NOT LISTED FOR SALE

18796 E Spring St Orange, CA 92869

6 Beds
5 Baths
2,850 Sq Ft
9,583 Sq Ft Lot

Last Sold October 06, 2017

Last sale price $760,000 $267 Per Sq Ft

10 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Forced Air Heating System
  • El Modena High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence

About This Home

As of October 2017

GREAT OPPORTUNITY TO PURCHASE A 3 UNIT APARTMENT COMPLEX IN THE CITY OF ORANGE. THIS IDEALLY LOCATED BUILDING IS DIRECTLY ACROSS THE STREET FROM LA PURISIMA CATHOLIC CHURCH AND SCHOOL. THE 2,850 SQUARE FOOT BUILDING OFFERS SPACIOUS LIVING QUARTERS. UNIT #A IS A SINGLE LEVEL APARTMENT ABOVE THE GARAGES CONSISTING OF 2 BEDROOMS AND 1 BATHROOM, UNIT #B IS SINGLE STORY WITH 2 BEDROOMS, 1.5 BATHROOMS, AND UNIT #C IS SINGLE STORY WITH 2 BEDROOMS AND 1.5 BATHROOMS. EACH UNIT HAS A ONE CAR GARAGE. THERE ARE 4 ADDITIONAL PARKING SPACES PLUS STREET PARKING. SEPARATELY METERED FOR GAS AND ELECTRIC. LONG TERM TENANTS IN ALL UNITS. GREAT UPSIDE POTENTIAL!

Last Agent to Sell the Property

Tom Williams

Windsor Inv., Inc. License #00766458 Listed on: 09/11/2017

Last Buyer's Agent

Hoyt Hochman

Platinum Properties R.E. License #01211717

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,850 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 447
  • Assessor Parcel Number 38308164

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Fuel Expense $780
  • Gardener Expense $1,200
  • Insurance Expense $3,332
  • Maintenance Expense $1,200
  • Trash Expense $588
  • Water Sewer Expense $2,268
  • New Taxes Expense $8,258
  • Operating Expense $17,987
  • Gross Income $38,100
  • Net Operating Income $20,113

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2268.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 38308164
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 266.67
  • Room Type: Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Trash Expense: 588.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 9583.00

Multi Family

  • Electric Expense: 360.00
  • Fuel Expense: 780.00
  • Gross Income: 38100.00
  • Gross Operating Income: 38100.00
  • Gross Scheduled Income: 38100.00
  • Insurance Expense: 3332.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 20113.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Range: 3
  • Operating Expense: 17987.00
  • Rent Control: No
  • Total Actual Rent: 3175.00
  • Total Expenses: 17987.00

Tax Info

  • New Taxes Expense: 8258.00
  • Tax Census Tract: 219.13
  • Tax Lot: 14
  • Tax Tract Number: 447
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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
10/06/2017 10/06/17 Sold $760,000 -4.9% $267 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $799,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,059 $864,747 $759,206 $105,541
2024 $10,059 $847,792 $744,320 $103,472
2023 $9,809 $831,169 $729,725 $101,444
2022 $9,594 $814,872 $715,417 $99,455
2021 $9,337 $798,895 $701,390 $97,505
2020 $9,253 $790,704 $694,198 $96,506
2019 $9,142 $775,200 $680,586 $94,614
2018 $9,008 $760,000 $667,241 $92,759
2017 $3,957 $290,972 $154,403 $136,569
2016 $3,889 $285,267 $151,375 $133,892
2015 $4,062 $280,983 $149,102 $131,881
2014 $3,986 $275,479 $146,181 $129,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17209806

California Regional Multiple Listing Service (CRMLS)

APN: 383-081-64