$760,000
SOLD DEC 30, 2024
3 Beds
2 Baths
1,352 Sq Ft
3,500 Sq Ft Lot

Recently Sold

$562 Per Sq Ft

1% Below List Price

35 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Turnkey
  • No HOA
  • Mountainous Community

About This Home

As of December 2024

Prime Investment Opportunity, the perfect investment. This corner lot property features two charming units, ideal for Bed & Breakfast rentals or long-term tenancy. The first unit offers 2 spacious bedrooms and 1 baths, while the second is a 1-bedroom, 1-bath unit. Both are situated on an easy-care lot, perfect for today's drought-conscious living. You'll love the convenience of a detached garage and the property's proximity to key amenities like the Civic Center, vibrant downtown Santa Ana, the Artists Village, Main Place Mall, Santa Ana College, and various public transportation options. With long-time tenants in place, this property boasts an established rental history. However, rents are currently well below market value in this high-demand area, presenting an incredible opportunity for increased returns. Don't miss out on this rare chance to own a versatile and well-located investment property in Santa Ana

Last Agent to Sell the Property

Marcela Herrera

PAK HOME REALTY Brokerage Phone: 909-510-1910 License #01933431 Listed on: 09/26/2024

PAK HOME REALTY

Last Buyer's Agent

CESAR TOVAR

THE MORTGAGE PROS FUNDING, INC License #01353803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,823

Year Built

  • Built in 1914

Lot Details

  • 3,500 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 1,352 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 129
  • Assessor Parcel Number 39858112
  • $376 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mountainous Community

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $1,440
  • Operating Expense $1,440
  • Gross Income $35,400
  • Net Operating Income $33,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,823

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 384500
  • Property Attached: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 39858112
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 562.13
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803

Multi Family

  • Gross Income: 35400.00
  • Gross Scheduled Income: 35400.00
  • Lot Size Area: 3500.0000 Square Feet
  • Net Operating Income: 33960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1440.00
  • Rent Control: No
  • Total Expenses: 1440.00

Tax Info

  • Tax Census Tract: 751.00
  • Tax Lot: 5
  • Tax Tract Number: 129
  • TaxOtherAnnualAssessmentAmount: 376.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Nov 7, 2024
Sold by
Renella James Lucas
Bought by
Jimenez Christopher and Cayetano Elmer
Seller's Agent
Marcela Herrera
PAK HOME REALTY
Buyer's Agent
CESAR TOVAR
THE MORTGAGE PROS FUNDING, INC
List Price
$769,000
Sold Price
$760,000
Premium/Discount to List
-$9,000
-1.17%
Views
95
Current Estimated Value
$788,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,907
Avg. Annual Appreciation
8.69%
Original Mortgage
$722,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2021
Sold by
Renella Jaime R and Renella Carmen
Bought by
Renella James Lucas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 23, 2014
Closed on
Aug 4, 2016
Sold by
Nunez Albino
Bought by
Renella Jaime R and Renella Carmen
Seller's Agent
Ana Esparza
Southland Diamante Realty
Buyer's Agent
Marcela Herrera
PAK HOME REALTY
List Price
$478,900
Sold Price
$427,000
Premium/Discount to List
-$51,900
-10.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$341,600
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2003
Sold by
Nunez Adelfina
Bought by
Nunez Albino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2003
Sold by
Mandujano Josue and Jimenez Karla J
Bought by
Nunez Albino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2003
Sold by
Mandujano Josue and Jimenez Karla J
Bought by
Mandujano Josue and Jimenez Karla J

Purchase Details

Closed on
May 2, 2001
Sold by
Valdez Edith
Bought by
Valdez Abiel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,528
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 2001
Sold by
Valdez Mark
Bought by
Mandujano Josue and Jimenez Karla J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,528
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2000
Sold by
Valdez Dawn E
Bought by
Valdez Mark R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,875
Interest Rate
7.81%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 4, 2000
Sold by
Hanford Robert and Hanford Dora T
Bought by
Valdez Mark R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,875
Interest Rate
7.81%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $760,000 Socal Title Company
Interfamily Deed Transfer -- Wfg National Title Company
Grant Deed $427,000 Ticor Title
Interfamily Deed Transfer -- First American Title Co
Grant Deed $382,000 First American Title Co
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- First American Title Ins Co
Grant Deed $215,000 First American Title Ins Co
Interfamily Deed Transfer -- South Coast Title
Grant Deed $145,000 South Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $722,000 New Conventional
Previous Owner $455,000 Commercial
Previous Owner $341,600 New Conventional
Previous Owner $316,737 New Conventional
Previous Owner $312,100 Unknown
Previous Owner $305,600 Purchase Money Mortgage
Previous Owner $209,293 FHA
Previous Owner $201,528 FHA
Previous Owner $126,875 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $760,000 -1.2% $562 / Sq Ft
12/24/2024 12/24/24 For Sale $769,000 0.0% $569 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/27/2024 10/27/24 Price Changed $769,000 -2.5% $569 / Sq Ft
10/01/2024 10/01/24 Price Changed $789,000 -1.4% $584 / Sq Ft
09/26/2024 09/26/24 For Sale $799,999 +87.4% $592 / Sq Ft
09/16/2016 09/16/16 Sold $427,000 -10.8% $314 / Sq Ft
08/23/2014 08/23/14 For Sale $478,900 -- $353 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,823 $760,000 $717,654 $42,346
2024 $6,823 $578,111 $544,602 $33,509
2023 $6,656 $566,776 $533,924 $32,852
2022 $6,589 $555,663 $523,455 $32,208
2021 $5,465 $457,829 $428,431 $29,398
2020 $5,477 $453,135 $424,038 $29,097
2019 $5,369 $444,250 $415,723 $28,527
2018 $5,163 $435,540 $407,572 $27,968
2017 $5,120 $427,000 $399,580 $27,420
2016 $4,742 $393,917 $370,959 $22,958
2015 $4,683 $388,000 $365,386 $22,614
2014 $3,814 $310,214 $287,600 $22,614
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24200341

California Regional Multiple Listing Service (CRMLS)

APN: 398-581-12