NOT LISTED FOR SALE

271 S Orange St Orange, CA 92866

Estimated Value: $1,253,000 - $1,355,000

8 Beds
5 Baths
3,127 Sq Ft
$416/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $1,127,000 $360 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,998/month

16 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Central Heating
  • No HOA
  • Tile Flooring
  • Ceiling Fan

About This Home

As of January 2017

RARE 3 UNIT COMPLEX WITH A BONUS ROOM/STUDIO PLUS 5 GARAGE SPACES JUST A FEW BLOCKS FROM THE PLAZA. CLASSIC 50'S DUPLEX HAS TWO 2 BEDROOM 1 BATH CHARMING UNITS FEATURING THE CUSTOM TILE AND BUILT-INS. IN 1986, WITH PERMITS, A THREE BEDROOM HOME WAS MOVED ON TO THE LOT AND ATTACHED TO THE DUPLEX CREATING A 3 BEDROOM 2 BATH UPPER UNIT. A THREE CAR GARAGE WAS BUILT UNDER THE MOVE ON HOME TO CREATE PARKING FOR A TOTAL OF 5 GARAGES AND COOL BALCONIES ABOVE. THERE IS A BONUS ROOM WITH ITS OWN BATH USED AS A STUDIO AS A BONUS. THIS IS A ONE OF A KIND RENTAL PROPERTY WITH STRONG RENTAL DEMAND IN A FANTASTIC LOCATION.
A BEAUTIFUL FRONT PATIO AREA ENJOYS THE SITES AND SOUNDS OF YESTERYEAR, IN OLD TOWNE ORANGE!

Last Agent to Sell the Property

Albert Ricci

Ricci Realty License #01011606 Listed on: 11/01/2016

Last Buyer's Agent

Jacqui Graves

North Hills Realty License #00350899

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,423 Sq Ft Lot
  • Lot Dimensions are 50x151
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot

Parking

  • 4 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Triplex
  • Traditional Architecture
  • Split Level Home
  • Entry on the 1st floor
  • Additions or Alterations
  • Pillar, Post or Pier Foundation
  • Combination Foundation
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,127 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Panel Doors
  • Tile Flooring

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 37
  • Tax Tract Number 30
  • Assessor Parcel Number 39039603

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $2,300
  • Maintenance Expense $8,500
  • Pest Control $600
  • Trash Expense $566
  • Water Sewer Expense $960
  • New Taxes Expense $12,524
  • Operating Expense $26,435
  • Gross Income $7,085
  • Net Operating Income $56,034

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: OLD TOWNE
  • View: No
  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional
  • Property Condition: Additions/Alterations
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 39039603
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Multi/Split
  • Price Per Square Foot: 360.41
  • Room Type: Kitchen

Exterior Features

  • Foundation: Combination, Pillar/Post/Pier, Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Water Heater
  • Electric: Standard
  • Heating Type: Central, Wall Furnace, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Pest Control Expense: 600.00
  • Sewer: Sewer Paid
  • Trash Expense: 566.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size: 50X151
  • Lot Size Sq Ft: 7423.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Average Studio Area: 150 Square Feet
  • Gross Income: 7085.00
  • Gross Operating Income: 82469.00
  • Gross Scheduled Income: 85020.00
  • Insurance Expense: 2300.00
  • Maintenance Expense: 8500.00
  • Net Operating Income: 56034.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 26435.00
  • Rent Control: No
  • Total Actual Rent: 800.00
  • Total Expenses: 26435.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12524.00
  • Tax Census Tract: 759.02
  • Tax Lot: 37
  • Tax Tract: CZ CULVER TRACT
  • Tax Tract Number: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2018
Sold by
Thoi Chay C and Thoi Lisa H
Bought by
Thoi Chay C and Thoi Lisa H
Current Estimated Value
$1,301,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$846,000
Outstanding Balance
$713,924
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$587,867

Purchase Details

Closed on
Nov 22, 2016
Sold by
Johannessen John B and Johannessen Linda K
Bought by
Thoi Chay C and Thoi Lisa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,250
Interest Rate
4.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thoi Chay C -- None Available
Thoi Chay C $1,127,000 Orange Coast Title Co Socal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thoi Chay C $846,000
Previous Owner Thoi Chay C $845,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $1,127,000 -1.9% $360 / Sq Ft
11/17/2016 11/17/16 Pending -- -- --
11/01/2016 11/01/16 For Sale $1,149,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,359 $1,307,976 $1,141,302 $166,674
2024 $14,359 $1,282,330 $1,118,924 $163,406
2023 $14,042 $1,257,187 $1,096,985 $160,202
2022 $13,770 $1,232,537 $1,075,476 $157,061
2021 $13,387 $1,208,370 $1,054,388 $153,982
2020 $13,263 $1,195,980 $1,043,576 $152,404
2019 $13,097 $1,172,530 $1,023,114 $149,416
2018 $12,898 $1,149,540 $1,003,053 $146,487
2017 $4,909 $405,841 $204,477 $201,364
2016 $4,818 $397,884 $200,468 $197,416
2015 $4,747 $391,908 $197,457 $194,451
2014 $4,647 $384,232 $193,590 $190,642
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16738518

California Regional Multiple Listing Service (CRMLS)

APN: 390-396-03