NOT LISTED FOR SALE

2689 N Bourbon St Orange, CA 92865

4 Beds
4 Baths
4,358 Sq Ft
8,276 Sq Ft Lot

Last Sold September 27, 2019

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

111 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Landscaped
  • Villa Park High School Rated A

About This Home

As of September 2019

Great 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

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 04/24/2019

Last Buyer's Agent

Chuck Cummings

Re/Max Coastal Homes License #01328586

Re/Max Coastal Homes

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

Property Details

Home Type

Apartment

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 270.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 37454109
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 286.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 270.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 3660.00
  • Land Lease Amount Frequency: Annually
  • Land Lease Expiration Date: 2064-12-19
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 270.00
  • Fuel Expense: 270.00
  • Gross Income: 93360.00
  • Gross Operating Income: 90559.00
  • Gross Scheduled Income: 93360.00
  • Insurance Expense: 1586.00
  • Lot Size Area: 0.1900 Acres
  • Maintenance Expense: 2400.00
  • Net Operating Income: 64737.00
  • 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
  • Operating Expense: 25822.00
  • Other Expense: 6452.00
  • Rent Control: No
  • Total Actual Rent: 7780.00
  • Total Expenses: 25822.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14304.00
  • Tax Census Tract: 762.02
  • Tax Lot: 9
  • Tax Tract Number: 10444

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2019

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    155 Total Sales

    Tyler Leeson
    Section Image
  • Chuck Cummings

    Buyer's Agent in 2019

    Chuck Cummings

    RE/MAX

    (714) 742-6624

    1 in this area

    20 Total Sales

    Chuck Cummings
    Section Image
  • Marlena Baldonado

    Seller's Agent in 2018

    Marlena Baldonado

    Coldwell Banker Realty

    (951) 214-8044

    35 Total Sales

    Marlena Baldonado
    Section Image
  • Kevin Hill

    Buyer's Agent in 2018

    Kevin Hill

    Berkshire Hathaway HomeService

    (949) 677-6500

    3 in this area

    121 Total Sales

    Kevin Hill
    Section Image
  • Flo Bullock

    Seller's Agent in 2012

    Flo Bullock

    Bullock Russell RE Services

    (949) 614-0100

    264 Total Sales

    Flo Bullock
    Section Image
  • Gaetano LoGrande

    Seller Co-Listing Agent in 2012

    Gaetano LoGrande

    Bullock Russell RE Services

    (949) 614-0100

    5 in this area

    181 Total Sales

    Gaetano LoGrande
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19093110

California Regional Multiple Listing Service (CRMLS)

APN: 374-541-09

California Orange County Orange 92865

2689 N Bourbon St, Orange, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes