NOT LISTED FOR SALE

18771 E Center Ave Orange, CA 92869

Estimated Value: $890,000 - $910,000

4 Beds
2 Baths
1,500 Sq Ft
$602/Sq Ft Est. Value

Last Sold December 05, 2024

Last sale price $870,000 $580 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,967/month

7 Days on Market

Highlights

  • No HOA
  • 1 Car Garage
  • Block Wall Fence
  • El Modena High School Rated A-
  • Rectangular Lot
  • 1-Story Property

About This Home

As of December 2024

Two detached homes (duplex) 18771 & 18773 Center Ave, in high demand rental area. Blocks from El Modena high school. Each unit has 2 bedrooms and 1 bath and it’s own large yard. Both units have separate meters for all utilities. Front house has plenty of space in the frontyard to get creative. Both units have plenty of windows that allow natural light to fill the home. Walking distance to public transportation, shopping centers, Centrally located to Chapman University, Santiago College, freeway access to the 55/22 and the 5, and the Toll Road. Excellent Investment Opportunity to own in the City of Orange

Last Agent to Sell the Property

Jorge Martinez

Jam Realty License #01213945 Listed on: 10/18/2024

Last Buyer's Agent

Consuelo Zambrano

RE/MAX One License #00940690

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,367 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Rectangular Lot

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 15
  • Tax Tract Number 160
  • Assessor Parcel Number 38308237

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $500
  • Gross Income $42,700
  • Net Operating Income $42,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 38308237
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 580.00

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Sq Ft: 5367.00
  • Lot Size Acres: 0.1232

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 42700.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 500.00
  • Lot Size Area: 5367.0000 Square Feet
  • Net Operating Income: 42700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3500.00
  • Rent Control: No

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Nov 6, 2024
Sold by
Haas Steven and Haas Karen
Bought by
Sanchez Luis and Romero Fabiola Aguilar
Seller's Agent
Jorge Martinez
Jam Realty
Buyer's Agent
Consuelo Zambrano
RE/MAX One
List Price
$870,000
Sold Price
$870,000
Views
51
Current Estimated Value
$902,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,522
Avg. Annual Appreciation
3.52%
Original Mortgage
$635,000
Outstanding Balance
$629,162
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$273,360

Purchase Details

Closed on
Oct 11, 1994
Sold by
Haas Steven and Haas Karen
Bought by
Haas Steven and Haas Karen

Purchase Details

Closed on
May 10, 1994
Sold by
Haas Steven and Haas Karen
Bought by
Haas Steven and Haas Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,974
Interest Rate
8.6%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sanchez Luis $870,000 Chicago Title Company
Sanchez Luis $870,000 Chicago Title Company
Haas Steven -- --
Haas Steven -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Luis $635,000
Closed Sanchez Luis $635,000
Previous Owner Haas Steven $101,974
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2024 12/05/24 Sold $870,000 0.0% $580 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $870,000 -- $580 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,855 $870,000 $813,857 $56,143
2024 $2,855 $200,959 $149,742 $51,217
2023 $2,771 $197,019 $146,806 $50,213
2022 $2,698 $193,156 $143,927 $49,229
2021 $2,633 $189,369 $141,105 $48,264
2020 $2,609 $187,428 $139,658 $47,770
2019 $2,583 $183,753 $136,919 $46,834
2018 $2,548 $180,150 $134,234 $45,916
2017 $2,459 $176,618 $131,602 $45,016
2016 $2,417 $173,155 $129,021 $44,134
2015 $2,535 $170,555 $127,083 $43,472
2014 $2,488 $167,215 $124,594 $42,621
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24216445

California Regional Multiple Listing Service (CRMLS)

APN: 383-082-37