NOT LISTED FOR SALE

Estimated Value: $1,242,000 - $1,582,780

4 Beds
3 Baths
1,500 Sq Ft
$929/Sq Ft Est. Value

Last Sold October 31, 2021

Last sale price $1,195,000 $797 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,754/month

3 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Rectangular Lot
  • Hope View Elementary School Rated A-
  • Laundry Room
  • Vinyl Fence

About This Home

As of October 2021

OPPORTUNITY ZONE – a developer’s dream investment! Income-producing duplex located on a cul-de-sac street approximately 4 miles to downtown in a fantastic rental area in the heart of Huntington Beach. Two detached homes on a large lot offer redevelopment and value-add opportunities! Unit A features a recently fresh and on-trend remodel with white shaker cabinets, beautiful Quartz counters, Stainless Steel Appliances, and matte black hardware and finishes throughout, including ceiling fans in both bedrooms and luxury vinyl plank flooring. This front unit is outfitted with an en-suite that includes a gorgeous ¾ bath and sizeable walk-in closet, a guest bedroom with a full bath across the hall, a spacious living room, a separate dining area, and ample kitchen counters and cabinetry, and a private side yard with vinyl fencing. Unit B is also remodeled and features 2 bedrooms, 1 bath with an enormous back yard with newer back block wall fencing, and a grapefruit tree! Both units additionally feature newer PEX plumbing, LED recessed lighting, in-unit laundry, dual-paned windows, freshly painted exteriors, and two parking spaces in between the units. All appliances including laundry are owned by the seller and included in the sale. Plans available upon request to build a 3rd carriage-style unit featuring an ideal 2 beds/2 bath layout, approximately, 1200 sqft. Situated close to restaurants, shopping, schools, and more.

Last Agent to Sell the Property

Brad Clark

Prestige Realty License #01841321 Listed on: 08/20/2021

Last Buyer's Agent

Danny Nguyen

Smart Choice Realty License #01271379

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,889

Year Built

  • Built in 1957

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Block Wall Fence
  • Rectangular Lot
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Flat Roof Shape
  • Raised Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 18
  • Tax Tract Number 5
  • Assessor Parcel Number 16530131

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $850
  • New Taxes Expense $13,950
  • Operating Expense $16,000
  • Gross Income $57,480
  • Net Operating Income $41,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,889

Year Built

Built in 1957

Lot Details

0

Listing Details

  • CapRate: 3.47
  • Price Per Unit: 597500
  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 16530131
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 796.67
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Roof: Flat, Rolled/Hot Mop

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Lot 6500-9999, Rectangular Lot, Yard
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 57480.00
  • Gross Scheduled Income: 57480.00
  • Insurance Expense: 850.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 41480.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 16000.00
  • Rent Control: No
  • Total Actual Rent: 4790.00
  • Total Expenses: 16000.00

Tax Info

  • New Taxes Expense: 13950.00
  • Tax Census Tract: 994.02
  • Tax Lot: 18
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Nov 24, 2021
Sold by
Vu Lan N
Bought by
Lxiam Llc
Seller's Agent
Brad Clark
Prestige Realty
Buyer's Agent
Danny Nguyen
Smart Choice Realty
List Price
$1,195,000
Sold Price
$1,195,000
Current Estimated Value
$1,394,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,195
Avg. Annual Appreciation
4.56%

Purchase Details

Closed on
Aug 27, 2021
Sold by
Clark Bradley T and Morello Alysa L
Bought by
Vu Lan N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$597,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2021
Sold by
Clark Bradley T and Morello Alysa L
Bought by
Clark Bradley Teal and Morello Alysa Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,800
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2016
Sold by
Clark Bradley T and Morello Alysa L
Bought by
Clark Bradley T and Morello Alysa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,600
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2015
Sold by
Clark William Teal and Clark Bradley T
Bought by
The Clark Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2014
Sold by
Clark Bradley and Morello Alysa
Bought by
Clark Bradley T and Morelllo Alysa L

