$1,200,000
SOLD JUL 31, 2025

2032 E Stearns Ave Orange, CA 92866

5 Beds
4 Baths
2,163 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$555 Per Sq Ft

7% Below List Price

41 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • 1-Story Property
  • El Modena High School Rated A-
  • Laundry Room

About This Home

As of July 2025

Excellent Investment opportunity found in the highly desirable residential rental community of Orange, CA.
Desirable Unit Mix which includes one (1) 3BD/2BA and one (1) 2BD/2BA unit.
Proximity to the City's local amenities and educational institutions, including Downtown Orange and Chapman University (2.4 miles).
Attached Garages with Direct Access to each unit and private backyard space as well.
Residential Financing Available for 1-4 unit properties.
Proximity to major transportations routes, including the 22 and 55 freeways.
Potential for a “House-Hacking” investment; I.E. live in one unit and rent out the other.

Last Agent to Sell the Property

Pat Swanson

Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 04/25/2025

Last Buyer's Agent

Tyler Chang

Real Brokerage Technologies License #02221476

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,841 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,163 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Suburban Location
  • Sewer Not Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 9
  • Tax Tract Number 8871
  • Assessor Parcel Number 39019233
  • $545 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Gardener Expense $1,750
  • Insurance Expense $3,245
  • Maintenance Expense $1,500
  • Other Expense $2,200
  • Pest Control $1,200
  • New Taxes Expense $14,238
  • Operating Expense $24,133
  • Gross Income $70,200
  • Net Operating Income $43,961

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

7,841 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.39
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1750.00
  • Parcel Number: 39019233
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 554.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Pest Control Expense: 1200.00
  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 70200.00
  • Gross Multiplier: 18.45
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 3245.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 43961.00
  • 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: 24133.00
  • Other Expense: 2200.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Actual Rent: 5850.00
  • Total Expenses: 24133.00

Tax Info

  • New Taxes Expense: 14238.00
  • Tax Census Tract: 758.06
  • Tax Lot: 9
  • Tax Tract Number: 8871
  • TaxOtherAnnualAssessmentAmount: 545.00
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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
07/31/2025 07/31/25 Sold $1,200,000 -7.3% $555 / Sq Ft
07/14/2025 07/14/25 Price Changed $1,295,000 0.0% $599 / Sq Ft
07/14/2025 07/14/25 For Sale $1,295,000 0.0% $599 / Sq Ft
04/25/2025 04/25/25 For Sale $1,295,000 -- $599 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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
2025 $2,025 $142,754 $35,416 $107,338
2024 $2,025 $139,955 $34,721 $105,234
2023 $1,975 $137,211 $34,040 $103,171
2022 $1,932 $134,521 $33,372 $101,149
2021 $1,885 $131,884 $32,718 $99,166
2020 $1,867 $130,532 $32,382 $98,150
2019 $1,849 $127,973 $31,747 $96,226
2018 $1,822 $125,464 $31,124 $94,340
2017 $1,759 $123,004 $30,513 $92,491
2016 $1,728 $120,593 $29,915 $90,678
2015 $1,702 $118,782 $29,466 $89,316
2014 $1,667 $116,456 $28,889 $87,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25090481

California Regional Multiple Listing Service (CRMLS)

APN: 390-192-33

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