NOT LISTED FOR SALE

1918 E Del Mar Ave Orange, CA 92865

9 Beds
8 Baths
4,302 Sq Ft
7,841 Sq Ft Lot

Last Sold September 03, 2020

Last sale price $1,325,000 $308 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Villa Park High School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of September 2020

Back on the market with a huge price reduction!!! Well maintained Four large units income property located in the strong rental market of Orange. ALL TENANTS ARE CURRENT WITH RENT! The property consists of (1) large three bedroom/two full bathroom unit and (3) two bedroom/ two full bathroom units. Unit A has 1,410 sq ft, two single car garages, one additional parking space and good size patio. Unit B has 949 sq ft, a single car garage and good size backyard with private parking. Unit C has 949 sq ft, a single car garage, two extra parking spaces and balcony. Unit D has 1,040 sq ft, a single car garage, one additional parking space and good size balcony. Seller replaced furnaces for Unit A and B in 2019. Separately metered for electric and gas for lower owner expenses. Seller replaced a commercial size water heater for the whole building and a timer for common area electric recently. There is a laundry facility on-site for extra income (leased machines). Great long-term tenants that are on month to month and would like to remain as tenants. The property is in a central City of Orange location across from the popular mall, The Village at Orange and right near major retail, educational, and employment opportunities. It is conveniently located less than a mile from the CA-55 and 91 Freeways, which allow tenants to connect with the greater California region and beyond.

Last Agent to Sell the Property

Janet Pak

BK Platinum Properties License #01184630 Listed on: 06/26/2020

Last Buyer's Agent

Maximiliano Galvan

BK Platinum Properties License #01333357

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 4,302 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 5086
  • Assessor Parcel Number 37213110

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $336
  • Fuel Expense $2,184
  • Gardener Expense $900
  • Insurance Expense $1,959
  • Maintenance Expense $1,110
  • Trash Expense $1,560
  • Water Sewer Expense $2,712
  • New Taxes Expense $16,800
  • Operating Expense $27,656
  • Gross Income $70,682
  • Net Operating Income $70,228

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2712.00
  • Zoning: R2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 37213110
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 308.00

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1560.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 336.00
  • Fuel Expense: 2184.00
  • Gross Income: 70682.00
  • Gross Scheduled Income: 97884.00
  • Insurance Expense: 1959.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1164.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 1110.00
  • Net Operating Income: 70228.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 27656.00
  • Rent Control: Yes
  • Total Actual Rent: 8060.00
  • Total Expenses: 27656.00

Tax Info

  • New Taxes Expense: 16800.00
  • Tax Census Tract: 758.11
  • Tax Lot: 20
  • Tax Tract Number: 5086

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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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 Prior Sale
09/03/2020 09/03/20 Sold $1,325,000 0.0% $308 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/30/2020 07/30/20 Off Market $1,325,000 -- --
07/24/2020 07/24/20 For Sale $1,325,000 0.0% $308 / Sq Ft
07/21/2020 07/21/20 Off Market $1,325,000 -- --
07/17/2020 07/17/20 For Sale $1,399,000 +5.6% $325 / Sq Ft
07/07/2020 07/07/20 Off Market $1,325,000 -- --
06/26/2020 06/26/20 For Sale $1,399,000 +21.7% $325 / Sq Ft
12/21/2017 12/21/17 Sold $1,150,000 -4.1% $267 / Sq Ft View Prior Sale
11/25/2017 11/25/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $1,199,000 -- $279 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20124042

California Regional Multiple Listing Service (CRMLS)

APN: 372-131-10