NOT LISTED FOR SALE
5 Beds
4 Baths
14,715 Sq Ft
1.45 Acre Lot

Sale Details

Date Sold: March 31, 2017

Last sale price $1,855,000 $126 Per Sq Ft

104 Days on Market

Highlights

  • 63,162 Sq Ft lot
  • Property is near public transit
  • 1-Story Property

About This Home

As of March 2017

The property is located on the southwest corner of Victoria Avenue and Pacific Avenue, approximately 1 mile to the 210 Freeway on & off ramps. A beautiful single family home along with 18 additional apartments, many with private balconies. A great mix of 9 one bedroom at 600 square feet each and 9 two bedroom with 720 square feet each. There are 20 separate garages, as well as 22 additional overflow spaces. Laundry facility on site.***Please Do Not Disturb Tenants***Drive By Only***Thank You
Surrounding area consists if single family, multi-family units, mobile home parks and vacant lots. The City`s location is very community oriented, with a focus on recreation and education. Highland has and extensive trail system, linking the City to the Santa Ana River Trails.

Last Agent to Sell the Property

Fayez Henein

Greenleaf Realty License #00897642 Listed on: 11/15/2016

Last Buyer's Agent

Robert Huang

DYNASTY REAL ESTATE License #01887827

DYNASTY REAL ESTATE
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 1.45 Acre Lot
  • Two or More Common Walls

Parking

  • 20 Car Garage

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 14,715 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 74
  • Assessor Parcel Number 1191231010000

Community Details

Overview

  • 7 Buildings
  • 19 Units

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Insurance Expense $7,032
  • Maintenance Expense $1,500
  • Other Expense $1,500
  • Pest Control $900
  • Trash Expense $4,320
  • Water Sewer Expense $9,000
  • New Taxes Expense $24,000
  • Operating Expense $50,402
  • Gross Income $174,240
  • Net Operating Income $117,758

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

1.45 Acres

Parking

20

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9000.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 1191231010000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 126.06

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 20.00
  • Total Parking Spaces: 20.00

Utilities

  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 4320.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Near Public Transit
  • Lot Size Sq Ft: 63162.00

Multi Family

  • Electric Expense: 1440.00
  • Gross Income: 174240.00
  • Gross Operating Income: 168160.00
  • Gross Scheduled Income: 173280.00
  • Insurance Expense: 7032.00
  • Laundry Income: 2640.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 117758.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 19
  • Operating Expense: 50402.00
  • Other Expense: 1500.00
  • Rent Control: No
  • Total Expenses: 50402.00

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Lot: 1
  • Tax Tract Number: 0074.0

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 20, 2021
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
$1,719,000
Outstanding Balance
$1,548,174
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 15, 2016
Closed on
Mar 9, 2017
Sold by
Bought by
Seller's Agent
Fayez Henein
Greenleaf Realty
Buyer's Agent
Robert Huang
DYNASTY REAL ESTATE
List Price
$1,990,000
Sold Price
$1,855,000
Premium/Discount to List
-$135,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2014
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
$500,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 1, 2004
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
$1,040,000
Interest Rate
5.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 1998
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
-- Old Republic Title Company
$1,855,000 Fidelity Tilte
-- Fidelity Title
$1,500,000 Fidelity National Title Co
-- First American
-- --
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 $1,719,000
Closed $1,000,000
Previous Owner $1,200,000
Previous Owner $500,000
Previous Owner $1,040,000
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
03/31/2017 03/31/17 Sold $1,855,000 -6.8% $126 / Sq Ft
11/15/2016 11/15/16 For Sale $1,990,000 -- $135 / 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 $27,147 $2,195,945 $503,114 $1,692,831
2025 $27,147 $2,152,887 $493,249 $1,659,638
2024 $26,602 $2,110,673 $483,577 $1,627,096
2023 $25,952 $2,069,287 $474,095 $1,595,192
2022 $26,035 $2,028,713 $464,799 $1,563,914
2021 $26,120 $1,988,934 $455,685 $1,533,249
2020 $26,224 $1,968,540 $451,013 $1,517,527
2019 $25,421 $1,929,942 $442,170 $1,487,772
2018 $25,124 $1,584,399 $396,100 $1,188,299
2017 $20,467 $1,553,332 $388,333 $1,164,999
2016 $19,864 $1,522,875 $380,719 $1,142,156
2015 $20,232 $1,121,979 $229,496 $892,483
2014 $14,826 $1,100,000 $225,000 $875,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16735371

California Regional Multiple Listing Service (CRMLS)
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