NOT LISTED FOR SALE

Estimated Value: $997,000 - $1,135,000

8 Beds
8 Baths
4,400 Sq Ft
$242/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $930,000 $211 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,675/month

13 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • Carpet
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2022

Great income property. Four units, all 2-bed 1.5-bath, townhome style units. 2 two car garage, Extra off-street parking for this building. Property includes separate laundry building for use by the neighborhood, which brings in approx $300 extra per month. Extra large lot.
Located on high-visibility corner, long term tenants. All units are 2 bedroom 1.5 bath approx 1050 sqft each unit. Onsite property manager paying $700 rent and $160 month maintenance fee, The rest units are $1200 rent monthly. The property has a lot of parking. Come see this Great Opportunity. Owner pays water, trash.

Last Agent to Sell the Property

Lynn Wong

Coldwell Banker Platinum Prop License #01452331 Listed on: 05/13/2022

Coldwell Banker Platinum Prop

Last Buyer's Agent

Lynn Wong

Coldwell Banker Platinum Prop License #01452331 Listed on: 05/13/2022

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,945

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 4,400 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 1
  • Tax Tract Number 2745
  • Assessor Parcel Number 119081013
  • $72 per year additional tax assessments

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $240
  • Insurance Expense $100
  • Trash Expense $2,556
  • Water Sewer Expense $420
  • Operating Expense $10,536
  • Gross Income $51,600
  • Net Operating Income $9,336

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,945

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 250000
  • Property Attached: Yes
  • Water Sewer Expenses: 420.00
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 119081013
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 211.36
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Connected, Water Not Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2556.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Walkstreet
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

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

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 51600.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 100.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 9336.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 9336.00
  • Rent Control: No
  • Total Expenses: 10536.00

Tax Info

  • Tax Census Tract: 408.08
  • Tax Lot: 1
  • Tax Tract Number: 2745
  • TaxOtherAnnualAssessmentAmount: 72.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Jamil Faisal
Bought by
Family Investments Llc
Current Estimated Value
$1,065,924

Purchase Details

Closed on
Sep 2, 2022
Sold by
Family Investments Llc
Bought by
Jamil Faisal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Hwang Kailin
Bought by
Moon Seung M and Moon Jung H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2000
Sold by
Sabbagh and Nohad
Bought by
Hwang Kailin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1997
Sold by
Fouad Genadry
Bought by
Sabbagh Hafez and Sabbagh Nohad

Purchase Details

Closed on
Feb 7, 1995
Sold by
Genadry Fouad
Bought by
Genadry Fouad Elias

Purchase Details

Closed on
Dec 13, 1994
Sold by
Sabbagh Hafez and Sabbagh Nohad
Bought by
Genadry Fouad
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
Family Investments Llc -- Accommodation/Courtesy Recordi
Jamil Faisal -- --
Moon Seung M $420,000 First American Title Ins Co
Hwang Kailin $208,000 First American Title Co
Sabbagh Hafez -- --
Genadry Fouad Elias -- --
Genadry Fouad -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jamil Faisal $617,000
Previous Owner Moon Seung M $261,400
Previous Owner Moon Seung M $129,000
Previous Owner Moon Seung M $294,000
Previous Owner Hwang Kailin $62,000
Previous Owner Hwang Kailin $168,000
Previous Owner Hwang Kailin $33,600
Previous Owner Hwang Kailin $156,000
Closed Hwang Kailin $41,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $930,000 -7.0% $211 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $1,000,000 -- $227 / 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 $10,945 $998,784 $265,302 $733,482
2023 $10,945 $930,000 $250,000 $680,000
2022 $6,369 $562,688 $133,964 $428,724
2021 $6,236 $551,656 $131,338 $420,318
2020 $6,167 $546,001 $129,992 $416,009
2019 $5,908 $524,800 $124,946 $399,854
2018 $5,890 $524,800 $124,946 $399,854
2017 $5,318 $418,951 $128,993 $289,958
2016 $4,746 $418,951 $128,993 $289,958
2015 $4,492 $399,000 $122,850 $276,150
2014 $4,208 $380,000 $117,000 $263,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22101752

California Regional Multiple Listing Service (CRMLS)

APN: 119-081-013