NOT LISTED FOR SALE

1430 E Locust Ave Orange, CA 92867

2 Beds
2 Baths
3,552 Sq Ft
7,405 Sq Ft Lot

Last Sold June 19, 2017

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

6 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 1-Story Property

About This Home

As of June 2017

Pride of ownership four-plex in Orange. Owner manager always maintained the property. 1416 E. Locust next door also available. Great opportunity to purchase eight units in one of the best neighborhoods in orange county.

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

  • 7,405 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Sprinkler System

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Asphalt Roof

Interior Spaces

  • 3,552 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 3053
  • Assessor Parcel Number 37551108

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $430
  • Insurance Expense $750
  • Trash Expense $622
  • Water Sewer Expense $1,675
  • New Taxes Expense $13,200
  • Operating Expense $16,677
  • Gross Income $73,300
  • Net Operating Income $56,623

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: 1675.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 37551108
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 304.05

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

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

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Sprinkler System
  • Lot Size Sq Ft: 7405.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 430.00
  • Gross Income: 73300.00
  • Gross Scheduled Income: 73300.00
  • Insurance Expense: 750.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1320.00
  • Net Operating Income: 56623.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 16677.00
  • Rent Control: No
  • Total Expenses: 16677.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Census Tract: 762.06
  • Tax Lot: 27
  • Tax Tract Number: 3053

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2017 06/19/17 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

    7 Total Sales

    Stuart Galentine
    Section Image
  • Jennifer Lee

    Buyer's Agent in 2017

    Jennifer Lee

    RE/MAX

    (626) 734-7898

    59 Total Sales

    Jennifer Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17091014

California Regional Multiple Listing Service (CRMLS)

APN: 375-511-08

California Orange County Orange 92867

1430 E Locust Ave, Orange, CA

Not Listed for Sale

MultiFamily

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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.

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