NOT LISTED FOR SALE

1402 E Lincoln Ave Orange, CA 92865

8 Beds
8 Baths
3,662 Sq Ft
0.4 Acres

Last Sold May 18, 2018

Last sale price $1,200,000 $328 Per Sq Ft

174 Days on Market

Highlights

  • 17,424 Sq Ft lot
  • No HOA
  • Laundry Room
  • Villa Park High School Rated A
  • Crown Molding
  • Landscaped

About This Home

As of May 2018

Pride of ownership. No deferred maintenance. 3 of the units were remodeled in 2015 and 2016. with the following amenities: Kitchen has new cabinets and granite counter top, breakfast bar and bathroom vanity. There are stainless steel appliances and all units have interior washers and dryers .There are vertical blinds. There is new wood laminate flooring in the entry, living area and dining area. There is recessed lighting, crown moldings and baseboards. Also included is central air and heat, a one car garage with an extra assigned parking space. All units are 2 bedrooms and 2 full baths. All units are single level. Addresses are 1402 & 1406 E. Lincoln Ave., Orange and 2747 & 2749 N. Canal St., Orange. Unit 1406 E. Lincoln was up-dated by the previous owner which included new kitchen cabinets, counter tops, stove and dishwasher. Most recently the present owner had a new A/C/Forced Air unit installed. Kitchens have vinyl flooring. All units have copper plumbing and sprinklers front and rear. There are 5 electric meters, 5 water meters & 4 gas meters. The roof is approximately 10 years old. See actual rents below.

Last Agent to Sell the Property

Mary Ann Petrovich

HomeSmart, Evergreen Realty License #00608848 Listed on: 10/24/2017

Last Buyer's Agent

Kristina Bindi

Keller Williams Realty License #01963432

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre
  • Land Lease of $3,279 per year

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Partial Copper Plumbing

Interior Spaces

  • 3,662 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 1044
  • Assessor Parcel Number 37454103

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $648
  • Gardener Expense $3,120
  • Insurance Expense $903
  • Trash Expense $912
  • Water Sewer Expense $1,128
  • New Taxes Expense $1
  • Operating Expense $6,870
  • Gross Income $90,960
  • Net Operating Income $84,099

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Riverbend
  • Water Sewer Expenses: 1128.00
  • Property Type: Residential Income
  • Gardener Expense: 3120.00
  • Parcel Number: 37454103
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Partial, Crown Molding
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 327.69
  • Room Type: Laundry

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 912.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 3279.00
  • Land Lease Amount Frequency: Annually
  • Lot Features: 0-1 Unit/Acre, Landscaped, Sprinklers In Front
  • Lot Size Sq Ft: 17424.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 648.00
  • Gross Income: 90960.00
  • Gross Scheduled Income: 90960.00
  • Insurance Expense: 903.00
  • Net Operating Income: 84099.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 6861.00
  • Rent Control: No
  • Total Actual Rent: 90960.00
  • Total Expenses: 6870.00

Tax Info

  • New Taxes Expense: 1.25
  • Tax Census Tract: 762.02
  • Tax Lot: 3
  • Tax Tract Number: 1044

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
05/18/2018 05/18/18 Sold $1,200,000 -1.6% $328 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
04/02/2018 04/02/18 Price Changed $1,220,000 -5.8% $333 / Sq Ft
02/26/2018 02/26/18 For Sale $1,295,000 +7.9% $354 / Sq Ft
12/01/2017 12/01/17 Off Market $1,200,000 -- --
10/24/2017 10/24/17 For Sale $1,295,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mary Ann Petrovich

    HomeSmart, Evergreen Realty

    Section Image
  • Kristina Bindi

    Buyer's Agent in 2018

    Kristina Bindi

    Keller Williams Realty

    (949) 351-3924

    6 in this area

    71 Total Sales

    Kristina Bindi
    Section Image
  • Eric Hudes

    Buyer Co-Listing Agent in 2018

    Eric Hudes

    Keller Williams Realty

    (949) 282-0088

    5 in this area

    51 Total Sales

    Eric Hudes
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17238946

California Regional Multiple Listing Service (CRMLS)

APN: 374-541-03

California Orange County Orange 92865

1402 E Lincoln Ave, Orange, CA

Not Listed for Sale

MultiFamily

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