$1,870,000
SOLD DEC 28, 2012
7 Beds
7 Baths
10,016 Sq Ft
0.82 Acres

Recently Sold

$187 Per Sq Ft

5% Below List Price

201 Days on Market

Highlights

  • 0.82 Acre Lot
  • Fence Around Pool
  • No Heating

About This Home

As of July 2014

944-948 S Roberts are two apartment buildings with 2 street addresses next to each other. Each building consists of eight one-bed/one-bath unit for a total of sixteen apartments. Assessor Parcel Nos are 250-152-02 & 250-152-03). Total of 8 Garages, total of 14 Cars Garaged. 2 laundry facilities on site. Open layout with center courtyard and over 5 Ft High Fenced POOL, between the two buildings. Fully occupied and well managed. Close to schools, retail shops, recreation areas, public transportation. Very close to major employers like; Disneyland, Angel's Stadium, Honda Center, and The Block of Orange shopping mall.

Last Agent to Sell the Property

Kevin Tabatabai

Keller Williams Newport Estates License #00800103 Listed on: 05/31/2012

Keller Williams Newport Estates

Last Buyer's Agent

Julie Hughes

Realty One Group Homelink License #01360644

Realty One Group Homelink

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.82 Acre Lot
  • Lot Dimensions are 140x256

Parking

  • 30 Parking Spaces

Home Design

  • 10,016 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Additional Features

  • Fence Around Pool
  • No Heating

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 2534
  • Assessor Parcel Number 25015203

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • 16 Separate Electric Meters
  • Electric Expense $4,125
  • Gardener Expense $3,640
  • Insurance Expense $3,321
  • Professional Management Expense $8,953
  • Water Sewer Expense $1,458
  • Gross Income $14,338
  • Net Operating Income $107,527

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.57
  • Improvements Amount: 385938
  • Improvements Percent: 24.00
  • Price Per Unit: 123437
  • Professional Management Expense: 8953.00
  • View: No
  • Water Sewer Expenses: 1458.00
  • Property Type: Residential Income
  • Gardener Expense: 3640.00
  • Parcel Number: 25015203
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 186.70

Exterior Features

  • Pool Features: Fenced
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 30.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Value: 1228124
  • Land Value Percent: 76.00
  • Lot Size: 140x256
  • Lot Size Sq Ft: 35840.00
  • Lot Size Acres: 0.8230

Multi Family

  • Electric Expense: 4125.00
  • Gross Income: 14338.00
  • Gross Multiplier: 11.18
  • Gross Scheduled Income: 172656.00
  • Gross Spendable Income: 30696.00
  • Insurance Expense: 3321.00
  • Net Operating Income: 107527.00
  • Number Of Separate Electric Meters: 16
  • Number Of Units Total: 16
  • Operating Expense: 60801.00
  • Operating Expense Percent: 36.00
  • Vacancy Allowance: 5180
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Area: 01007
  • Tax Lot: 13
  • Tax Tract Number: 2534

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2015 05/31/15 Rented $1,000 0.0% --
05/31/2015 05/31/15 For Rent $1,000 0.0% --
07/25/2014 07/25/14 Sold $2,375,000 -3.1% $237 / Sq Ft
06/14/2014 06/14/14 Pending -- -- --
04/17/2014 04/17/14 For Sale $2,450,000 +31.0% $245 / Sq Ft
12/28/2012 12/28/12 Sold $1,870,000 -5.3% $187 / Sq Ft
12/18/2012 12/18/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $1,975,000 -- $197 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P824166

California Regional Multiple Listing Service (CRMLS)