NOT LISTED FOR SALE

1931 E Stearns Ave Orange, CA 92866

5 Beds
4 Baths
2,530 Sq Ft
6,970 Sq Ft Lot

Last Sold July 24, 2017

Last sale price $742,000 $293 Per Sq Ft

44 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Paved or Partially Paved Lot
  • El Modena High School Rated A-
  • Cul-De-Sac
  • 1-Story Property

About This Home

As of July 2017

Rare opportunity to own a well-maintained duplex or two 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 is 2 bedroom, 2 baths plus garage. So many opportunities to consider. Live in 1 and rent the other, live in one and use other as a mother in law suite, or rent them both for a good return on your investment. The seller is also selling the duplex adjacent at 1915 E Stearns Ave for the same amount. Can sell separately or together. Tenants have been long time residents for over a decade which is why the gross rents are much lower than they should be in this area. Both units on this unit are currently occupied and tenants are month to month. Drive by only do not disturb tenants.

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

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,530 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 6366
  • Assessor Parcel Number 39019227

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,300
  • Insurance Expense $1,200
  • Trash Expense $1,440
  • Water Sewer Expense $1,500
  • New Taxes Expense $9,238
  • Operating Expense $14,678
  • Gross Income $46,440
  • Net Operating Income $30,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 39019227
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 293.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Paved, Yard
  • Lot Size Sq Ft: 6970.00

Multi Family

  • Electric Expense: 1300.00
  • 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: 15838.00
  • Rent Control: No
  • Total Actual Rent: 3870.00
  • Total Expenses: 14678.00

Tax Info

  • New Taxes Expense: 9238.00
  • Tax Census Tract: 758.06
  • Tax Lot: 20
  • 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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List Price
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% $293 / 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 -- $292 / 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: PW17109782

California Regional Multiple Listing Service (CRMLS)

APN: 390-192-27

California Orange County Orange 92866

1931 E Stearns Ave, Orange, CA

Not Listed for Sale

MultiFamily

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