NOT LISTED FOR SALE
10 Beds
6 Baths
3,748 Sq Ft
7,405 Sq Ft Lot

Last Sold May 26, 2021

Last sale price $1,700,000 $454 Per Sq Ft

281 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near park
  • Lawn
  • Horace Ensign Intermediate School Rated A
  • Main Floor Bedroom
  • Neighborhood Views

About This Home

As of May 2021

Turnkey investment in high appreciation market. This 4-unit property has recently been renovated with a new roof, exterior paint electric system, windows, and security system. The interior of the 4-units have new laminate flooring, new paint and updated kitchen and bath with all new appliances. Located in central Orange County with close proximity to the beach, Triangle Square, South Coast Plaza and 17th Street Boutiques and restaurants.

Last Agent to Sell the Property

Amin Zameni

Regency Real Estate Brokers License #00825621 Listed on: 06/24/2020

Last Buyer's Agent

Brennan Harms

Premier Pacific Properties License #02011669

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Sprinkler System
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Turnkey

Interior Spaces

  • 3,748 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Sliding Doors
  • Family Room
  • Laminate Flooring
  • Neighborhood Views
  • Home Security System
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Property is near park

Utilities

  • Central Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 20
  • Tax Tract Number 3517
  • Assessor Parcel Number 42405403

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $434
  • Fuel Expense $2,050
  • Gardener Expense $900
  • Insurance Expense $1,860
  • Trash Expense $2,324
  • Water Sewer Expense $2,310
  • New Taxes Expense $15,086
  • Operating Expense $24,964
  • Gross Income $8,600
  • Net Operating Income $78,536

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 4.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Security System
  • Subdivision Name Other: //
  • View: Yes
  • Water Sewer Expenses: 2310.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 42405403
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 453.58
  • Room Type: Family Room, Galley Kitchen, Kitchen, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Cooktop, Microwave
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2324.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 434.00
  • Fuel Expense: 2050.00
  • Gross Income: 8600.00
  • Gross Scheduled Income: 103500.00
  • Insurance Expense: 1860.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 78536.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Operating Expense: 24964.00
  • Rent Control: No
  • Total Expenses: 24964.00

Tax Info

  • New Taxes Expense: 15086.00
  • Tax Census Tract: 636.05
  • Tax Lot: 20
  • Tax Tract Number: 3517
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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
05/26/2021 05/26/21 Sold $1,700,000 -2.9% $454 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $1,750,000 0.0% $467 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
06/24/2020 06/24/20 Price Changed $1,750,000 +1.4% $467 / Sq Ft
06/24/2020 06/24/20 For Sale $1,725,000 -- $460 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,847 $1,840,134 $1,623,649 $216,485
2024 $20,847 $1,804,053 $1,591,812 $212,241
2023 $20,268 $1,768,680 $1,560,600 $208,080
2022 $19,677 $1,734,000 $1,530,000 $204,000
2021 $15,231 $1,332,523 $1,232,244 $100,279
2020 $15,086 $1,318,860 $1,219,609 $99,251
2019 $12,052 $1,032,150 $551,954 $480,196
2018 $11,822 $1,011,912 $541,131 $470,781
2017 $11,621 $992,071 $530,521 $461,550
2016 $11,369 $972,619 $520,119 $452,500
2015 $11,254 $958,010 $512,306 $445,704
2014 $10,992 $939,244 $502,270 $436,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20119659

California Regional Multiple Listing Service (CRMLS)