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Seller's Agent in 2012
William Casas
William Casas, Broker
3
Beds
3
Baths
5,120
Sq Ft
9,583
Sq Ft Lot
Highlights
- Cul-De-Sac
- Tile Flooring
- Heating System Uses Natural Gas
- Ethel M. Evans Elementary School Rated A
- Wood Siding
- 2-minute walk to Shelley Kensington Park
About This Home
As of July 2012This is a very well maintained, high Cash-Flowing property consisting of (8) One Bedroom/One Bath units. The building is located on an unusually spacious lot on a very wide and open cul-de-sac. This High Demand rental area rarely sees a vacancy and is pleasantly quiet. Most of the tenants are have high, government subsidized rents. The financial numbers are ACTUALS, not proforma. At a 7.73 CAP, this property throws off an exceptionally high Cash on Cash Return. With rents rpojected to increase by 12% in Orange County this coming year, imagine the Cash Flow.
Last Agent to Sell the Property
William Casas
William Casas, Broker License #00824131 Listed on: 02/15/2012
Last Buyer's Agent
William Casas
William Casas, Broker License #00824131 Listed on: 02/15/2012
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- Cul-De-Sac
Home Design
- 5,120 Sq Ft Home
- Ranch Style House
- Block Foundation
- Slab Foundation
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Stucco
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 12 Parking Spaces
- Parking Lot
- Assigned Parking
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 5
- Tax Tract Number 2252
- Assessor Parcel Number 08906205
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- Electric Expense $462
- Gardener Expense $480
- Insurance Expense $1,800
- Other Expense $1,329
- Trash Expense $1,684
- Water Sewer Expense $2,961
- New Taxes Expense $11,716
- Gross Income $8,200
- Net Operating Income $75,405
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/01/2012 07/01/12 | Sold | $965,000 | -1.0% | $188 / Sq Ft |
| 06/08/2012 06/08/12 | Pending | -- | -- | -- |
| 02/15/2012 02/15/12 | For Sale | $975,000 | -- | $190 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $18,198 | $1,373,203 | $1,150,652 | $222,551 |
| 2024 | $18,198 | $1,346,278 | $1,128,090 | $218,188 |
| 2023 | $17,847 | $1,319,881 | $1,105,971 | $213,910 |
| 2022 | $17,461 | $1,294,001 | $1,084,285 | $209,716 |
| 2021 | $17,277 | $1,268,629 | $1,063,025 | $205,604 |
| 2020 | $17,051 | $1,255,621 | $1,052,125 | $203,496 |
| 2019 | $16,745 | $1,231,001 | $1,031,495 | $199,506 |
| 2018 | $16,421 | $1,206,864 | $1,011,269 | $195,595 |
| 2017 | $16,198 | $1,183,200 | $991,440 | $191,760 |
| 2016 | $13,872 | $1,023,902 | $868,923 | $154,979 |
| 2015 | $13,679 | $1,008,523 | $855,871 | $152,652 |
| 2014 | $13,356 | $988,768 | $839,106 | $149,662 |
Source: Public Records
Agents Affiliated with this Home
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S688266
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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