NOT LISTED FOR SALE

7421 Hazard Ave Westminster, CA 92683

Estimated Value: $1,150,000 - $1,483,000

6 Beds
4 Baths
2,200 Sq Ft
$587/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $1,110,000 $505 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,842/month

48 Days on Market

Highlights

  • Laundry Room
  • Paved or Partially Paved Lot
  • 1-Story Property
  • Helen Stacey Intermediate School Rated A-
  • Back and Front Yard

About This Home

As of October 2021

Wonderful Income Opportunity! This Westminster duplex is the perfect property for either an investor or for someone looking to earn passive income. As you approach the home you will find 2 detached SFR's boasting spacious driveways and attached 2-car garages for both units. The front unit (7421) features 3 bedrooms, 2 bathrooms, and a cozy back patio with lush trees. The back unit (7419) offers 3 bedrooms, 2 bathrooms, and a fully paved back patio. Live in one unit and rent the other! Low maintenance property with zero utilities for the owner. Each unit has its own gas, electric, and water meter. Drive-by and see the potential! Only minutes away from the 405 FWY, Little Saigon, Bella Terra, and so much more!

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 07/09/2021

Keller Williams Realty

Co-Listed By

Vi Mai-Nguyen

Keller Williams Realty License #01913853

Last Buyer's Agent

Cindy Do

Superior Real Estate Group License #01738171

Superior Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,369 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 65
  • Tax Tract Number 846
  • Assessor Parcel Number 09614221

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $11,000
  • Operating Expense $12,000
  • Gross Income $67,200
  • Net Operating Income $55,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 09614221
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 504.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Paved
  • Lot Size Sq Ft: 9369.00
  • Lot Size Acres: 0.2151

Multi Family

  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 9369.0000 Square Feet
  • Net Operating Income: 55200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 12000.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 996.01
  • Tax Lot: 65
  • Tax Tract Number: 846

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 7, 2021
Sold by
Bui Madison Huong and Bui Huong Mai
Bought by
Le Tom Tuong Quoc and Troung Quoc Le
Seller's Agent
Elizabeth Do
Keller Williams Realty
Buyer's Agent
Cindy Do
Superior Real Estate Group
List Price
$1,100,000
Sold Price
$1,110,000
Premium/Discount to List
$10,000
0.91%
Current Estimated Value
$1,292,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,247
Avg. Annual Appreciation
3.63%
Original Mortgage
$697,500
Outstanding Balance
$634,673
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$657,574

Purchase Details

Closed on
Nov 10, 2008
Sold by
Trinh Pha Thi
Bought by
Bui Huong Mai

Purchase Details

Closed on
Jul 21, 2008
Sold by
Trinh Pha Thi and Bui Huong Mai
Bought by
Bui Huong Mai

Purchase Details

Closed on
Apr 24, 2007
Sold by
Trinh Pha Thi
Bought by
Trinh Pha Thi and Bui Huong Mai

Purchase Details

Closed on
Apr 24, 2006
Sold by
Trinh Pha Thi
Bought by
Trinh Pha Thi

Purchase Details

Closed on
Dec 2, 2005
Sold by
Nguyen Thomas
Bought by
Trinh Pha Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 1, 2005
Sold by
Le Ngoc Thi Kieu
Bought by
Trinh Pah Thi

Purchase Details

Closed on
Jun 7, 2004
Sold by
Nguyen Ho
Bought by
Le Ngoc Thi Kieu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
6.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 29, 2004
Sold by
Vantrong Doan and Chung Nguyen Thi
Bought by
Le Ngoe Thi Kieu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
6.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 25, 2003
Sold by
Nguyen Duc
Bought by
Vanvantrong Doan Van and Chung Nguyen Thi

Purchase Details

Closed on
Oct 15, 2002
Sold by
Arganda Guadalupe Michael and Arganda Mary L
Bought by
Nguyen Duc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 1998
Sold by
Arganda Mary L and Arganda Guadalupe M
Bought by
Arganda Guadalupe M and Arganda Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 1995
Sold by
Arganda Mary L
Bought by
Arganda Guadalupe Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Le Tom Tuong Quoc $1,110,000 Lawyers Title Company
Bui Madison Huong -- Lawyers Title Company
Bui Huong Mai -- Usa National Title Company
Bui Huong Mai -- Usa National Title Company
Trinh Pha Thi -- None Available
Trinh Pha Thi -- None Available
Trinh Pha Thi -- Investors Title Company
Trinh Pah Thi $800,000 Investors Title Company
Le Ngoc Thi Kieu -- Orange Coast Title
Le Ngoe Thi Kieu -- Orange Coast Title
Vanvantrong Doan Van -- --
Nguyen Duc $380,000 Commonwealth Title
Arganda Guadalupe Michael -- Commonwealth Title
Arganda Guadalupe M -- --
Arganda Guadalupe Michael -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Tom Tuong Quoc $697,500
Previous Owner Trinh Pha Thi $600,000
Previous Owner Le Ngoc Thi Kieu $427,000
Previous Owner Nguyen Duc $230,000
Previous Owner Arganda Guadalupe M $85,000
Previous Owner Arganda Guadalupe Michael $53,000
Closed Le Ngoc Thi Kieu $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2021 10/18/21 Sold $1,110,000 +0.9% $505 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/08/2021 08/08/21 For Sale $1,100,000 0.0% $500 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $1,100,000 -- $500 / 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 $13,820 $1,155,559 $1,036,137 $119,422
2024 $13,820 $1,132,901 $1,015,820 $117,081
2023 $13,278 $1,110,688 $995,902 $114,786
2022 $13,078 $1,088,910 $976,374 $112,536
2021 $11,909 $990,201 $848,866 $141,335
2020 $11,771 $980,048 $840,162 $139,886
2019 $11,639 $960,832 $823,688 $137,144
2018 $11,180 $901,000 $780,672 $120,328
2017 $8,877 $712,705 $592,377 $120,328
2016 $8,757 $712,705 $592,377 $120,328
2015 $8,613 $702,000 $583,479 $118,521
2014 $8,575 $702,000 $583,479 $118,521
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21150350

California Regional Multiple Listing Service (CRMLS)

APN: 096-142-21