Eli Strickland
Responds Quickly
RE/MAX INNOVATIONS
(833) 400-8714
137 Total Sales
2 in Orange
$382K - $593K Price Range
1915 E Grove Ave Orange, CA 92865
Orange Area
2
Beds
1
Bath
3,462
Sq Ft
6,534
Sq Ft Lot
Highlights
- No HOA
- Tile Flooring
- Level Lot
- Villa Park High School Rated A
- Laundry Facilities
- 1-Story Property
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
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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
- Washer and Gas Dryer Hookup
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
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
Amenities
- Laundry Facilities
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2019
Closed on
Oct 23, 2019
Sold by
Friend Richard L and Friend Sherolyn H
Bought by
Seller's Agent
Michael Arp
Morgan Skenderian
Buyer's Agent
Michael Arp
Morgan Skenderian
List Price
$1,175,000
Sold Price
$1,090,000
Premium/Discount to List
-$85,000
-7.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$817,500
Outstanding Balance
$701,765
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2004
Sold by
Friend Richard L and Friend Sherolyn H
Bought by
Friend Richard L and Friend Sherolyn H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,300
Interest Rate
5.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2004
Sold by
Friend Richard L and Friend Sherolyn H
Bought by
Friend Richard L and Friend Sherolyn H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,300
Interest Rate
5.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2002
Sold by
Friend Richard L and Friend Sherolyn H
Bought by
Friend Richard L and Friend Sherolyn H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 5, 1999
Sold by
Fuentes Jorge S and Fuentes Gecila S
Bought by
Friend Richard L and Friend Sherolyn H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange, CA
-
Eli Strickland
-
Fran Fox
Fran Fox
Coldwell Banker Home Source
(442) 327-2832
102 Total Sales
1 in Orange
$190,000 Price
-
Neda Yegan
Neda Yegan
Jason Mitchell R. E. Calif
(951) 383-2996
42 Total Sales
2 in Orange
$1,050,000 Price Range
-
Tracy Heffelman
Tracy Heffelman
Coldwell Banker Realty
(657) 325-8546
31 Total Sales
1 in Orange
$1,100,000 Price
-
Larry Krogh
Larry Krogh
LIV Sotheby's International Realty
(805) 586-9558
132 Total Sales
1 in Orange
$1,100,000 Price
-
Rick Olson
Rick Olson
J&R Real Estate
(657) 500-0770
87 Total Sales
2 in Orange
$155,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,090,000 | Chicago Title Company | ||
| Friend Richard L | -- | -- | |
| Friend Richard L | -- | First American Title Ins Co | |
| Friend Richard L | -- | Commerce Title | |
| Friend Richard L | -- | Commerce Title | |
| Friend Richard L | $220,000 | Commonwealth Land Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $817,500 | ||
| Previous Owner | Friend Richard L | $355,060 | |
| Previous Owner | Friend Richard L | $387,300 | |
| Previous Owner | Friend Richard L | $308,000 | |
| Previous Owner | Friend Richard L | $165,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $13,739 | $1,215,912 | $937,036 | $278,876 |
| 2025 | $13,432 | $1,192,071 | $918,663 | $273,408 |
| 2024 | $13,432 | $1,168,698 | $900,650 | $268,048 |
| 2023 | $13,131 | $1,145,783 | $882,990 | $262,793 |
| 2022 | $12,873 | $1,123,317 | $865,676 | $257,641 |
| 2021 | $12,519 | $1,101,292 | $848,702 | $252,590 |
| 2020 | $12,403 | $1,090,000 | $840,000 | $250,000 |
| 2019 | $4,242 | $309,174 | $178,238 | $130,936 |
| 2018 | $4,181 | $303,112 | $174,743 | $128,369 |
| 2017 | $4,029 | $297,169 | $171,317 | $125,852 |
| 2016 | $3,957 | $291,343 | $167,958 | $123,385 |
| 2015 | $3,899 | $286,967 | $165,435 | $121,532 |
| 2014 | $3,816 | $281,346 | $162,194 | $119,152 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Arp
Seller's Agent in 2019
Michael Arp
Morgan Skenderian
(714) 262-8992
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19161693
APN: 372-311-11
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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