NOT LISTED FOR SALE
4 Beds
2 Baths
3,190 Sq Ft
4,343 Sq Ft Lot

Sale Details

Date Sold: April 16, 2013

Last sale price $685,000 $215 Per Sq Ft

16 Days on Market

About This Home

As of April 2013

Built in 1921 but extensively rehabbed and renovated in 2012, the unit mix consists of all 2BR/1BA units. The interiors of the units are well-maintained, and amenities include garage parking, patios and balconies, and upgraded interiors. All units are separately metered for electricity and gas.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 02/20/2013

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 02/20/2013

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 4,343 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,190 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 5 / 6
  • Tax Tract Number 446
  • Assessor Parcel Number 40410101

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,117
  • Maintenance Expense $2,936
  • Other Expense $300
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $8,586
  • Gross Income $5,150
  • Net Operating Income $43,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

4,343 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 6.20
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 40410101
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 214.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4343.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 5150.00
  • Gross Multiplier: 11.25
  • Gross Scheduled Income: 61800.00
  • Gross Spendable Income: 13959.00
  • Insurance Expense: 1117.00
  • Lot Size Area: 4343.0000 Square Feet
  • Maintenance Expense: 2936.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 43372.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15338.00
  • Operating Expense Percent: 24.80
  • Other Expense: 300.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 5150.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8586.00
  • Tax Block: 6
  • Tax Lot: 5
  • Tax Tract Number: 446

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

Listed on
Feb 20, 2013
Closed on
Apr 8, 2013
Sold by
Lujan Aaron and Merriman Aaron
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Rick Applebaum
Morgan Skenderian
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Outstanding Balance
$349,976
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 20, 2013
Closed on
Mar 14, 2013
Sold by
Lujan Aaron
Bought by
Merriman Aaron
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Rick Applebaum
Morgan Skenderian
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Outstanding Balance
$349,976
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2012
Sold by
Merriman Aaron
Bought by
Lujan Aaron

Purchase Details

Listed on
May 8, 2012
Closed on
Jun 25, 2012
Sold by
Lujan Irma V
Bought by
Lujan Aaron R
Seller's Agent
Diana Kendall
Seven Gables Real Estate
Buyer's Agent
Michael Hickman
Seven Gables Real Estate
List Price
$308,700
Sold Price
$340,000
Premium/Discount to List
$31,300
10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Listed on
May 8, 2012
Closed on
Jun 7, 2012
Sold by
The Bank Of New York Mellon
Bought by
Merriman Aaron and Lujan Aaron
Seller's Agent
Diana Kendall
Seven Gables Real Estate
Buyer's Agent
Michael Hickman
Seven Gables Real Estate
List Price
$308,700
Sold Price
$340,000
Premium/Discount to List
$31,300
10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2011
Sold by
Zambrano Ramiro G and Zambrano Consuelo L
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 30, 2010
Sold by
Arias Manuel Alberto Aulestias
Bought by
Nationwide Realty Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2010
Sold by
Zambrano Ramiro G and Zambrano Consuelo L
Bought by
Arias Manuel Alberto Aulestias

Purchase Details

Closed on
May 15, 2006
Sold by
Zambrano Ramiro G and Zambrano Consuelo L
Bought by
Zambrano Ramiro G and Zambrano Consuelo L

Purchase Details

Closed on
Oct 8, 2004
Sold by
Contreras Oscar O
Bought by
Zambrano Ramiro G and Zambrano Consuelo L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,600
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 1, 2003
Sold by
Lu Quynh Thuy
Bought by
Contreras Oscar O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,250
Interest Rate
5.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2002
Sold by
Nguyen Vincent Huyen
Bought by
Lu Quynh Thuy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2000
Sold by
Nguyen Ann Phung
Bought by
Nguyen Vincent Huyen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2000
Sold by
Crist John H and Crist Jolly H
Bought by
Nguyen Vincent Huyen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 1995
Sold by
Emc Mtg Corp
Bought by
Crist John H and Crist Jolly H

Purchase Details

Closed on
Aug 23, 1993
Sold by
Home Svgs Of America
Bought by
California Loan Partners L P
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Pacific Park, CA

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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
$685,000 Ticor Title Co
Merriman Aaron -- None Available
Lujan Aaron -- None Available
Lujan Aaron R -- Landsafe Title Of California
Merriman Aaron -- Landsafe Title Of California
Merriman Aaron $340,000 Landsafe Title Of California
The Bank Of New York Mellon $360,000 None Available
Nationwide Realty Associates Llc $360,000 First American Title
Arias Manuel Alberto Aulestias -- Ticor Title Tustin Orange Co
Zambrano Ramiro G -- None Available
Zambrano Ramiro G $642,000 New Century Title Company
Contreras Oscar O $485,000 Stewart Title
Lu Quynh Thuy $370,000 Stewart Title
Nguyen Vincent Huyen -- Investors Title Company
Nguyen Vincent Huyen $205,000 Investors Title Company
Crist John H $130,000 Fidelity National Title Ins
California Loan Partners L P -- Fidelity National Title Ins
Emc Mtg Corp -- Fidelity National Title Ins
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 $513,750
Previous Owner Merriman Aaron $221,000
Previous Owner Nationwide Realty Associates Llc $351,000
Previous Owner Zambrano Ramiro G $513,600
Previous Owner Contreras Oscar O $412,250
Previous Owner Lu Quynh Thuy $37,000
Previous Owner Lu Quynh Thuy $296,000
Previous Owner Nguyen Vincent Huyen $192,000
Previous Owner Nguyen Vincent Huyen $143,500
Previous Owner Crist John $150,000
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
04/16/2013 04/16/13 Sold $685,000 -1.4% $215 / Sq Ft
03/08/2013 03/08/13 Pending -- -- --
02/20/2013 02/20/13 For Sale $695,000 +104.4% $218 / Sq Ft
07/05/2012 07/05/12 Sold $340,000 +10.1% $109 / Sq Ft View Prior Sale
05/25/2012 05/25/12 Pending -- -- --
05/08/2012 05/08/12 For Sale $308,700 -- $99 / 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 $10,552 $860,392 $737,714 $122,678
2025 $10,275 $843,522 $723,249 $120,273
2024 $10,275 $826,983 $709,068 $117,915
2023 $10,018 $810,768 $695,165 $115,603
2022 $9,907 $794,871 $681,534 $113,337
2021 $9,680 $779,286 $668,171 $111,115
2020 $9,695 $771,296 $661,320 $109,976
2019 $9,512 $756,173 $648,353 $107,820
2018 $9,156 $741,347 $635,641 $105,706
2017 $9,079 $726,811 $623,177 $103,634
2016 $8,901 $712,560 $610,958 $101,602
2015 $8,789 $701,857 $601,781 $100,076
2014 $8,637 $688,109 $589,993 $98,116
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13027355

California Regional Multiple Listing Service (CRMLS)
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