NOT LISTED FOR SALE
3 Beds
2 Baths
8,372 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: June 17, 2019

Last sale price $3,610,000 $431 Per Sq Ft

19 Days on Market

Highlights

  • 0.48 Acre Lot
  • Landscaped
  • Laundry Facilities

About This Home

As of June 2019

Newly renovated, fresh clean unit
1 bedroom 1 bath
Private and quiet
Parking included
Unit has AC

Last Agent to Sell the Property

Kurt Hediger

Marcus & Millichap RE Invest License #01846649 Listed on: 05/01/2019

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 20,909 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 14 Open Parking Spaces
  • 1 Car Garage
  • 12 Carport Spaces

Interior Spaces

  • 8,372 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 63701
  • Assessor Parcel Number 42202126

Community Details

Building Details

  • 13 Leased Units
  • 1 Separate Water Meter
  • Electric Expense $3,428
  • Fuel Expense $3,428
  • Insurance Expense $3,250
  • Maintenance Expense $6,500
  • Other Expense $9,090
  • Trash Expense $3,428
  • Water Sewer Expense $3,428
  • New Taxes Expense $42,176
  • Operating Expense $74,728
  • Gross Income $213,960
  • Net Operating Income $132,856

Additional Features

  • 13 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.48 Acres

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3428.00
  • Property Type: Residential Income
  • Parcel Number: 42202126
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 431.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 27.00
  • Uncovered Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3428.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 20908.80
  • Lot Size Acres: 0.4800

Multi Family

  • Electric Expense: 3428.00
  • Fuel Expense: 3428.00
  • Gross Income: 213960.00
  • Gross Operating Income: 207584.00
  • Gross Scheduled Income: 213960.00
  • Insurance Expense: 3250.00
  • Lot Size Area: 0.4800 Acres
  • Maintenance Expense: 6500.00
  • Net Operating Income: 132856.00
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 13
  • Operating Expense: 74728.00
  • Other Expense: 9090.00
  • Rent Control: No
  • Total Actual Rent: 17710.00
  • Total Expenses: 74728.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 42176.00
  • Tax Census Tract: 637.01
  • Tax Lot: 34
  • Tax Tract Number: 063701

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
Sep 12, 2024
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
$3,800,000
Interest Rate
6.73%
Mortgage Type
Construction

Purchase Details

Listed on
May 1, 2019
Closed on
May 23, 2019
Sold by
Bought by
Seller's Agent
Kurt Hediger
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$3,650,000
Sold Price
$3,610,000
Premium/Discount to List
-$40,000
-1.1%

Purchase Details

Listed on
May 1, 2019
Closed on
May 13, 2019
Sold by
Bought by
Seller's Agent
Kurt Hediger
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$3,650,000
Sold Price
$3,610,000
Premium/Discount to List
-$40,000
-1.1%

Purchase Details

Listed on
Apr 30, 2018
Closed on
May 21, 2018
Sold by
Bought by
Seller's Agent
Henry Liao
Aloha Realty
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$3,150,000
Sold Price
$3,130,000
Premium/Discount to List
-$20,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.78%

Purchase Details

Listed on
May 14, 2013
Closed on
Aug 7, 2013
Sold by
Bought by
Seller's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
Buyer's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
List Price
$2,150,000
Sold Price
$2,040,000
Premium/Discount to List
-$110,000
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%
Original Mortgage
$1,230,000
Interest Rate
4.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$5,625,000 Chicago Title Company
$3,610,000 Chicago Title Company
-- Chicago Title Company
$3,130,000 Provident Title Co
$2,040,000 Orange Coast Title Co
-- None Available
$33,500 None Available
-- None Available
-- None Available
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 $3,400,000
Closed $3,800,000
Previous Owner $4,000,000
Previous Owner $2,000,000
Previous Owner $1,230,000
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 Prior Sale
10/08/2024 10/08/24 Off Market $2,345 -- --
09/21/2024 09/21/24 For Rent $2,345 0.0% --
06/17/2019 06/17/19 Sold $3,610,000 -1.1% $431 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $3,650,000 +16.6% $436 / Sq Ft
07/16/2018 07/16/18 Sold $3,130,000 -0.6% $3,130,000 / Sq Ft View Prior Sale
05/16/2018 05/16/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $3,150,000 +54.4% $3,150,000 / Sq Ft
08/16/2013 08/16/13 Sold $2,040,000 -5.1% $244 / Sq Ft View Prior Sale
06/20/2013 06/20/13 Pending -- -- --
05/14/2013 05/14/13 For Sale $2,150,000 -- $257 / 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
2026 $64,882 $5,737,500 $5,233,899 $503,601
2025 $64,882 $5,625,000 $5,131,273 $493,727
2024 $48,165 $4,039,585 $2,963,780 $1,075,805
2023 $45,917 $3,870,648 $2,905,667 $964,981
2022 $44,546 $3,794,753 $2,848,693 $946,060
2021 $43,039 $3,720,347 $2,792,837 $927,510
2020 $42,628 $3,682,200 $2,764,200 $918,000
2019 $36,766 $3,130,000 $2,258,000 $872,000
2018 $26,918 $2,197,833 $1,481,384 $716,449
2017 $26,466 $2,154,739 $1,452,338 $702,401
2016 $25,902 $2,112,490 $1,423,861 $688,629
2015 $25,633 $2,080,759 $1,402,473 $678,286
2014 $25,039 $2,040,000 $1,375,000 $665,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19100396

California Regional Multiple Listing Service (CRMLS)
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