$2,375,000
SOLD JUL 25, 2014
6 Beds
6 Baths
10,016 Sq Ft
0.42 Acres

Recently Sold

$237 Per Sq Ft

3% Below List Price

58 Days on Market

Highlights

  • Private Pool
  • Traditional Architecture
  • No HOA
  • 0.42 Acre Lot
  • Pool View
  • Laundry Room

About This Home

As of July 2014

944 and 948 S. Roberts Ave in freeway and employer close Anaheim! 2 - 8 unit buildings with 2 assessor parcel #s. 944 = 25015203 and 948= 25015202. The buildings are separated by a courtyard with a fenced pool. Both buildings have 8 1-bedroom, 1 bath units. Total of 16 units. Both buildings have a laundry facility for the tenant's convenience. Tenant's enjoy the large walk-in closets and storage areas. Both buildings have 4 garages for a total of 8 garages = 14 garaged cars. Tenants pay for electricity, trash and street sweeping. Building master metered for gas. No deferred maintenance! New garage doors, new exterior paint, roofing contractor installed special coating on roof last year - building is in great condition! Onsite manager keeps everything in order. Very smooth running building with definite rental upside. Income is Actual, Expenses are Estimated. Proforma income = $17,850/mo - $214,200/annual. Proforma Cap = 6.36%

Last Agent to Sell the Property

Julie Hughes

Realty One Group Homelink License #01360644 Listed on: 04/17/2014

Realty One Group Homelink

Last Buyer's Agent

Grace Jung

Team Spirit Realty License #01115340

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.42 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 14 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 10,016 Sq Ft Home
  • 2-Story Property
  • Pool Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Private Pool
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 13
  • Tax Tract Number 871
  • Assessor Parcel Number 25015203

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 16 Leased Units
  • 18 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $15,113
  • Net Operating Income $131,936

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

14

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Other Phone Description: 7143935055
  • Other Phone Number: 7143935055
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • View: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 25015203
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 237.12

Exterior Features

  • View: Pool
  • Pool Features: Community
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Size Sq Ft: 18296.00
  • Lot Size Acres: 0.4200

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 626
  • Gross Income: 15113.00
  • Gross Multiplier: 13.23
  • Gross Scheduled Income: 181356.00
  • Lot Size Area: 18296.0000 Square Feet
  • Net Operating Income: 131936.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 43978.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 14863.00

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 871
  • Tax Year: 2013

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Range of Values:

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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: PW14079275

California Regional Multiple Listing Service (CRMLS)