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7381 Franklin St, Buena Park, CA 90621
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7381 Franklin St Buena Park, CA 90621

$1,100,000 Sold Price as of 04/22/2021
  • 8 Beds
  • 4 Baths
  • 3,660 Sq.Ft.
Sold
$1,100,000 Sold Price as of 04/22/2021 Refinance Your Mortgage
Map preview of 7381 Franklin St, Buena Park, CA 90621

Property Overview: 7381 Franklin St Buena Park, CA has 8 bedrooms, 4 bathrooms, 3,660 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Opportunity. 4 units in the heart of Buena Park! All 2 bedroom and 1 bathroom units. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. All 4 unit interiors renovated. New kitchens and baths include new paint, flooring, custom cabinets w/granite counter tops, and new bathroom vanities with stone tops. All new windows in each unit and new roof in 2012. Each unit has a private patio, inside laundry, 2 AC wall units, detached garage. There is space for 2 off-street parking, 1 garage & 1 open space. Alley access as well as public street parking. Low maintenance property. Tenants pay gas and electric. All four units occupied by long term tenants with a potential to increase rent. No disruption of rent due to COVID. Upside to rents without having to do capital improvements. This area has high rental occupancy rates. No rent control. Very well maintained. Dense rental market with low vacancy. Close to public transportation and freeways. Near Knott’s Berry Farm, Buena Park Mall, 5 and 91 Freeways, restaurants and shopping centers.

Listed by Mary Kasenberg | BRE #00523581 | Coldwell Banker Coastal Alliance
Co-listed by Dave Delmotte | BRE #00635555 | Coldwell Banker Coastal Alliance
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21012993
City
Buena Park
County
Orange
Time on Site
1226 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $50,560
  • Gross Operating Income: $70,560
  • Vacancy Allowance: $1,440
  • Gross Spendable Income: $70,560
Annual Expense Breakdown
  • Total Operating Expense: $20,000
  • Licenses: $94
  • New Taxes: $16,000
  • Trash: $1,280
  • Gardener: $600
  • Insurance: $1,389
  • Maintenance: $1,500
  • Water/Sewer: $1,599

Property Details for 7381 Franklin St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Kitchen, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen, Laundry, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Water Heater
Interior Features
  • Granite Counters
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Elastomeric
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 16-20 Units/Acre, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 06612106
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: No Interior Steps, Parking
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: N/Artesia. W/Beach
  • Road Surface Type: Alley Paved, Maintained
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Buena Park Agent

Sale History for 7381 Franklin St

Last sold for $1,100,000 on April 22nd, 2021

  • April, 2021

  • Apr 23, 2021

    Date

    Sold

    CRMLS: PW21012993

    $1,100,000

    Price

  • Mar 25, 2021

    Date

    Pending

    CRMLS: PW21012993

    $1,225,000

    Price

  • Mar 15, 2021

    Date

    Price Change

    CRMLS: PW21012993

    $1,225,000

    Price

  • Mar 15, 2021

    Date

    Active

    CRMLS: PW21012993

    $1,299,000

    Price

  • Mar 14, 2021

    Date

    Active Under Contract

    CRMLS: PW21012993

    $1,299,000

    Price

  • Mar 9, 2021

    Date

    Pending

    CRMLS: PW21012993

    $1,299,000

    Price

  • Feb 26, 2021

    Date

    Active

    CRMLS: PW21012993

    $1,299,000

    Price

  • Feb 23, 2021

    Date

    Active Under Contract

    CRMLS: PW21012993

    $1,299,000

    Price

  • Feb 3, 2021

    Date

    Active

    CRMLS: PW21012993

    $1,299,000

    Price

  • April, 2009

  • Apr 22, 2009

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

  • March, 2009

  • Mar 19, 2009

    Date

    Sold (Public Records)

    Public Records

    $485,000

    Price

Show More

Tax History for 7381 Franklin St

Assessed Value (2020): $644,470
Year Land Value Improved Value Assessed Value
2020 $515,576 $128,894 $644,470

Home Value Compared to the Market

This property vs the competition

7381 Franklin St sold on April 22, 2021 for 32.43% higher than the current median sold price for the city of Buena Park which is $925,000. The median sold price per/sqft for Buena Park is $596 and this home is sold at $334.7 per/sqft which puts the price per square foot 43.84% lower than the current median sale per square foot for the city of Buena Park.

About 7381 Franklin St

Detailed summary of property

7381 Franklin St is a multi family that recently sold in Buena Park, CA 90621. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,660 living square feet, and sits on an approximately 9,583 square foot lot. 7381 Franklin St was first listed on ArdentRealEstateGroup.com on February 3, 2021. The homeowner sold the property for $1,100,000. Home in Buena Park are selling for a median price of $925,000 and a median price per square foot of $596. Based on Ardent Real Estate Group's Buena Park Market Data, this home is sold 32.43% higher than the current median priced home. Local homes that are currently for sale include 1612 E 53rd St, 17130 San Mateo St and 1015 Dawson Ave. While the average home in Buena Park, CA is selling in 63 days, 7381 Franklin St has a days on market of 48 days. There are currently 85 homes for sale in the Buena Park real estate market and 67 of them are single family homes while 11 of them are condos and 7 are townhomes. For more information on this home for sale at 7381 Franklin St Buena Park, CA 90621 contact Ardent Real Estate Group and we will put you in touch with one of our Buena Park agents.

Public Facts for 7381 Franklin St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,660
Lot Size
9,618
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
066-121-06

The source for these homes facts are from public records.

90621 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$895,000
Median List Price/Sq.Ft.
$533
Median Sold Price
$880,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
38
Median Sale to List Price %
100.11%
Avg Days on Market
15
Loan Type
Conventional (56.25%), FHA (0%), VA (6.25%), Cash (31.25%), Other (6.25%)

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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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