NOT LISTED FOR SALE

18852 E Vine Ave Orange, CA 92869

Estimated Value: $952,000 - $1,048,000

6 Beds
4 Baths
1,567 Sq Ft
$648/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $620,000 $396 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,954/month

127 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Double Pane Windows
  • El Modena High School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2020

Orange Duplex.

Welcome to an exciting investment opportunity with tremendous upside and cash flow potential. Located in the desirable City of Orange, this 2-unit opportunity is a rare find in this price range. Live in one unit and rent the other, or rent both and see your net worth increase overnight. The first unit is a spacious 3 bedroom home with a full bathroom. The second unit, completely detached from the first is an appropriately sized 2 bedroom and 1 bath unit. The front yard features a long extended driveway and a wonderful addition to this properties curb appeal. The rooms in both units are abundant in size and feature several updates. Enjoy relaxing times on the front porch of both units which are covered and elevated. Opportunities like this one do not last long. Become an investor or extend your investment portfolio with this property and begin cash flowing immediately.


*Please read agent remarks*

Last Agent to Sell the Property

Randy Arshaid

Realty One Group West License #02007571 Listed on: 09/18/2019

Last Buyer's Agent

Richard Vu

Your 1st Realty License #01326661

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,736 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Private Yard
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall

Interior Spaces

  • 1,567 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Atrium Doors
  • Family Room

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • 220 Volts in Kitchen
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 1 / A
  • Tax Tract Number 160
  • Assessor Parcel Number 38308251

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • New Taxes Expense $4,264
  • Gross Income $54,000
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Gravel, Paved
  • View: No
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 38308251
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Door Features: Atrium Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 395.66
  • Room Type: Family Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Drywall Walls

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • 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, Garden, Yard
  • Lot Size Sq Ft: 7736.00
  • Lot Size Acres: 0.1776

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Lot Size Area: 7736.0000 Square Feet
  • Net Operating Income: 54000.00
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 54000.00

Tax Info

  • New Taxes Expense: 4264.00
  • Tax Block: A
  • Tax Census Tract: 219.13
  • Tax Lot: 1
  • Tax Tract Number: 160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Jan 30, 2020
Sold by
Qattan Rima
Bought by
Aryan Rami
Seller's Agent
Randy Arshaid
Realty One Group West
Buyer's Agent
Richard Vu
Your 1st Realty
List Price
$639,900
Sold Price
$620,000
Premium/Discount to List
-$19,900
-3.11%
Current Estimated Value
$1,015,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,737
Avg. Annual Appreciation
8.85%

Purchase Details

Listed on
Sep 18, 2019
Closed on
Jan 29, 2020
Sold by
Aryan Rami
Bought by
Bare Thierry and Tran Hop
Seller's Agent
Randy Arshaid
Realty One Group West
Buyer's Agent
Richard Vu
Your 1st Realty
List Price
$639,900
Sold Price
$620,000
Premium/Discount to List
-$19,900
-3.11%

Purchase Details

Closed on
Apr 9, 2013
Sold by
Aghi Ma Holdings Llc
Bought by
Aryan Rami

Purchase Details

Closed on
Jan 7, 2013
Sold by
Aryan Rami
Bought by
Aghi Ma Holding Llc

Purchase Details

Listed on
Jan 10, 2012
Closed on
Feb 10, 2012
Sold by
Qattan Rima
Bought by
Aryan Rami
Seller's Agent
Brian Harris
Incline Realty
Buyer's Agent
CESAR TOVAR
Incline Realty
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$248,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2012
Closed on
Jan 24, 2012
Sold by
Federal National Mortgage Association
Bought by
Aryan Rami
Seller's Agent
Brian Harris
Incline Realty
Buyer's Agent
CESAR TOVAR
Incline Realty
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2009
Sold by
Dominguez Luis
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 21, 2001
Sold by
Torres Alfred and Torres Randall
Bought by
Dominguez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,210
Interest Rate
6.67%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Aryan Rami -- Chicago Title Company
Bare Thierry $620,000 Chicago Title Company
Aryan Rami -- None Available
Aghi Ma Holding Llc -- None Available
Aryan Rami -- Lsi Title Company Inc
Aryan Rami $310,000 Lsi Title Company Inc
Federal National Mortgage Association $597,768 Accommodation
Dominguez Luis $310,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aryan Rami $248,000
Previous Owner Dominguez Luis $305,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2020 03/04/20 Sold $620,000 -3.1% $396 / Sq Ft
01/07/2020 01/07/20 Price Changed $639,900 0.0% $408 / Sq Ft
01/07/2020 01/07/20 For Sale $639,900 +3.2% $408 / Sq Ft
10/01/2019 10/01/19 Off Market $620,000 -- --
09/18/2019 09/18/19 For Sale $649,900 +109.6% $415 / Sq Ft
03/06/2012 03/06/12 Sold $310,000 -- $198 / Sq Ft View Prior Sale
01/10/2012 01/10/12 Pending -- -- --
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 $7,759 $678,059 $596,387 $81,672
2024 $7,759 $664,764 $584,693 $80,071
2023 $7,570 $651,730 $573,229 $78,501
2022 $7,407 $638,951 $561,989 $76,962
2021 $7,207 $626,423 $550,970 $75,453
2020 $4,376 $356,033 $276,491 $79,542
2019 $4,326 $349,052 $271,069 $77,983
2018 $4,264 $342,208 $265,754 $76,454
2017 $4,101 $335,499 $260,544 $74,955
2016 $4,027 $328,921 $255,435 $73,486
2015 $4,122 $323,981 $251,598 $72,383
2014 $4,041 $317,635 $246,669 $70,966
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19222941

California Regional Multiple Listing Service (CRMLS)

APN: 383-082-51