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342 Monterey Way, Placentia, CA 92870
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342 Monterey Way Placentia, CA 92870

$1,575,000 Sold Price as of 06/30/2022
  • 9 Beds
  • 7 Baths
  • 4,303 Sq.Ft.
Sold
$1,575,000 Sold Price as of 06/30/2022 Refinance Your Mortgage
Map preview of 342 Monterey Way, Placentia, CA 92870

Property Overview: 342 Monterey Way Placentia, CA has 9 bedrooms, 7 bathrooms, 4,303 living square feet and 10,890 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BEAUTIFUL PRISTINE PROPERTY. LOCATED IN OPPORTUNITY ZONE. BUILDING WELL MAINTAINED. Pleased to present the opportunity to acquire The Monterey Property, a pride of ownership & value-add apartment building in Placentia, CA. This offering is situated east of the 57 Freeway near the California State University of Fullerton and Valencia High School. The property offers a unit mix of two and three-bedroom units on a 10,890 sq ft lot. The community features garage parking, a laundry facility, and more. The Monterey Property offers an investor the opportunity to acquire a well-located asset with approximately 20% upside in rents.

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 2 minutes ago | Last updated: July 1st, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
10,890
HOA Dues
$0/mo
Year built
1977
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22035159
City
Placentia
County
Orange
Time on Site
936 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,670
  • Total Rent: $1,670
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,620
  • Net Operating Income: $51,629
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $34,332
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 342 Monterey Way

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Front Yard, Lawn
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 33942214
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Chapman Plaza (CHAP)
  • Directions: Contact Agent
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Placentia Agent

Sale History for 342 Monterey Way

Last sold for $1,575,000 on June 30th, 2022

  • April, 2022

  • Apr 4, 2022

    Date

    Active Under Contract

    CRMLS: PW22035159

    $1,695,000

    Price

  • Feb 23, 2022

    Date

    Active

    CRMLS: PW22035159

    $1,695,000

    Price

  • October, 2020

  • Oct 20, 2020

    Date

    Sold

    CRMLS: PW20197376

    $1,260,000

    Price

  • Oct 14, 2020

    Date

    Pending

    CRMLS: PW20197376

    $1,295,000

    Price

  • Oct 2, 2020

    Date

    Active Under Contract

    CRMLS: PW20197376

    $1,295,000

    Price

  • Sep 21, 2020

    Date

    Price Change

    CRMLS: PW20197376

    $1,295,000

    Price

  • Sep 21, 2020

    Date

    Active

    CRMLS: PW20197376

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    This Four-Unit Residential Income Property features a total Four units and has been well maintained. Includes, Five garage spaces, One water meter, Five gas meters and Five electric meters. Additionally, new Kitchen cabinets, appliances, laminate flooring and light fixtures in the Kitchen for Unit A. Unit B has new Kitchen cabinets and New Central Heating and Central Air Conditioning. New Water Heater for all Units and mailboxes. All units have storages, Central Heating & A/C and a separate Laundry room. The roof was placed in 2011. The property is conveniently located downtown Fullerton, Fullerton Community College, Cal State Fullerton and Freeways. It is walking distance to the park, shopping and restaurants.

  • September, 2020

  • Sep 21, 2020

    Date

    Canceled

    CRMLS: PW20135145

    $1,450,000

    Price

  • Aug 19, 2020

    Date

    Active

    CRMLS: PW20135145

    $1,450,000

    Price

  • Jul 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20135145

    $1,450,000

    Price

  • Jul 24, 2020

    Date

    Pending

    CRMLS: PW20135145

    $1,450,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: PW20135145

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    This Four-Unit Residential Income Property features a total Four units and has been well maintained. Includes, Five garage spaces, One water meter, Five gas meters and Five electric meters. Additionally, new Kitchen cabinets, appliances, laminate flooring and light fixtures in the Kitchen for Unit A. Unit B has new Kitchen cabinets and New Central Heating and Central Air Conditioning. New Water Heater for all Units and mailboxes. All units have storages, Central Heating & A/C and a separate Laundry room. The roof was placed in 2011. The property is conveniently located downtown Fullerton, Fullerton Community College, Cal State Fullerton and Freeways. It is walking distance to the park, shopping and restaurants.

