NOT LISTED FOR SALE

2032 N Lincoln St Orange, CA 92865

8 Beds
7 Baths
3,926 Sq Ft
0.26 Acres

Last Sold July 23, 2019

Last sale price $1,321,000 $336 Per Sq Ft

14 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Central Heating
  • Villa Park High School Rated A
  • Laundry Room

About This Home

As of July 2019

Very well maintained Covington Style Fourplex located in beautiful, low turnover neighborhood. Located near 55 freeway, and steps away from the popular mall The Village at Orange. Shop and Discover where top-tier brands and boutiques converge with an array of exclusive restaurants in the heart of OC. They feature all-in-one retailers such as Sears and Walmart, to specialty shops. For satisfying that food craving, The Village at Orange delivers
an exciting food and restaurant lineup — from The Habit Burger
Grill, Buffalo Wild Wings, Noodles & Company, and many more.

Last Agent to Sell the Property

Tim Gorman

Gorman & Associates License #01929799 Listed on: 05/10/2019

Last Buyer's Agent

Mike Lembeck

Citivest Realty Services, Inc License #01019397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,926 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 762
  • Assessor Parcel Number 37403316

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $30,506
  • Operating Expense $30,506
  • Gross Income $76,266
  • Net Operating Income $45,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Property Attached: Yes
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 37403316
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 336.47

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

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
  • Lot Size Sq Ft: 11206.00
  • Lot Size Acres: 0.2573

Multi Family

  • Gross Income: 76266.00
  • Gross Multiplier: 16.20
  • Gross Operating Income: 76266.00
  • Gross Scheduled Income: 80280.00
  • Lot Size Area: 11206.0000 Square Feet
  • Net Operating Income: 45760.00
  • 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
  • Operating Expense: 30506.00
  • Operating Expense Percent: 40.00
  • Other Expense: 30506.00
  • Other Expense Description: 40%
  • Rent Control: No
  • Total Actual Rent: 6690.00
  • Total Expenses: 30506.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 762.08

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 List to Sale Price per Sq Ft
07/23/2019 07/23/19 Sold $1,321,000 +1.6% $336 / Sq Ft
05/10/2019 05/10/19 For Sale $1,300,000 -- $331 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Gorman

    Seller's Agent in 2019

    Tim Gorman

    Gorman & Associates

    (714) 255-9998

    1 in this area

    9 Total Sales

    Tim Gorman
    Section Image
  • Mike Lembeck

    Buyer's Agent in 2019

    Mike Lembeck

    Citivest Realty Services, Inc

    (714) 742-3700

    1 in this area

    5 Total Sales

    Mike Lembeck
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19121388

California Regional Multiple Listing Service (CRMLS)

APN: 374-033-16

California Orange County Orange 92865

2032 N Lincoln St, Orange, CA

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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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