T
Seller's Agent in 2018
Tom Williams
Windsor Inv., Inc.
(714) 423-6681
4 in this area
24 Total Sales
1527 E Walnut Ave Orange, CA 92867
6
Beds
5
Baths
15,572
Sq Ft
0.98
Acres
Highlights
- 42,835 Sq Ft lot
- Laundry Room
- Carpet
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- 1-Story Property
About This Home
As of May 2018Great opportunity to purchase an impressive single level apartment complex in a highly desirable neighborhood in the City of Orange. The buildings are situated on a well designed 0.98 acre lot. The 18 unit Walnut Apartments features several different life style floor plans. The property consists of (2) 2 Bedroom, 2 Bath apartments and (16) 2 Bedroom, 1 Bath plans. Each unit is highlighted by a convenient block wall front court yard, private fenced rear yard, and a single car garage with an additional parking space. This prime Orange location is in a strong rental market and provides tenants easy access to schools, freeways and employment. There is very strong upside potential as the average rents are currently below market. This multi family development has never before been available to the market. Please note there are two adjacent parcels containing 9 units each with a common driveway. 1527 E. Walnut Avenue and 1541 E. Walnut Avenue. APN: 386-191-13 & 14.
Last Agent to Sell the Property
Windsor Inv., Inc. License #00766458 Listed on: 04/24/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.98 Acre Lot
- Two or More Common Walls
- 386-191-14
Parking
- 18 Open Parking Spaces
- 18 Car Garage
Home Design
- Apartment
Interior Spaces
- 15,572 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Sewer Paid
Listing and Financial Details
- Tax Lot Chap
- Tax Tract Number 8
- Assessor Parcel Number 38619113
Community Details
Overview
- 2 Buildings
- 18 Units
Amenities
- Laundry Facilities
Building Details
- 18 Leased Units
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $5,503
- Insurance Expense $5,221
- Maintenance Expense $36,664
- Professional Management Expense $12,202
- Trash Expense $1,689
- Water Sewer Expense $2,848
- New Taxes Expense $57,898
- Operating Expense $122,025
- Gross Income $305,062
- Net Operating Income $176,936
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/21/2018 05/21/18 | Sold | $5,500,000 | +1.9% | $353 / Sq Ft |
| 05/04/2018 05/04/18 | Pending | -- | -- | -- |
| 04/24/2018 04/24/18 | For Sale | $5,395,000 | -- | $346 / 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 | $40,349 | $3,661,167 | $3,183,624 | $477,543 |
| 2024 | $40,349 | $3,589,380 | $3,121,200 | $468,180 |
| 2023 | $39,455 | $3,519,000 | $3,060,000 | $459,000 |
| 2022 | $38,689 | $3,450,000 | $3,000,000 | $450,000 |
| 2021 | $32,468 | $2,890,740 | $2,049,798 | $840,942 |
| 2020 | $32,168 | $2,861,100 | $2,028,780 | $832,320 |
| 2019 | $31,769 | $2,805,000 | $1,989,000 | $816,000 |
| 2018 | $10,411 | $778,845 | $437,564 | $341,281 |
| 2017 | $10,026 | $763,574 | $428,984 | $334,590 |
| 2016 | $9,845 | $748,602 | $420,572 | $328,030 |
| 2015 | $9,699 | $737,358 | $414,255 | $323,103 |
| 2014 | $9,494 | $722,915 | $406,141 | $316,774 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Williams
-
Daniel Blackwell
Buyer's Agent in 2018
Daniel Blackwell
CB Richard Ellis, Inc.
(949) 423-6111
1 in this area
51 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18095029
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.
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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