NOT LISTED FOR SALE
-- Bed
-- Bath
5,628 Sq Ft
1983 Built

Last Sold April 30, 2013

Last sale price $1,630,000 $290 Per Sq Ft

174 Days on Market

Highlights

  • Central Heating
  • Wood Siding
  • Carpet
  • Horace Ensign Intermediate School Rated A

About This Home

As of April 2013

6 Condominium on two separate building, one on 675 18th street with 4 units, one on 674 Park street with 2 units. Property is noted as Condominium ,with their own APN number:930-61-429,430,431,432,433,434. Each unit with 2 bedrooms, 2 baths and 2 car garage down below. each unit with approximate 938 sqft living space ,and have their own Washer/Dryer hookups, separate meters for gas, electric and water, Rent low due to mostly long term tenant, all units have been rented, rent from $1450-$1600,future value by selling condos individually, close to Newport Beach, Shopping, Triangle Square, Restaurants, Jobs.

Last Agent to Sell the Property

Grace Huang

Presidential Incorporated License #00966678 Listed on: 09/05/2012

Last Buyer's Agent

Nora Yeh

Harvest Realty License #00886750

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Parking

  • 12 Car Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • 5,628 Sq Ft Home
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range with Range Hood
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 1
  • Tax Tract Number 11326
  • Assessor Parcel Number 42426118

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $900
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Other Expense $5,000
  • Professional Management Expense $6,480
  • Trash Expense $4,800
  • Water Sewer Expense $900
  • New Taxes Expense $13,194
  • Gross Income $9,000
  • Net Operating Income $86,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

12

Listing Details

  • Assessments: No
  • CapRate: 4.82
  • Professional Management Expense: 6480.00
  • View: No
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 42426118
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 289.62

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: No
  • Parking Features: Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Disposal, Range Hood, Range
  • Heating Type: Central
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Annually

Rental Info

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

Multi Family

  • Average2 Bed Area: 938
  • Electric Expense: 900.00
  • Gross Income: 9000.00
  • Gross Multiplier: 16.66
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 86720.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Operating Expense: 21280.00
  • Other Expense: 5000.00
  • Other Expense Description: repair
  • Total Actual Rent: 108000.00

Tax Info

  • New Taxes Expense: 13194.00
  • Tax Area: 15015
  • Tax Lot: 1
  • Tax Tract Number: 11326

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
04/30/2013 04/30/13 Sold $1,630,000 -9.4% $290 / Sq Ft
02/26/2013 02/26/13 Pending -- -- --
09/05/2012 09/05/12 For Sale $1,799,000 -- $320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 -- -- -- --
2024 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S711388

California Regional Multiple Listing Service (CRMLS)