NOT LISTED FOR SALE

2647 E Almond Ave Orange, CA 92869

9 Beds
7 Baths
4,273 Sq Ft
0.3 Acres

Last Sold November 01, 2024

Last sale price $1,750,000 $410 Per Sq Ft

6 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Laundry Room
  • El Modena High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Yorba Park

About This Home

As of November 2024

Attention Investors! Incredible opportunity to own a 4-unit apartment building in the heart of Orange, perfect for building generational wealth or for a savvy investor seeking steady income with long-term tenants. This property features a rare unit mix, including two 3-bedroom, 2-bath units, one 2-bedroom, 2-bath unit, and one 1-bedroom, 1-bath unit with a private balcony. The building offers 4,273 square feet of living space on a spacious 12,933 square foot lot. Each unit is individually metered for gas and electricity to help manage expenses. Common laundry and garage spaces are also available. Conveniently located just off Chapman Avenue and the 55 Freeway, the property provides easy access to shopping, dining, excellent schools, Downtown Orange, 22/91/5 freeways, and nearby hiking trails. This is a rare investment opportunity in a desirable area with great potential—don’t miss out!

Last Agent to Sell the Property

Mauricio Roque

Real Broker Brokerage Phone: 714-650-3690 License #01938342 Listed on: 10/13/2024

Last Buyer's Agent

Dale Cheema

Keller Williams Irvine License #00893619

Keller Williams Irvine

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in average condition
  • Landscaped
  • Sprinkler System
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,273 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 7
  • Tax Tract Number 6401
  • Assessor Parcel Number 09405210
  • $1,037 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $360
  • Gardener Expense $2,400
  • Insurance Expense $1,943
  • Maintenance Expense $4,200
  • Other Expense $9,965
  • Pest Control $970
  • Professional Management Expense $4,800
  • Trash Expense $1,000
  • Water Sewer Expense $2,100
  • New Taxes Expense $6,434
  • Operating Expense $29,000
  • Gross Income $104,700
  • Net Operating Income $75,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2100.00
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 09405210
  • Year Built: 1968
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 409.55
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Block, Wood
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Pest Control Expense: 970.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 104700.00
  • Gross Operating Income: 104700.00
  • Gross Scheduled Income: 104700.00
  • Insurance Expense: 1943.00
  • Lot Size Area: 13068.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 75700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 29000.00
  • Other Expense: 9965.00
  • Rent Control: No
  • Total Expenses: 29000.00

Tax Info

  • New Taxes Expense: 6434.00
  • Tax Census Tract: 758.07
  • Tax Lot: 7
  • Tax Tract Number: 6401
  • TaxOtherAnnualAssessmentAmount: 1037.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
11/01/2024 11/01/24 Sold $1,750,000 0.0% $410 / Sq Ft
10/19/2024 10/19/24 Pending -- -- --
10/19/2024 10/19/24 Off Market $1,750,000 -- --
10/13/2024 10/13/24 For Sale $1,950,000 -- $456 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mauricio Roque

    Real Broker

    (800) 277-6903

    3 in this area

    37 Total Sales

    Mauricio Roque
    Section Image
  • Dale Cheema

    Buyer's Agent in 2024

    Dale Cheema

    Keller Williams Irvine

    (949) 861-8001

    3 in this area

    57 Total Sales

    Dale Cheema
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24209364

California Regional Multiple Listing Service (CRMLS)

APN: 094-052-10

California Orange County Orange 92869

2647 E Almond Ave, Orange, CA

Not Listed for Sale

MultiFamily

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