NOT LISTED FOR SALE

Estimated Value: $972,019 - $1,066,000

8 Beds
4 Baths
3,200 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 29, 2020

Last sale price $665,000 $208 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,959/month

1 Day on Market

About This Home

As of January 2020

This property is a fantastic opportunity. In a quiet and cozy neighborhood just off the freeway, this lovely four-plex sits next to both an elementary school and a high school. There are 4 units, two up and two down, each with 2 bedrooms and 1 bathroom with a generous floor plan. This attractive income property boasts low to non-existent vacancy, a great choice for the investor.

Last Agent to Sell the Property

Asia Vo

Asia Vo, Broker License #01924356 Listed on: 12/12/2019

Last Buyer's Agent

Alina Ceausu

Legends Realty License #01872057

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,228 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,200 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 403
  • Assessor Parcel Number 182040021

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $150
  • Trash Expense $50
  • Water Sewer Expense $150
  • Operating Expense $400
  • Gross Income $4,500
  • Net Operating Income $4,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,228 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 150.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 182040021
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 207.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7228.00
  • Lot Size Acres: 0.1659

Multi Family

  • Gross Income: 4500.00
  • Gross Scheduled Income: 4500.00
  • Insurance Expense: 150.00
  • Lot Size Area: 7228.0000 Square Feet
  • Net Operating Income: 4500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 400.00
  • Rent Control: No
  • Total Expenses: 400.00

Tax Info

  • Tax Area: 028109
  • Tax Census Tract: 403.01
  • Tax Lot: 5
  • Tax Tract Number: 403.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2023
Sold by
Ceausu Stephen Peter
Bought by
Axe Rathke 2021 Trust
Current Estimated Value
$1,020,755

Purchase Details

Closed on
Aug 26, 2022
Sold by
Lane Law Group Inc
Bought by
Ceausu Stephen Peter

Purchase Details

Closed on
May 11, 2021
Sold by
Ceausu Stephen Peter
Bought by
Axe Rathke 2021 Trust and Lane Law Group Inc

Purchase Details

Listed on
Dec 12, 2019
Closed on
Jan 3, 2020
Sold by
Phung Anh V
Bought by
Ceausu Stephen
Seller's Agent
Asia Vo
Asia Vo, Broker
Buyer's Agent
Alina Ceausu
Legends Realty
List Price
$679,000
Sold Price
$665,000
Premium/Discount to List
-$14,000
-2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$498,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2016
Closed on
May 10, 2016
Sold by
Estevez Miguel
Bought by
Phung Anh
Seller's Agent
Cecilia Hernandez
First Union Real Estate
Buyer's Agent
Trung Vu
Asia Vo, Broker
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$371,250
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 15, 2016
Closed on
Mar 30, 2016
Sold by
Vu Tu Anh
Bought by
Phung Anh
Seller's Agent
Cecilia Hernandez
First Union Real Estate
Buyer's Agent
Trung Vu
Asia Vo, Broker
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2007
Sold by
Estevez Miguel and Gonzalez Miguel
Bought by
Estevez Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
8.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2002
Sold by
Hud
Bought by
Gonzalez Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,250
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2001
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Oct 2, 2001
Sold by
Wilburn Matthew
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Nov 8, 1999
Sold by
Singh Rajpal
Bought by
Wilburn Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,009
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 1999
Sold by
Hud
Bought by
Singh Rajpal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,009
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 1999
Sold by
Mendez Luis
Bought by
Old Kent Mtg Company

Purchase Details

Closed on
Dec 28, 1998
Sold by
Old Kent Mtg Company
Bought by
Hud

Purchase Details

Closed on
Nov 5, 1997
Sold by
Hvg Holding Group Inc
Bought by
Mendez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,005
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1997
Sold by
Guzman Vanesa
Bought by
H V G Holding Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,005
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 1996
Sold by
Guzman Humberto and Guzman Clara
Bought by
Guzman Vanesa

Purchase Details

Closed on
Oct 10, 1995
Sold by
Coast Federal Bank Fsb
Bought by
Guzman Humberto and Guzman Clara

Purchase Details

Closed on
Apr 13, 1995
Sold by
Ahn John Y and Ahn Ramona
Bought by
Coast Federal Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Axe Rathke 2021 Trust -- --
Ceausu Stephen Peter -- None Listed On Document
Axe Rathke 2021 Trust -- None Listed On Document
Ceausu Stephen $665,000 Fidelity Natl Ttl Orange Cnt
Phung Anh $495,000 Lawyers Title
Phung Anh -- Lawyers Title
Estevez Miguel -- Ticor Title Company Of Ca
Gonzalez Miguel $171,000 First American Title Co
Hud -- Landsafe Title
Countrywide Home Loans Inc $157,832 Landsafe Title
Wilburn Matthew $149,000 Orange Coast Title Co
Singh Rajpal $108,000 Orange Coast Title
Singh Rajpal -- Orange Coast Title
Old Kent Mtg Company $193,522 American Title Co
Hud -- American Title Co
Mendez Luis $187,000 Lawyers Title Company
H V G Holding Group Inc -- --
Guzman Vanesa -- --
Guzman Humberto $35,000 Stewart Title Company
Coast Federal Bank Fsb $90,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ceausu Stephen $498,750
Previous Owner Phung Anh $371,250
Previous Owner Estevez Miguel $350,000
Previous Owner Gonzalez Miguel $135,250
Previous Owner Wilburn Matthew $148,009
Previous Owner Mendez Luis $182,005
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2020 01/29/20 Sold $665,000 -2.1% $208 / Sq Ft
12/13/2019 12/13/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $679,000 0.0% $212 / Sq Ft
12/01/2016 12/01/16 Rented $1,150 0.0% --
11/06/2016 11/06/16 For Rent $1,150 +9.5% --
08/15/2016 08/15/16 Rented $1,050 -4.5% --
08/01/2016 08/01/16 For Rent $1,100 0.0% --
05/12/2016 05/12/16 Sold $495,000 -5.7% $155 / Sq Ft View Prior Sale
03/16/2016 03/16/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $525,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,416 $790,704 $187,272 $603,432
2023 $8,416 $760,000 $180,000 $580,000
2022 $7,595 $683,400 $102,000 $581,400
2021 $7,564 $671,889 $101,036 $570,853
2020 $6,049 $535,802 $108,242 $427,560
2019 $6,106 $525,297 $106,120 $419,177
2018 $5,910 $514,998 $104,040 $410,958
2017 $5,849 $504,900 $102,000 $402,900
2016 $2,605 $213,382 $62,390 $150,992
2015 $2,570 $210,178 $61,453 $148,725
2014 $2,403 $206,062 $60,250 $145,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19280771

California Regional Multiple Listing Service (CRMLS)

APN: 182-040-021

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