Seller's Agent in 2013
Mike Marcu
Mike Marcu, Broker
(562) 260-0940
15 Total Sales
617 E Walnut St Santa Ana, CA 92701
Pacific Park Neighborhood
3
Beds
3
Baths
3,260
Sq Ft
8,400
Sq Ft Lot
About This Home
As of February 2013Offering it's tenants a quite and peaceful living environment the subject property consists of a two buildings on one parcel. The front building has two units and the rear building is comprised of 4 units. Each is individually metered for gas and electricity as well as having it's own water heater. Parking consists of two open spaces in the front and 4 open spaces in the rear of the property. With a Capitaization Rate just under 6.5% this investment offers an extremely attractive return.
Last Agent to Sell the Property
Mike Marcu, Broker License #00919594 Listed on: 02/01/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 8,400
Parking
- 6 Parking Spaces
Home Design
- 3,260 Sq Ft Home
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Leased Washer and Dryer
- 8,400 Sq Ft Lot
- No Heating
Listing and Financial Details
- Tax Lot 398
- Tax Tract Number 495
- Assessor Parcel Number 39849510
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $900
- Gardener Expense $1,200
- Insurance Expense $1,500
- Maintenance Expense $3,459
- Other Expense $3,176
- Trash Expense $1,250
- Water Sewer Expense $2,030
- New Taxes Expense $8,836
- Gross Income $5,610
- Net Operating Income $44,052
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/22/2013 02/22/13 | Sold | $670,000 | -1.5% | $206 / Sq Ft |
| 02/01/2013 02/01/13 | Pending | -- | -- | -- |
| 12/06/2012 12/06/12 | For Sale | $680,000 | -- | $209 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,602 | $825,051 | $679,284 | $145,767 |
| 2024 | $10,602 | $808,874 | $665,965 | $142,909 |
| 2023 | $10,331 | $793,014 | $652,907 | $140,107 |
| 2022 | $10,207 | $777,465 | $640,105 | $137,360 |
| 2021 | $9,978 | $762,221 | $627,554 | $134,667 |
| 2020 | $9,987 | $754,406 | $621,119 | $133,287 |
| 2019 | $9,807 | $739,614 | $608,940 | $130,674 |
| 2018 | $9,454 | $725,112 | $597,000 | $128,112 |
| 2017 | $9,371 | $710,895 | $585,295 | $125,600 |
| 2016 | $9,192 | $696,956 | $573,818 | $123,138 |
| 2015 | $9,074 | $686,488 | $565,199 | $121,289 |
| 2014 | -- | $673,041 | $554,127 | $118,914 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Marcu
-
Spencer Hoo
Buyer's Agent in 2013
Spencer Hoo
Epique Inc
(714) 423-7563
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S719830
APN: 398-495-10
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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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