NOT LISTED FOR SALE

700 W Florence Ave La Habra, CA 90631

Estimated Value: $719,000 - $987,000

4 Beds
2 Baths
1,800 Sq Ft
$463/Sq Ft Est. Value

Last Sold July 21, 2017

Last sale price $577,500 $321 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,064/month

6 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Living Room
  • La Habra High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of July 2017

LOOKING FOR ALL INVESTORS!!! This 2 bedroom duplex offers an amazing opportunity. Both units have been rehabbed and the rental income is excellent. The interior of Unit 700 was completely renovated earlier this year and 704 (rear) was done in 2015. The improvements include: all new copper plumbing, sewer hookups, brand new kitchen, paint, carpet, window coverings, ceilings are scraped, laundry hookup in the kitchen and gas dryer hookup in the garage and new windows and doors. The property has such low maintenance that the owners' expenses are limited to water and insurance! The property is located in a friendly well kept neighborhood that is only a block away from La Habra High School and a short walk to Walnut Elementary. Middle school for the neighborhood is Washington Middle School, approximately 1.5 miles away. Each unit has a garage and there is additional parking available alongside each unit. The yard in the back is huge and there is a potential for the back home to be expanded. The property has been in the sellers' "family" for years and they have never had any long term vacancies. Don't wait!!! This will go fast!!

Last Agent to Sell the Property

Ann Stefanucci

Coldwell Banker Realty License #00635764 Listed on: 04/21/2017

Coldwell Banker Realty

Last Buyer's Agent

Frank Valenzuela

UNITED BROKERS REALTY License #01023504

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,539

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 8,067 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Shared Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,800 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Living Room

Kitchen

  • Gas Cooktop
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 12
  • Assessor Parcel Number 02245163

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,862
  • Operating Expense $9,262
  • Gross Income $37,800
  • Net Operating Income $32,319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,539

Year Built

Built in 1957 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.88
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: La Habra HS
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 02245163
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Formica Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 320.83
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Shared Driveway, Concrete, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 8067.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 912 Square Feet
  • Gross Income: 37800.00
  • Gross Multiplier: 14.50
  • Gross Operating Income: 35910.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 900.00
  • Net Operating Income: 32319.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 3591.00
  • Operating Expense Percent: 10.00
  • Rent Control: No
  • Total Actual Rent: 3150.00
  • Total Expenses: 9262.00
  • Vacancy Allowance: 1890
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6862.00
  • Tax Census Tract: 12.01
  • Tax Lot: 5
  • Tax Tract Number: 12.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2017
Sold by
Barkley John and Barkley Barbara
Bought by
Christmas Virginia
Current Estimated Value
$832,619

Purchase Details

Closed on
Jan 22, 2015
Sold by
Barkley Kristen J and Barkley Gregory J
Bought by
Barkley John and Barkley Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,200
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2003
Sold by
Barkley Kristen J and Barkley Gregory J
Bought by
Barkley Gregory J and Barkley Kristen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.75%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 2002
Sold by
Westphal Arland R and Westphal Winnifred G
Bought by
Westphal Kristin J and Barkley Gregory J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Christmas Virginia $577,500 Western Resources Title Comp
Barkley John $375,000 Orange Coast Title Company
Barkley Gregory J -- Financial Title Company
Westphal Kristin J $195,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barkley John $281,200
Previous Owner Barkley Kristen J $88,400
Previous Owner Barkley Gregory J $423,750
Previous Owner Barkley Gregory J $100,000
Previous Owner Barkley Gregory J $299,000
Previous Owner Barkley Gregory J $236,000
Previous Owner Barkley Gregory J $11,000
Previous Owner Westphal Kristin J $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2017 07/21/17 Sold $577,500 +5.2% $321 / Sq Ft
04/28/2017 04/28/17 For Sale $549,000 -4.9% $305 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
04/24/2017 04/24/17 Off Market $577,500 -- --
04/21/2017 04/21/17 For Sale $549,000 -- $305 / 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 $7,539 $657,094 $589,864 $67,230
2024 $7,539 $644,210 $578,298 $65,912
2023 $7,366 $631,579 $566,959 $64,620
2022 $7,290 $619,196 $555,843 $63,353
2021 $7,172 $607,055 $544,944 $62,111
2020 $7,105 $600,831 $539,356 $61,475
2019 $6,909 $589,050 $528,780 $60,270
2018 $6,793 $577,500 $518,411 $59,089
2017 $4,728 $388,332 $322,309 $66,023
2016 $4,618 $380,718 $315,989 $64,729
2015 $3,827 $313,319 $239,518 $73,801
2014 $3,716 $307,182 $234,826 $72,356
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17086376

California Regional Multiple Listing Service (CRMLS)

APN: 022-451-63