NOT LISTED FOR SALE

8031 Chapman Ave Stanton, CA 90680

Stanton Area
13 Beds
9 Baths
13,412 Sq Ft
0.74 Acre Lot

Sale Details

Date Sold: December 12, 2012

Last sale price $2,700,000 $201 Per Sq Ft

67 Days on Market

Highlights

  • 0.74 Acre Lot
  • Wood Flooring
  • No Heating
  • Contemporary Architecture

About This Home

As of December 2012

Great high demand rental area. 22 Very nice well kept units with 32 parking spaces, laundry room and storage building. No rent control ith a Huge upside on rents. Individual gas and electric meters. Laundry room. Close to freeways and all services. Please Drive by only.

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 09/29/2012

Last Buyer's Agent

James Vu

Join Realty License #01335340

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 32,388 Sq Ft Lot
  • Lot Dimensions are 90x359

Parking

  • 32 Parking Spaces

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 13,412 Sq Ft Home
  • Wood Flooring
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 9 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 371
  • Assessor Parcel Number 13124135

Community Details

Overview

  • 22 Units

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $960
  • Insurance Expense $4,061
  • Maintenance Expense $17,000
  • Pest Control $600
  • Trash Expense $4,200
  • Water Sewer Expense $12,000
  • New Taxes Expense $34,025
  • Gross Income $21,415
  • Net Operating Income $161,306

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.74 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.21
  • View: No
  • Water Sewer Expenses: 12000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 13124135
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 201.31

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 32.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Pest Control Expense: 600.00
  • Trash Expense: 4200.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 90x359
  • Lot Size Sq Ft: 32388.00
  • Lot Size Acres: 0.7440

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 21415.00
  • Gross Multiplier: 11.87
  • Gross Scheduled Income: 260760.00
  • Insurance Expense: 4061.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 17000.00
  • Net Operating Income: 161306.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 86416.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 34025.00
  • Tax Area: 17011
  • Tax Lot: 13
  • Tax Tract Number: 371

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
Sep 29, 2012
Closed on
Dec 18, 2012
Sold by
Bought by
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
James Vu
Join Realty
List Price
$3,095,000
Sold Price
$2,700,000
Premium/Discount to List
-$395,000
-12.76%

Purchase Details

Closed on
Oct 3, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2004
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
$1,700,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 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
$1,300,000
Interest Rate
4.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1998
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
$975,000
Interest Rate
6.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 1998
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
$975,000
Interest Rate
6.89%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Stanton, CA

See All Agents

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
-- None Available
$2,700,000 First American Title Company
-- --
$2,400,000 Fidelity National Title Oran
$1,995,000 Orange Coast Title
-- Equity Title Company
$291,000 --
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
Previous Owner $1,700,000
Previous Owner $1,300,000
Previous Owner $975,000
Previous Owner $150,000
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
12/12/2012 12/12/12 Sold $2,700,000 -12.8% $201 / Sq Ft
12/05/2012 12/05/12 Pending -- -- --
09/29/2012 09/29/12 For Sale $3,095,000 -- $231 / 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 $44,407 $3,391,350 $3,021,790 $369,560
2025 $44,407 $3,324,853 $2,962,539 $362,314
2024 $43,085 $3,259,660 $2,904,450 $355,210
2023 $42,260 $3,195,746 $2,847,500 $348,246
2022 $41,617 $3,133,085 $2,791,667 $341,418
2021 $41,238 $3,071,652 $2,736,928 $334,724
2020 $40,743 $3,040,156 $2,708,864 $331,292
2019 $39,798 $2,980,546 $2,655,749 $324,797
2018 $39,154 $2,922,104 $2,603,675 $318,429
2017 $38,616 $2,864,808 $2,552,622 $312,186
2016 $37,087 $2,808,636 $2,502,571 $306,065
2015 $36,638 $2,766,448 $2,464,980 $301,468
2014 $35,472 $2,712,258 $2,416,695 $295,563
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P836613

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.