$1,550,000
SOLD JUL 17, 2013

1800 N Spurgeon St Santa Ana, CA 92706

Santa Ana Triangle Neighborhood
-- Bed
1 Bath
10,780 Sq Ft
9,300 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

4% Below List Price

207 Days on Market

About This Home

As of August 2015

The subject property consists of (14) extremely large Jr. 1BA/1BA units, Patios/Balconies, Covered Parking, Wall A/C, Individual Water Heaters, laundry facilities. The exceptionaly large units are highly desirable to tenants allowing a new owner to realize significantly higher rents more coparable to other large unit in the area. *A Jr. 1BR/1BA unit is legally a Studio unit. Each unit is approximately 770 sq.ft. and many have partitions dividing the bedroom area from the living area.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 11/15/2012

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 11/15/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Parking

  • 14 Parking Spaces

Home Design

  • 10,780 Sq Ft Home
  • Frame Construction
  • Stucco

Additional Features

  • 1 Bathroom
  • 9,300 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 00314111

Community Details

Overview

  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $3,226
  • Maintenance Expense $12,522
  • Other Expense $500
  • Professional Management Expense $4,200
  • Trash Expense $6,601
  • Water Sewer Expense $6,601
  • New Taxes Expense $20,539
  • Gross Income $12,809
  • Net Operating Income $91,353

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • CapRate: 5.66
  • Price Per Unit: 115357
  • Professional Management Expense: 4200.00
  • View: No
  • Water Sewer Expenses: 6601.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 00314111
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 143.78

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 14.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 6601.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 9300.00
  • Lot Size Acres: 0.2130

Multi Family

  • Gross Income: 12809.00
  • Gross Multiplier: 10.51
  • Gross Scheduled Income: 153708.00
  • Gross Spendable Income: 25066.00
  • Insurance Expense: 3226.00
  • Lot Size Area: 9300.0000 Square Feet
  • Maintenance Expense: 12522.00
  • Net Operating Income: 91353.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 54669.00
  • Operating Expense Percent: 36.00
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Vacancy Allowance: 7685
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 20539.00

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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
08/20/2015 08/20/15 Sold $2,175,000 -4.4% $202 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $2,275,000 +46.8% $211 / Sq Ft
07/17/2013 07/17/13 Sold $1,550,000 -4.0% $144 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $1,615,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jay Skenderian

    Seller's Agent in 2015

    Jay Skenderian

    Morgan Skenderian

    (949) 251-8800

    18 Total Sales

    Jay Skenderian
    Section Image
  • Rick Applebaum

    Buyer's Agent in 2015

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    63 Total Sales

    Rick Applebaum
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P841237

California Regional Multiple Listing Service (CRMLS)

APN: 003-141-11

California Orange County Santa Ana 92706 Santa Ana Triangle

1800 N Spurgeon St, Santa Ana, CA

This home is located at 1800 N Spurgeon St, Santa Ana, CA 92706 and is currently priced at $1,550,000, approximately $143 per square foot. This property was built in 1984. 1800 N Spurgeon St is a home located in Orange County with nearby schools including Sierra Preparatory Academy, Santa Ana High School, and El Sol Santa Ana Science And Arts Academy.

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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.

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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