NOT LISTED FOR SALE

2000 E Palmyra Ave Orange, CA 92866

8 Beds
4 Baths
3,294 Sq Ft
0.28 Acres

Last Sold August 20, 2018

Last sale price $1,050,000 $319 Per Sq Ft

25 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Ceramic Countertops
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of August 2018

This four unit building is located close to 55 fwy.,off Chapman, on a cul-de-sac. Close to shopping centers, schools, parks, restaurants, etc. The property is comprised of four 2BD/1BA units, all with one-car covered detached assigned garages, plus there is one additional garage that can be used by the owner or rented out for additional income. Each unit has A/C, gas wall heaters, updated kitchens, new appliances, new flooring, all new blinds, new screens and windows where needed, new paint, new lighting fixtures, ceiling fans, inside hook ups for washing machine and covered outside hookups for dryer. Each apartment has it's own private back yard patio. All units have wood fences in the back yard and large community fenced-in side yard. These units are in high demand for rent and cash flow.

Last Agent to Sell the Property

James Skawinski

First Team Real Estate License #00521530 Listed on: 06/28/2018

First Team Real Estate

Last Buyer's Agent

Daniel Krause

Century 21 Discovery License #02005285

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Fence is in good condition
  • Rectangular Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Front Facing Garage
  • Driveway
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 3,294 Sq Ft Home
  • 1-Story Property
  • Carpet

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / C
  • Tax Tract Number 175
  • Assessor Parcel Number 39014111

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $360
  • Gardener Expense $600
  • Insurance Expense $1,669
  • Other Expense $50
  • Pest Control $516
  • Trash Expense $960
  • Water Sewer Expense $1,500
  • New Taxes Expense $11,750
  • Operating Expense $17,505
  • Gross Income $70,200
  • Net Operating Income $62,645

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 39014111
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Interior Amenities: Ceramic Counters
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 318.76
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Garage Faces Front
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Pest Control Expense: 516.00
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Level
  • Lot Size Sq Ft: 12000.00

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 952 Square Feet
  • Electric Expense: 360.00
  • Garage Income: 1800.00
  • Gross Income: 70200.00
  • Gross Operating Income: 68400.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1669.00
  • Net Operating Income: 62645.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 5755.00
  • Other Expense: 50.00
  • Other Expense Description: Fire Ext
  • Rent Control: No
  • Total Actual Rent: 5700.00
  • Total Expenses: 17505.00

Tax Info

  • New Taxes Expense: 11750.00
  • Tax Block: C
  • Tax Census Tract: 758.06
  • Tax Lot: 5
  • Tax Tract Number: 175

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
08/20/2018 08/20/18 Sold $1,050,000 -10.6% $319 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $1,175,000 +42.4% $357 / Sq Ft
05/31/2013 05/31/13 Sold $824,900 -2.8% $217 / Sq Ft View Prior Sale
04/13/2013 04/13/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $849,000 -- $223 / 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: NP18155527

California Regional Multiple Listing Service (CRMLS)

APN: 390-141-11