NOT LISTED FOR SALE

7420 Maple St West Minster, CA 92683

12 Beds
5 Baths
24,162 Sq Ft
2.05 Acres Lot

Sale Details

Date Sold: January 28, 2016

Last sale price $6,500,000 $269 Per Sq Ft

111 Days on Market

Highlights

  • No Units Above
  • 2.05 Acre Lot
  • Property is near park and public transit
  • Helen Stacey Intermediate School Rated A-
  • Contemporary Architecture
  • No HOA

About This Home

As of January 2016

Back on the market. One of a kind offering - 24 residential units. 6 4-plexes in good condition on an almost rectangular 89,298 sq ft, gated, cul-de-sac lot (2.05 acres) in a very desirable, high demand, well maintained rental area. Close to Sigler Park, public transportation, shopping & restaurants. Perfect opportunity to build condos/townhouses. This property is being sold strictly AS IS. Seller will do no work of any kind. No termite. All roofs replaced about 5 years ago. Buyer to make own investigations & satisfy him/herself as to condition. Rents are low with some units being under OC Housing Authority. OC Housing Authority Section 8 contracts are tenant based not project based. 40 carports, 3 converted to garages & ample guest parking. Composition: 12 3 bedrooms, 1.75 baths units; 12 2 bedrooms, 1.75 baths units. Seller is not doing an IRC 1031 Tax Deferred Exchange - going down & out. Will cooperate with buyer's 1031 exchange with no added costs to Seller.

Last Agent to Sell the Property

Young Fisher

Coldwell Banker Best Realty License #00776687 Listed on: 07/24/2015

Coldwell Banker Best Realty

Last Buyer's Agent

Young Fisher

Coldwell Banker Best Realty License #00776687 Listed on: 07/24/2015

Coldwell Banker Best Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 2.05 Acre Lot
  • Lot Dimensions are 191' x 471'
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Cul-De-Sac
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage
  • 37 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 24,162 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting

Location

  • Property is near park and public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 37
  • Tax Tract Number 846
  • Assessor Parcel Number 09614124

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 24 Units

Amenities

  • Laundry Facilities

Building Details

  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $4,800
  • Insurance Expense $6,797
  • Maintenance Expense $3,600
  • Professional Management Expense $24,000
  • Trash Expense $5,244
  • Water Sewer Expense $7,200
  • New Taxes Expense $72,895
  • Gross Income $35,250
  • Net Operating Income $296,424

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

2.05 Acres

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.42
  • Professional Management Expense: 24000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 7200.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 4800.00
  • Parcel Number: 09614124
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 269.02
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 37.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 80.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Gas Water Heater
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 5244.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Cul-De-Sac, 11-15 Units/Acre, Level, Rectangular Lot, Lot Over 40000 Sqft, Paved, Park Nearby, Sprinkler System, Near Public Transit, Utilities - Overhead
  • Lot Size: 191' x 471'
  • Lot Size Sq Ft: 89298.00
  • Price Per Lot Square Foot: 72.79
  • Lot Size Acres: 2.0500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1100
  • Electric Expense: 1500.00
  • Gross Income: 35250.00
  • Gross Multiplier: 15.84
  • Gross Scheduled Income: 423000.00
  • Insurance Expense: 6797.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 89298.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 296424.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 24
  • Number With Disposal: 24
  • Number With Range: 24
  • Operating Expense: 126576.00
  • Rent Control: No
  • Total Actual Rent: 34750.00

Tax Info

  • New Taxes Expense: 72895.00
  • Tax Lot: 37
  • Tax Tract Number: 846
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
01/28/2016 01/28/16 Sold $6,500,000 -23.5% $269 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
07/24/2015 07/24/15 For Sale $8,500,000 -- $352 / 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
2025 $92,786 $7,694,682 $5,682,230 $2,012,452
2024 $92,786 $7,543,806 $5,570,813 $1,972,993
2023 $89,641 $7,395,889 $5,461,582 $1,934,307
2022 $88,271 $7,250,872 $5,354,492 $1,896,380
2021 $86,165 $7,108,699 $5,249,502 $1,859,197
2020 $82,148 $6,762,600 $4,993,920 $1,768,680
2019 $81,240 $6,630,000 $4,896,000 $1,734,000
2018 $84,195 $6,762,600 $4,993,920 $1,768,680
2017 $81,018 $6,630,000 $4,896,000 $1,734,000
2016 $47,528 $3,655,070 $2,313,317 $1,341,753
2015 $46,734 $3,600,168 $2,278,569 $1,321,599
2014 $45,713 $3,529,646 $2,233,935 $1,295,711
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15162806

California Regional Multiple Listing Service (CRMLS)
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