NOT LISTED FOR SALE

162 S Esplanade St Orange, CA 92869

Estimated Value: $1,004,704 - $1,960,000

2 Beds
1 Bath
1,812 Sq Ft
$724/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $880,000 $486 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,723/month

22 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Bungalow
  • El Modena High School Rated A-
  • Laundry Room
  • Family Room

About This Home

As of June 2022

You found your exchange property. Incredible opportunity. With some minor upgrades to these two units will produce roughly 3 times the rent. First time on the market in over 4 decades, this detached duplex has two one car garages dividing the units. Each unit has 2 bedrooms and 1 bath and its own large yard. Both units have separate meters for all utilities. Both units have their own outdoor space, that is fenced. Bathrooms in each unit have been updated. Tenants are month to month and current. Walking distance to public transportation, shopping centers, Centrally located to Chapman University, Santiago College, freeway access to the 55/22 and the 5, and the Toll Road. Excellent Investment Opportunity to own in the City of Orange. DRIVE BY ONLY! PLEASE DO NOT DISTURB TENANTS. Tenants vacate on May 30, 2022

Last Agent to Sell the Property

Kathy Clark

Harcourts Blue Water License #01327396 Listed on: 04/06/2022

Harcourts Blue Water

Co-Listed By

Brenna Van Hoogenstyn

Harcourts Blue Water License #02068999

Last Buyer's Agent

Josh Sitea

Newport Development Group License #01313298

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,149

Year Built

  • Built in 1950

Lot Details

  • 6,068 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 1,812 Sq Ft Home
  • 1-Story Property
  • Family Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Assessor Parcel Number 39221105
  • $500 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,278
  • Operating Expense $1,278
  • Gross Income $17,970
  • Net Operating Income $17,970

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,149

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 449500
  • Property Attached: No
  • Subdivision Name Other: El Modena
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 39221105
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 485.65
  • Room Type: Family Room

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 6068.00
  • Lot Size Acres: 0.1393

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average Studio Area: 908 Square Feet
  • Gross Income: 17970.00
  • Gross Scheduled Income: 19548.00
  • Insurance Expense: 1278.00
  • Lot Size Area: 6068.0000 Square Feet
  • Net Operating Income: 17970.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 1578.00
  • Rent Control: No
  • Total Actual Rent: 1629.00
  • Total Expenses: 1278.00

Tax Info

  • Tax Area: 08004
  • Tax Census Tract: 758.07
  • Tax Lot: 1
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2021
Sold by
Helen Hopkins Ruby
Bought by
Hopkins Family Trust
Current Estimated Value
$1,311,176

Purchase Details

Closed on
Aug 14, 2021
Sold by
King Marie Helen and Hopkins Family Trust
Bought by
King Marie Helen
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hopkins Family Trust -- --
King Marie Helen -- None Available
Hopkins Family Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2022 06/13/22 Sold $880,000 -2.1% $486 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $899,000 +2.2% $496 / Sq Ft
04/19/2022 04/19/22 Off Market $880,000 -- --
04/06/2022 04/06/22 For Sale $899,000 -- $496 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,149 $926,927 $829,513 $97,414
2024 $10,149 $908,752 $813,248 $95,504
2023 $9,759 $875,160 $797,302 $77,858
2022 $7,901 $700,000 $628,732 $71,268
2021 $1,294 $75,887 $19,249 $56,638
2020 $1,281 $75,109 $19,051 $56,058
2019 $1,271 $73,637 $18,678 $54,959
2018 $1,253 $72,194 $18,312 $53,882
2017 $1,214 $70,779 $17,953 $52,826
2016 $1,194 $69,392 $17,601 $51,791
2015 $1,176 $68,350 $17,336 $51,014
2014 $1,151 $67,012 $16,997 $50,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22066651

California Regional Multiple Listing Service (CRMLS)

APN: 392-211-05