NOT LISTED FOR SALE

2660 N Bourbon St Orange, CA 92865

8 Beds
8 Baths
3,580 Sq Ft
7,405 Sq Ft Lot

Last Sold April 27, 2020

Last sale price $1,160,000 $324 Per Sq Ft

144 Days on Market

Highlights

  • Living Room with Attached Deck
  • Lawn
  • Walk-In Closet
  • Villa Park High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of April 2020

What a great deal! Live in one free and rent out the other three units! Great cashflow on this fourplex in prime area of Orange, close to 55 and 91 fwys; great rental area with never a vacancy. Each unit has 2 bedrooms, 2 bathrooms, living room, dining area, inside laundry hookups, 1-car garages, and private patios. Each unit has separate meters (electric, gas and water) plus their own central AC and heating. Great tenants! Units have newer plank tile flooring, carpeting, and are in great shape! Annual GSI (current) is $84,600 with potential to raise rents in 2020. With no deferred maintenance, this is a turn-key investment opportunity!

Last Agent to Sell the Property

Hanneke Jacobs

Premier Agent Network License #01319135 Listed on: 10/18/2019

Premier Agent Network

Last Buyer's Agent

Enrique Vasquez-Plaza

Century 21 Masters License #01868555

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Sprinkler System
  • Lawn
  • Land Lease of $3,279 per year

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,580 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Living Room with Attached Deck
  • Living Room Balcony

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 10076
  • Assessor Parcel Number 37454128

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 $224
  • Gardener Expense $1,440
  • Insurance Expense $2,112
  • Trash Expense $419
  • Water Sewer Expense $487
  • New Taxes Expense $12,870
  • Operating Expense $17,552
  • Gross Income $84,600
  • Net Operating Income $67,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.73
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Subdivision Name Other: Quad
  • Water Sewer Expenses: 487.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 37454128
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Interior Amenities: Living Room Balcony, Living Room Deck Attached
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 324.02
  • Room Type: Walk-In Closet

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 419.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 3279.00
  • Land Lease Amount Frequency: Annually
  • Lot Features: Lawn, Sprinkler System
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 224.00
  • Gross Income: 84600.00
  • Gross Scheduled Income: 84600.00
  • Insurance Expense: 2112.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 67048.00
  • 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 Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 17552.00
  • Rent Control: No
  • Total Actual Rent: 7050.00
  • Total Expenses: 17552.00

Tax Info

  • New Taxes Expense: 12870.00
  • Tax Census Tract: 762.02
  • Tax Lot: 1
  • Tax Tract Number: 10076

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
04/27/2020 04/27/20 Sold $1,160,000 -0.9% $324 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/14/2020 02/14/20 Price Changed $1,170,000 -1.7% $327 / Sq Ft
01/03/2020 01/03/20 Price Changed $1,190,000 -1.7% $332 / Sq Ft
10/18/2019 10/18/19 For Sale $1,210,000 -- $338 / 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: PW19246586

California Regional Multiple Listing Service (CRMLS)

APN: 374-541-28