NOT LISTED FOR SALE

1416 E Locust Ave Orange, CA 92867

4 Beds
4 Baths
3,552 Sq Ft
10,473 Sq Ft Lot

Last Sold July 05, 2017

Last sale price $1,080,000 $304 Per Sq Ft

6 Days on Market

About This Home

As of July 2017

Pride of ownership 4-plex. Owner manager always maintained this property. 1430 E. Locust next door also available. Great opportunity to own eight units in one of Orange Counties best neighborhoods.

Last Agent to Sell the Property

Stuart Galentine

Stuart Galentine R.E. Network License #00984103 Listed on: 04/25/2017

Last Buyer's Agent

Jennifer Lee

RE/MAX 2000 REALTY License #01863579

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 10,473 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System

Parking

  • 4 Car Garage

Home Design

  • 3,552 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 3053
  • Assessor Parcel Number 37551107

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • Electric Expense $100
  • Insurance Expense $938
  • Trash Expense $622
  • Water Sewer Expense $2,618
  • New Taxes Expense $13,200
  • Operating Expense $17,478
  • Gross Income $72,750
  • Net Operating Income $54,913

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Subdivision Name Other: Orange
  • Water Sewer Expenses: 2618.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 37551107
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 304.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 622.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 10473.00

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 100.00
  • Gross Income: 72750.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 938.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1350.00
  • Net Operating Income: 54913.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 17478.00
  • Rent Control: No
  • Total Expenses: 17478.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Census Tract: 762.06
  • Tax Lot: 28
  • Tax Tract Number: 3053
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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
07/05/2017 07/05/17 Sold $1,080,000 -1.8% $304 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $1,100,000 -- $310 / 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 $14,143 $1,260,712 $1,140,866 $119,846
2024 $14,143 $1,235,993 $1,118,496 $117,497
2023 $13,827 $1,211,758 $1,096,564 $115,194
2022 $13,556 $1,187,999 $1,075,063 $112,936
2021 $13,183 $1,164,705 $1,053,983 $110,722
2020 $13,061 $1,152,763 $1,043,176 $109,587
2019 $12,900 $1,130,160 $1,022,721 $107,439
2018 $12,705 $1,108,000 $1,002,667 $105,333
2017 $8,117 $692,646 $570,603 $122,043
2016 $7,964 $679,065 $559,415 $119,650
2015 $7,848 $668,865 $551,012 $117,853
2014 $7,681 $221,527 $148,564 $72,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17091084

California Regional Multiple Listing Service (CRMLS)

APN: 375-511-07