NOT LISTED FOR SALE

5551 Reno Cir Huntington Beach, CA 92649

7 Beds
5 Baths
4,273 Sq Ft
8,067 Sq Ft Lot

Last Sold October 03, 2016

Last sale price $1,495,000 $350 Per Sq Ft

24 Days on Market

About This Home

As of October 2016

*Large 2 & 3 Bedroom Units
*Excellent Cul-de-sac Location Near Marina High
School, Huntington Harbor & the Wildlife Refuge
*Private Patios, Yards & Garages with Washer/Dryer
Hookups
*Turn-Key Condition with Rental Upside
*Original Owner
*The seller has recently sent out modest rental increases for some tenants which are taking effect.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 06/13/2016

Last Buyer's Agent

Shervin Rafii

eXp Realty of Southern California, Inc License #01925441

eXp Realty of Southern California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 8,067 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,273 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 7913
  • Assessor Parcel Number 14544108

Community Details

Overview

  • 3 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Gardener Expense $960
  • Insurance Expense $1,500
  • Maintenance Expense $4,000
  • Other Expense $500
  • Trash Expense $1,201
  • Water Sewer Expense $1,201
  • New Taxes Expense $16,072
  • Gross Income $6,720
  • Net Operating Income $52,787

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.50
  • Property Attached: Yes
  • Water Sewer Expenses: 1201.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 14544108
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 349.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1201.00
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 8067.00
  • Price Per Lot Square Foot: 185.94

Multi Family

  • Gross Income: 6720.00
  • Gross Multiplier: 18.54
  • Gross Scheduled Income: 80640.00
  • Insurance Expense: 1500.00
  • Maintenance Expense: 4000.00
  • Net Operating Income: 52787.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 3
  • Operating Expense: 25434.00
  • Operating Expense Percent: 31.50
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Vacancy Allowance: 2419
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16072.00
  • Tax Lot: 8
  • Tax Tract Number: 7913

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
10/03/2016 10/03/16 Sold $1,495,000 -0.3% $350 / Sq Ft
07/14/2016 07/14/16 Price Changed $1,500,000 +0.3% $351 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $1,495,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2016

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    20 Total Sales

    Section Image
  • Shervin Rafii

    Buyer's Agent in 2016

    Shervin Rafii

    eXp Realty of Southern California, Inc

    (714) 420-7000

    11 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16127180

California Regional Multiple Listing Service (CRMLS)

APN: 145-441-08

California Orange County Huntington Beach 92649

5551 Reno Cir, Huntington Beach, CA

This home is located at 5551 Reno Cir, Huntington Beach, CA 92649 since 13 June 2016. This property was built in 1972. 5551 Reno Cir is a home located in Orange County with nearby schools including Village View Elementary School, Spring View Middle School, and Marina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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