NOT LISTED FOR SALE
-- Bed
-- Bath
8,892 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: November 18, 2022

Last sale price $3,100,000 $349 Per Sq Ft

16 Days on Market

Highlights

  • Courtyard Views
  • Warner Middle Rated A-
  • Attached Carport

About This Home

As of November 2022

A 9-unit multifamily building in Garden Grove. It was under non-rent control before but is now in AB 1482 which is supposed to expire in 2030. The Rental Increase rate is 5% + CPI annually, but CAP is 10%. Spacious with 1 balcony and 1 patio per unit. Enough parking Spots 12 + - 4. There are 2 main buildings (Originally Permitted as 2 4-unit) and 1 non-conforming Building, which has been in existence since 2007 when the owner bought it, on Large 17,010SF Lot. Unit Mix: 6 2bed 1.5bath, 2 2bed 1 bath and 1 bed 1 bath. 6 2bed 1.5 bath units consist of 2 stories like a townhome. 2 2 bed 1 bath units have larger balcony and patio on 2nd floor. 1 1bed 1bath is a non- conforming unit. Close to Schools, Costco, Markets and Major Highways. Building size looks larger than 9,000 SF including 1 non-conforming unit, but Buyer needs to verify it within due-diligence period. Please email or text me to receive a setup sheet with rent roll.

Last Agent to Sell the Property

Brian Ji

Total Commercial, Inc. License #01443223 Listed on: 10/24/2022

Last Buyer's Agent

Brian Ji

Total Commercial, Inc. License #01443223 Listed on: 10/24/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 17,010 Sq Ft Lot
  • Lot Dimensions are 105x162

Interior Spaces

  • 8,892 Sq Ft Home
  • 2-Story Property
  • Courtyard Views

Parking

  • 14 Parking Spaces
  • Attached Carport
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Community Details

  • 3 Buildings
  • 9 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 097-254-10

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.39 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8892
  • Lot Acreage: 0.3900
  • Lot Dimensions: 105x162
  • Probate: No
  • Stories: 2
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: Attached
  • Price Per S Q F T: 365.50

Exterior Features

  • Other Structures: None
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Carport Attached
  • Total Parking: 14

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 23.52
  • Assessed Improvement Value: 422629
  • Assessed Land Percent: 76.48
  • Assessed Land Value: 1373974
  • Total Assessed Value: 1796603
  • Assessor Parcel Number: 097-254-10
  • Lot Size Area: 17010

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.91
  • Number Of Units: 9
  • Type Of Units: Standard

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

Closed on
Jul 1, 2024
Sold by
Bought by

Purchase Details

Listed on
Oct 24, 2022
Closed on
Nov 15, 2022
Sold by
Bought by
Seller's Agent
Brian Ji
Total Commercial, Inc.
Buyer's Agent
Brian Ji
Total Commercial, Inc.
List Price
$3,250,000
Sold Price
$3,100,000
Premium/Discount to List
-$150,000
-4.62%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.0694%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 1995
Sold by
Bought by
Source: Public Records
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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 Listed On Document
$3,100,000 Chicago Title
$1,451,500 Fidelity National Title Co
-- --
-- --
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 $1,500,000
Previous Owner $70,000
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
11/18/2022 11/18/22 Sold $3,100,000 -4.6% $349 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
10/24/2022 10/24/22 For Sale $3,250,000 -- $365 / Sq Ft
Source: The MLS

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
2025 $40,564 $3,225,240 $2,785,538 $439,702
2024 $40,030 $3,162,000 $2,730,919 $431,081
2023 $38,713 $3,100,000 $2,677,371 $422,629
2022 $23,452 $1,796,603 $1,373,974 $422,629
2021 $22,960 $1,761,376 $1,347,033 $414,343
2020 $22,687 $1,743,316 $1,333,221 $410,095
2019 $22,426 $1,709,134 $1,307,080 $402,054
2018 $22,392 $1,675,622 $1,281,451 $394,171
2017 $21,572 $1,642,767 $1,256,324 $386,443
2016 $20,749 $1,610,556 $1,231,690 $378,866
2015 $20,392 $1,586,364 $1,213,188 $373,176
2014 $19,931 $1,555,290 $1,189,424 $365,866
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-211903

The MLS
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