Seller's Agent in 2012
Ruben Khorsandi
Alliance Investment RE Group
(949) 250-0400
6 Total Sales
7221 Trask Ave West Minster, CA 92683
3
Beds
2
Baths
17,685
Sq Ft
15
Acres
Highlights
- 15 Acre Lot
- Wood Siding
- No Heating
- Westminster High School Rated A
About This Home
As of April 2012PRIDE OF OWNERSHIP -- SINGLE STORY GATED COMPLEX LOCATED IN A RESIDENTIAL NEIGHBORHOOD. VIRTUALLY NO DEFERRED MAINTENANCE. The property sits on over an acre of land with lush landscaping and has a great unit mix of both 1 & 2 bedroom units. The property is 100% occupied (with a waiting list) and was just painted in Nov 2011. The (2) gates are operated electronically with each tenant having their own remote control to enter / exit the premises. The property has COPPER PLUMBING. Ample parking in the rear of the complex. Seller is motivated. The Cap Rate on actuals is 6.64%. This is a great, low maintenance turnkey investment giving an investor a healthy cash on cash return of about 8% (+/-$100,000/year). The property is very stable with virtually no vacancy over the last few years. BUYER ONLY NEEDS 29% DOWN PAYMENT!
Last Agent to Sell the Property
Alliance Investment RE Group License #01085411 Listed on: 12/05/2011
Last Buyer's Agent
Alliance Investment RE Group License #01085411 Listed on: 12/05/2011
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 15 Acre Lot
- Lot Dimensions are 116x454
Parking
- 43 Parking Spaces
Home Design
- 17,685 Sq Ft Home
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 1
- Assessor Parcel Number 09603129
Community Details
Overview
- 2 Buildings
- 26 Units
Building Details
- 26 Leased Units
- 26 Separate Electric Meters
- 26 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,200
- Gardener Expense $1,800
- Insurance Expense $4,279
- Trash Expense $3,178
- Water Sewer Expense $5,133
- New Taxes Expense $41,429
- Gross Income $28,950
- Net Operating Income $245,719
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2012 04/19/12 | Sold | $3,635,000 | -1.7% | $206 / Sq Ft |
| 04/19/2012 04/19/12 | Pending | -- | -- | -- |
| 12/05/2011 12/05/11 | For Sale | $3,699,000 | -- | $209 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $58,481 | $4,565,763 | $4,069,796 | $495,967 |
| 2024 | $58,481 | $4,476,239 | $3,989,996 | $486,243 |
| 2023 | $56,497 | $4,388,470 | $3,911,761 | $476,709 |
| 2022 | $55,583 | $4,302,422 | $3,835,060 | $467,362 |
| 2021 | $54,264 | $4,218,061 | $3,759,862 | $458,199 |
| 2020 | $53,626 | $4,174,810 | $3,721,309 | $453,501 |
| 2019 | $53,065 | $4,092,951 | $3,648,342 | $444,609 |
| 2018 | $53,028 | $4,012,698 | $3,576,806 | $435,892 |
| 2017 | $51,107 | $3,934,018 | $3,506,672 | $427,346 |
| 2016 | $49,565 | $3,856,881 | $3,437,914 | $418,967 |
| 2015 | $48,725 | $3,798,948 | $3,386,274 | $412,674 |
| 2014 | $47,646 | $3,724,532 | $3,319,941 | $404,591 |
Source: Public Records
Agents Affiliated with this Home
-
Ruben Khorsandi
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S681618
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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