NOT LISTED FOR SALE

8421 Tamaru Dr Huntington Beach, CA 92647

2 Beds
1 Bath
3,600 Sq Ft
7,405 Sq Ft Lot

Last Sold June 05, 2014

Last sale price $830,000 $231 Per Sq Ft

25 Days on Market

Highlights

  • Laundry Room
  • Ocean View High Rated A-
  • Wall Furnace

About This Home

As of June 2014

This is an excellent opportunity to own an easy to manage and low cost building in Huntington Beach. This investment property is located in a desirable rental neighborhood surrounded by single family homes. It not only provides a reasonable return on investment, but also has an upside potential for development. It has four 2-bedrooms with1-bath. All units are rented. It has very low utility bills, management expense and maintenance cost. Each unit gets lots of air and light. Each unit has one enclosed garage with easy access from alley.

Last Agent to Sell the Property

Frank Farsai

Farain Farsai, Broker License #00956939 Listed on: 03/10/2014

Last Buyer's Agent

Frank Farsai

Farain Farsai, Broker License #00956939 Listed on: 03/10/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 108 x 70
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • 3,600 Sq Ft Home
  • Cosmetic Repairs Needed
  • Slab Foundation

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 5030
  • Assessor Parcel Number 10766506

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $300
  • Insurance Expense $1,200
  • Professional Management Expense $2,700
  • Trash Expense $2,100
  • Water Sewer Expense $1,860
  • New Taxes Expense $10,800
  • Gross Income $5,200
  • Net Operating Income $43,716

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.15
  • Professional Management Expense: 2700.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1860.00
  • Zoning: RMH
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 10766506
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 230.56

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 2100.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Lot Size: 108 X 70
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 900
  • Electric Expense: 300.00
  • Gross Income: 5200.00
  • Gross Multiplier: 13.60
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 43716.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1557.00
  • Rent Control: No
  • Total Actual Rent: 5200.00

Tax Info

  • New Taxes Expense: 10800.00
  • Tax Lot: 10
  • Tax Tract Number: 5030
  • Tax Year: 2013

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
06/05/2014 06/05/14 Sold $830,000 -2.2% $231 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $849,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2014

    Frank Farsai

    Farain Farsai, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14049372

California Regional Multiple Listing Service (CRMLS)

APN: 107-665-06

California Orange County Huntington Beach 92647

8421 Tamaru Dr, Huntington Beach, CA

This home is located at 8421 Tamaru Dr, Huntington Beach, CA 92647 since 10 March 2014. This property was built in 1964. 8421 Tamaru Dr is a home located in Orange County with nearby schools including Vista View Middle School, Ocean View High, and Sycamore Creek Community Charter School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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