NOT LISTED FOR SALE
4 Beds
2 Baths
3,302 Sq Ft
7,405 Sq Ft Lot

Last Sold February 23, 2022

Last sale price $1,200,000 $363 Per Sq Ft

24 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 5-minute walk to Madison Park
  • Laundry Room

About This Home

As of February 2022

All 2 Bedroom units, each with a single car garage. This is the lowest priced 4 units with all 2 bedrooms in Orange County! Plus Santa Ana is known for some of the highest rents in Central and North O.C. Three of the kitchens have been updated plus a newer central hot water heater and newer exterior stairs. Exterior of Apartment Building was recently painted. Tenants enjoy lots of open common area between concrete courtyard and fenced front yard. Strong rental area with long term tenants. Separate Gas and Electric meters help keep owner's costs down. Two blocks to the local elementary school and very close to bus stops and shopping. Sold in "as is" Condition.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 12/04/2021

Last Buyer's Agent

Richard Bell

Bell Realty Group License #01344469 Listed on: 12/04/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,302 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 28
  • Tax Tract Number 3594
  • Assessor Parcel Number 01424211
  • $980 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Fuel Expense $800
  • Gardener Expense $720
  • Insurance Expense $1,879
  • Maintenance Expense $2,400
  • Other Expense $1,200
  • Supplies Expense $400
  • Trash Expense $2,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $14,097
  • Operating Expense $29,046
  • Gross Income $61,800
  • Net Operating Income $30,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 300000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Supplies Expense: 400.00
  • View: No
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 01424211
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 363.42

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700
  • Latitude Manual: 33.72505400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 200.00
  • Fuel Expense: 800.00
  • Gross Income: 61800.00
  • Gross Operating Income: 59946.00
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 1879.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 30900.00
  • 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
  • Number With Range: 4
  • Operating Expense: 29046.00
  • Other Expense: 1200.00
  • Other Expense Description: reserve
  • Other Income Description: Laundry rm. currently not used
  • Rent Control: Yes
  • Total Actual Rent: 5150.00
  • Total Expenses: 29046.00
  • Vacancy Allowance: 1854

Tax Info

  • New Taxes Expense: 14097.00
  • Tax Census Tract: 745.02
  • Tax Lot: 28
  • Tax Tract Number: 3594
  • TaxOtherAnnualAssessmentAmount: 980.00

Range of Values:

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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 Change Sq Ft Price
02/23/2022 02/23/22 Sold $1,200,000 0.0% $363 / Sq Ft
12/15/2021 12/15/21 Price Changed $1,200,000 +3.0% $363 / Sq Ft
12/04/2021 12/04/21 For Sale $1,165,000 +92.8% $353 / Sq Ft
11/22/2013 11/22/13 Sold $604,200 +27.2% $183 / Sq Ft
10/09/2013 10/09/13 Pending -- -- --
10/01/2013 10/01/13 For Sale $475,000 -- $144 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21259319

California Regional Multiple Listing Service (CRMLS)

APN: 014-242-11