Seller's Agent in 2019
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
1 in this area
54 Total Sales
1819 E Grove Ave Orange, CA 92865
2
Beds
1
Bath
3,460
Sq Ft
6,534
Sq Ft Lot
Highlights
- Double Pane Windows
- Laundry Room
- Vinyl Flooring
- Villa Park High School Rated A
- 4 Car Garage
- 1-Story Property
About This Home
As of August 2019This nicely renovated four-unit multifamily property is located near Downtown Orange, California. The asset offers 100% two-bedroom / one-bathroom units. The property is renovated inside, and nicely landscaped in the front. There are four garages, plus two extra rented spots being units by the tenants, which is a nice amenity in the densely populated city. Each unit also has washer and dryer hookups. The unit amenities are comprised of new cabinets, countertops, vanities, and flooring. Each unit is individually metered for gas & electricity and there is no owner gas or electric bill. The exterior renovation in 2018 included new asphalt, double pane vinyl windows, and exterior paint.
This property is in a central City of Orange location across from the Mall of Orange and right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city.
Last Agent to Sell the Property
Mark Bridge, Broker License #01316702 Listed on: 04/29/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 6,534 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Composition Roof
- Stucco
Interior Spaces
- 3,460 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Vinyl Flooring
Kitchen
- Gas Oven
- Gas Range
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas, parking fee
- Tax Lot 372
- Tax Tract Number 311
- Assessor Parcel Number 37231106
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $780
- Insurance Expense $2,208
- Maintenance Expense $2,000
- Other Expense $1,500
- Pest Control $600
- Trash Expense $916
- Water Sewer Expense $1,380
- New Taxes Expense $13,200
- Operating Expense $22,384
- Gross Income $85,008
- Net Operating Income $62,424
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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 | Prior Sale |
|---|---|---|---|---|---|
| 08/14/2019 08/14/19 | Sold | $1,200,000 | -4.0% | $347 / Sq Ft | |
| 04/29/2019 04/29/19 | For Sale | $1,250,000 | +76.1% | $361 / Sq Ft | |
| 12/17/2013 12/17/13 | Sold | $710,000 | -7.7% | $205 / Sq Ft | View Prior Sale |
| 11/01/2013 11/01/13 | Pending | -- | -- | -- | |
| 10/14/2013 10/14/13 | For Sale | $769,000 | -- | $222 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,679 | $1,312,373 | $1,148,328 | $164,045 |
| 2024 | $14,679 | $1,286,641 | $1,125,812 | $160,829 |
| 2023 | $14,351 | $1,261,413 | $1,103,737 | $157,676 |
| 2022 | $14,070 | $1,236,680 | $1,082,095 | $154,585 |
| 2021 | $13,682 | $1,212,432 | $1,060,878 | $151,554 |
| 2020 | $13,556 | $1,200,000 | $1,050,000 | $150,000 |
| 2019 | $10,663 | $918,000 | $812,554 | $105,446 |
| 2018 | $9,072 | $764,930 | $652,988 | $111,942 |
| 2017 | $8,709 | $749,932 | $640,184 | $109,748 |
| 2016 | $8,545 | $735,228 | $627,631 | $107,597 |
| 2015 | $8,420 | $724,185 | $618,204 | $105,981 |
| 2014 | $8,241 | $710,000 | $606,095 | $103,905 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Bridge
-
Michael Pacaud
Buyer's Agent in 2019
Michael Pacaud
Expert Real Estate Services
(714) 336-7463
1 in this area
8 Total Sales
-
M
Seller's Agent in 2013
Matthew Reyna
Coldwell Banker Realty
-
Vince Campion
Seller Co-Listing Agent in 2013
Vince Campion
Coldwell Banker Realty
(714) 524-4100
2 in this area
63 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2013
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
24 in this area
6,245 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19095702
APN: 372-311-06
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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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