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
  • Other Phone Description: 714-280-6473
  • Price Per Unit: 275
  • 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

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Stuart Galentine

    Stuart Galentine R.E. Network

    (714) 280-6473

    2 in this area

    9 Total Sales

    Stuart Galentine
    Section Image
  • Jennifer Lee

    Buyer's Agent in 2017

    Jennifer Lee

    RE/MAX

    (626) 734-7898

    56 Total Sales

    Jennifer Lee
    Section Image
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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

California Orange County Orange 92867

1416 E Locust Ave, Orange, CA

This home is located at 1416 E Locust Ave, Orange, CA 92867 since 25 April 2017. This property was built in 1963. 1416 E Locust 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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