NOT LISTED FOR SALE

2038 N Park Ln Orange, CA 92865

Orange Area
9 Beds
6 Baths
4,394 Sq Ft
9,360 Sq Ft Lot

Sale Details

Date Sold: October 18, 2013

Last sale price $890,000 $203 Per Sq Ft

43 Days on Market

About This Home

As of October 2013

The Park Lane Apartments, are a well maintained, Covington style 4-plex comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet and sits atop a 9,360 square foot lot. Three of the four units are townhome style with an upstairs downstairs floor plan. All 4 have enclosed patio areas and have access to a gated back yard area. There are 5 enclosed garages at the property (one is used for storage) along with two additional spaces. Each of the units is separately metered for gas and electric and has central A/C. An onsite laundry room brings in additional income.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 07/18/2013

Last Buyer's Agent

Phu Vincent Nguyen

Bolsa Realty Group License #01268097

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 9,360 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,394 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Tract Number 158
  • Assessor Parcel Number 37213120

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $10,065
  • Gross Income $6,045
  • Net Operating Income $48,602

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

9,360 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.31
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 37213120
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 202.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9360.00
  • Lot Size Acres: 0.2150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6045.00
  • Gross Multiplier: 12.60
  • Gross Scheduled Income: 72540.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 9360.0000 Square Feet
  • Net Operating Income: 48602.00
  • 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
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 21762.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 5845.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10065.00
  • Tax Tract Number: 158

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Park Property Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2015
Sold by
Nguyen Tao Trung and Le Chau M
Bought by
Park Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2013
Closed on
Sep 4, 2013
Sold by
Toledo Basilio
Bought by
Nguyen Tao Trung and Le Chau M
Seller's Agent
Michael Arp
Morgan Skenderian
Buyer's Agent
Phu Vincent Nguyen
Bolsa Realty Group
List Price
$915,000
Sold Price
$890,000
Premium/Discount to List
-$25,000
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2008
Sold by
Toledo Martha
Bought by
Toledo Basilio

Purchase Details

Closed on
Oct 1, 2008
Sold by
Bucher Eleanor Ruth
Bought by
Toledo Basilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,100
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2003
Sold by
Bucher Frederick William and Bucher Eleanor Ruth
Bought by
Bucher Frederick William and Bucher Eleanor Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 29, 2000
Sold by
Frederick Bucher and Frederick Eleanor Bucher
Bought by
Bucher Frederick William and Bucher Eleanor Ruth

Purchase Details

Closed on
Aug 28, 1998
Sold by
Bucher F William and Bucher Eleanor R
Bought by
Bucher Frederick and Bucher Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,500
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 1997
Sold by
Bucher F William and Bucher Eleanor R
Bought by
Bucher F William and Bucher Eleanor R
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Ins Co
Park Property Llc -- First American Title Ins Co
Park Property Llc -- Accommodation
Nguyen Tao Trung $890,000 Fidelity National Title
Toledo Basilio -- Ticor Title Insurance
Toledo Basilio $863,000 Ticor Title Insurance
Bucher Frederick William -- Fidelity National Title
Bucher Frederick William -- --
Bucher Frederick William -- --
Bucher Frederick -- Old Republic Title Company
Bucher F William -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $610,000
Previous Owner Nguyen Tao Trung $660,000
Previous Owner Nguyen Tao Trung $667,500
Previous Owner Nguyen Tao Trung $667,500
Previous Owner Toledo Basilio $560,000
Previous Owner Toledo Basilio $613,000
Previous Owner Toledo Basilio $604,100
Previous Owner Bucher Frederick William $174,000
Previous Owner Bucher Frederick $181,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/18/2013 10/18/13 Sold $890,000 -2.7% $203 / Sq Ft
08/30/2013 08/30/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $915,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,668 $1,112,833 $835,410 $277,423
2025 $14,156 $1,091,013 $819,029 $271,984
2024 $14,156 $1,237,195 $965,272 $271,923
2023 $13,839 $1,212,937 $946,345 $266,592
2022 $13,568 $1,189,154 $927,789 $261,365
2021 $13,195 $1,165,838 $909,597 $256,241
2020 $13,073 $1,153,884 $900,270 $253,614
2019 $12,912 $1,131,259 $882,617 $248,642
2018 $12,717 $1,109,078 $865,311 $243,767
2017 $12,197 $1,087,332 $848,344 $238,988
2016 $11,964 $1,066,012 $831,710 $234,302
2015 $10,319 $907,782 $681,474 $226,308
2014 -- $890,000 $668,125 $221,875
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13142055

California Regional Multiple Listing Service (CRMLS)

APN: 372-131-20

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