  • April, 2020

  • Apr 6, 2020

    Date

    Expired

    CRMLS: PW19278533

    $1,400,000

    Price

  • Feb 28, 2020

    Date

    Pending

    CRMLS: PW19278533

    $1,400,000

    Price

  • Jan 28, 2020

    Date

    Active Under Contract

    CRMLS: PW19278533

    $1,400,000

    Price

  • Dec 10, 2019

    Date

    Active

    CRMLS: PW19278533

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    This Four-Unit Residential Income Property features a total Four units and has been well maintained. Includes, Five garage spaces, Four water and gas meters. Additionally, Unit A has Three Bedrooms, Two Bathrooms, One Garage. Unit B & C has Two Bedrooms, One Bathrooms, One Garage and Unit D has Two Bedrooms, One Bathroom, One Garage. This property is conveniently located downtown Fullerton, Fullerton Community College, Cal State Fullerton and Freeways. It is walking distance to the park. All units have storages and a separate laundry room.

  • February, 2018

  • Feb 5, 2018

    Date

    Canceled

    CRMLS: OC17280434

    $1,298,000

    Price

  • Jan 25, 2018

    Date

    Active

    CRMLS: OC17280434

    $1,298,000

    Price

  • Jan 8, 2018

    Date

    Active Under Contract

    CRMLS: OC17280434

    $1,298,000

    Price

  • Jan 2, 2018

    Date

    Active

    CRMLS: OC17280434

    $1,298,000

    Price

  • Listing provided courtesy of CRMLS

    This 4-Unit Residential Income Property is located in a well-maintained residential neighborhood, minutes from California State University, Fullerton and Fullerton Junior College. Conveniently located near Downtown Fullerton, this residential dwelling offers a wide selection of Restaurants, Retail, and Entertainment to choose from. This property provides easy accessibility to the 57 and 91 Freeways, in addition to nearby public transportation. Two units are located upstairs and two are downstairs. Unit A: Downstairs, 3 Bedrooms, 2 Full Bathrooms, spacious living room, fireplace & private patio. Unit B: Downstairs, 2 Bedrooms, 2 Bathrooms, fireplace, private patio, newer interior paint & carpets. Unit C: Upstairs, 2 Bedrooms, 2 Bathrooms, fireplace, new interior paint and carpets. Unit D: Upstairs, 2 Bedrooms, 1 Bathroom, newer kitchen cabinets, granite countertops & new interior paint and carpets. There are 5 garage spaces for parking / storage. There is also an attached laundry room which can generate additional income. Two of the units are currently occupied by longer term tenants; applications are being reviewed to fill the remaining two units. This property is great for families and is within walking distance to a park.

  • August, 2005

  • Aug 23, 2005

    Date

    Sold (Public Records)

    Public Records

    $995,000

    Price

  • October, 2002

  • Oct 18, 2002

    Date

    Sold (Public Records)

    Public Records

    $589,000

    Price

Show More

Tax History for 342 Monterey Way

Assessed Value (2020): $1,213,743
Year Land Value Improved Value Assessed Value
2020 $934,582 $279,161 $1,213,743

Home Value Compared to the Market

This property vs the competition

342 Monterey Way sold on June 30, 2022 for 54.09% higher than the current median sold price for the city of Placentia which is $1,100,000. The median sold price per/sqft for Placentia is $603 and this home is sold at $393.91 per/sqft which puts the price per square foot 34.67% lower than the current median sale per square foot for the city of Placentia.

About 342 Monterey Way

Detailed summary of property

342 Monterey Way is a multi family that recently sold in Placentia, CA 92870. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,303 living square feet, and sits on an approximately 10,890 square foot lot. 342 Monterey Way was first listed on ArdentRealEstateGroup.com on February 23, 2022. The homeowner sold the property for $1,575,000. Home in Placentia are selling for a median price of $1,100,000 and a median price per square foot of $603. Based on Ardent Real Estate Group's Placentia Market Data, this home is sold 54.09% higher than the current median priced home. Local homes that are currently for sale include 420 S Melrose St, 2121 E Almont Ave and 2115 E Almont Ave. While the average home in Placentia, CA is selling in 44 days, 342 Monterey Way has a days on market of 70 days. There are currently 89 homes for sale in the Placentia real estate market and 59 of them are single family homes while 24 of them are condos and 6 are townhomes. For more information on this home for sale at 342 Monterey Way Placentia, CA 92870 contact Ardent Real Estate Group and we will put you in touch with one of our Placentia agents.

Public Facts for 342 Monterey Way

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
4,303
Lot Size
10,687
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
22
APN
339-422-14

The source for these homes facts are from public records.

92870 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$945,000
Median List Price/Sq.Ft.
$584
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
88
Median Sale to List Price %
110.17%
Avg Days on Market
21
Loan Type
Conventional (51.72%), FHA (0%), VA (0%), Cash (37.93%), Other (10.34%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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