Seller's Agent in 2019
Michael Arp
Morgan Skenderian
(714) 262-8992
8 in this area
43 Total Sales
1915 E Grove Ave Orange, CA 92865
2
Beds
1
Bath
3,462
Sq Ft
6,534
Sq Ft Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Villa Park High School Rated A
- Laundry Room
- Level Lot
About This Home
As of October 2019PRICE REDUCED FOR QUICK SALE. The Grove Avenue 4-plex apartments present an opportunity to acquire a single story 4-plex with all two bedroom units in a neighborhood surrounded by schools, retail and employment opportunities. The structure is 3,460 square feet featuring four 2 Bedroom 1 Bathroom units along with 4 enclosed garages and two additional open spaces. Each of the apartments have an enclosed patio, combination wall air conditioning and heater unit, washer and dryer hookups, an individual water heater, and a garage parking space. The subject property is within a few blocks of major employment opportunities (Home Depot, Target and Walmart) while schools and freeway access are minutes away as well. The city of Orange has always been a sought after locale for renters, and major retailers continue to open along North Tustin Street which connects with Grove Avenue. The Grove Avenue 4-plex is an ideally located asset and will be for years to come. Cap rate and GRM based on proforma rents.
Last Agent to Sell the Property
Morgan Skenderian License #01488586 Listed on: 07/09/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,534 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
Interior Spaces
- 3,462 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 9
- Tax Tract Number 4549
- Assessor Parcel Number 37231111
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $688
- Insurance Expense $1,493
- Maintenance Expense $3,550
- Water Sewer Expense $1,296
- New Taxes Expense $12,444
- Operating Expense $21,463
- Gross Income $81,600
- Net Operating Income $57,689
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2019 10/25/19 | Sold | $1,090,000 | -4.3% | $315 / Sq Ft |
| 09/19/2019 09/19/19 | Pending | -- | -- | -- |
| 09/09/2019 09/09/19 | Price Changed | $1,139,000 | -3.1% | $329 / Sq Ft |
| 07/09/2019 07/09/19 | For Sale | $1,175,000 | -- | $339 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Michael Arp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19161693
APN: 372-311-11
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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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