NOT LISTED FOR SALE

507 Encinitas Way Placentia, CA 92870

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

Sale Details

Date 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 in unit

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

9,148 Sq Ft Lot

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

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, 2014
Closed on
Oct 27, 2014
Sold by
Bought by
Seller's Agent
Jim Bradford
Great Homes and Loans
Buyer's Agent
Edmond Kwong
Lambo Capital Group
List Price
$925,000
Sold Price
$905,000
Premium/Discount to List
-$20,000
-2.16%

Purchase Details

Listed on
Jun 28, 2014
Closed on
Aug 5, 2014
Sold by
Bought by
Seller's Agent
Jim Bradford
Great Homes and Loans
Buyer's Agent
Edmond Kwong
Lambo Capital Group
List Price
$925,000
Sold Price
$905,000
Premium/Discount to List
-$20,000
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
0.0411%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2006
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
$764,000
Interest Rate
0.0888%
Mortgage Type
Negative Amortization
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
-- None Available
$905,000 Fidelity National Title
$955,000 Landamerica Commonwealth Tit
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 $550,000
Previous Owner $764,000
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
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

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 $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

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