NOT LISTED FOR SALE

790 N Kraemer Blvd Placentia, CA 92870

2 Beds
1 Bath
8,383 Sq Ft
1.25 Acres

Last Sold March 18, 2016

Last sale price $2,900,000 $346 Per Sq Ft

48 Days on Market

About This Home

As of March 2016

790 North Kraemer Boulevard is a 10-unit single-story multifamily investment property in the city of Placentia, California. The property consists of three residential buildings on 1.25 acres of land. Built in 1965, the property possesses ten, two-bedroom/one-bath units all with large backyards. The property provides a laundry facility with additional laundry hookups, gated entry. The property also provides ample parking at just over a three spaces per unit parking ratio including 16 garage spaces and 19 open spaces.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 12/10/2015

Last Buyer's Agent

Robert Hwang

Robert Hwang, Broker License #01700119

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 1.25 Acre Lot
  • No Common Walls

Parking

  • 16 Car Garage

Home Design

  • 8,383 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 400
  • Assessor Parcel Number 34023118

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Electric Expense $4,062
  • Gardener Expense $2,400
  • Insurance Expense $2,500
  • Maintenance Expense $5,000
  • Other Expense $1,500
  • Professional Management Expense $3,600
  • Trash Expense $4,062
  • Water Sewer Expense $4,062
  • New Taxes Expense $34,967
  • Gross Income $16,165
  • Net Operating Income $125,543

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

16

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: No
  • Water Sewer Expenses: 4062.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 34023118
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 345.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 51.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 4062.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 54450.00
  • Price Per Lot Square Foot: 53.26
  • Lot Size Acres: 1.2500

Multi Family

  • Electric Expense: 4062.00
  • Gross Income: 16165.00
  • Gross Scheduled Income: 197580.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 54450.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 125543.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 66217.00
  • Other Expense: 1500.00
  • Other Expense Description: MISC
  • Rent Control: No
  • Total Actual Rent: 16165.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 34967.00
  • Tax Lot: 18
  • Tax Tract Number: 400

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2016 03/18/16 Sold $2,900,000 -3.2% $346 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
12/10/2015 12/10/15 For Sale $2,995,000 -- $357 / 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 $38,286 $3,433,011 $2,900,306 $532,705
2024 $38,286 $3,365,698 $2,843,438 $522,260
2023 $37,646 $3,299,704 $2,787,684 $512,020
2022 $37,354 $3,235,004 $2,733,023 $501,981
2021 $36,737 $3,171,573 $2,679,434 $492,139
2020 $36,830 $3,139,053 $2,651,960 $487,093
2019 $35,548 $3,077,503 $2,599,960 $477,543
2018 $35,121 $3,017,160 $2,548,980 $468,180
2017 $34,556 $2,958,000 $2,499,000 $459,000
2016 $25,983 $2,174,622 $1,656,855 $517,767
2015 $25,664 $2,141,958 $1,631,968 $509,990
2014 $9,613 $681,893 $338,905 $342,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15260546

California Regional Multiple Listing Service (CRMLS)