Cyrus Mohseni
Responds Quickly
The Keystone Team
(657) 341-0810
185 Total Sales
4 in Westminster
$1M - $1.1M Price Range
7221 Trask Ave West Minster, CA 92683
Westminster Area
3
Beds
2
Baths
17,685
Sq Ft
15
Acre Lot
Highlights
- 15 Acre Lot
- Wood Siding
- No Heating
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
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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
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
May 24, 2019
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
$4,200,000
Outstanding Balance
$3,614,864
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 5, 2011
Closed on
Feb 27, 2012
Sold by
Bought by
Seller's Agent
Ruben Khorsandi
Alliance Investment RE Group
Buyer's Agent
Ruben Khorsandi
Alliance Investment RE Group
List Price
$3,699,000
Sold Price
$3,635,000
Premium/Discount to List
-$64,000
-1.73%
Purchase Details
Closed on
Jun 24, 2011
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
$2,550,000
Interest Rate
4.55%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 12, 2005
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
$2,450,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 23, 2003
Sold by
Bought by
Purchase Details
Closed on
Sep 29, 2003
Sold by
Bought by
Purchase Details
Closed on
Sep 8, 2003
Sold by
Bought by
Purchase Details
Closed on
Jun 10, 2003
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
$2,000,000
Interest Rate
6.22%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 24, 2001
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
$1,520,000
Interest Rate
5.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 9, 1997
Sold by
Bought by
Purchase Details
Closed on
Jun 25, 1997
Sold by
Bought by
Purchase Details
Closed on
Apr 17, 1997
Sold by
Bought by
Purchase Details
Closed on
Oct 26, 1995
Sold by
Bought by
Purchase Details
Closed on
Sep 26, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Minster, CA
-
Cyrus Mohseni
-
Robert Esparza
Robert Esparza
Transunited Realty Group
(562) 242-3550
66 Total Sales
1 in Westminster
$765,000 Price
-
Alan Cirson
Alan Cirson
The Cirson Team
(949) 569-5527
65 Total Sales
9 in Westminster
$899K - $1.2M Price Range
-
Connie Lear
Connie Lear
Rainbow Ridge Realty
(760) 965-3183
14 Total Sales
1 in Westminster
$960,000 Price
-
Genelle Rich-Easterby
Genelle Rich-Easterby
Responds QuicklyKELLER WILLIAMS BIG BEAR
(951) 800-3477
43 Total Sales
2 in Westminster
$917,000 Price Range
-
Leslie Gomez
Leslie Gomez
Keller Williams Realty
(424) 567-6860
60 Total Sales
1 in Westminster
$885,000 Price
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 |
|---|---|---|---|
| -- | Fidelity National Title | ||
| $1,108,500 | Lawyers Title Company | ||
| -- | Fidelity National Title Co | ||
| $3,650,000 | Ticor Title Fullerton | ||
| -- | -- | ||
| -- | -- | ||
| -- | Commonwealth Land Title Co | ||
| -- | Commonwealth Land Title | ||
| $3,090,000 | Commonwealth Land Title Co | ||
| $1,950,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| $1,000,000 | -- | ||
| -- | -- | ||
| -- | -- |
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 | $4,200,000 | ||
| Previous Owner | $2,480,000 | ||
| Previous Owner | $2,550,000 | ||
| Previous Owner | $2,500,000 | ||
| Previous Owner | $2,450,000 | ||
| Previous Owner | $2,000,000 | ||
| Previous Owner | $1,520,000 |
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 |
|---|---|---|---|---|
| 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
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 | $59,356 | $4,657,078 | $4,151,192 | $505,886 |
| 2025 | $59,356 | $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
Seller's Agent in 2012
Ruben Khorsandi
Alliance Investment RE Group
(949) 250-0400
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S681618
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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