NOT LISTED FOR SALE
10 Beds
6 Baths
4,000 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: May 27, 2016

Last sale price $1,010,000 $252 Per Sq Ft

46 Days on Market

Highlights

  • Reservoir in Community
  • Main Floor Bedroom
  • Corner Lot
  • Property is near park and public transit
  • Spanish Architecture
  • Granite Countertops

About This Home

As of May 2016

Amazing Investor Opportunity – this is the one you have been looking for! Located at the end of a cul-de-sac, this Fourplex is situated on a desirable extra large lot, with a GSI of approx. $80,000 per year. The undeveloped portion of the lot boasts endless options for the savvy investor! The four units consist of two - 3 Bedroom 2 Bathroom units, and two - 2 Bedroom 1 Bathroom units with long term great tenants. Three of the four units have been upgraded throughout featuring tile floors, remodeled granite or tile kitchen counter tops, stainless or white appliances, nice wood cabinets, and custom tile showers. Units A and B also have new forced air heaters, and Unit D has new windows. This property includes a laundry room with coin operated washer and dryer, that accounts for approx. $300 per month of the GSI, and a seperate large storage room. There is also a large shared open courtyard with 808 E. Balsam. This property features no HOA Dues, low maintenance costs, and a low tax rate of approx. 1.17%. Close to parks, schools, shopping, and freeways, and centrally located to Disneyland, Anaheim Convention Center, Knott's Berry Farm, Honda Center, Angels Stadium, and Cal State Fullerton. This is an investors dream that you don’t want to miss!

Last Agent to Sell the Property

Kerri Adams

Realty One Group West License #01004378 Listed on: 02/27/2016

Realty One Group West

Co-Listed By

John Adams

Realty One Group West License #01949681

Last Buyer's Agent

Kim Zander

ReMax Tiffany Real Estate License #01453337

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 11,500 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Brick Fence
  • Stucco Fence
  • Landscaped
  • Corner Lot
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers

Home Design

  • Spanish Architecture
  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,000 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Window Screens
  • Family Room with Fireplace
  • Storage
  • Utility Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Guest Parking
  • Parking Lot

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near park and public transit

Utilities

  • Forced Air Heating System
  • Gas Water Heater
  • Central Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 10
  • Tax Tract Number 5703
  • Assessor Parcel Number 26701113

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Reservoir in Community

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $420
  • Gardener Expense $540
  • Insurance Expense $1,075
  • Other Expense $10,850
  • Pest Control $624
  • Water Sewer Expense $1,500
  • Gross Income $6,568
  • Net Operating Income $62,607

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0.26 Acres

Listing Details

  • Assessments: Yes
  • Inclusions: Washer and Dryer
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 26701113
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Storage, Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 252.50
  • Room Type: Family Room, Main Floor Bedroom, Walk-In Closet, Utility Room
  • Window Features: Blinds, Drapes, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Lighting
  • Fencing: Brick, Stucco Wall, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered, Carport, Guest, On Site, Parking Space
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Water Heater Central
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Pest Control Expense: 624.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Lot 10000-19999 Sqft, Paved, Park Nearby, Corner Lot, Sprinklers In Front, Near Public Transit
  • Lot Size Sq Ft: 11500.00
  • Price Per Lot Square Foot: 87.83
  • Lot Size Acres: 0.2640

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 6568.00
  • Gross Scheduled Income: 78816.00
  • Insurance Expense: 1075.00
  • Lot Size Area: 11500.0000 Square Feet
  • Net Operating Income: 62607.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 2
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 16209.00
  • Other Expense: 10850.00
  • Other Expense Description: Taxes
  • Rent Control: No
  • Total Actual Rent: 6270.00
  • Waterfront Features: Reservoir in Community

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 5703

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2016
Closed on
Apr 19, 2016
Sold by
Bought by
Seller's Agent
Kerri Adams
Realty One Group West
Buyer's Agent
Kim Zander
ReMax Tiffany Real Estate
List Price
$1,049,900
Sold Price
$1,010,000
Premium/Discount to List
-$39,900
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$707,000
Outstanding Balance
$545,825
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
5.94%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
5.94%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,250
Interest Rate
4.06%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,010,000 California Title Company
-- None Available
-- None Available
-- Lawyers Title Company
$925,000 Lawyers Title Company
-- Lawyers Title Company
-- Stewart Title
-- Stewart Title
$683,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $707,000
Previous Owner $684,590
Previous Owner $704,000
Previous Owner $740,000
Previous Owner $512,250
Previous Owner $322,000
Previous Owner $222,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $1,010,000 -3.8% $253 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
02/27/2016 02/27/16 For Sale $1,049,900 -- $262 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,695 $1,219,545 $1,040,758 $178,787
2025 $13,956 $1,195,633 $1,020,351 $175,282
2024 $13,956 $1,172,190 $1,000,344 $171,846
2023 $13,662 $1,149,206 $980,729 $168,477
2022 $13,489 $1,126,673 $961,499 $165,174
2021 $13,512 $1,104,582 $942,646 $161,936
2020 $13,456 $1,093,256 $932,980 $160,276
2019 $13,057 $1,071,820 $914,686 $157,134
2018 $12,788 $1,050,804 $896,751 $154,053
2017 $12,287 $1,030,200 $879,167 $151,033
2016 $11,174 $913,725 $756,362 $157,363
2015 $11,076 $900,000 $745,000 $155,000
2014 $10,588 $900,000 $745,000 $155,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16040783

California Regional Multiple Listing Service (CRMLS)

APN: 267-011-13

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