NOT LISTED FOR SALE

18641 E Pearl Ave Orange, CA 92869

1 Bed
1 Bath
2,400 Sq Ft
6,098 Sq Ft Lot

Last Sold March 09, 2022

Last sale price $980,000 $408 Per Sq Ft

2 Days on Market

Highlights

  • View of Trees or Woods
  • Contemporary Architecture
  • Hiking Trails
  • El Modena High School Rated A-
  • No HOA
  • Tile Countertops

About This Home

As of March 2022

Great pricing on a long-term resident four units in a well-established family area. Close to everything that is OC, Angel Stadium, Disneyland, shopping centers and social centers and nature areas. Property is gated for security and has a private common area where all tenants have a garage and a common laundry room. There is extra parking so each tenant may park two cars on site. Utilities are separately metered. One vacancy in seven years' ownership that was immediately rented.

Last Agent to Sell the Property

Cynthia Metzger

Seaquest Ventures Realty License #00606813 Listed on: 12/28/2021

Last Buyer's Agent

Cynthia Metzger

Seaquest Ventures Realty License #00606813 Listed on: 12/28/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in average condition
  • Level Lot

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Shared Driveway
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Kitchen

  • Gas Range
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 17 / 3
  • Tax Tract Number 815
  • Assessor Parcel Number 09311238
  • $1,296 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $680
  • Fuel Expense $365
  • Insurance Expense $1,158
  • Maintenance Expense $5,840
  • Trash Expense $906
  • Water Sewer Expense $2,158
  • Operating Expense $11,107
  • Gross Income $56,160
  • Net Operating Income $47,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2158.00
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 09311238
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 408.33
  • Room Type: Kitchen

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Trees/Woods
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Side, Shared Driveway
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 906.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 680.00
  • Fuel Expense: 365.00
  • Gross Income: 56160.00
  • Gross Scheduled Income: 58479.00
  • Insurance Expense: 1158.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2319.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 5840.00
  • Net Operating Income: 47372.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 11107.00
  • Rent Control: No
  • Total Expenses: 11107.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 219.13
  • Tax Lot: 17
  • Tax Tract Number: 815
  • TaxOtherAnnualAssessmentAmount: 1296.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
03/09/2022 03/09/22 Sold $980,000 +3.2% $408 / Sq Ft
01/15/2022 01/15/22 For Sale $950,000 -3.1% $396 / Sq Ft
01/02/2022 01/02/22 Off Market $980,000 -- --
12/30/2021 12/30/21 Pending -- -- --
12/28/2021 12/28/21 For Sale $950,000 +46.2% $396 / Sq Ft
05/01/2014 05/01/14 Sold $650,000 0.0% $271 / Sq Ft View Prior Sale
05/01/2014 05/01/14 Pending -- -- --
03/23/2014 03/23/14 For Sale $650,000 +39.8% $271 / Sq Ft
07/25/2013 07/25/13 Sold $465,000 +3.3% $235 / Sq Ft View Prior Sale
06/14/2013 06/14/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $450,000 -- $227 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cynthia Metzger

    Seller's Agent in 2022

    Cynthia Metzger

    Seaquest Ventures Realty

    (562) 598-6918

    1 in this area

    9 Total Sales

    Cynthia Metzger
    Section Image

  • M

    Seller's Agent in 2014

    Michael Parker

    Michael J. Parker, Broker

  • H

    Seller Co-Listing Agent in 2014

    Heinz Neubauer

    First Services

  • D

    Seller's Agent in 2013

    David Kelley

    First Team Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21269393

California Regional Multiple Listing Service (CRMLS)

APN: 093-112-38

California Orange County Orange 92869

18641 E Pearl Ave, Orange, CA

Not Listed for Sale

MultiFamily

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