Seller's Agent in 2021
Mike Lembeck
Citivest Realty Services, Inc
(714) 742-3700
1 in this area
5 Total Sales
1914 E Adams Ave Orange, CA 92867
5
Beds
3
Baths
2,820
Sq Ft
8,276
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- Side by Side Parking
- Private Yard
- Neighborhood Views
- Cooling System Mounted To A Wall/Window
About This Home
As of March 2021Upside in rents - market rents are approx. $2,300 for 2 bdrm units and $1,650 for 1 bdrm units. Only 12.3 x gross on market rents and 6.07% cap rate and 7% cash on cash return on market rents. Freshly painted triplex located on corner lot. Two units are two bedroom 1 bath. These two units are townhouse two story style. Third unit is one bedroom and bathroom located upper level over three one car garages. The two story units have first floor fireplaces and laundry hookups on patio off kitchen. Newer vinyl windows. Separate water heaters for each unit. Two new water heaters. Separate enclosed garage for each unit. Very low expenses – owner pays for water, trash, insurance and annual fire inspection only. Good long term tenants. Huge lot with possibility to add another unit and open back fence for more parking pads, carports or garages. Excellent location - Walking distance to Tustin Ave. Close proximity to plenty of restaurants, the U.S. Post Office and shopping. Close to 55 freeway and Chapman University.
Last Agent to Sell the Property
Citivest Realty Services, Inc License #01019397 Listed on: 01/10/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 8,276 Sq Ft Lot
- Two or More Common Walls
- Northeast Facing Home
- Wood Fence
- Fence is in average condition
- Corner Lot
- Private Yard
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Side by Side Parking
- Three Garage Doors
- Driveway
- Assigned Parking
Home Design
- Triplex
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,820 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Neighborhood Views
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 19
- Tax Tract Number 2881
- Assessor Parcel Number 37554210
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,000
- Trash Expense $408
- Water Sewer Expense $1,440
- New Taxes Expense $10,637
- Operating Expense $13,485
- Gross Income $52,200
- Net Operating Income $49,156
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2021 03/31/21 | Sold | $845,000 | -8.6% | $300 / Sq Ft |
| 01/15/2021 01/15/21 | Pending | -- | -- | -- |
| 11/11/2020 11/11/20 | For Sale | $925,000 | +9.5% | $328 / Sq Ft |
| 10/26/2020 10/26/20 | Off Market | $845,000 | -- | -- |
| 01/10/2020 01/10/20 | For Sale | $925,000 | -- | $328 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,291 | $914,654 | $822,945 | $91,709 |
| 2024 | $10,291 | $896,720 | $806,809 | $89,911 |
| 2023 | $10,061 | $879,138 | $790,989 | $88,149 |
| 2022 | $9,864 | $861,900 | $775,479 | $86,421 |
| 2021 | $2,602 | $177,035 | $75,987 | $101,048 |
| 2020 | $2,577 | $175,220 | $75,208 | $100,012 |
| 2019 | $2,552 | $171,785 | $73,734 | $98,051 |
| 2018 | $5,567 | $456,510 | $372,816 | $83,694 |
| 2017 | $2,429 | $165,115 | $70,870 | $94,245 |
| 2016 | $2,387 | $161,878 | $69,480 | $92,398 |
| 2015 | $2,351 | $159,447 | $68,436 | $91,011 |
| 2014 | $2,302 | $156,324 | $67,095 | $89,229 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Lembeck
-
Tim Nguyen
Buyer's Agent in 2021
Tim Nguyen
First City Realty
(714) 315-2669
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20007117
APN: 375-542-10
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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