NOT LISTED FOR SALE
2 Beds
2 Baths
3,584 Sq Ft
8,810 Sq Ft Lot

Last Sold April 02, 2013

Last sale price $865,000 $241 Per Sq Ft

16 Days on Market

Highlights

  • Corner Lot
  • Marine View Middle Rated A-
  • Laundry Room

About This Home

As of April 2013

Spacious Floor Plans: Every apartment is approximately 900 square feet, consisting of 2 bedrooms and 2 bathrooms which make these units more desirable to potential tenants. 30 Year Fixed Rate Financing: Each 4-Plex is situated on its own separate parcel qualifying the property for residential financing, allowing an investor to finance each parcel individually and lock in todays historical low rates for 30 years. Immaculately Maintained: Several interior and exterior renovations have been completed that are evident throughout offering a new buyer a turn key, lower maintenance operation. Strong Rents from quality, well selected tenants in place. Well Located: Only 4.8 miles from the famous Huntington Beach Pier. This strong rental location allows tenants convenient access to the 405 Freeway, a variety of shops on Beach Blvd., nearby Bella Terra shopping center and Oakview Elementary School. Enclosed Garages: Each tenant is assigned one single car garage. 4-PLEX NEXT DOOR ALSO FOR SALE (7801 Mandrell Dr.) CAN BE PURCHASED AS A PACKAGE.

Last Agent to Sell the Property

Ignacio Diaz Jr

Investment Capital Real Estate License #01379930 Listed on: 02/09/2013

Last Buyer's Agent

Ignacio Diaz Jr

Investment Capital Real Estate License #01379930 Listed on: 02/09/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,810 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,584 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 06
  • Tax Tract Number 221
  • Assessor Parcel Number 16522106

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $1,200
  • Insurance Expense $1,140
  • Maintenance Expense $1,200
  • Trash Expense $1,392
  • Water Sewer Expense $2,364
  • New Taxes Expense $10,380
  • Gross Income $5,500
  • Net Operating Income $46,924

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.42
  • Other Phone Description: 949-201-8817
  • Property Attached: Yes
  • Water Sewer Expenses: 2364.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 16522106
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 241.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1392.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8810.00
  • Lot Size Acres: 0.2020

Multi Family

  • Average2 Bed Area: 896
  • Electric Expense: 480.00
  • Gross Income: 5500.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1140.00
  • Lot Size Area: 8810.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 46924.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19496.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Vacancy Allowance: 1980
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10380.00
  • Tax Lot: 06
  • Tax Tract Number: 221
  • Tax Year: 2011

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2013 04/02/13 Sold $865,000 0.0% $241 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
02/09/2013 02/09/13 For Sale $865,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13020435

California Regional Multiple Listing Service (CRMLS)

APN: 165-221-06