NOT LISTED FOR SALE

1416 E Locust Ave Orange, CA 92867

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

Sale Details

Date Sold: July 5, 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
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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

10,473 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jun 19, 2017
Sold by
Palmer Enterprises
Bought by
Seller's Agent
Stuart Galentine
Stuart Galentine R.E. Network
Buyer's Agent
Jennifer Lee
RE/MAX 2000 REALTY
List Price
$1,100,000
Sold Price
$1,080,000
Premium/Discount to List
-$20,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$405,919
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2007
Sold by
Palmer Rose C
Bought by
Palmer Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2007
Sold by
Palmer Enterprises
Bought by
Palmer Rose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2004
Sold by
Dolan Michael G and Dolan Marianne C
Bought by
Palmer Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2004
Sold by
Palmer Thomas Michael and Otero Kim
Bought by
Palmer Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2004
Sold by
Palmer Rose C
Bought by
Palmer Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2004
Sold by
Palmer Marianne C and Dolan Marianne C
Bought by
Dolan Michael G and Dolan Marianne C

Purchase Details

Closed on
Jun 3, 2004
Sold by
Depaoli Cecelia J
Bought by
Depaoli Paul S and Depaoli Cecelia J

Purchase Details

Closed on
Aug 31, 1993
Sold by
Palmer Rose C
Bought by
Palmer Thomas M and Palmer Marianne C
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,108,000 First American Title Company
Palmer Enterprises -- Chicago Title Co
Palmer Rose C -- Chicago Title Co
Palmer Enterprises -- United Title Company Ventura
Palmer Enterprises -- United Title Company Ventura
Palmer Enterprises -- United Title Company Ventura
Palmer Enterprises -- United Title Company Ventura
Dolan Michael G -- --
Depaoli Paul S -- --
Palmer Thomas M -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner Palmer Rose C $305,000
Previous Owner Palmer Enterprises $300,000
Previous Owner Palmer Enterprises $300,000
Previous Owner Palmer Enterprises $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,466 $1,285,926 $1,163,684 $122,242
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

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