NOT LISTED FOR SALE
16 Beds
8 Baths
8,462 Sq Ft
7,841 Sq Ft Lot

Last Sold September 15, 2012

Last sale price $1,600,000 $189 Per Sq Ft

15 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Siding
  • 4-minute walk to Eastgate Park
  • Patton Elementary School Rated A
  • No Heating

About This Home

As of September 2012

PROPERTY: This is a superbly maintained Townhouse project consisting of two (2) separate Four-Plexes with a central courtyard swimming pool. All large Two (2) Bedroom, One & one-half (1.5) Baths. The buildings have four (4) separate single car garages, four assigned parking spaces and abundant street parking. This is a separately metered, all electric community with individual water heaters. The pitched composition roofs are less than ten years old. Two small laundries with one washer/dryer each. LOCATION: Very desirable and vibrantly progressive West Side Garden Grove. Close to the border of the Cities of Cypress and Los Alamitos, with access to the 22 and I-5 freeways. Centrally located near major entertainment, restaurants and shopping.

Last Agent to Sell the Property

William Casas

William Casas, Broker License #00824131 Listed on: 07/01/2012

Last Buyer's Agent

William Casas

William Casas, Broker License #00824131 Listed on: 07/01/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,841

Parking

  • 10 Car Garage

Home Design

  • 8,462 Sq Ft Home
  • Contemporary Architecture
  • Block Foundation
  • Slab Foundation
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • No Heating
  • Electric Water Heater

Additional Features

  • Electric Cooktop
  • Leased Washer and Dryer
  • Property fronts an alley

Listing and Financial Details

  • Tax Lot 48-
  • Tax Tract Number 3624
  • Assessor Parcel Number 22422105

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Water Meters
  • Electric Expense $2,598
  • Gardener Expense $1,800
  • Insurance Expense $3,600
  • Other Expense $3,612
  • Trash Expense $2,832
  • Water Sewer Expense $4,020
  • New Taxes Expense $14,952
  • Gross Income $10,267
  • Net Operating Income $84,470

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,841 Sq Ft Lot

Parking

10

Listing Details

  • Assessments: No
  • CapRate: 6.03
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 4020.00
  • Zoning: MultiFam
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 22422105
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 189.08

Exterior Features

  • Foundation: Block, Slab
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: No
  • Total Parking Spaces: 18.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Electric Cooking, Electric Water Heater, Cooktop
  • Trash Expense: 2832.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Average2 Bed Area: 1050
  • Electric Expense: 2598.00
  • Gross Income: 10267.00
  • Gross Multiplier: 11.36
  • Gross Scheduled Income: 123200.00
  • Insurance Expense: 3600.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 84470.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Number With Drapes: 8
  • Number With Patio: 8
  • Operating Expense: 35034.00
  • Other Expense: 3612.00
  • Other Expense Description: Maintena
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14952.00
  • Tax Area: 18-069
  • Tax Lot: 48-
  • Tax Rate: 1.11
  • Tax Tract Number: 3624
  • Tax Year: 2012
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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 List to Sale Price per Sq Ft
09/15/2012 09/15/12 Sold $1,600,000 +14.3% $189 / Sq Ft
07/16/2012 07/16/12 Pending -- -- --
07/01/2012 07/01/12 For Sale $1,400,000 -- $165 / 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 $12,447 $985,138 $812,925 $172,213
2024 $12,447 $965,822 $796,985 $168,837
2023 $12,210 $946,885 $781,358 $165,527
2022 $12,025 $928,319 $766,037 $162,282
2021 $11,906 $910,117 $751,017 $159,100
2020 $11,772 $900,785 $743,316 $157,469
2019 $11,490 $883,123 $728,741 $154,382
2018 $11,304 $865,807 $714,452 $151,355
2017 $11,151 $848,831 $700,443 $148,388
2016 $10,609 $832,188 $686,709 $145,479
2015 $10,477 $819,688 $676,394 $143,294
2014 $10,125 $803,632 $663,144 $140,488
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S704438

California Regional Multiple Listing Service (CRMLS)

APN: 224-221-05

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