Seller's Agent in 2019
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
156 Total Sales
2689 N Bourbon St Orange, CA 92865
4
Beds
4
Baths
4,358
Sq Ft
8,276
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Landscaped
- Villa Park High School Rated A
About This Home
As of September 2019Great 4-Plex cash cow that checks all the boxes! Located in the prime area of East Orange next to Villa Park with close access to the 55 and 91 fwys. All units are 2 bedroom and 2 bath townhomes measuring approx. 1,000 SF. Tenants enjoy amenities including attached garage parking, private patios or decks, and individual inside laundry facilities. Each unit has separate meters: gas, water and electricity and their own central heat and A/C. The strategic location in close proximity to The Village at Orange, Old Town, offer residents with convenient access to major retailers, grocers, dining, and entertainment options as well as access to employment hubs in surrounding cities. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate. Yearly gross scheduled income is excellent at $93,360 and still room for upside potential of approx. 15%. Excellent investment opportunity. Great for owner occupant!! This is the one you’ve been waiting for!
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 04/24/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1979
Lot Details
- 8,276 Sq Ft Lot
- No Common Walls
- Landscaped
- Land Lease of $3,660 per year expires 12/19/64
Parking
- 6 Car Garage
Interior Spaces
- 4,358 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 10444
- Assessor Parcel Number 37454109
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 $270
- Fuel Expense $270
- Insurance Expense $1,586
- Maintenance Expense $2,400
- Other Expense $6,452
- Trash Expense $270
- Water Sewer Expense $270
- New Taxes Expense $14,304
- Operating Expense $25,822
- Gross Income $93,360
- Net Operating Income $64,737
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/27/2019 09/27/19 | Sold | $1,250,000 | -0.7% | $287 / Sq Ft | |
| 08/13/2019 08/13/19 | Pending | -- | -- | -- | |
| 07/25/2019 07/25/19 | Price Changed | $1,259,000 | -0.9% | $289 / Sq Ft | |
| 06/10/2019 06/10/19 | Price Changed | $1,270,000 | -1.9% | $291 / Sq Ft | |
| 05/29/2019 05/29/19 | Price Changed | $1,295,000 | -3.7% | $297 / Sq Ft | |
| 04/24/2019 04/24/19 | For Sale | $1,345,000 | +22.3% | $309 / Sq Ft | |
| 05/11/2018 05/11/18 | Sold | $1,100,000 | -2.2% | $253 / Sq Ft | View Prior Sale |
| 04/03/2018 04/03/18 | For Sale | $1,125,000 | +2.3% | $258 / Sq Ft | |
| 04/02/2018 04/02/18 | Off Market | $1,100,000 | -- | -- | |
| 03/05/2018 03/05/18 | For Sale | $1,125,000 | +2.3% | $258 / Sq Ft | |
| 03/05/2018 03/05/18 | Off Market | $1,100,000 | -- | -- | |
| 01/25/2018 01/25/18 | For Sale | $1,139,000 | +61.6% | $261 / Sq Ft | |
| 07/01/2012 07/01/12 | Sold | $705,000 | -6.0% | $162 / Sq Ft | View Prior Sale |
| 05/17/2012 05/17/12 | Pending | -- | -- | -- | |
| 03/14/2012 03/14/12 | For Sale | $749,900 | -- | $172 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $16,075 | $1,447,110 | $1,119,017 | $328,093 |
| 2024 | $16,075 | $1,418,736 | $1,097,076 | $321,660 |
| 2023 | $15,718 | $1,390,918 | $1,075,565 | $315,353 |
| 2022 | $15,412 | $1,363,646 | $1,054,476 | $309,170 |
| 2021 | $14,985 | $1,336,908 | $1,033,800 | $303,108 |
| 2020 | $14,847 | $1,323,200 | $1,023,200 | $300,000 |
| 2019 | $13,470 | $1,184,220 | $934,580 | $249,640 |
| 2018 | $10,197 | $871,217 | $529,893 | $341,324 |
| 2017 | $9,786 | $854,135 | $519,503 | $334,632 |
| 2016 | $9,601 | $837,388 | $509,317 | $328,071 |
| 2015 | $9,461 | $824,810 | $501,666 | $323,144 |
| 2014 | $9,260 | $808,654 | $491,839 | $316,815 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Chuck Cummings
Buyer's Agent in 2019
Chuck Cummings
RE/MAX
(714) 742-6624
1 in this area
19 Total Sales
-
Marlena Baldonado
Seller's Agent in 2018
Marlena Baldonado
Coldwell Banker Realty
(951) 214-8044
32 Total Sales
-
Kevin Hill
Buyer's Agent in 2018
Kevin Hill
Berkshire Hathaway HomeService
(949) 677-6500
2 in this area
123 Total Sales
-
Flo Bullock
Seller's Agent in 2012
Flo Bullock
Bullock Russell RE Services
(949) 614-0100
258 Total Sales
-
Gaetano LoGrande
Seller Co-Listing Agent in 2012
Gaetano LoGrande
Bullock Russell RE Services
(949) 614-0100
5 in this area
179 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19093110
APN: 374-541-09
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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