$1,100,000
SOLD NOV 20, 2024
8 Beds
6 Baths
3,124 Sq Ft
5,102 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

6% Below List Price

18 Days on Market

Highlights

  • Laundry Room
  • 4 Car Garage
  • Level Lot
  • Central Heating and Cooling System
  • Wrought Iron Fence
  • 1-Story Property

About This Home

As of November 2024

Great newer construction duplex built in 2016. Each unit is approximately 1560 sf with 4 bedrooms and 3 baths and 2 car garages. Property comes with central air & heat, interior laundry, upgraded kitchen cabinets and countertops. Separate gas and electric meters. Tenants pay all utilities except Water/Sewer. Great location near shopping, transportation, airports, sporting events and freeways. This duplex could make a great addition to your investment portfolio.

Last Agent to Sell the Property

Steve Patton

HCM Real Estate Brokerage Phone: 949-351-9750 License #01263345 Listed on: 09/28/2024

Co-Listed By

Lenny Spangler

HCM Real Estate Brokerage Phone: 949-351-9750 License #01209777

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,411

Year Built

  • Built in 2016

Lot Details

  • 5,102 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 3,124 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 1477
  • Tax Tract Number 6
  • Assessor Parcel Number 6029006021

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,428
  • Maintenance Expense $8,532
  • Trash Expense $4,710
  • Water Sewer Expense $4,710
  • New Taxes Expense $9,232
  • Operating Expense $28,607
  • Gross Income $103,680
  • Net Operating Income $75,073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,411

Year Built

Built in 2016

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Inclusions: Appliances
  • Price Per Unit: 587500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 4710.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6029006021
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 352.11

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 4710.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5102.00
  • Lot Size Acres: 0.1171

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 103680.00
  • Gross Scheduled Income: 103680.00
  • Insurance Expense: 1428.00
  • Lot Size Area: 5102.0000 Square Feet
  • Maintenance Expense: 8532.00
  • Net Operating Income: 75073.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 28607.00
  • Rent Control: No
  • Total Expenses: 28607.00

Tax Info

  • New Taxes Expense: 9232.00
  • Tax Census Tract: 2398.01
  • Tax Lot: 1477
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2024
Closed on
Nov 12, 2024
Sold by
Pott Alan M and Pott Barbara M
Bought by
Choi Kyu Whan and Choi Irene
Seller's Agent
Steve Patton
HCM Real Estate
List Price
$1,175,000
Sold Price
$1,100,000
Premium/Discount to List
-$75,000
-6.38%
Views
3
Current Estimated Value
$1,114,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,279
Avg. Annual Appreciation
1.94%
Original Mortgage
$825,000
Outstanding Balance
$820,305
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$293,974

Purchase Details

Listed on
Jun 1, 2016
Closed on
Jul 1, 2016
Sold by
Lajoma Corporation
Bought by
Pott Alan M and Pott Barbara M
Seller's Agent
Joe Vivanco
Keller Williams SELA
Buyer's Agent
Steve Patton
HCM Real Estate
List Price
$649,000
Sold Price
$659,000
Premium/Discount to List
$10,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$527,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 18, 2015
Closed on
Sep 4, 2015
Sold by
Smith Nadine
Bought by
Lajoma Corporation
Seller's Agent
Kevin Smith
KANMCO
Buyer's Agent
Kevin Smith
KANMCO
List Price
$235,000
Sold Price
$240,000
Premium/Discount to List
$5,000
2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
203.43%

Purchase Details

Closed on
Sep 14, 2006
Sold by
Gosey Naboth
Bought by
Gosey Naboth and Naboth Gosey Revocable Living Trust
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,100,000 Lawyers Title Company
Grant Deed $659,000 Wfg
Grant Deed $240,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $825,000 New Conventional
Previous Owner $527,000 Adjustable Rate Mortgage/ARM
Previous Owner $330,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2025 03/06/25 Off Market $3,995 -- --
01/21/2025 01/21/25 For Rent $3,995 0.0% --
01/08/2025 01/08/25 For Rent $3,995 0.0% --
01/08/2025 01/08/25 Price Changed $3,995 -7.5% $3 / Sq Ft
12/10/2024 12/10/24 Off Market $4,320 -- --
11/20/2024 11/20/24 Sold $1,100,000 0.0% $352 / Sq Ft
11/05/2024 11/05/24 For Rent $4,320 0.0% --
10/22/2024 10/22/24 For Sale $1,175,000 0.0% $376 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
09/28/2024 09/28/24 For Sale $1,175,000 +78.3% $376 / Sq Ft
08/12/2016 08/12/16 Sold $659,000 +1.5% $206 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $649,000 +170.4% $203 / Sq Ft
09/16/2015 09/16/15 Sold $240,000 +2.1% $244 / Sq Ft
08/22/2015 08/22/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $235,000 -- $239 / 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 $9,411 $749,823 $446,026 $303,797
2023 $9,232 $735,122 $437,281 $297,841
2022 $8,807 $720,708 $428,707 $292,001
2021 $8,687 $706,577 $420,301 $286,276
2019 $8,430 $685,622 $407,836 $277,786
2018 $8,347 $672,180 $399,840 $272,340
2016 $3,017 $240,000 $188,400 $51,600
2015 $477 $26,873 $12,621 $14,252
2014 $488 $26,347 $12,374 $13,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24195360

California Regional Multiple Listing Service (CRMLS)

APN: 6029-006-021