NOT LISTED FOR SALE

1043 N Lincoln St Orange, CA 92867

8 Beds
8 Baths
3,552 Sq Ft
6,970 Sq Ft Lot Lot

Sale Details

Date Sold: August 11, 2020

Last sale price $1,150,000 $324 Per Sq Ft

32 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Rectangular Lot
  • No HOA
  • 4 Car Garage

About This Home

As of August 2020

A well-maintained and freshly painted quadplex in Orange. All four units have 2 bedrooms, 2 full bathrooms, and each comes with a space in two shared 2-car garages. All tenants are long-term with some upside on rents and the units are separately metered for electric. This quadplex is in a convenient and central location near Tustin Ave. and Collins, which is close to the 55 freeway, public transportation stops, and shopping.

Last Agent to Sell the Property

Jason Wilkie

Keller Williams Realty License #01922860 Listed on: 05/21/2020

Keller Williams Realty

Last Buyer's Agent

Marisol Araya

LONE HILL PROPERTIES License #01193072

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage
  • Two Garage Doors
  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,552 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 6
  • Tax Tract Number 3053
  • Assessor Parcel Number 37551129

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $240
  • Gardener Expense $870
  • Insurance Expense $1,861
  • Maintenance Expense $150
  • Other Expense $874
  • Pest Control $100
  • Trash Expense $700
  • Water Sewer Expense $2,140
  • New Taxes Expense $12,127
  • Operating Expense $20,129
  • Gross Income $70,800
  • Net Operating Income $50,671

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,970 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 2140.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 870.00
  • Parcel Number: 37551129
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 323.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage, Garage - Two Door, Street
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 100.00
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 240.00
  • Gross Income: 70800.00
  • Gross Operating Income: 70800.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 1861.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 150.00
  • Net Operating Income: 50671.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20129.00
  • Other Expense: 874.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 5900.00
  • Total Expenses: 20129.00

Tax Info

  • New Taxes Expense: 12127.00
  • Tax Census Tract: 762.06
  • Tax Lot: 6
  • Tax Tract Number: 3053
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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 Prior Sale
08/11/2020 08/11/20 Sold $1,150,000 0.0% $324 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
06/19/2020 06/19/20 Price Changed $1,150,000 -8.0% $324 / Sq Ft
05/21/2020 05/21/20 For Sale $1,250,000 +56.1% $352 / Sq Ft
05/20/2013 05/20/13 Sold $801,000 +2.0% $226 / Sq Ft View Prior Sale
04/07/2013 04/07/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $785,000 -- $221 / 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 $13,978 $1,244,796 $1,055,371 $189,425
2024 $13,978 $1,220,389 $1,034,678 $185,711
2023 $13,665 $1,196,460 $1,014,390 $182,070
2022 $13,398 $1,173,000 $994,500 $178,500
2021 $13,029 $1,150,000 $975,000 $175,000
2020 $10,432 $901,909 $779,690 $122,219
2019 $10,307 $884,225 $764,402 $119,823
2018 $10,152 $866,888 $749,414 $117,474
2017 $9,742 $849,891 $734,720 $115,171
2016 $9,558 $833,227 $720,314 $112,913
2015 $9,418 $820,712 $709,495 $111,217
2014 $9,218 $804,636 $695,597 $109,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20096142

California Regional Multiple Listing Service (CRMLS)

APN: 375-511-29

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