Purchase Details

Closed on
Oct 31, 2013
Sold by
Clark William Teal
Bought by
Clark William Teal and Clark Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2013
Sold by
Wallace Mai
Bought by
Clark William Teal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2008
Sold by
Swick Randall Thomas
Bought by
Wallace Mai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2008
Sold by
Chrouk Sok Huon
Bought by
Swick Randall Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2007
Sold by
Chrouk Sok Huon
Bought by
Chrouk Sok Huon and Pan Richard K

Purchase Details

Closed on
Oct 25, 2006
Sold by
Pan Richard
Bought by
Chrouk Sok Huon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Penn Raymond
Bought by
Pan Richard

Purchase Details

Closed on
Jul 19, 2005
Sold by
Pan Richard K
Bought by
Penn Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 7, 2004
Sold by
Mcdowell Micheil F
Bought by
Pan Richard K

Purchase Details

Closed on
Mar 29, 2002
Sold by
Wise Steven E
Bought by
Mcdowell Micheil F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2001
Sold by
Keeler Robert W
Bought by
Wise Steven E and Skyler Nola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lxiam Llc -- None Available
Vu Lan N $1,195,000 Ticor Ttl Orange Cnty Branch
Clark Bradley Teal -- Chicago Title
Clark Bradley Teal -- Chicago Title
Clark Bradley T -- Accommodation
Clark Bradley T -- Ticor Title
The Clark Family Trust -- First American Title Company
Clark Bradley T -- None Available
Clark William Teal -- None Available
Clark William Teal $500,000 Ticor Title Tustin Orange Co
Wallace Mai -- Accommodation
Wallace Mai -- None Available
Swick Randall Thomas $495,000 Ticor Title Tustin Orange Co
Chrouk Sok Huon -- None Available
Chrouk Sok Huon $900,000 Alliance Title Company
Pan Richard -- None Available
Penn Raymond -- New Century Title Company Or
Pan Richard K -- --
Mcdowell Micheil F $330,000 Orange Coast Title
Wise Steven E $230,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vu Lan N $120,000
Previous Owner Vu Lan N $597,500
Previous Owner Clark Bradley T $250,000
Previous Owner Clark Bradley Teal $385,800
Previous Owner Clark Bradley T $146,700
Previous Owner Clark Bradley T $421,600
Previous Owner The Clark Family Trust $420,000
Previous Owner Clark William Teal $375,000
Previous Owner Swick Randall Thomas $396,000
Previous Owner Chrouk Sok Huon $720,000
Previous Owner Chrouk Sok Huon $180,000
Previous Owner Penn Raymond $540,000
Previous Owner Penn Raymond $135,000
Previous Owner Mcdowell Micheil F $500,000
Previous Owner Mcdowell Micheil $454,750
Previous Owner Mcdowell Micheil F $382,500
Previous Owner Mcdowell Micheil F $264,000
Previous Owner Wise Steven E $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2021 10/31/21 Sold $1,195,000 0.0% $797 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $1,195,000 -- $797 / 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 $13,889 $1,243,278 $1,183,073 $60,205
2024 $13,889 $1,218,900 $1,159,875 $59,025
2023 $13,839 $1,218,900 $1,159,875 $59,025
2022 $13,640 $1,195,000 $1,137,132 $57,868
2021 $7,185 $607,616 $546,762 $60,854
2020 $7,105 $601,386 $541,155 $60,231
2019 $6,984 $589,595 $530,545 $59,050
2018 $6,829 $578,035 $520,142 $57,893
2017 $6,722 $566,701 $509,943 $56,758
2016 $6,450 $555,590 $499,944 $55,646
2015 $5,951 $509,990 $457,901 $52,089
2014 $5,835 $500,000 $448,931 $51,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21170011

California Regional Multiple Listing Service (CRMLS)

APN: 165-301-31