NOT LISTED FOR SALE

9572 Walker St Cypress, CA 90630

Estimated Value: $928,000 - $1,139,000

10 Beds
5 Baths
4,520 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 15, 2013

Last sale price $788,000 $174 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,730/month

4 Days on Market

Highlights

  • 0.35 Acre Lot
  • No HOA
  • Laundry Room
  • Juliet Morris Elementary School Rated A

About This Home

As of May 2013

Nice Cypress 4-Plex in a great location, near award winning schools. This street is surrounded by newer townhome complexes. All tenants pay their own electricity. One unit also pays their own gas, water and trash. There are 2 units with 2 bedrooms, 1 bath each. One of these units has a gated front yard. Both have 1 assigned carport. Owner estimates that each of these units are 960 square feet. There is 1 unit with 1 bedroom, 1 bath with an attached 2 car garage !! Owner estimates this unit is approximately 600 square feet. The last unit is 5 bedrooms, 2 baths with a backyard plus a 2 car carport. The owner estimates that the square footage is approximately 2,000 for this unit. All units have washer/dryer hookups inside each unit. There is very low turnover, one tenant has been in the home for 10+ years. All tenants are on a month to month rental basis. You must drive by and see the area. All offers must be emailed. DRIVE-BY ONLY. DO NOT WALK ONTO PROPERTY. DO NOT DISTURB THE TENANTS.

Last Agent to Sell the Property

Karyn Sontag

KMS Properties License #01209652 Listed on: 04/08/2013

Last Buyer's Agent

Sonny Nguyen

Nationwide Team Realty License #01513319

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,130

Year Built

  • Built in 1949

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 4,520 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 24455127

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,500
  • Trash Expense $600
  • Water Sewer Expense $600
  • Gross Income $5,310
  • Net Operating Income $64,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,130

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 24455127
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 174.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15120.00
  • Lot Size Acres: 0.3470

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 5310.00
  • Gross Scheduled Income: 64920.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 15120.0000 Square Feet
  • Net Operating Income: 64256.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 664.00
  • Rent Control: No
  • Total Actual Rent: 5410.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2013
Closed on
May 7, 2013
Sold by
Lo Ping Kiu and Lo Yu Kam
Bought by
Pham Peter S and Pham Kristine D
Seller's Agent
Karyn Sontag
KMS Properties
Buyer's Agent
Sonny Nguyen
Nationwide Team Realty
List Price
$800,000
Sold Price
$788,000
Premium/Discount to List
-$12,000
-1.5%
Current Estimated Value
$1,050,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,519
Avg. Annual Appreciation
2.39%

Purchase Details

Closed on
Jun 4, 2011
Sold by
Lo Ping Kiu and Lo Yu Kam
Bought by
Lo Ping Kiu and Lo Yu Kam

Purchase Details

Closed on
May 5, 2007
Sold by
Lo Ping Kiu and Lo Yu Kam
Bought by
Lo Ping Kiu and Lo Yu Kam
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
Pham Peter S $788,000 Orange Coast Title
Lo Ping Kiu -- None Available
Lo Ping Kiu -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lo Ping Kiu $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2013 05/15/13 Sold $788,000 -1.5% $174 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $800,000 -- $177 / 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
2024 $11,130 $951,333 $758,659 $192,674
2023 $10,875 $932,680 $743,783 $188,897
2022 $10,748 $914,393 $729,199 $185,194
2021 $10,608 $896,464 $714,901 $181,563
2020 $10,566 $887,272 $707,570 $179,702
2019 $10,273 $869,875 $693,696 $176,179
2018 $10,136 $852,819 $680,094 $172,725
2017 $9,791 $836,098 $666,759 $169,339
2016 $9,710 $819,704 $653,685 $166,019
2015 $9,640 $807,392 $643,866 $163,526
2014 $9,132 $791,577 $631,254 $160,323
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13058746

California Regional Multiple Listing Service (CRMLS)

APN: 244-551-27