NOT LISTED FOR SALE

12542 Orrway Dr Garden Grove, CA 92841

5 Beds
3 Baths
10,134 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: March 15, 2018

Last sale price $2,840,000 $280 Per Sq Ft

27 Days on Market

Highlights

  • 16,552 Sq Ft lot
  • Alamitos Intermediate School Rated A-
  • Landscaped

About This Home

As of March 2018

The Orrway Drive Apartments is a 12-unit garden-style multi-family community located in a highly desirable Garden Grove neighborhood. Comprised of two separate six unit buildings on two parceled lots, the property has a unit mix consisting of two and one-bedroom floor plans that are spacious and well designed. Community amenities include a central courtyard, attractive landscaped grounds with lush shrubs, decorative rock and miniature date palm trees, garage parking, patios and an on-site laundry facility. The property has an excellent Location near the major cross streets of Beach Boulevard and Lampson Avenue, a high demand rental market of East Orange County.

Last Agent to Sell the Property

Ignacio Diaz Jr

Investment Capital Real Estate License #01379930 Listed on: 12/14/2017

Last Buyer's Agent

Ignacio Diaz Jr

Investment Capital Real Estate License #01379930 Listed on: 12/14/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 16,552 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 12 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 10,134 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 592
  • Assessor Parcel Number 13159212

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,800
  • Insurance Expense $3,660
  • Pest Control $1,200
  • Trash Expense $2,004
  • Water Sewer Expense $6,324
  • New Taxes Expense $35,057
  • Operating Expense $53,645
  • Gross Income $180,600
  • Net Operating Income $123,379

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.38 Acres

Parking

12

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • Water Sewer Expenses: 6324.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 13159212
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 280.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 2004.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 16552.00

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 180600.00
  • Gross Operating Income: 175224.00
  • Gross Scheduled Income: 178800.00
  • Insurance Expense: 3660.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1800.00
  • Net Operating Income: 123379.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 53645.00
  • Rent Control: No
  • Total Expenses: 53645.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 35057.00
  • Tax Census Tract: 881.06
  • Tax Lot: 12
  • Tax Tract Number: 592
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/15/2018 03/15/18 Sold $2,840,000 -2.1% $280 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
12/14/2017 12/14/17 For Sale $2,900,000 -- $286 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,483 $1,615,715 $1,137,830 $477,885
2024 $19,483 $1,584,035 $1,115,520 $468,515
2023 $19,127 $1,552,976 $1,093,647 $459,329
2022 $18,724 $1,522,526 $1,072,203 $450,323
2021 $18,541 $1,492,673 $1,051,179 $441,494
2020 $18,285 $1,477,368 $1,040,400 $436,968
2019 $17,937 $1,448,400 $1,020,000 $428,400
2018 $14,855 $1,173,000 $841,500 $331,500
2017 $8,106 $560,068 $351,167 $208,901
2016 $7,803 $549,087 $344,282 $204,805
2015 $7,699 $540,840 $339,111 $201,729
2014 $7,531 $530,246 $332,468 $197,778
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17275140

California Regional Multiple Listing Service (CRMLS)
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