NOT LISTED FOR SALE

9601 Central Ave Garden Grove, CA 92844

Estimated Value: $1,458,000 - $1,551,000

9 Beds
7 Baths
2,807 Sq Ft
$530/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $770,000 $274 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $8,957/month

27 Days on Market

Highlights

  • Main Floor Bedroom
  • Sunnyside Elementary School Rated A
  • No HOA

About This Home

As of February 2016

Great Opportunity to Own a Rental Property in the Heart of Garden Grove. Very Well Maintained Nice and Clean Property. Ideal Porperty for Investors or Big Family. High Occupancy Ratio. Long term Tenants. Excellent Neighborhood. Walk to Korea Town. Bright South Facing Home. Wood Floor Thru-Out. Huge Backyard. Long Driveway for RV or Extra Parking. Tax record shows 7 Beds and 5 Bath (permitted) Actual 8 Beds and 7 Baths plus 1 Bonus Room. 1 story front part of the building built in 1953, 2 story rear part of the building built in 2004. 4 beds, 1 bonus room and 4 baths on 1st floor. 4 beds and 3 baths on 2nd floor. Contact listing agent for detail.

Last Agent to Sell the Property

Alex Suk Joon

Team Spirit Realty, Inc. License #01843430 Listed on: 12/18/2015

Last Buyer's Agent

Song Lee

Fica Realty License #01134792

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,124

Year Built

  • Built in 1956

Lot Details

  • 8,640 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Interior Spaces

  • 2,807 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • 7 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 1539
  • Assessor Parcel Number 09820213

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,590
  • Gross Income $5,050
  • Net Operating Income $46,970

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,124

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.87
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 09820213
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 274.31
  • Room Type: Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Appliances: Dishwasher, Disposal
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8640.00
  • Price Per Lot Square Foot: 89.12
  • Lot Size Acres: 0.1980

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 5050.00
  • Gross Scheduled Income: 60600.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8640.0000 Square Feet
  • Net Operating Income: 46970.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 1
  • Operating Expense: 13630.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9590.00
  • Tax Lot: 26
  • Tax Tract Number: 1539

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
Ma Chau Thuy
Bought by
Chau Thuy Ma Revocable Living Trust
Current Estimated Value
$1,486,480

Purchase Details

Closed on
Oct 25, 2021
Sold by
Do Binh Ngoc and Do Kim Oanh
Bought by
Ma Chau Thuy

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
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 18, 2015
Closed on
Jan 13, 2016
Sold by
Pak John Kihwan
Bought by
Do Binh Ngoc and Do Kim Oanh Thi
Seller's Agent
Alex Suk Joon
Team Spirit Realty, Inc.
Buyer's Agent
Song Lee
Fica Realty
List Price
$799,999
Sold Price
$770,000
Premium/Discount to List
-$29,999
-3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%

Purchase Details

Closed on
Jul 28, 2003
Sold by
Jang Sang Jun
Bought by
Jang Sang Jun and Kim Soon Ja

Purchase Details

Closed on
Jan 31, 2001
Sold by
Kim Kyung Soon
Bought by
Jang Sang Jun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,601
Interest Rate
7.19%

Purchase Details

Closed on
Aug 31, 2000
Sold by
Nam Anne
Bought by
Kim Kyung Soon

Purchase Details

Closed on
Jun 2, 2000
Sold by
Chung Young S and Chung Song C
Bought by
Nam Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
8.37%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Chau Thuy Ma Revocable Living Trust -- --
Ma Chau Thuy $1,125,000 Fidelity Natl Ttl Orange Cnt
Do Binh Ngoc $770,000 Ticor Title
Jang Sang Jun -- --
Jang Sang Jun $220,000 Fidelity National Title Ins
Kim Kyung Soon -- --
Nam Anne $196,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ma Chau Thuy $750,000
Previous Owner Jang Sang Jun $216,601
Previous Owner Nam Anne $196,000
Closed Nam Anne $29,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2016 02/19/16 Sold $770,000 -3.7% $274 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
12/18/2015 12/18/15 For Sale $799,999 -- $285 / 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 $14,124 $1,193,859 $945,608 $248,251
2024 $14,124 $1,170,450 $927,066 $243,384
2023 $13,886 $1,147,500 $908,888 $238,612
2022 $13,660 $1,125,000 $891,066 $233,934
2021 $10,333 $842,106 $614,824 $227,282
2020 $10,194 $833,472 $608,520 $224,952
2019 $9,991 $817,130 $596,588 $220,542
2018 $9,787 $801,108 $584,890 $216,218
2017 $9,651 $785,400 $573,421 $211,979
2016 $7,194 $599,027 $383,922 $215,105
2015 $7,093 $590,030 $378,156 $211,874
2014 $6,920 $578,473 $370,749 $207,724
Source: Public Records

Agents Affiliated with this Home

  • Alex Suk Joon

    Seller's Agent in 2016

    Alex Suk Joon

    Team Spirit Realty, Inc.

    (213) 215-2712

    18 Total Sales

    Alex Suk Joon
    Section Image

  • S

    Buyer's Agent in 2016

    Song Lee

    Fica Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15264205

California Regional Multiple Listing Service (CRMLS)

APN: 098-202-13

California Orange County Garden Grove 92844

9601 Central Ave, Garden Grove, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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