NOT LISTED FOR SALE

116 S Olive St Anaheim, CA 92805

The Colony Neighborhood
10 Beds
10 Baths
5,952 Sq Ft
0.34 Acres

Last Sold December 27, 2017

Last sale price $2,778,750 $467 Per Sq Ft

101 Days on Market

Highlights

  • 14,810 Sq Ft lot
  • No HOA
  • Laundry Room
  • Property is near public transit
  • Neighborhood Views
  • Wrought Iron Fence

About This Home

As of December 2017

SVN Vanguard is pleased to present The Cottages at Olive. This beautiful multifamily residential community is located in the Anaheim Colony Historic District. It consists of six bungalow-style duplex buildings with tree-lined central courtyard. Each duplex consists of 2 one bedroom, one bathroom units. Built in 1922, the property offers vintage charm and thoughtful modern amenities that include 10 individual single car garages, laundry facilities, new roofs and air conditioners.

PUBLIC NOTICE OF SALE -

ON MONDAY, NOVEMBER 27, 2017 AT 8:45 A.M. AT THE SUPERIOR COURT OF CALIFORNIA, COUNTY OF ORANGE, SANTA ANA COURTHOUSE, DEPT C17, 700 CIVIC CENTER DRIVE WEST, SANTA ANA, CA 92701; THE PROPERTY LOCATED AT 116-118 S. OLIVE STREET, ANAHEIM, CA 92701 WITH THE FOLLOWING LEGAL DESCRIPTION:

LOTS 6 AND 7 OF TRACT NO. 303, IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF CALIFORNIA AS PER MAP RECORDED IN BOOK 15, PAGE 20 OF MISCELLANEOUS MAPS, RECORDS OF SAID ORANGE COUNTY.
APN: 037-102-24 (Affects Lot 7)
037-102-25 (Affects Lot 6).

WILL BE SOLD BY WAY OF A COURT CONFIRMATION AND OVERBID HEARING. THE OPENING BID WILL BE AT $2,918,187.50 AND BUYERS MUST BE PREQUALIFIED PRIOR TO THE HEARING. SEE SHOWING INFORMATION TO CONTACT THE RECEIVER FOR ADDITIONAL DETAILS. THIS NOTICE IS GIVEN PURSUANT TO C.C.P. 568.5. SEE SUPPLEMENTS FOR ADDITIONAL INFORMATION

Last Agent to Sell the Property

Cameron Irons

SVN / Vanguard License #01176224 Listed on: 07/17/2017

SVN / Vanguard

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.34 Acre Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • 037-102-25

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 5,952 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6-7
  • Tax Tract Number 303
  • Assessor Parcel Number 03710224

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,400
  • Gardener Expense $3,600
  • Insurance Expense $2,976
  • Maintenance Expense $4,800
  • Other Expense $4,188
  • Pest Control $660
  • Professional Management Expense $10,470
  • New Taxes Expense $32,400
  • Operating Expense $68,175
  • Gross Income $229,680
  • Net Operating Income $161,505

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • CapRate: 5.20
  • Professional Management Expense: 10470.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • View: Yes
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 03710224
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 466.86

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 660.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 037-102-25
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 14810.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Electric Expense: 8400.00
  • Gross Income: 229680.00
  • Gross Multiplier: 13.10
  • Gross Scheduled Income: 229680.00
  • Insurance Expense: 2976.00
  • Maintenance Expense: 4800.00
  • Net Operating Income: 161505.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 12
  • Operating Expense: 68175.00
  • Other Expense: 4188.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 172776.00
  • Total Expenses: 68175.00

Tax Info

  • New Taxes Expense: 32400.00
  • Tax Lot: 6-7
  • Tax Tract Number: 303

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/27/2017 12/27/17 Sold $2,778,750 -7.3% $467 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $2,998,888 -- $504 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Irons

    Seller's Agent in 2017

    Cameron Irons

    SVN / Vanguard

    (714) 404-5256

    20 Total Sales

    Cameron Irons
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,213 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17162551

California Regional Multiple Listing Service (CRMLS)

APN: 037-102-25

California Orange County Anaheim 92805 The Colony

116 S Olive St, Anaheim, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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