NOT LISTED FOR SALE

130 W Hoover Ave Orange, CA 92867

3 Beds
2 Baths
12,800 Sq Ft
18,426 Sq Ft Lot

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
  • 18,432 Sq Ft 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

0.42 Acres

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 Rate: 5.00

Tax Info

  • New Taxes Expense: 28364.00
  • Tax Lot: 375
  • Tax Tract Number: 283
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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 $22,398 $1,904,082 $1,108,835 $795,247
2024 $22,398 $1,866,748 $1,087,094 $779,654
2023 $21,884 $1,830,146 $1,065,779 $764,367
2022 $21,444 $1,794,261 $1,044,881 $749,380
2021 $20,868 $1,759,080 $1,024,393 $734,687
2020 $20,673 $1,741,043 $1,013,889 $727,154
2019 $20,430 $1,706,905 $994,008 $712,897
2018 $20,124 $1,673,437 $974,518 $698,919
2017 $17,284 $1,443,014 $954,937 $488,077
2016 $16,962 $1,414,720 $936,213 $478,507
2015 $16,712 $1,393,470 $922,150 $471,320
2014 $16,358 $1,366,174 $904,086 $462,088
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S691223

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.