NOT LISTED FOR SALE

18825 E Pearl Ave Orange, CA 92869

8 Beds
4 Baths
3,162 Sq Ft
6,719 Sq Ft Lot

Last Sold January 22, 2013

Last sale price $725,000 $229 Per Sq Ft

3 Days on Market

Highlights

  • Contemporary Architecture
  • Tile Flooring
  • No Heating
  • El Modena High School Rated A-
  • Wood Siding

About This Home

As of January 2013

Fantastic income property in the city of Orange. This is a duplex, each unit has 4 bedrooms, a retreat off the master (currently being used as an additional bedroom) and 2 1/2 baths. Rent is $2,400 for each unit, both tenants long term and stable. Both units have a 2 car garage. The property has recently been renovated, all units have been freshly painted (inside & out), new carpet with new baseboards installed in both units, new tile, toilets, and pedestals in most of the bathrooms, new light fixtures, microwaves, and new landscaping. Drive by only - do not disturb tenants.

Last Agent to Sell the Property

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374 Listed on: 12/19/2012

Coldwell Banker Platinum Prop

Last Buyer's Agent

Ruth Jacobs

Coldwell Banker Platinum Prop License #00785117

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,719

Parking

  • 4 Car Garage
  • Two Garage Doors
  • Assigned Parking

Home Design

  • 3,162 Sq Ft Home
  • Contemporary Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,719 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 22 / A
  • Tax Tract Number 223
  • Assessor Parcel Number 38327148

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,224
  • Water Sewer Expense $720
  • New Taxes Expense $7,760
  • Gross Income $4,800
  • Net Operating Income $46,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.25
  • View: No
  • Water Sewer Expenses: 720.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 38327148
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 229.29

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Assigned, Garage - Two Door
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6719.00
  • Lot Size Acres: 0.1540

Multi Family

  • Gross Income: 4800.00
  • Gross Multiplier: 13.02
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 2224.00
  • Net Operating Income: 46896.00
  • 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: 10704.00

Tax Info

  • New Taxes Expense: 7760.00
  • Tax Area: 76173
  • Tax Block: A
  • Tax Lot: 22
  • Tax Tract Number: 223

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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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2013 01/22/13 Sold $725,000 -3.3% $229 / Sq Ft
12/22/2012 12/22/12 Pending -- -- --
12/19/2012 12/19/12 For Sale $749,900 -- $237 / 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 $9,999 $892,780 $566,706 $326,074
2024 $9,999 $875,275 $555,594 $319,681
2023 $9,762 $858,113 $544,700 $313,413
2022 $9,559 $841,288 $534,020 $307,268
2021 $9,296 $824,793 $523,549 $301,244
2020 $9,212 $816,336 $518,180 $298,156
2019 $9,099 $800,330 $508,020 $292,310
2018 $8,963 $784,638 $498,059 $286,579
2017 $8,597 $769,253 $488,293 $280,960
2016 $8,434 $754,170 $478,719 $275,451
2015 $8,464 $742,842 $471,528 $271,314
2014 $8,290 $728,291 $462,291 $266,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S720956

California Regional Multiple Listing Service (CRMLS)

APN: 383-271-48