NOT LISTED FOR SALE

226 N Clark St Orange, CA 92868

4 Beds
2 Baths
1,816 Sq Ft
8,703 Sq Ft Lot

Last Sold August 27, 2019

Last sale price $737,500 $406 Per Sq Ft

11 Days on Market

Highlights

  • Wood Flooring
  • 5-minute walk to Orange
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Neighborhood Views
  • Living Room

About This Home

As of August 2019

Excellent opportunity available for ownership of single level duplex in great Orange location. This duplex property is located on a parcel of land with neighboring parcel also available for sale (two matching duplexes owned by the same seller, please reference MLS PW19182910 for other listing). Each duplex has their own separate parcel number providing flexibility for a buyer to purchase one or both parcels to have ownership of all four units! 228 N. Clark is the left rear unit with interior that has just finished some recent cosmetic updates- new tile flooring in kitchen & bathroom, new bath/shower and new kitchen/bathroom plumbing fixtures. Unit contains updated windows and split A/C and heat units in living & bedrooms. Access to spacious rear grass/yard with new sod. 226 N. Clark is the front left unit which also has updated windows and split A/C and heat units in living room and bedrooms and nicely landscaped front yard. With no common walls between each of the units, there is a shared storage closet and double laundry facility room (each unit has their own access to their own washer/dryer units). On the rear of the property is a detached garage providing a one car garage & parking spot for each unit. This property has had consistent rental demand due to location near the Orange Circle, Chapman University & the train station. Both units are currently leased to wonderful tenants and can provide a potential cap rate of 5.3% when considering proforma calculations.

Last Agent to Sell the Property

Jennifer Paino

Azling Properties Inc License #01874092 Listed on: 08/01/2019

Last Buyer's Agent

Kristyn Tupper

T.N.G. Real Estate Consultants License #01765947

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,703 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Shared Driveway
  • Parking Lot
  • Assigned Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Range
  • Free-Standing Range

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 29
  • Tax Tract Number 667
  • Assessor Parcel Number 38645110

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $562
  • Pest Control $312
  • Trash Expense $321
  • Water Sewer Expense $865
  • New Taxes Expense $8,525
  • Operating Expense $11,545
  • Net Operating Income $32,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • View: Yes
  • Water Sewer Expenses: 865.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 38645110
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 406.11
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Parking Space, Shared Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range, Refrigerator, Water Heater
  • Laundry Features: Individual Room, Outside
  • Pest Control Expense: 312.00
  • Sewer: Public Sewer
  • Trash Expense: 321.00
  • 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
  • Lot Size Sq Ft: 8703.00
  • Lot Size Acres: 0.1998

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 562.00
  • Lot Size Area: 8703.0000 Square Feet
  • Net Operating Income: 32255.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11545.00
  • Rent Control: No
  • Total Actual Rent: 3650.00
  • Total Expenses: 11545.00

Tax Info

  • New Taxes Expense: 8525.00
  • Tax Census Tract: 759.01
  • Tax Lot: 29
  • Tax Tract Number: 667

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
08/27/2019 08/27/19 Sold $737,500 -4.8% $406 / Sq Ft
08/01/2019 08/01/19 For Sale $775,000 -- $427 / 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: PW19183122

California Regional Multiple Listing Service (CRMLS)