NOT LISTED FOR SALE
14 Beds
8 Baths
5,934 Sq Ft
6,098 Sq Ft Lot

Last Sold February 17, 2023

Last sale price $2,220,000 $374 Per Sq Ft

245 Days on Market

About This Home

As of February 2023

PRICED TO SELL VERY QUICKLY!!

TURKEY PROPERTY!! SOME UNITS CAN BE DELIVERED VACANT! GREAT OPPURTUNITY TO OWN 6 LARGE TWO AND THREE BEDROOM UNITS ON A CORNER LOT IN A QUIET RESIDENTIAL NEIGHBORHOOD OF SANTA ANA. ALL UNITS HAVE PRIVATE PATIO OR BALCONY, BRAND NEW FLOORING AND PAINT, AND OPEN FLOOR PLANS. 3 OF 6 UNITS HAVE VAULTED CEILINGS. NEW 2BED/1BATH LEASE JUST SIGNED AT $2550!

BRAND NEW CENTRAL WATER HEATER, NEW WINDOWS AND SLIDING PATIO DOORS, AND ROOF IS 4 YEARS OLD. PLENTY OF PARKING AND LAUNDRY ROOM ON-SITE, THIS IS A PRIDE OF OWNERSHIP ASSET PRICED TO SELL QUICKLY!

Last Agent to Sell the Property

Randall Mycorn

R L M Equities License #02078223 Listed on: 04/18/2022

Last Buyer's Agent

Alexander Duarte

First Team Real Estate License #01970077

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,934 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 14 / C
  • Tax Tract Number 269
  • Assessor Parcel Number 01113212
  • $1,467 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $409
  • Fuel Expense $2,835
  • Gardener Expense $1,100
  • Insurance Expense $2,075
  • Maintenance Expense $2,100
  • Other Expense $1,000
  • Trash Expense $7,750
  • Water Sewer Expense $7,796
  • New Taxes Expense $27,000
  • Operating Expense $50,911
  • Gross Income $965
  • Net Operating Income $140,950

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.20
  • Price Per Unit: 379167
  • Property Attached: Yes
  • Water Sewer Expenses: 7796.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 01113212
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 374.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 7750.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Average2 Bed Area: 966 Square Feet
  • Average3 Bed Area: 1050 Square Feet
  • Electric Expense: 409.00
  • Fuel Expense: 2835.00
  • Gross Income: 965.00
  • Gross Multiplier: 11.00
  • Gross Operating Income: 191861.00
  • Gross Scheduled Income: 197765.00
  • Insurance Expense: 2075.00
  • Laundry Income: 965.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 2100.00
  • Net Operating Income: 140950.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 50911.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 50911.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Block: C
  • Tax Census Tract: 745.01
  • Tax Lot: 14
  • Tax Tract Number: 269
  • TaxOtherAnnualAssessmentAmount: 1467.00

Range of Values:

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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 Change Sq Ft Price
02/17/2023 02/17/23 Sold $2,220,000 -2.4% $374 / Sq Ft
11/07/2022 11/07/22 Price Changed $2,275,000 -2.7% $383 / Sq Ft
10/07/2022 10/07/22 For Sale $2,339,000 +5.4% $394 / Sq Ft
08/31/2022 08/31/22 Off Market $2,220,000 -- --
08/23/2022 08/23/22 Price Changed $2,105,000 0.0% $355 / Sq Ft
08/23/2022 08/23/22 For Sale $2,105,000 -5.2% $355 / Sq Ft
04/19/2022 04/19/22 Off Market $2,220,000 -- --
04/18/2022 04/18/22 For Sale $2,275,000 -- $383 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22078212

California Regional Multiple Listing Service (CRMLS)

APN: 011-132-12