NOT LISTED FOR SALE
4 Beds
4 Baths
2,600 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: May 11, 2018

Last sale price $851,000 $327 Per Sq Ft

47 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Turnkey
  • Lawn
  • Tile Flooring
  • Wood Fence

About This Home

As of May 2018

OH MY, Seller is TRULY CRAZY to sell at this price. INVEST IN ORANGE COUNTY NOW. DOUBLE DIGIT TOTAL RETURN ON THIS BEAUTY. DONT BUY ON PRO-FORMA NUMBERS, BUY ON ACTUAL RENTS, LIKE THIS ONE. Refurbished, single level 4 unit row building, super easy to manage. Extensive Remodel was just completed on all 4 units. New leases are in place. Just step in and collect rents.
Block wall on 2 sides, new water heaters , flooring, tubs, vanities , kitchen counters, window coverings, screens, paint, lighting, and on and on.
You wont be disappointed. If you looking for that jewel in the town, this is it. Centrally located, walking distance to everything. Tree lined street.

Last Agent to Sell the Property

Dave Troutt

Seven Gables Real Estate License #01749025 Listed on: 02/28/2018

Last Buyer's Agent

Hayal Forshey

Orange Realty Group License #01305430

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • New Fence
  • Level Lot
  • Lawn

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 40408102

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Electric Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $11,388
  • Operating Expense $16,488
  • Net Operating Income $49,932

Property Details

Home Type

Multi-Family

Year Built

Built in 1952 | Remodeled

Lot Details

6,970 Sq Ft Lot

Listing Details

  • CapRate: 5.90
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: R-3
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 40408102
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 327.31
  • Room Type: All Bedrooms Down, Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Average Condition, Block, New Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 66420.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 49932.00
  • Number Of Separate Electric Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 16488.00
  • Rent Control: No
  • Total Actual Rent: 5535.00
  • Total Expenses: 16488.00

Tax Info

  • New Taxes Expense: 11388.00
  • Tax Census Tract: 750.02
  • Tax Lot: 1
  • Tax Tract Number: 1

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

Closed on
Aug 7, 2019
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
$601,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2018
Closed on
May 18, 2018
Sold by
Bought by
Seller's Agent
Dave Troutt
Seven Gables Real Estate
Buyer's Agent
Hayal Forshey
Orange Realty Group
List Price
$949,900
Sold Price
$851,000
Premium/Discount to List
-$98,900
-10.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,250
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2018
Closed on
Apr 26, 2018
Sold by
Bought by
Seller's Agent
Dave Troutt
Seven Gables Real Estate
Buyer's Agent
Hayal Forshey
Orange Realty Group
List Price
$949,900
Sold Price
$851,000
Premium/Discount to List
-$98,900
-10.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,250
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2017
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 23, 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
$227,127
Interest Rate
8.14%
Mortgage Type
FHA
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
-- Pacific Coast Title Company
-- None Available
-- Accommodation
$851,000 Orange Coast Title Co
-- Orange Coast Title Co
$625,000 Orange Coast Title Co
-- Orange Coast Title
$304,100 --
$229,000 Old Republic Title Company
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
Open $590,000
Closed $601,000
Closed $638,250
Previous Owner $250,000
Previous Owner $210,000
Previous Owner $35,000
Previous Owner $227,127
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
05/11/2018 05/11/18 Sold $851,000 +0.2% $327 / Sq Ft
04/12/2018 04/12/18 Price Changed $849,000 -5.6% $327 / Sq Ft
03/20/2018 03/20/18 Price Changed $899,000 -5.4% $346 / Sq Ft
02/28/2018 02/28/18 For Sale $949,900 -- $365 / 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 $11,636 $968,290 $807,859 $160,431
2024 $11,636 $949,304 $792,018 $157,286
2023 $11,347 $930,691 $776,489 $154,202
2022 $11,224 $912,443 $761,264 $151,179
2021 $10,965 $894,552 $746,337 $148,215
2020 $10,984 $885,380 $738,684 $146,696
2019 $10,774 $868,020 $724,200 $143,820
2018 $7,871 $625,000 $552,652 $72,348
2017 $6,702 $514,143 $423,418 $90,725
2016 $6,573 $504,062 $415,115 $88,947
2015 $6,489 $496,491 $408,880 $87,611
2014 $6,376 $486,766 $400,871 $85,895
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18047192

California Regional Multiple Listing Service (CRMLS)

APN: 404-081-02

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