NOT LISTED FOR SALE

Estimated Value: $1,065,000 - $1,325,000

5 Beds
3 Baths
2,132 Sq Ft
$550/Sq Ft Est. Value

Last Sold December 16, 2015

Last sale price $605,000 $284 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $6,794/month

62 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Stanford Elementary School Rated A

About This Home

As of December 2015

Great opportunity to own a 2-unit property on a large corner lot, in a desirable area of Garden Grove. Close to Little Saigon, shopping centers, schools, freeway access, and parks. The front unit has 3 bedrooms & 2 baths and the back unit has 2 bedrooms & 1.5 baths. The front unit is ready for new tenants and the back unit is currently occupied on a month-to-month lease @ $1,850. Come and get it before it's gone. This property is a legal non-conforming 2-unit. Ask your agent for the permits which are attached to the MLS file. Thank you and good luck.

Last Agent to Sell the Property

David Haub

CalTerra Partners License #01370686 Listed on: 11/17/2015

Last Buyer's Agent

Duong Cao

DC Real Estate License #01239513

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,588

Year Built

  • Built in 1953

Lot Details

  • 0.29 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,132 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 2
  • Tax Tract Number 1675
  • Assessor Parcel Number 13345211

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Water Sewer Expense $816
  • New Taxes Expense $7,487
  • Gross Income $4,050
  • Net Operating Income $35,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,588

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 6.11
  • Other Phone Description: Cell
  • Other Phone Number: 5625980649
  • Property Attached: No
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 816.00
  • Property Type: Residential Income
  • Parcel Number: 13345211
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 283.77

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12740.00
  • Price Per Lot Square Foot: 47.49
  • Lot Size Acres: 0.2920

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 4050.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 12740.0000 Square Feet
  • Net Operating Income: 35376.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4824.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7487.00
  • Tax Lot: 2
  • Tax Tract Number: 1675

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2018
Sold by
Le Tuan Minh and Hoang Thi Thanh Tuyet
Bought by
Thl Investments Llc
Current Estimated Value
$1,110,040

Purchase Details

Listed on
Nov 17, 2015
Closed on
Dec 2, 2015
Sold by
Aguirre Jessica
Bought by
Le Tuan Minh and Hoang Tuyet Thi Thanh
Seller's Agent
David Haub
CalTerra Partners
Buyer's Agent
Duong Cao
DC Real Estate
List Price
$599,000
Sold Price
$605,000
Premium/Discount to List
$6,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Sep 16, 2015
Sold by
Kwon Sang S
Bought by
Aguirre Jessica

Purchase Details

Closed on
Aug 10, 2004
Sold by
Kwon Kil J
Bought by
Kwon Sang S

Purchase Details

Closed on
Mar 11, 2004
Sold by
Chung Yu Kwang
Bought by
Kwon Sang S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2002
Sold by
Seller T Investments Llc
Bought by
Best Marie and The Nancy I Vandereyken Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
6.7%

Purchase Details

Closed on
Jun 26, 2002
Sold by
Best Marie B
Bought by
Chung Yu Kwang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
6.7%

Purchase Details

Closed on
Jun 25, 2002
Sold by
Chung Sandy
Bought by
Chung Yu Kwang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
6.7%

Purchase Details

Closed on
Apr 6, 2002
Sold by
Vandereyken Nancy I
Bought by
Seller T Investments Llc

Purchase Details

Closed on
Nov 12, 1998
Sold by
Nancy Vander Eyken
Bought by
Vandereyken Nancy I and Nancy Vandereyken Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Thl Investments Llc -- None Available
Le Tuan Minh $609,000 Lawyers Title Company
Aguirre Jessica -- None Available
Kwon Sang S -- None Available
Kwon Sang S -- Orange Coast Title
Kwon Sang S $566,000 Orange Coast Title
Best Marie -- --
Chung Yu Kwang $250,000 Commonwealth Title
Chung Yu Kwang -- Commonwealth Title
Seller T Investments Llc $172,000 --
Vandereyken Nancy I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwon Sang S $404,000
Previous Owner Kwon Sang S $91,960
Previous Owner Kwon Sang S $417,000
Previous Owner Kwon Sang S $420,000
Previous Owner Chung Yu Kwang $244,000
Previous Owner Chung Yu Kwang $30,500
Previous Owner Chung Yu Kwang $237,500
Previous Owner Eyken Nancy Vander $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $605,000 +1.0% $284 / Sq Ft
11/25/2015 11/25/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $599,000 -- $281 / 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 $8,588 $706,793 $610,152 $96,641
2024 $8,588 $692,935 $598,188 $94,747
2023 $8,432 $679,349 $586,459 $92,890
2022 $8,254 $666,029 $574,960 $91,069
2021 $8,167 $652,970 $563,686 $89,284
2020 $8,059 $646,275 $557,906 $88,369
2019 $7,901 $633,603 $546,966 $86,637
2018 $7,889 $633,603 $546,966 $86,637
2017 $7,781 $621,180 $536,241 $84,939
2016 $7,389 $609,000 $525,726 $83,274
2015 $6,713 $550,000 $479,134 $70,866
2014 $6,367 $523,200 $452,334 $70,866
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15215971

California Regional Multiple Listing Service (CRMLS)

APN: 133-452-11