NOT LISTED FOR SALE

2659 N Bourbon St Orange, CA 92865

4 Beds
3 Baths
4,452 Sq Ft
8,712 Sq Ft Lot

Last Sold April 14, 2014

Last sale price $925,000 $208 Per Sq Ft

166 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Walk-In Closet
  • Villa Park High School Rated A
  • Balcony
  • Laundry Room

About This Home

As of April 2014

2659 and 2669 are the building numbers as seen from the street. Two Pride of Ownership buildings in great area, with total 4 units. 2 are townhouse style with bedroom upstairs. All Units are fully rented. Attached garages, washer dryer hookups inside units. Roof is approx 6 years old. Location is convenient to freeways, shopping and restaurants.
Cash out seller will cooperate with 10-31 exchange at no cost to seller. Positive Cash flow with 25% down payment.

Last Agent to Sell the Property

Bob Daniel

Home Sellers Realty License #00294078 Listed on: 09/04/2013

Last Buyer's Agent

Tamorah Weiss

Berkshire Hathaway HomeService License #01236749

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Sprinkler System
  • Land Lease of $2,700 expires 12/18/63

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,452 Sq Ft Home
  • 2-Story Property
  • Window Screens

Kitchen

  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage

Listing and Financial Details

  • Tenant pays for cable TV, gas, water
  • Tax Lot 7
  • Tax Tract Number 10444
  • Assessor Parcel Number 37454107

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $300
  • Insurance Expense $1,600
  • Pest Control $500
  • Trash Expense $600
  • New Taxes Expense $9,250
  • Gross Income $6,050
  • Net Operating Income $51,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1979 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 5.50
  • Property Attached: Yes
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 37454107
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 207.77
  • Room Type: Walk-In Closet
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range
  • Electric: 220 Volts in Garage
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Pest Control Expense: 500.00
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: Yes
  • Land Lease Amount: 2700.00
  • Land Lease Expiration Date: 2063-12-18
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Gas, Water

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 6050.00
  • Gross Multiplier: 12.74
  • Gross Scheduled Income: 72600.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Percent: 3.00
  • Net Operating Income: 51600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 21000.00
  • Rent Control: No
  • Total Actual Rent: 6050.00

Tax Info

  • New Taxes Expense: 9250.00
  • Tax Lot: 7
  • Tax Tract Number: 10444
  • Tax Year: 2012

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
04/14/2014 04/14/14 Sold $925,000 0.0% $208 / Sq Ft
02/17/2014 02/17/14 Pending -- -- --
09/04/2013 09/04/13 For Sale $925,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Bob Daniel

    Home Sellers Realty

  • Tamorah Weiss

    Buyer's Agent in 2014

    Tamorah Weiss

    Berkshire Hathaway HomeService

    (866) 534-4566

    17 Total Sales

    Tamorah Weiss
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13180318

California Regional Multiple Listing Service (CRMLS)
California Orange County Orange 92865

2659 N Bourbon St, Orange, CA

Not Listed for Sale

MultiFamily

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