NOT LISTED FOR SALE

130 W Hoover Ave Orange, CA 92867

3 Beds
2 Baths
12,800 Sq Ft
0.42 Acres

Last Sold October 27, 2012

Last sale price $2,720,000 $212 Per Sq Ft

176 Days on Market

Highlights

  • 0.42 Acre Lot
  • Wood Siding
  • No Heating

About This Home

As of October 2012

EXCHANGE BUYERS ALL YOU NEED IS 25% DOWN PAYMENT AND YOU CAN TRADE INTO THIS PRIME ORANGE COUNTY APARTMENT BUILDING. With employment centers all around it this 20 unit apartment building offers an opportunity to operate a business in a very stable marketplace. Featuring 16 one bedroom one bath and 4 two bedroom one bath units that are individually metered for electricity and have had energy efficient lighting installed the property operates at a low expense factor. Parking is made up of six two car and 6 one car garages

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 03/13/2012

Last Buyer's Agent

Ruben Khorsandi

Alliance Investment RE Group License #01085411

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.42

Parking

  • 18 Parking Spaces

Home Design

  • 12,800 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • 0.42 Acre Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 375
  • Tax Tract Number 283
  • Assessor Parcel Number 37528307

Community Details

Overview

  • 2 Buildings
  • 20 Units

Building Details

  • 20 Leased Units
  • 21 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,524
  • Gardener Expense $1,800
  • Insurance Expense $4,489
  • Maintenance Expense $10,403
  • Pest Control $576
  • Professional Management Expense $9,538
  • Trash Expense $1,149
  • Water Sewer Expense $6,457
  • New Taxes Expense $28,364
  • Gross Income $20,408
  • Net Operating Income $157,927

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.69
  • Professional Management Expense: 9538.00
  • View: No
  • Water Sewer Expenses: 6457.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 37528307
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 212.50

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 18.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 576.00
  • Trash Expense: 1149.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 18432.00
  • Lot Size Acres: 0.4230

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1524.00
  • Gross Income: 20408.00
  • Gross Multiplier: 11.33
  • Gross Scheduled Income: 244894.00
  • Gross Spendable Income: 41666.00
  • Insurance Expense: 4489.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 18432.0000 Square Feet
  • Maintenance Expense: 10403.00
  • Net Operating Income: 157927.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 75045.00
  • Vacancy Allowance: 11922
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 28364.00
  • Tax Lot: 375
  • Tax Tract Number: 283

Range of Values:

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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
10/27/2012 10/27/12 Sold $2,720,000 -2.0% $213 / Sq Ft
09/05/2012 09/05/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $2,775,000 -- $217 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2012

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    1 in this area

    18 Total Sales

    Mike Marcu
    Section Image
  • Ruben Khorsandi

    Buyer's Agent in 2012

    Ruben Khorsandi

    Alliance Investment RE Group

    (949) 250-0400

    4 Total Sales

    Ruben Khorsandi
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S691223

California Regional Multiple Listing Service (CRMLS)
California Orange County Orange 92867

130 W Hoover Ave, Orange, CA

This home is located at 130 W Hoover Ave, Orange, CA 92867 since 13 March 2012. This property was built in 1961. 130 W Hoover Ave is a home located in Orange County with nearby schools including California iInspire Academy, Yorba Middle School, and Orange High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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