple Listing Service (CRMLS)

APN: 339-412-01

California Orange County Placentia 92870

507 Encinitas Way, Placentia, CA

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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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