NOT LISTED FOR SALE

165 S Bush St Orange, CA 92868

5 Beds
4 Baths
2,341 Sq Ft
7,841 Sq Ft Lot

Last Sold August 22, 2014

Last sale price $752,000 $321 Per Sq Ft

123 Days on Market

About This Home

As of August 2014

4-plex in highly desirable City of Orange in an excellent location only about a mile from Chapman University and Historic Old Town Orange also just blocks away from CHOC Hospital, restaurants, schools, place of worship, and shopping. The property features one – 2 Bed / 1 bath unit and three – 1 bedroom / 1 bath units, all are occupied and each unit offers a one car enclosed garage. The property offers lower expenses and the units are separately metered for electrical and gas. Mostly long term tenants, one has lived at the property for over 30 years. Quick and easy access to four major freeways (22, 5, 55 and 57) which is convenient for commuting tenants. This is a solid investment property in the heart of Orange County.

Last Agent to Sell the Property

Robert Castro

UNITED REALTY GROUP License #01359397 Listed on: 04/08/2014

Last Buyer's Agent

David Ash

Access Southland Real Estate License #01054185

Access Southland Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • 2,341 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 04103222

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,573
  • Maintenance Expense $1,656
  • Professional Management Expense $2,760
  • Trash Expense $590
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,789
  • Gross Income $4,600
  • Net Operating Income $36,271

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

7,841 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 2760.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 04103222
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 321.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 590.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 4600.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1573.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 1656.00
  • Net Operating Income: 36271.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17888.00
  • Operating Expense Percent: 32.40
  • Rent Control: No
  • Total Actual Rent: 4600.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8789.00
  • Tax Lot: 0000
  • Tax Tract Number: 000
  • Tax Year: 2013
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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
08/22/2014 08/22/14 Sold $752,000 -5.9% $321 / Sq Ft
08/09/2014 08/09/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $799,000 -- $341 / 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 $10,443 $903,787 $810,102 $93,685
2024 $10,443 $886,066 $794,217 $91,849
2023 $10,206 $868,693 $778,644 $90,049
2022 $10,003 $851,660 $763,376 $88,284
2021 $9,732 $834,961 $748,408 $86,553
2020 $9,641 $826,400 $740,734 $85,666
2019 $9,526 $810,197 $726,210 $83,987
2018 $9,383 $794,311 $711,970 $82,341
2017 $9,007 $778,737 $698,010 $80,727
2016 $8,837 $763,468 $684,323 $79,145
2015 $8,708 $752,000 $674,043 $77,957
2014 $7,106 $600,000 $517,778 $82,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14071851

California Regional Multiple Listing Service (CRMLS)

APN: 041-032-22

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