NOT LISTED FOR SALE

Estimated Value: $736,015 - $896,000

12 Beds
12 Baths
5,460 Sq Ft
$149/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $2,965,000 $543 Per Sq Ft

Current estimated payment $5,068/month

32 Days on Market

Highlights

  • No Units Above
  • 0.35 Acre Lot
  • Laundry Room
  • Western High School Rated A-
  • No HOA
  • Central Air

About This Home

As of June 2023

AMAZING INVESTMENT OPPORTUNITY. RARE NEW DEVELOPMENT. Only 4 years old fourplex in a good area of Stanton city. The property was built brand new in 2018 with high ceiling, solid condition inside out, super nice and clean property. There are total of 4 units, each unit is built with a townhouse set up. Each has 3 beds, 3 baths, 3 cars garage and comes with an additional parking spot on the outside right next to it, making it total of 4 parkings per unit. Furthermore, there are plenty of parking spaces along the wall on the property since there are large and spacious driving way. NO HOA. Each unit has its own laundry station and front yard area for the enjoyment of the tenants. Beautifully built and designed with large and open entertainment space between the kitchen and the living room. All unit has down-stair master bedroom which provides conveniency for senior tenant. 3 of the units good long term tenants in place, all who are up to date on rents. One unit is being used for shorter term rental which generates good income. Nice property located in a good area, plenty of parkings on site and extra on the street if needs to. It was a breeze when the current owner looked for tenants to rent, so many phone calls everything is rented within a week so you know you would not have any problem looking for tenants here. All tenants are currently on month to month or less than a year lease. Currently monthly expenses for gardening, common area water and electricity are total at only $400/month. HURRY BEFORE IT'S GONE. THERE AREN'T MANY BEAUTIFUL NEW DEVELOPMENT LIKE THIS AROUND.

Last Agent to Sell the Property

Vincent Hinh

First Team Real Estate License #02071442 Listed on: 04/06/2023

First Team Real Estate

Last Buyer's Agent

Vincent Hinh

First Team Real Estate License #02071442 Listed on: 04/06/2023

First Team Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,909

Year Built

  • Built in 2018

Lot Details

  • No Units Above
  • No Units Located Below
  • 1 Common Wall

Parking

  • 12 Car Garage

Interior Spaces

  • 5,460 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 51
  • Tax Tract Number 87
  • Assessor Parcel Number 93620496
  • $461 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $150
  • Gardener Expense $150
  • Water Sewer Expense $100
  • Operating Expense $400
  • Gross Income $12,400

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,909

Year Built

Built in 2018

Lot Details

0

Parking

12

Listing Details

  • CapRate: 4.00
  • Price Per Unit: 799720
  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Sub Type: Townhouse
  • Property Type: Residential Income
  • Gardener Expense: 150.00
  • Parcel Number: 93620496
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: Two
  • Price Per Square Foot: 543.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 12400.00
  • Gross Scheduled Income: 12400.00
  • Lot Size Area: 15246.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Expenses: 400.00

Tax Info

  • Tax Census Tract: 878.02
  • Tax Lot: 51
  • Tax Tract Number: 087...
  • TaxOtherAnnualAssessmentAmount: 461.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jun 6, 2023
Sold by
Vo Kim
Bought by
Topline Trust and Vo
Seller's Agent
Vincent Hinh
First Team Real Estate
Buyer's Agent
Vincent Hinh
First Team Real Estate
List Price
$3,198,880
Sold Price
$2,965,000
Premium/Discount to List
-$233,880
-7.31%
Total Days on Market
32
Views
160
Current Estimated Value
$815,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,149,746
Avg. Annual Appreciation
-47.90%
Original Mortgage
$555,937
Outstanding Balance
$544,075
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$271,179

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 26, 2023
Sold by
Socal Investment Llc
Bought by
Vo Kim
Seller's Agent
Vincent Hinh
First Team Real Estate
Buyer's Agent
Vincent Hinh
First Team Real Estate
List Price
$3,198,880
Sold Price
$2,965,000
Premium/Discount to List
-$233,880
-7.31%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,937
Outstanding Balance
$544,075
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$271,179

Purchase Details

Closed on
Sep 1, 2021
Sold by
Pham Phin and Lam Tony
Bought by
Lam Tony and Pham Phin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
2.87%
Source: Public Records

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Range of Values:

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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
Topline Trust -- Accommodation/Courtesy Recordi
Vo Kim $741,500 Provident Title
Lam Tony -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vo Kim $555,937
Previous Owner Lam Tony $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2023 06/08/23 Sold $2,965,000 -7.3% $543 / Sq Ft
04/06/2023 04/06/23 For Sale $3,198,880 -- $586 / 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
2024 $8,909 $756,075 $478,999 $277,076
2023 $8,384 $714,000 $455,862 $258,138
2022 $4,263 $342,860 $105,443 $237,417
2021 $4,302 $336,138 $103,376 $232,762
2020 $4,243 $332,692 $102,316 $230,376
2019 $4,130 $326,169 $100,310 $225,859
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23054084

California Regional Multiple Listing Service (CRMLS)

APN: 936-204-96