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 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 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
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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

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 $12,361 $1,087,669 $800,122 $287,547
2024 $12,361 $1,066,343 $784,434 $281,909
2023 $12,150 $1,045,435 $769,053 $276,382
2022 $12,051 $1,024,937 $753,974 $270,963
2021 $11,853 $1,004,841 $739,191 $265,650
2020 $11,880 $994,538 $731,611 $262,927
2019 $11,474 $975,038 $717,266 $257,772
2018 $11,336 $955,920 $703,202 $252,718
2017 $11,155 $937,177 $689,414 $247,763
2016 $10,935 $918,801 $675,896 $242,905
2015 $10,801 $905,000 $665,743 $239,257
2014 $9,003 $750,000 $467,648 $282,352
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14094730

California Regional Multiple Listing Service (CRMLS)

APN: 339-412-01