NOT LISTED FOR SALE

Estimated Value: $657,000 - $708,000

2 Beds
1 Bath
3,128 Sq Ft
$216/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $320,000 $102 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $3,935/month

47 Days on Market

Highlights

  • No HOA
  • Accessible Parking
  • Level Lot
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of April 2017

Great investor property. Fully occupied 4plex. Clean! All units the same (2br.- 1ba)aprox. 728 sq.ft. each. Laundry area for tenants and their own carports. Seller is motivated and will look at all reasonable offers. This property has had a recent professional appraisal by Hecker Appraisals. Please drive by only and do not disturb tenants.

Last Agent to Sell the Property

Paula Goodspeed

GOODSPEED GROUP INC. License #01505490 Listed on: 01/26/2017

Co-Listed By

BRENDA TURNER

GOODSPEED GROUP INC. License #01867616

Last Buyer's Agent

Theresa Nguyen

OC Realty & Investments License #01449487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,611

Year Built

  • Built in 1981

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Level Lot

Home Design

  • 3,128 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Conventional Septic

Additional Features

  • Electric Cooktop
  • Laundry Room
  • Accessible Parking

Listing and Financial Details

  • Tax Lot B
  • Tax Tract Number 116
  • Assessor Parcel Number 0410242410000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,556
  • Insurance Expense $1,100
  • New Taxes Expense $2,600
  • Operating Expense $5,956
  • Gross Income $31,200
  • Net Operating Income $25,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,611

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0410242410000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 102.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 11250.00

Multi Family

  • Average2 Bed Area: 728 Square Feet
  • Electric Expense: 1556.00
  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 25244.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 5956.00
  • Rent Control: No
  • Total Expenses: 5956.00

Tax Info

  • New Taxes Expense: 2600.00
  • Tax Census Tract: 100.20
  • Tax Lot: B
  • Tax Tract Number: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2018
Sold by
Nguyen Norman
Bought by
Solano Ramiro and Solano Patricia
Current Estimated Value
$677,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,250
Outstanding Balance
$200,160
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$476,880

Purchase Details

Listed on
Jan 26, 2017
Closed on
Mar 20, 2017
Sold by
Saelak Kevin
Bought by
Nguyen Norman
Seller's Agent
Paula Goodspeed
GOODSPEED GROUP INC.
Buyer's Agent
Theresa Nguyen
OC Realty & Investments
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%

Purchase Details

Closed on
Dec 11, 2014
Sold by
Maldonado Elizabeth Mercedes
Bought by
Shnorhokian Serge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
3.66%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 2014
Sold by
Shnorhokian Serge
Bought by
Saelak Kevin and Saelak Panhoun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
3.66%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2011
Sold by
Shnorhokian Serge
Bought by
Garayan Margarit and Shnorhokian Serge

Purchase Details

Closed on
Sep 18, 2009
Sold by
Maldonado Elizabeth Mercedes
Bought by
Shnorhokian Serge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,269
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Shnorhokian Serge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,269
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2009
Sold by
Hurtado Rosa
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Nov 23, 2005
Sold by
Parker Jay L
Bought by
Hurtado Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2000
Sold by
Parker James L
Bought by
Parker James L and James L Parker Trust

Purchase Details

Closed on
Dec 7, 1999
Sold by
Galyan Rhonda L
Bought by
Parker Jay L and Parker Mitzi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
7.83%

Purchase Details

Closed on
Oct 8, 1997
Sold by
Ballard James M
Bought by
Galyan Rhonda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.49%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 21, 1996
Sold by
Federal National Mortgage Association
Bought by
Ballard James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
7.46%

Purchase Details

Closed on
Aug 23, 1996
Sold by
Alvarez Jesus R and Garcia Jose Rene
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
7.46%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Solano Ramiro $365,000 Orange Coast Title Company
Nguyen Norman $320,000 Orange Coast Title Co Socal
Shnorhokian Serge -- Advantage Title Inc
Shnorhokian Serge -- Advantage Title Inc
Saelak Kevin $230,000 Advantage Title Inc
Garayan Margarit -- Accommodation
Shnorhokian Serge -- None Available
Shnorhokian Serge $154,000 Lsi Title Company
Deutsche Bank National Trust Company $148,800 None Available
Hurtado Rosa $385,000 First American
Parker James L -- --
Parker Jay L $107,000 Orange Coast Title Co
Galyan Rhonda L $12,000 Chicago Title Co
Ballard James M $55,500 First American Title Ins Co
Federal National Mortgage Association $75,578 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solano Ramiro $237,250
Previous Owner Shnorhokian Serge $225,834
Previous Owner Saelak Kevin $225,834
Previous Owner Shnorhokian Serge $110,269
Previous Owner Hurtado Rosa $346,500
Previous Owner Parker Jay L $27,000
Previous Owner Galyan Rhonda L $87,000
Previous Owner Ballard James M $44,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2017 04/27/17 Sold $320,000 -3.0% $102 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/09/2017 02/09/17 Price Changed $330,000 -2.9% $105 / Sq Ft
01/26/2017 01/26/17 For Sale $340,000 +47.8% $109 / Sq Ft
02/13/2015 02/13/15 Sold $230,000 -8.0% $74 / Sq Ft View Prior Sale
12/09/2014 12/09/14 Pending -- -- --
11/22/2014 11/22/14 For Sale $250,000 -- $80 / 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
2025 $4,611 $415,309 $79,648 $335,661
2024 $4,611 $407,165 $78,086 $329,079
2023 $4,562 $399,181 $76,555 $322,626
2022 $4,458 $391,354 $75,054 $316,300
2021 $4,379 $383,680 $73,582 $310,098
2020 $4,328 $379,746 $72,828 $306,918
2019 $4,240 $372,300 $71,400 $300,900
2018 $3,701 $326,400 $30,600 $295,800
2017 $2,759 $238,178 $31,067 $207,111
2016 $2,703 $233,508 $30,458 $203,050
2015 $1,966 $165,401 $21,481 $143,920
2014 $1,941 $162,161 $21,060 $141,101
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17017213

California Regional Multiple Listing Service (CRMLS)

APN: 0410-242-41