NOT LISTED FOR SALE

640 Ward St La Habra, CA 90631

6 Beds
6 Baths
3,200 Sq Ft
7,845 Sq Ft Lot Lot

Sale Details

Date Sold: February 1, 2022

Last sale price $1,200,000 $375 Per Sq Ft

1 Day on Market

Highlights

  • Cul-De-Sac
  • Sonora High School Rated A
  • Level Lot

About This Home

As of February 2022

Orange County 4 Plex Investment Opportunity Located in La Habra. Property is composed of 2 x 2 Bed/1 Bath units and 2 X 1 Bed/1 Bath Unit. Long Term Stable Tenants with onsite gates parking. Kitchen and Bath Upgrades throughout most of the Units Coin operated Laundry that brings in additional income. This is a perfect opportunity for an Exchange Client or First Time Investor that wants to enter a stable income property market.

Last Agent to Sell the Property

Brendan Maun

TMG Realty License #01883063 Listed on: 12/31/2021

Last Buyer's Agent

Brendan Maun

TMG Realty License #01883063 Listed on: 12/31/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,845 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Level Lot

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 3,200 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 3450
  • Assessor Parcel Number 30309120

Community Details

Building Details

  • 3 Leased Units
  • Electric Expense $240
  • Gardener Expense $840
  • Insurance Expense $1,500
  • Other Expense $1,229
  • Pest Control $250
  • Professional Management Expense $4,800
  • Trash Expense $2,672
  • Water Sewer Expense $2,400
  • New Taxes Expense $13,200
  • Operating Expense $23,000
  • Gross Income $68,902
  • Net Operating Income $42,162

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,845 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.50
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 30309120
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 375.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 250.00
  • Sewer: Public Sewer
  • Trash Expense: 2672.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Level with Street
  • Lot Size Sq Ft: 7845.00
  • Lot Size Acres: 0.1801

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 68902.00
  • Gross Multiplier: 17.57
  • Gross Operating Income: 64866.00
  • Gross Scheduled Income: 68280.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 622.00
  • Lot Size Area: 7845.0000 Square Feet
  • Net Operating Income: 42162.00
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 23000.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1229.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 49200.00
  • Total Expenses: 23000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Census Tract: 14.01
  • Tax Lot: 6
  • Tax Tract Number: 3450
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
02/01/2022 02/01/22 Sold $1,200,000 0.0% $375 / Sq Ft
12/31/2021 12/31/21 For Sale $1,200,000 +155.3% $375 / Sq Ft
07/11/2012 07/11/12 Sold $470,000 -18.3% $147 / Sq Ft View Prior Sale
05/08/2012 05/08/12 Pending -- -- --
02/18/2011 02/18/11 For Sale $575,000 -- $180 / 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
2025 $16,457 $1,379,802 $1,151,793 $228,009
2024 $15,762 $1,352,748 $1,129,209 $223,539
2023 $15,400 $1,224,000 $1,107,068 $116,932
2022 $8,925 $723,564 $616,097 $107,467
2021 $8,782 $709,377 $604,017 $105,360
2020 $8,699 $702,104 $597,824 $104,280
2019 $6,624 $518,833 $409,794 $109,039
2018 $6,515 $508,660 $401,759 $106,901
2017 $6,403 $498,687 $393,882 $104,805
2016 $6,257 $488,909 $386,159 $102,750
2015 $6,086 $481,566 $380,359 $101,207
2014 $5,912 $472,133 $372,908 $99,225
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21270362

California Regional Multiple Listing Service (CRMLS)
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