NOT LISTED FOR SALE

1905 E Adams Ave Orange, CA 92867

5 Beds
3 Baths
2,820 Sq Ft
8,276 Sq Ft Lot

Last Sold March 09, 2020

Last sale price $840,000 $298 Per Sq Ft

43 Days on Market

Highlights

  • 3 Car Direct Access Garage
  • Rectangular Lot
  • Wall Furnace
  • Laundry Room

About This Home

As of March 2020

BEST PRICED TRIPLEX in TOWN! 3 units in the heart of Orange! Large 2 Story Building (2,820 sqft), sits on a 8,276 sq ft lot. *UNIT 1: is a downstairs 2 bedrooms and 1 bathroom, *UNIT 2 has 2b and 1 bathroom, and *UNIT 3 (upstairs) has 1 bedroom, 1 bathroom. ***ALL units have 1 assigned car garage, 1 assigned outside parking space and each have their own Laundry area with washer and dryer! It's both: a Landlord and a tenant's Dream. Easy to maintain, owner only pays water and trash. There are 3 gas, 3 electric and 1 water meter. ***Property is conveniently located in a hot market area close to shopping centers, markets and all sorts of businesses on busy N Tustin St, which makes this property unique for investors and tenants. Large yard in the back allow tenants to enjoy their stay and value their units. All units are occupied by great long term tenants (over 15 yrs) and rents are below market. Garages and Laundry units are not rented which creates a huge upside potential for investors.
***Property is sold as is but owner will pay for Termite Section #1 clearance by Seller's choice, unless otherwise agreed***

Last Agent to Sell the Property

Enrique Vasquez-Plaza

Century 21 Masters License #01868555 Listed on: 12/26/2019

Century 21 Masters

Last Buyer's Agent

Alisandro Romero

Alisandro Romero, Broker License #01075158

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Flag Lot

Parking

  • 3 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Gravel Driveway
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 2,820 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Chute

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 2881
  • Assessor Parcel Number 37554138

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $648
  • Water Sewer Expense $3,400
  • New Taxes Expense $7,349
  • Operating Expense $12,597
  • Gross Income $44,160
  • Net Operating Income $31,563

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 3400.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 37554138
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 297.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Driveway, Asphalt, Gravel, Paved, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Laundry Chute
  • Sewer: Unknown
  • Trash Expense: 648.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Flag Lot, Rectangular Lot
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900
  • Latitude Manual: 33.80655100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 44160.00
  • Gross Scheduled Income: 44160.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 31563.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12597.00
  • Rent Control: No
  • Total Expenses: 12597.00

Tax Info

  • New Taxes Expense: 7349.00
  • Tax Census Tract: 758.12
  • Tax Lot: 9
  • Tax Tract Number: 2881

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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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
03/09/2020 03/09/20 Sold $840,000 +0.1% $298 / Sq Ft
12/26/2019 12/26/19 For Sale $839,500 -- $298 / 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 $10,333 $918,660 $699,933 $218,727
2024 $10,333 $900,648 $686,209 $214,439
2023 $10,102 $882,989 $672,754 $210,235
2022 $9,904 $865,676 $659,563 $206,113
2021 $9,631 $848,702 $646,630 $202,072
2020 $7,552 $650,018 $535,137 $114,881
2019 $7,461 $637,273 $524,644 $112,629
2018 $7,349 $624,778 $514,357 $110,421
2017 $7,054 $612,528 $504,272 $108,256
2016 $6,920 $600,518 $494,384 $106,134
2015 $6,819 $591,498 $486,958 $104,540
2014 $6,675 $579,912 $477,419 $102,493
Source: Public Records

Agents Affiliated with this Home

  • Enrique Vasquez-Plaza

    Seller's Agent in 2020

    Enrique Vasquez-Plaza

    Century 21 Masters

    (626) 324-0388

    87 Total Sales

    Enrique Vasquez-Plaza
    Section Image
  • Alisandro Romero

    Buyer's Agent in 2020

    Alisandro Romero

    Alisandro Romero, Broker

    (714) 944-3484

    1 in this area

    26 Total Sales

    Alisandro Romero
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19285440

California Regional Multiple Listing Service (CRMLS)

APN: 375-541-38

California Orange County Orange 92867

1905 E Adams Ave, Orange, CA

Not Listed for Sale

MultiFamily

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