NOT LISTED FOR SALE

Estimated Value: $1,159,245

3 Beds
-- Bath
6,825 Sq Ft
$170/Sq Ft Est. Value

Last Sold October 02, 2015

Last sale price $545,000 $80 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $6,642/month

84 Days on Market

Highlights

  • 0.28 Acre Lot
  • Craftsman Architecture
  • Corner Lot
  • Dual Staircase
  • Wood Flooring
  • No HOA

About This Home

As of October 2015

Unique property. 12 rooms upstairs, 2 baths upstairs, storage area, was a non-profit gym downstairs (boxing gym was a grocery store many years ago), bar/restaurant downstairs - BAR/RESTAURANT AND GYM IS CLOSED. Property zoned UN2: industrial, residential, mixed use. The beer and wine status is suspended. Buyer to contact ABC and apply( if desired) for license, planning department, health department and correct building and health violations to obtain beer/wine license. The process will include, but not limited to, submitting to ABC, and obtaining a conditional use permit from the planning dept. Please drive by property before submitting offer. Buyers/ Agents: Please see pdf included in the supplements to this listing regarding city violations. Buyer to purchase property as-is, accept violations and buyer to work with city violations after close of escrow.

Last Agent to Sell the Property

Pete Holman

Seven Gables Real Estate License #00641155 Listed on: 06/23/2015

Seven Gables Real Estate

Last Buyer's Agent

Pete Holman

Seven Gables Real Estate License #00641155 Listed on: 06/23/2015

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Fence is in fair condition
  • Corner Lot

Home Design

  • Craftsman Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Clapboard

Interior Spaces

  • 6,825 Sq Ft Home
  • Dual Staircase
  • Wood Frame Window
  • Storage

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Parking

  • Public Parking
  • On-Street Parking
  • On-Site Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 155
  • Assessor Parcel Number 39834308

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 12 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Insurance Expense $1
  • Professional Management Expense $1
  • Trash Expense $50
  • Water Sewer Expense $400
  • New Taxes Expense $1,354
  • Gross Income $5,175
  • Net Operating Income $3,212

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 400.00
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 39834308
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Storage
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 79.85
  • Room Type: All Bedrooms Up
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Slab
  • Fencing: Fair Condition, Wood
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Clapboard

Garage/Parking

  • Parking Features: On Site, Public, Street

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Central, Forced Air, Natural Gas
  • Sewer: Sewer Paid
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 12197.00
  • Price Per Lot Square Foot: 44.68
  • Lot Size Acres: 0.2800

Multi Family

  • Electric Expense: 450.00
  • Gross Income: 5175.00
  • Gross Scheduled Income: 5175.00
  • Insurance Expense: 1.00
  • Lot Size Area: 12197.0000 Square Feet
  • Maintenance Percent: 1.00
  • Net Operating Income: 3212.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 1967.00
  • Operating Expense Percent: 38.00
  • Rent Control: No
  • Total Actual Rent: 5175.00

Tax Info

  • New Taxes Expense: 1354.00
  • Tax Lot: 1
  • Tax Tract Number: 155
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2024
Sold by
Own Your Dream Llc
Bought by
Alrey Group Llc
Current Estimated Value
$1,159,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,200
Outstanding Balance
$1,893,984
Interest Rate
7.02%
Mortgage Type
Construction
Estimated Equity
-$734,739

Purchase Details

Closed on
Sep 8, 2021
Sold by
Own Your Own Dream Llc
Bought by
Own Your Own Dream Llc

Purchase Details

Closed on
Jul 15, 2015
Sold by
Ramirez Joe William
Bought by
Own Your Dream Llc

Purchase Details

Closed on
Dec 6, 1996
Sold by
Ramirez John
Bought by
Ramirez Frank J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alrey Group Llc $1,600,000 Orange Coast Title Company
Own Your Own Dream Llc -- Accommodation
Own Your Dream Llc $570,000 First American Title Company
Ramirez Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alrey Group Llc $1,920,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2015 10/02/15 Sold $545,000 -16.2% $80 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $650,000 -- $95 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,462 $1,230,000 $1,039,880 $190,120
2024 $7,462 $473,337 $382,938 $90,399
2023 $7,260 $464,056 $375,429 $88,627
2022 $7,150 $454,957 $368,067 $86,890
2021 $7,003 $446,037 $360,850 $85,187
2020 $6,999 $441,464 $357,150 $84,314
2019 $6,893 $432,808 $350,147 $82,661
2018 $6,673 $424,322 $343,281 $81,041
2017 $6,612 $416,002 $336,550 $79,452
2016 $6,493 $407,846 $329,951 $77,895
2015 $2,830 $82,286 $49,101 $33,185
2014 $2,778 $80,675 $48,140 $32,535
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15135946

California Regional Multiple Listing Service (CRMLS)

APN: 398-343-08