NOT LISTED FOR SALE

517 E Chestnut Ave Santa Ana, CA 92701

Pacific Park Neighborhood

Estimated Value: $845,000 - $1,352,000

9 Beds
4 Baths
3,500 Sq Ft
$310/Sq Ft Est. Value

Last Sold July 21, 2014

Last sale price $619,000 $177 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,044/month

24 Days on Market

About This Home

As of July 2014

517, 519, & 521 E. Chestnut. Excellent triplex investment opportunity! Low rents with potential to increase and achieve greater cash flow. Front house is a 4 bed/2 bath with large bedrooms ($1,800/mo) with laundry hook-ups. Main house is two levels with two bedroom up, and two bedrooms down. The back building is a single level duplex consisting of a 3 bedroom/1 bath ($1,250/mo) and a Third unit that is 2 bed/1 bath ($950/mo). Gross Income $48,000 with upside. All units are occupied on month-to-month leases. Well maintained units with newer roof, tile flooring, majority of copper water lines have been replaced, new windows in front house, newer paint, and forced air/heat. Owner just fumigated the entire property and it's ready for new investor. Sold "AS IS WHERE IS."

Last Agent to Sell the Property

Paulo Prietto

Compass License #01878796 Listed on: 05/06/2014

Compass

Last Buyer's Agent

Consuelo Zambrano

RE/MAX One License #00940690

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,174 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 568
  • Assessor Parcel Number 40408212

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $6,725
  • Gross Income $4,000
  • Net Operating Income $34,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 40408212
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 176.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7174.00
  • Lot Size Acres: 0.1650

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4000.00
  • Gross Multiplier: 12.89
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7174.0000 Square Feet
  • Net Operating Income: 34000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 415.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6725.00
  • Tax Lot: 12
  • Tax Tract Number: 568
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2014
Closed on
Jun 6, 2014
Sold by
Kotin Benjamin T and Kotin Joel T
Bought by
Garcia Concepcion Ricardo and Ortiz Julio C
Seller's Agent
Paulo Prietto
Compass
Buyer's Agent
Consuelo Zambrano
RE/MAX One
List Price
$619,000
Sold Price
$619,000
Current Estimated Value
$1,025,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,027
Avg. Annual Appreciation
4.98%
Original Mortgage
$464,250
Outstanding Balance
$351,785
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$734,684

Purchase Details

Closed on
Jul 3, 2013
Sold by
Kotin Enterprises Llc
Bought by
Kotin Benjamin T and Kotin Joel T

Purchase Details

Closed on
Sep 11, 2012
Sold by
Kotin Benjamin T and Kotin Joel T
Bought by
Kotin Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2012
Sold by
Kotin Enterprises Llc
Bought by
Kotin Benjamin T and Kotin Joel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2012
Sold by
Kotin Allison
Bought by
Kotin Benjamin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2010
Sold by
Kotin Joel and Hill Lydia
Bought by
Kotin Enterprises Llc

Purchase Details

Closed on
May 18, 2009
Sold by
Chestnut Street Trust #517
Bought by
Kotin Joel and Hill Lyda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2008
Sold by
Almonte Elsa
Bought by
Chestnut Street Trust #517

Purchase Details

Closed on
Jul 18, 2005
Sold by
Mansilla Aldo
Bought by
Almonte Elsa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,750
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2005
Sold by
Almonte Elsa
Bought by
Mansilla Aldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,750
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Victory Outreach Santa Ana
Bought by
Almonte Elsa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2004
Sold by
Bernal Arnold Bruce and Bernal Eva
Bought by
Victory Outreach Santa Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2002
Sold by
Royston John and Royston Arlene
Bought by
Bernal Arnold Bruce and Bernal Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,415
Interest Rate
9.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 1999
Sold by
Barry Bowyer
Bought by
Royston John and Royston Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,135
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 1994
Sold by
Bowyer Barry R and Bowyer Linda L
Bought by
Bowyer Barry R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garcia Concepcion Ricardo $619,000 Chicago Title Company
Kotin Benjamin T -- None Available
Kotin Enterprises Llc -- None Available
Kotin Benjamin T -- Ticor Title San Diego
Kotin Benjamin T -- Ticor Title San Diego
Kotin Enterprises Llc -- None Available
Kotin Joel $495,000 Chicago Title
Chestnut Street Trust #517 -- National Title Ins Co Of Ny
Almonte Elsa $735,000 Stewart Title Of Ca Inc
Mansilla Aldo -- Gateway Title Company
Almonte Elsa $600,000 Fidelity National Title
Victory Outreach Santa Ana -- Fidelity National Title
Bernal Arnold Bruce $330,000 American Title Co
Royston John $216,000 Old Republic Title Company
Bowyer Barry R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Concepcion Ricardo $464,250
Previous Owner Kotin Benjamin T $342,500
Previous Owner Kotin Joel $346,500
Previous Owner Almonte Elsa $624,750
Previous Owner Almonte Elsa $472,000
Previous Owner Bernal Arnold Bruce $280,415
Previous Owner Royston John $214,135
Closed Almonte Elsa $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2014 07/21/14 Sold $619,000 0.0% $177 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $619,000 -- $177 / 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 $8,655 $743,941 $628,555 $115,386
2024 $8,655 $729,354 $616,230 $113,124
2023 $8,442 $715,053 $604,147 $110,906
2022 $8,357 $701,033 $592,301 $108,732
2021 $8,161 $687,288 $580,688 $106,600
2020 $8,179 $680,241 $574,734 $105,507
2019 $8,017 $666,903 $563,464 $103,439
2018 $7,708 $653,827 $552,416 $101,411
2017 $7,644 $641,007 $541,584 $99,423
2016 $7,492 $628,439 $530,965 $97,474
2015 $7,399 $619,000 $522,990 $96,010
2014 $6,253 $516,107 $413,587 $102,520
Source: Public Records

Agents Affiliated with this Home

  • Paulo Prietto

    Seller's Agent in 2014

    Paulo Prietto

    Compass

    (949) 375-6778

    42 Total Sales

    Paulo Prietto
    Section Image

  • C

    Buyer's Agent in 2014

    Consuelo Zambrano

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14095620

California Regional Multiple Listing Service (CRMLS)

APN: 404-082-12

California Orange County Santa Ana 92701 Pacific Park

517 E Chestnut Ave, Santa Ana, CA

Not Listed for Sale

MultiFamily

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