NOT LISTED FOR SALE

1915 E Stearns Ave Orange, CA 92866

5 Beds
4 Baths
3,082 Sq Ft
6,534 Sq Ft Lot

Last Sold July 24, 2017

Last sale price $742,000 $241 Per Sq Ft

44 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Laundry Room
  • El Modena High School Rated A-
  • Private Yard
  • Central Heating and Cooling System

About This Home

As of July 2017

Rare opportunity to own a well-maintained duplex right in the heart of Orange County. Conveniently located near everywhere you want to be in OC in the city of Orange. 1 unit 3 bedroom 2 baths plus garage. 2nd unit 2 bedroom 2 baths with garage. So many opportunities to consider. Live in 1 and rent other, live in one and use the other as a mother in law suite, or rent them both for a good return on your investment. The seller also selling the adjacent duplex for the same amount. Can sell separately but prefers to sell together. Tenants have been long time residents. Very stable community. Over a decade which is why rents are lower than expected for this area. This duplex has 1 tenant in the 3 bedroom/2bath unit. The 2 bedroom 2 bath unit was occupied by the original owner who has since passed away. The trustee has since not rented the vacant unit in case a potential buyer would be interested in living in one and renting the others. However, the unit is ready to rent/occupy and units in this area rent extremely quickly. Current Tenant is currently month to month. Hurry before they are both gone.

Last Agent to Sell the Property

Mariella Agrusa

Mariella Agrusa, Broker License #01874797 Listed on: 05/03/2017

Last Buyer's Agent

Mariella Agrusa

Mariella Agrusa, Broker License #01874797 Listed on: 05/03/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • Patio Home
  • Property Attached

Interior Spaces

  • 3,082 Sq Ft Home
  • Living Room with Fireplace
  • Gas and Electric Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 21
  • Tax Tract Number 6366
  • Assessor Parcel Number 39019226

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,100
  • Insurance Expense $1,200
  • Trash Expense $900
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,238
  • Operating Expense $15,838
  • Gross Income $46,440
  • Net Operating Income $30,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 39019226
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 240.75
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home, Paved, Yard
  • Lot Size Sq Ft: 6534.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 2100.00
  • Gross Income: 46440.00
  • Gross Scheduled Income: 46440.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 30603.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 15837.50
  • Other Expense Description: C remark
  • Rent Control: No
  • Total Expenses: 15837.50

Tax Info

  • New Taxes Expense: 9237.50
  • Tax Census Tract: 758.06
  • Tax Lot: 21
  • Tax Tract Number: 6366

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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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
07/24/2017 07/24/17 Sold $742,000 0.0% $241 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
05/25/2017 05/25/17 Off Market $742,000 -- --
05/03/2017 05/03/17 For Sale $739,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mariella Agrusa

    Seller's Agent in 2017

    Mariella Agrusa

    Mariella Agrusa, Broker

    (714) 292-2594

    3 Total Sales

    Mariella Agrusa
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17107800

California Regional Multiple Listing Service (CRMLS)

APN: 390-192-26

California Orange County Orange 92866

1915 E Stearns Ave, Orange, CA

Not Listed for Sale

MultiFamily

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