NOT LISTED FOR SALE

5916 Burnham Ave Buena Park, CA 90621

4 Beds
2 Baths
9,280 Sq Ft
16,204 Sq Ft Lot

Last Sold April 17, 2012

Last sale price $1,450,000 $156 Per Sq Ft

344 Days on Market

Highlights

  • 0.37 Acre Lot
  • Wood Siding
  • Heating System Uses Natural Gas
  • Tile Flooring

About This Home

As of April 2012

READY TO SELL! Every unit has new ceramic tile flooring throughout. Some have had the kitchen cabinets resurfaced/replaced and all have new kitchen counter tops. Most have new hardware on the kitchen cabinets. Built in 1976 and offering all LARGE 2Bd/1Ba units with 18 total parking spaces the Capitalization Rate has the potential to exceed 7%.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 02/14/2011

Last Buyer's Agent

Sylvan Swartz

Swartz Commercial Real Estate License #00648789

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 16,206 Sq Ft Lot

Home Design

  • Spanish Tile Roof
  • Tar and Gravel Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 9,280 Sq Ft Home
  • Tile Flooring
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 18 Parking Spaces
  • 10 Carport Spaces
  • Parking Available
  • Parking Lot

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Central Water Heater
  • Sewer on Bond

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 066
  • Tax Tract Number 111
  • Assessor Parcel Number 06611148

Community Details

Overview

  • 10 Units

Building Details

  • 5 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,500
  • Gardener Expense $1,200
  • Insurance Expense $3,248
  • Maintenance Expense $7,200
  • Trash Expense $1,000
  • Water Sewer Expense $5,716
  • New Taxes Expense $16,675
  • Gross Income $12,100
  • Net Operating Income $96,741

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.37 Acres

Listing Details

  • Assessments: No
  • CapRate: 6.67
  • View: No
  • Water Sewer Expenses: 5716.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 06611148
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 156.25

Exterior Features

  • Pool Private: No
  • Roof: Clay, Spanish Tile, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Carport, Parking Space
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Water Heater Central
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Sewer On Bond
  • Trash Expense: 1000.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 16206.00
  • Lot Size Acres: 0.3720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 930
  • Electric Expense: 2500.00
  • Gross Income: 12100.00
  • Gross Multiplier: 9.92
  • Gross Scheduled Income: 146200.00
  • Gross Spendable Income: 30308.00
  • Insurance Expense: 3248.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 16206.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Net Operating Income: 96741.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 10
  • Operating Expense: 42339.00
  • Total Actual Rent: 146400.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16675.00
  • Tax Lot: 066
  • Tax Tract Number: 111
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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 List to Sale Price per Sq Ft
04/17/2012 04/17/12 Sold $1,450,000 0.0% $156 / Sq Ft
01/24/2012 01/24/12 Pending -- -- --
02/14/2011 02/14/11 For Sale $1,450,000 -- $156 / 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 $20,628 $1,695,672 $1,162,465 $533,207
2024 $20,628 $1,662,424 $1,139,672 $522,752
2023 $20,188 $1,629,828 $1,117,326 $512,502
2022 $19,846 $1,597,871 $1,095,418 $502,453
2021 $19,695 $1,566,541 $1,073,940 $492,601
2020 $19,454 $1,550,479 $1,062,929 $487,550
2019 $19,019 $1,520,078 $1,042,087 $477,991
2018 $18,662 $1,490,273 $1,021,654 $468,619
2017 $18,400 $1,461,052 $1,001,621 $459,431
2016 $18,043 $1,432,404 $981,981 $450,423
2015 $17,293 $1,410,888 $967,230 $443,658
2014 $17,220 $1,383,251 $948,283 $434,968
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S648046

California Regional Multiple Listing Service (CRMLS)
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