NOT LISTED FOR SALE
6 Beds
5 Baths
3,500 Sq Ft
9,748 Sq Ft Lot

Sale Details

Date Sold: October 16, 2015

Last sale price $389,000 $111 Per Sq Ft

32 Days on Market

Highlights

  • Property is near park
  • Laundry Facilities
  • Carpet
  • No HOA
  • Level Lot
  • Wall Furnace

About This Home

As of October 2015

GREAT INCOME PROPERTY. IMMEDIATE POSITIVE CASH FLOW. CLOSE TO EVERYTHING. 5 UNITS RIGHT ACROSS STREET FROM FIRE DEPT AND NEXT TO POLICE DEPT. CLOSE TO SHOPPING, RESTAURANTS, CIVIC CENTER, PARKS AND SCHOOLS. THERE ARE TWO STUDIO UNITS AND THREE 2 BEDROOM 1 BATH UNITS. BUYER TO VERIFY AND SATISFY THEMSELVES WITH REGARD TO CONDITION, AGE, SQUARE FOOTAGE, ETC. DRIVE BY ONLY. INSIDE INSPECTION BY APPOINTMENT.

Last Agent to Sell the Property

Phil Davis

OC Homes Realty License #01870791 Listed on: 07/23/2015

Last Buyer's Agent

Tricia Cerda

RE/MAX Empire Properties License #01098061

RE/MAX Empire Properties
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,748 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 5 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,500 Sq Ft Home
  • Carpet
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Property is near park
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 418062006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $720
  • Insurance Expense $684
  • Trash Expense $1,308
  • Water Sewer Expense $2,352
  • New Taxes Expense $919
  • Gross Income $3,916
  • Net Operating Income $40,296

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

9,748 Sq Ft Lot

Listing Details

  • CapRate: 10.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2352.00
  • Property Type: Residential Income
  • Parcel Number: 418062006
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 111.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 1308.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Level, Lot 6500-9999, Park Nearby
  • Lot Size Sq Ft: 9748.00
  • Price Per Lot Square Foot: 39.91
  • Lot Size Acres: 0.2240

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 3916.00
  • Gross Scheduled Income: 46992.00
  • Insurance Expense: 684.00
  • Lot Size Area: 9748.0000 Square Feet
  • Net Operating Income: 40296.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 5
  • Operating Expense: 6696.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 919.00
  • Tax Lot: 9
  • Tax Tract Number: 0000
  • Tax Year: 2014

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
Dec 14, 2020
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
$302,000
Outstanding Balance
$263,240
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 23, 2015
Closed on
Aug 26, 2015
Sold by
Bought by
Seller's Agent
Phil Davis
OC Homes Realty
Buyer's Agent
Tricia Cerda
RE/MAX Empire Properties
List Price
$389,000
Sold Price
$389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,300
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2011
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
$10,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2001
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
-- Ticor Title Company Of Ca
$389,000 Landwood Title
-- 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 $302,000
Previous Owner $272,300
Previous Owner $10,000
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
10/16/2015 10/16/15 Sold $389,000 0.0% $111 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $389,000 -- $111 / 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 $9,089 $469,699 $120,744 $348,955
2025 $9,089 $460,490 $118,377 $342,113
2023 $9,562 $442,610 $113,781 $328,829
2022 $5,832 $433,932 $111,550 $322,382
2021 $6,082 $425,424 $109,363 $316,061
2020 $5,982 $421,063 $108,242 $312,821
2019 $6,277 $412,808 $106,120 $306,688
2018 $5,554 $404,715 $104,040 $300,675
2017 $5,468 $396,780 $102,000 $294,780
2016 $5,325 $389,000 $100,000 $289,000
2015 $919 $63,673 $9,468 $54,205
2014 $919 $62,429 $9,284 $53,145
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15161038

California Regional Multiple Listing Service (CRMLS)
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