$1,295,000
UNDER CONTRACT

2032 E Stearns Ave Orange, CA 92866

Estimated payment $8,447/month

Total Views 8,460
5 Beds
4 Baths
2,163 Sq Ft
$599 Price per Sq Ft

Highlights

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

About This Home

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.

Listing Agent

Patrick Swanson

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

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

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

  • 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

0

Parking

4

Listing Details

  • CapRate: 3.39
  • Other Phone Description: 9499397723
  • Price Per Unit: 647500
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1750.00
  • Parcel Number: 39019233
  • Year Built: 1975
  • Special Features: UnderContract

Interior Features

  • Stories: 1
  • Entry Location: RINC
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 598.71

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

Map

Range of Values:

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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 Change Sq Ft Price
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 +1.6% $599 / Sq Ft
07/09/2025 07/09/25 Sold $1,275,000 -1.5% $589 / Sq Ft
04/25/2025 04/25/25 For Sale $1,295,000 -- $599 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25090481

California Regional Multiple Listing Service (CRMLS)

APN: 390-192-33

California Orange County Orange 92705

2032 E Stearns Ave, Orange, CA

This home is located at 2032 E Stearns Ave, Orange, CA 92866 and is currently priced at $1,295,000, approximately $598 per square foot. This property was built in 1975. 2032 E Stearns Ave is a home located in Orange County with nearby schools including La Veta Elementary School, El Modena High School, and Holy Family Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Patrick Swanson
Listing Agent
Patrick Swanson
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Pat Swanson
(657) 387-2905