NOT LISTED FOR SALE
3 Beds
2 Baths
7,138 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: October 4, 2021

Last sale price $2,510,000 $352 Per Sq Ft

25 Days on Market

About This Home

As of October 2021

941 South Trident Street is an 8-unit multifamily investment property located in Anaheim, one of the premier housing markets in Orange County, CA. Built in 1960, the property consists of one and two-bedroom floor plans and offers amenities including gated access, garage parking, on-site laundry, and a spacious central courtyard. The property features oversized units, which help to attract a variety of renters. 941 South Trident Street has an excellent location west of Downtown Anaheim, within walking distance of Modjeska Park. The property is located just over 1 mile from Disneyland, a major economic driver for the city, with approximately 32,000 employees. The property is also just steps away from Ball & Euclid Marketplace, which is anchored by Northgate Market and 99 Cents Only Stores, providing residents with easy access to everyday needs. Furthermore, 941 South Trident Street benefits from its close proximity to Interstate 5, offering residents easy commutes to employment hubs throughout Orange County.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 07/26/2021

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 8 Car Garage

Interior Spaces

  • 7,138 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 3266
  • Assessor Parcel Number 12829125

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,458
  • Fuel Expense $1,458
  • Insurance Expense $2,400
  • Maintenance Expense $4,000
  • Other Expense $6,346
  • Professional Management Expense $6,205
  • Trash Expense $1,458
  • Water Sewer Expense $1,458
  • New Taxes Expense $28,814
  • Operating Expense $53,595
  • Gross Income $159,751
  • Net Operating Income $101,528

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

8,276 Sq Ft Lot

Parking

8

Listing Details

  • Professional Management Expense: 6205.00
  • Property Attached: No
  • Water Sewer Expenses: 1457.50
  • Property Type: Residential Income
  • Parcel Number: 12829125
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 351.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1457.50
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 1457.50
  • Fuel Expense: 1457.50
  • Gross Income: 159751.00
  • Gross Operating Income: 155123.00
  • Gross Scheduled Income: 154272.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 0.1900 Acres
  • Maintenance Expense: 4000.00
  • Net Operating Income: 101528.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 53595.00
  • Other Expense: 6346.00
  • Other Expense Description: Misc
  • Other Income1: 5479.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 12856.00
  • Total Expenses: 53595.00

Tax Info

  • New Taxes Expense: 28814.00
  • Tax Census Tract: 871.03
  • Tax Lot: 7
  • Tax Tract Number: 3266

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

Listed on
Jul 26, 2021
Closed on
Sep 16, 2021
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Rick Applebaum
Morgan Skenderian
List Price
$2,525,000
Sold Price
$2,510,000
Premium/Discount to List
-$15,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$1,293,234
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$905,000
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
$2,510,000 Western Resources Title
-- Ticor Title Company Of Ca
$1,005,000 None Available
-- --
$450,000 Commonwealth Land Title
$365,000 Old Republic Title Company
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
Open $1,450,000
Previous Owner $830,000
Previous Owner $905,000
Previous Owner $753,750
Previous Owner $337,500
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
10/04/2021 10/04/21 Sold $2,510,000 -0.6% $352 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $2,525,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $32,470 $2,716,904 $2,381,351 $335,553
2025 $32,470 $2,663,632 $2,334,658 $328,974
2024 $30,832 $2,611,404 $2,288,880 $322,524
2023 $30,185 $2,560,200 $2,244,000 $316,200
2022 $29,807 $2,510,000 $2,200,000 $310,000
2021 $18,400 $1,449,607 $906,007 $543,600
2020 $18,318 $1,434,744 $896,717 $538,027
2019 $17,794 $1,406,612 $879,134 $527,478
2018 $17,434 $1,379,032 $861,896 $517,136
2017 $16,767 $1,351,993 $844,996 $506,997
2016 $16,714 $1,325,484 $828,428 $497,056
2015 $16,563 $1,305,574 $815,984 $489,590
2014 $15,570 $1,280,000 $800,000 $480,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21164031

California Regional Multiple Listing Service (CRMLS)
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