NOT LISTED FOR SALE
4 Beds
3 Baths
3,882 Sq Ft
9,148 Sq Ft Lot

Last Sold October 30, 2019

Last sale price $1,115,000 $287 Per Sq Ft

19 Days on Market

Highlights

  • Private Yard
  • Cul-De-Sac
  • Landscaped
  • No HOA
  • Laundry Room
  • 4 Car Garage

About This Home

As of October 2019

Excellent Investment Opportunity at a 4.7 CAP!! PLUS Huge potential upside cash cow with this Disneyland close 4 plex! All units have private patios and garage, street parking as well! Excellent tenants for years and seldom does a vacancy occur in this area. Low maintenance and Well maintained 4 - plex in the heart of Anaheim! Excellent mix of units all with 2 BR's and one with 1 bath and the other three are 2 BR's with 1.5 BA's. All new garage door and metal screens installed, nice community grass area and potential for washer/dryer income. There is a great opportunity to increase rents to market value and increase return on investment! Building is conveniently located very close to I-5 Freeway, 57 Freeway and 91 Freeways, minutes away from Disneyland, restaurants, job centers, retail, schools, Anaheim stadium, downtown, Honda Center and meat packing district. Separate utility meters on each unit! Current market rents are $70,200/year & CAP 4.7%, GRM 16.0, Great upside potential for double digit ROI!!

Last Agent to Sell the Property

Doug Merlino

Beach Pointe Properties Inc License #01333796 Listed on: 10/03/2019

Last Buyer's Agent

Daniel Ho

Triumph Real Estate Solutions License #01318345

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,148 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Cul-De-Sac
  • Landscaped
  • Rectangular Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage
  • Public Parking
  • On-Street Parking
  • Parking Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,882 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, water
  • Tax Lot 13
  • Tax Tract Number 3492
  • Assessor Parcel Number 03618324

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,649
  • Insurance Expense $1,300
  • Trash Expense $400
  • Water Sewer Expense $1,500
  • New Taxes Expense $12,705
  • Operating Expense $17,554
  • Gross Income $70,200
  • Net Operating Income $52,646

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.00
  • Other Phone Description: ChristinaBroker
  • Other Phone Number: 714 743-1098
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Provential
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 03618324
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 287.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage, Parking Space, Public, Street
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Lawn, Rectangular Lot, Sprinkler System, Yard
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 970 Square Feet
  • Electric Expense: 1649.00
  • Gross Income: 70200.00
  • Gross Multiplier: 16.45
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 52646.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17554.00
  • Rent Control: No
  • Total Actual Rent: 70200.00
  • Total Expenses: 17554.00

Tax Info

  • New Taxes Expense: 12705.00
  • Tax Census Tract: 874.05
  • Tax Lot: 13
  • Tax Tract Number: 3492

Range of Values:

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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
10/30/2019 10/30/19 Sold $1,115,000 -3.0% $287 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $1,150,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19234954

California Regional Multiple Listing Service (CRMLS)

APN: 036-183-24