NOT LISTED FOR SALE

1846 W Culver Ave Orange, CA 92868

Orange Area
8 Beds
5 Baths
11,514 Sq Ft
0.62 Acre Lot

Sale Details

Date Sold: June 24, 2016

Last sale price $3,815,000 $331 Per Sq Ft

25 Days on Market

Highlights

  • 26,928 Sq Ft lot
  • Landscaped
  • Rectangular Lot
  • No HOA

About This Home

As of June 2016

Well located apartment complex consisting of 2 buildings plus separate garages and surface parking. Laundry room on site with contracted laundry service.

Last Agent to Sell the Property

Steven Lewallen

Steven Lewallen, Broker License #01068304 Listed on: 04/11/2016

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 26,928 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 14 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 11,514 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 39030325

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 15 Units

Building Details

  • 11 Leased Units
  • 14 Separate Electric Meters
  • Electric Expense $2,343
  • Insurance Expense $2,226
  • Professional Management Expense $13,395
  • Trash Expense $900
  • Water Sewer Expense $5,057
  • New Taxes Expense $37,230
  • Gross Income $23,500
  • Net Operating Income $192,768

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0.62 Acres

Parking

14

Listing Details

  • Professional Management Expense: 13395.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5057.00
  • Property Type: Residential Income
  • Parcel Number: 39030325
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 331.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 60.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Level, Landscaped, Rectangular Lot, Paved
  • Lot Size Sq Ft: 26928.00
  • Price Per Lot Square Foot: 141.67

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 2343.00
  • Gross Income: 23500.00
  • Gross Scheduled Income: 282000.00
  • Insurance Expense: 2226.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 192768.00
  • Number Of Separate Electric Meters: 14
  • Number Of Units Leased: 11
  • Number Of Units Total: 15
  • Operating Expense: 75578.00
  • Rent Control: No
  • Total Actual Rent: 13960.00

Tax Info

  • New Taxes Expense: 37230.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 15, 2016
Sold by
Bought by
Seller's Agent
Steven Lewallen
Steven Lewallen, Broker
Buyer's Agent
Rick Applebaum
Morgan Skenderian
List Price
$3,650,000
Sold Price
$3,815,000
Premium/Discount to List
$165,000
4.52%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,815,000 Commonwealth Land Title Co
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/24/2016 06/24/16 Sold $3,815,000 +4.5% $331 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $3,650,000 -- $317 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $51,663 $4,606,509 $3,423,189 $1,183,320
2025 $50,511 $4,516,186 $3,356,068 $1,160,118
2024 $50,511 $4,427,634 $3,290,263 $1,137,371
2023 $49,382 $4,340,818 $3,225,748 $1,115,070
2022 $48,415 $4,255,704 $3,162,498 $1,093,206
2021 $47,080 $4,172,259 $3,100,488 $1,071,771
2020 $46,641 $4,129,478 $3,068,696 $1,060,782
2019 $46,065 $4,048,508 $3,008,525 $1,039,983
2018 $45,368 $3,969,126 $2,949,534 $1,019,592
2017 $43,510 $3,891,300 $2,891,700 $999,600
2016 $3,249 $1,766,632 $788,166 $978,466
2015 $3,197 $1,739,763 $776,327 $963,436
2014 $3,134 $1,705,907 $761,120 $944,787
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16080544

California Regional Multiple Listing Service (CRMLS)
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