$3,172,500
SOLD MAY 23, 2016
3 Beds
2 Baths
13,100 Sq Ft
0.42 Acres

Recently Sold

$242 Per Sq Ft

2% Below List Price

13 Days on Market

Highlights

  • Private Pool
  • 0.42 Acre Lot
  • Laundry Room
  • Gated Community
  • Cooling System Mounted To A Wall/Window
  • 14 Car Garage

About This Home

As of August 2023

Trident Arms consists of 12 large 2 BR & 1 Bath and 2 Studio apartments and 14 enclosed garages. There is also a pool and a laundry room. Pride of ownership. Family owned for 44 years. Well built, construction is lath and plaster and several units have been upgraded. Most of the rents are below market.

Last Agent to Sell the Property

Nels Persson

Brass Key Realty License #0040507 Listed on: 03/11/2016

Last Buyer's Agent

Nels Persson

Brass Key Realty License #0040507 Listed on: 03/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.42 Acre Lot
  • 1 Common Wall
  • Sprinkler System
  • Density is 11-15 Units/Acre

Parking

  • 14 Car Garage
  • Parking Available
  • Garage Door Opener
  • Assigned Parking

Home Design

  • 13,100 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Pool

  • Private Pool
  • Fence Around Pool

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 3266
  • Assessor Parcel Number 12829128

Community Details

Overview

  • 2 Buildings
  • 14 Units

Recreation

  • Community Pool

Building Details

  • 14 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Electric Expense $4,100
  • Insurance Expense $4,400
  • Maintenance Expense $5,000
  • Other Expense $2,400
  • Trash Expense $3,600
  • Water Sewer Expense $4,600
  • New Taxes Expense $32,000
  • Gross Income $17,140
  • Net Operating Income $149,580

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

14

Listing Details

  • Price Per Unit: 230000
  • Property Attached: Yes
  • Security: Gated Community
  • Water Sewer Expenses: 4600.00
  • Property Type: Residential Income
  • Parcel Number: 12829128
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 242.18

Exterior Features

  • Pool Features: Community, Fenced
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Door Opener
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 3600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 18200.00
  • Price Per Lot Square Foot: 174.31
  • Lot Size Acres: 0.4180

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000
  • Average Studio Area: 550
  • Electric Expense: 4100.00
  • Gross Income: 17140.00
  • Gross Scheduled Income: 205680.00
  • Insurance Expense: 4400.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 18200.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 149580.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number Wall A C: 4
  • Operating Expense: 56100.00
  • Other Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 16990.00

Tax Info

  • New Taxes Expense: 32000.00
  • Tax Lot: 4
  • Tax Tract Number: 3266

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
08/01/2023 08/01/23 Sold $4,250,000 -5.6% $324 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
10/05/2022 10/05/22 Price Changed $4,500,000 -7.2% $344 / Sq Ft
08/24/2022 08/24/22 For Sale $4,850,000 +52.9% $370 / Sq Ft
05/23/2016 05/23/16 Sold $3,172,500 -1.6% $242 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $3,225,000 -- $246 / 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: OC16051214

California Regional Multiple Listing Service (CRMLS)