NOT LISTED FOR SALE

Estimated Value: $792,000 - $1,505,000

4 Beds
2 Baths
3,200 Sq Ft
$390/Sq Ft Est. Value

Last Sold October 06, 2020

Last sale price $1,000,000 $312 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,777/month

36 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • 1-Story Property
  • Valencia High School Rated A+
  • Wall Furnace

About This Home

As of October 2020

Four homes on a large lot in high rental area of Placentia. All units are detached 2 bedroom, 1 bath units with an attached one car garage and patio between units. Separately metered for gas and electricity. Potential upside in rents. 100% occupied.

Last Agent to Sell the Property

Debra Vargas

Premier Agent Network License #01370908 Listed on: 07/02/2020

Premier Agent Network

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,269

Year Built

  • Built in 1960

Lot Details

  • 10,280 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 9 / 9
  • Tax Tract Number 295
  • Assessor Parcel Number 34403604

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,900
  • Maintenance Expense $1,200
  • Water Sewer Expense $2,548
  • New Taxes Expense $14,032
  • Operating Expense $19,680
  • Gross Income $65,400
  • Net Operating Income $45,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,269

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2548.00
  • Property Type: Residential Income
  • Parcel Number: 34403604
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 312.50

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10280.00
  • Lot Size Acres: 0.2360

Rental Info

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

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 65400.00
  • Gross Multiplier: 16.82
  • Gross Operating Income: 65400.00
  • Gross Scheduled Income: 65400.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 10280.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 45720.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Operating Expense: 19680.00
  • Rent Control: No
  • Total Actual Rent: 5450.00
  • Total Expenses: 19680.00

Tax Info

  • New Taxes Expense: 14032.00
  • Tax Block: 9
  • Tax Census Tract: 117.20
  • Tax Lot: 9
  • Tax Tract Number: 295

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 9, 2020
Sold by
Lam Kamsuth
Bought by
Jml And Associates Llc
Seller's Agent
Debra Vargas
Premier Agent Network
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Current Estimated Value
$1,246,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,417
Avg. Annual Appreciation
4.47%
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2020
Closed on
Sep 1, 2020
Sold by
Paul Megan
Bought by
Lam Kamsuth
Seller's Agent
Debra Vargas
Premier Agent Network
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 10, 2020
Sold by
Gordillo Erick and Gordillo Miriam
Bought by
Lam Kamsuth
Seller's Agent
Debra Vargas
Premier Agent Network
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2004
Sold by
Rizio Gregory
Bought by
Rizio Gregory G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.57%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 18, 1995
Sold by
Cohen Paul and Cohen Geraldine
Bought by
Fidelity Federal Bank

Purchase Details

Closed on
May 26, 1994
Sold by
Ornelas Guadalupe and Zaragoza Guadalupe
Bought by
Ornelas Guadalupe and Gonzalez Tomas

Purchase Details

Closed on
Jul 22, 1993
Sold by
Zaragoza Antonio
Bought by
Zaragoza Guadalupe
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
Jml And Associates Llc -- None Available
Lam Kamsuth -- None Available
Lam Kamsuth $1,000,000 Fidelity National Title
Rizio Gregory G -- United Title Company
Fidelity Federal Bank $124,000 Orange Coast Title
Ornelas Guadalupe -- --
Zaragoza Guadalupe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lam Kamsuth $750,000
Previous Owner Rizio Gregory G $395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2020 10/06/20 Sold $1,000,000 -9.1% $313 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $1,100,000 +10.0% $344 / Sq Ft
07/28/2020 07/28/20 Off Market $1,000,000 -- --
07/02/2020 07/02/20 For Sale $1,100,000 -- $344 / 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 $14,269 $1,082,432 $944,377 $138,055
2024 $14,269 $1,061,208 $925,859 $135,349
2023 $13,899 $1,040,400 $907,704 $132,696
2022 $13,591 $1,020,000 $889,905 $130,095
2021 $13,170 $1,000,000 $872,455 $127,545
2020 $13,114 $980,906 $819,392 $161,514
2019 $12,543 $961,673 $803,325 $158,348
2018 $12,371 $942,817 $787,573 $155,244
2017 $10,757 $795,889 $650,672 $145,217
2016 $10,545 $780,284 $637,914 $142,370
2015 $10,528 $780,284 $637,914 $142,370
2014 $10,251 $765,000 $625,418 $139,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20128041

California Regional Multiple Listing Service (CRMLS)

APN: 344-036-04