NOT LISTED FOR SALE

2673 N Bourbon St Orange, CA 92865

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

Sale Details

Date 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 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

8,276 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Aug 25, 2021
Sold by
Bought by
Seller's Agent
James Chou
RE/MAX 2000 REALTY
Buyer's Agent
Serena Wu
RE/MAX 2000 REALTY
List Price
$1,280,000
Sold Price
$1,250,000
Premium/Discount to List
-$30,000
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
0.0293%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 11, 2020
Closed on
Jul 8, 2021
Sold by
Bought by
Seller's Agent
James Chou
RE/MAX 2000 REALTY
Buyer's Agent
Serena Wu
RE/MAX 2000 REALTY
List Price
$1,280,000
Sold Price
$1,250,000
Premium/Discount to List
-$30,000
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
0.0293%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
0.0521%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
0.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,750
Interest Rate
0.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
0.0581%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 24, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
0.0694%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 12, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$1,250,000 Old Republic Title Company
$725,000 Orange Coast Title Company O
-- Fidelity National Title
$885,000 United Title Company-La
-- California Counties Title Co
-- --
-- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $937,500
Previous Owner $748,500
Previous Owner $470,000
Previous Owner $540,000
Previous Owner $663,750
Previous Owner $190,000
Previous Owner $600,000
Previous Owner $424,000
Previous Owner $276,000
Previous Owner $34,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,660 $1,406,991 $1,088,629 $318,362
2024 $15,660 $1,379,403 $1,067,283 $312,120
2023 $15,311 $1,352,356 $1,046,356 $306,000
2022 $15,012 $1,325,840 $1,025,840 $300,000
2021 $13,140 $1,160,576 $867,280 $293,296
2020 $13,018 $1,148,676 $858,387 $290,289
2019 $12,858 $1,126,153 $841,555 $284,598
2018 $12,664 $1,104,072 $825,054 $279,018
2017 $12,146 $1,082,424 $808,876 $273,548
2016 $9,117 $790,546 $526,059 $264,487
2015 $8,983 $778,672 $518,157 $260,515
2014 $8,793 $763,419 $508,007 $255,412
Source: Public Records

Agents Affiliated with this Home

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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

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