NOT LISTED FOR SALE

310 S Orange Ave Unit B Brea, CA 92821

Brea Area
3 Beds
3 Baths
2,350 Sq Ft
6,996 Sq Ft Lot

Sale Details

Date Sold: November 15, 2024

Last sale price $1,075,000 $457 Per Sq Ft

30 Days on Market

Highlights

  • Laundry Facilities
  • Rectangular Lot
  • 3-minute walk to City Hall Park
  • Brea Junior High School Rated A
  • 1-Story Property

About This Home

As of November 2024

We are pleased to present the investment opportunity of the Orange Street Property, a triplex located in the desirable city of Brea, CA. This property features a front unit with 2 bedrooms, 2 bathrooms, and a mother-in-law suite with a room and bathroom in the backyard. The two 1-bedroom, 1-bathroom units in the back have private alley access, ensuring tenant privacy. Additionally, the property includes a convenient on-site laundry facility, enhancing tenant convenience. With a large front unit, the Orange Property offers a solid first time investment opportunity with stable cash flow allowing the buyer to live in one unit and earn income on the other two in a prime location. The well-maintained condition of the units, coupled with the strong rental demand in Brea, makes this an ideal opportunity for investors looking to capitalize on a thriving market. Don’t miss out on the chance to acquire a promising asset in one of Orange County’s most sought-after cities.

Last Agent to Sell the Property

James Wardlaw

Sperry Commercial Brokerage Phone: 949-756-3232 License #02061381 Listed on: 08/19/2024

Last Buyer's Agent

NONE NONE

None MRML License #N/A

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,996 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,350 Sq Ft Home
  • 1-Story Property
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 441
  • Assessor Parcel Number 28423402
  • $448 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Operating Expense $25,320
  • Gross Income $75,427
  • Net Operating Income $50,107

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

6,996 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Brea
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 28423402
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 457.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6996.00
  • Lot Size Acres: 0.1606

Multi Family

  • Gross Income: 75427.00
  • Gross Scheduled Income: 77760.00
  • Lot Size Area: 6996.0000 Square Feet
  • Net Operating Income: 50107.00
  • Number Of Units Total: 3
  • Operating Expense: 25320.00
  • Rent Control: Yes
  • Total Expenses: 25320.00

Tax Info

  • Tax Census Tract: 15.04
  • Tax Lot: 3
  • Tax Tract Number: 441
  • TaxOtherAnnualAssessmentAmount: 448.00

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
Aug 19, 2024
Closed on
Oct 29, 2024
Sold by
Dunlap Nicole and Dunlap Paul T
Bought by
Seller's Agent
James Wardlaw
Sperry Commercial
Buyer's Agent
NONE NONE
None MRML
List Price
$1,125,000
Sold Price
$1,075,000
Premium/Discount to List
-$50,000
-4.44%
Views
84

Purchase Details

Closed on
May 22, 2024
Sold by
Paul T Dunlap Separate Property Trust and Dunlap Paul T
Bought by
Dunlap Paul T and Dunlap Nicole

Purchase Details

Closed on
Jun 20, 2023
Sold by
Dunlap Paul T
Bought by
Paul T Dunlap Separate Property Trust

Purchase Details

Closed on
Dec 12, 2019
Sold by
Cervantes Pascual C and Cervantes Darlene
Bought by
Dunlap Paul T

Purchase Details

Closed on
Feb 1, 2017
Sold by
Cervantes Pascual C
Bought by
Cervantes Pascual C and Cervantes Darlene

Purchase Details

Closed on
Aug 14, 2003
Sold by
Cervantes Pascual C
Bought by
Cervantes Pascual C and Cervantes Irene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 12, 2003
Sold by
Cervantes Irene
Bought by
Cervantes Pascual C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 23, 2002
Sold by
Cervantes Pascual C
Bought by
Cervantes Pascual C and Cervantes Irene

Purchase Details

Closed on
May 29, 2000
Sold by
Cervantes Antonio C and Cervantes Antonia C
Bought by
Cervantes Pasqual C
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,075,000 First American Title
Dunlap Paul T -- None Listed On Document
Paul T Dunlap Separate Property Trust -- None Listed On Document
Dunlap Paul T $775,000 Stewart Title Of Ca Inc
Cervantes Pascual C -- None Available
Cervantes Pascual C -- Gateway Title Company
Cervantes Pascual C -- Gateway Title Company
Cervantes Pascual C -- Commonwealth Land Title
Cervantes Pasqual C -- --
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
Open $415,000
Previous Owner Dunlap Paul T $425,000
Previous Owner Cervantes Pascual C $100,000
Previous Owner Cervantes Pascual C $520,000
Previous Owner Cervantes Pascual C $200,000
Previous Owner Cervantes Pascual C $45,000
Previous Owner Cervantes Pascual C $230,000
Previous Owner Cervantes Pascual $30,000
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
11/15/2024 11/15/24 Sold $1,075,000 -4.4% $457 / Sq Ft
08/19/2024 08/19/24 For Sale $1,125,000 -- $479 / 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
2026 $12,636 $1,096,500 $999,903 $96,597
2025 $9,571 $1,075,000 $980,297 $94,703
2024 $9,571 $830,955 $762,335 $68,620
2023 $9,308 $814,662 $747,387 $67,275
2022 $9,223 $798,689 $732,733 $65,956
2021 $9,051 $783,029 $718,366 $64,663
2020 $3,979 $321,580 $252,753 $68,827
2019 $3,802 $315,275 $247,797 $67,478
2018 $3,744 $309,094 $242,939 $66,155
2017 $3,751 $303,034 $238,176 $64,858
2016 $3,678 $297,093 $233,506 $63,587
2015 $3,627 $292,631 $229,999 $62,632
2014 $3,524 $286,899 $225,493 $61,406
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24170435

California Regional Multiple Listing Service (CRMLS)
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