NOT LISTED FOR SALE

2673 N Bourbon St Orange, CA 92865

8 Beds
6 Baths
4,356 Sq Ft
8,276 Sq Ft Lot

Last Sold July 30, 2021

Last sale price $1,250,000 $287 Per Sq Ft

186 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Granite Countertops
  • Villa Park High School Rated A
  • Great Room
  • Lawn

About This Home

As of July 2021

Great cash flow & fully occupied long term tenants, townhouse style 4 units income property, 2 buildings with shared driveway, 2 units of 2 bedrooms / 2 baths / direct access 2 cars garage, & 2 units of 2 bedrooms /1 bath / direct access 1 car garage in the quiet city of Orange residential neighborhood; Each unit has own utilities meters; Newly remodel, all units are upgraded with laminate wood floor, granite counter top & newer appliances; Central A/C; Laundry hookups in each unit's garage; Front units come w/balconies and bank units come w/private fenced back yard; Restaurants, markets, shopping plaza are nearby; Easy Access to 55 Freeway, Lincoln Ave. Exit, & 91 Freeway, Tustin St. Exit.

Last Agent to Sell the Property

James Chou

RE/MAX 2000 REALTY License #01344094 Listed on: 11/11/2020

RE/MAX 2000 REALTY

Last Buyer's Agent

Serena Wu

RE/MAX 2000 REALTY License #01862869

RE/MAX 2000 REALTY

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1979

Lot Details

  • 1 Common Wall
  • West Facing Home
  • Wood Fence
  • Block Wall Fence
  • Level Lot
  • Lawn
  • Front Yard
  • Land Lease of $3,792 per year expires 12/16/63

Parking

  • 6 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Side Facing Garage
  • Side by Side Parking
  • Two Garage Doors
  • Garage Door Opener
  • Driveway Up Slope From Street
  • Shared Driveway
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,356 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Sliding Doors
  • Entryway
  • Great Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, gas, insurance, water
  • Tax Lot 8
  • Tax Tract Number 10444
  • Assessor Parcel Number 37454108

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $300
  • Gardener Expense $1,440
  • Insurance Expense $2,200
  • Other Expense $3,792
  • Trash Expense $645
  • Water Sewer Expense $850
  • New Taxes Expense $14,256
  • Operating Expense $23,737
  • Gross Income $87,000
  • Net Operating Income $63,263

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 4.94
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 850.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 37454108
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 286.96
  • Room Type: All Bedrooms Up, Entry, Great Room, Kitchen
  • Window Features: Blinds, Screens

Exterior Features

  • Direction Faces: West
  • Foundation: Concrete Perimeter, Slab
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Paved, Driveway Up Slope From Street, Garage Faces Rear, Garage Faces Side, Garage - Single Door, Garage - Two Door, Garage Door Opener, Shared Driveway, Side by Side
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 645.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 3792.00
  • Land Lease Amount Frequency: Annually
  • Land Lease Expiration Date: 2063-12-16
  • Lot Features: Front Yard, Lawn, Rectangular Lot, Level
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Gas, Insurance, Water

Multi Family

  • Average2 Bed Area: 1089 Square Feet
  • Electric Expense: 300.00
  • Gross Income: 87000.00
  • Gross Multiplier: 14.71
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 63263.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 23737.00
  • Other Expense: 3792.00
  • Other Expense Description: Land Lse
  • Rent Control: No
  • Total Actual Rent: 7250.00
  • Total Expenses: 23737.00

Tax Info

  • New Taxes Expense: 14256.00
  • Tax Census Tract: 762.02
  • Tax Lot: 8
  • Tax Tract Number: 10444

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 Prior Sale
07/30/2021 07/30/21 Sold $1,250,000 -2.3% $287 / Sq Ft
05/17/2021 05/17/21 For Sale $1,280,000 +2.4% $294 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/14/2021 05/14/21 Off Market $1,250,000 -- --
11/11/2020 11/11/20 For Sale $1,280,000 +28.3% $294 / Sq Ft
04/19/2016 04/19/16 Sold $998,000 0.0% $229 / Sq Ft View Prior Sale
01/29/2016 01/29/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $998,000 -- $229 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Chou

    Seller's Agent in 2021

    James Chou

    RE/MAX

    (909) 225-5168

    1 in this area

    54 Total Sales

    James Chou
    Section Image
  • Serena Wu

    Buyer's Agent in 2021

    Serena Wu

    RE/MAX

    (714) 519-9815

    1 in this area

    54 Total Sales

    Serena Wu
    Section Image
  • Doron Refael

    Seller's Agent in 2016

    Doron Refael

    Doron Refael, Broker

    (714) 253-2883

    9 in this area

    52 Total Sales

    Doron Refael
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20237905

California Regional Multiple Listing Service (CRMLS)

APN: 374-541-08

California Orange County Orange 92865

2673 N Bourbon St, Orange, CA

Not Listed for Sale

Condos

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