NOT LISTED FOR SALE

3116 E Orangethorpe Ave Anaheim, CA 92806

North Anaheim Neighborhood
9 Beds
7 Baths
4,320 Sq Ft
10,454 Sq Ft Lot

Last Sold September 24, 2018

Last sale price $1,325,000 $307 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage
  • John O. Tynes Elementary School Rated A-
  • Laundry Room
  • Front Yard

About This Home

As of September 2018

Excellent opportunity for an owner occupant or seasoned investor to purchase a well maintained and upgraded Covington 4-plex located in a desirable neighborhood in Anaheim; bordering Placentia. The structure is 4,320 square feet and has been renovated inside and out. Interior upgrades include: ceramic tile flooring, granite counter tops, refaced kitchen cabinets, and newer bathroom vanities. Exterior upgrades include: double pane windows, newer garage doors, and new decking. Residents enjoy enclosed patios and balconies (upstairs units), excellent parking (enclosed garages and assigned spaces), and an onsite laundry facility. Additionally, the building is located within the award-winning Placentia Unified School District. This Covington 4-plex will be a sought-after product for years to come. Cap rate and gross rent multiplier based on proforma rents.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 07/30/2018

Last Buyer's Agent

Sandy Najjarine

Refined Realty License #01901399

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 10,454 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Interior Spaces

  • 4,320 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 7684
  • Assessor Parcel Number 34502104

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,407
  • Other Expense $3,420
  • Operating Expense $24,498
  • Gross Income $89,400
  • Net Operating Income $62,220

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.60
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 34502104
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 306.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 10454.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 89400.00
  • Gross Multiplier: 15.10
  • Gross Operating Income: 86718.00
  • Gross Scheduled Income: 89400.00
  • Insurance Expense: 1407.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Net Operating Income: 62220.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24498.00
  • Operating Expense Percent: 27.00
  • Other Expense: 3420.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 24498.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 117.14
  • Tax Lot: 4
  • Tax Tract Number: 7684

Range of Values:

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Sold Price
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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
09/24/2018 09/24/18 Sold $1,325,000 -1.9% $307 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $1,350,000 +48.4% $313 / Sq Ft
12/20/2013 12/20/13 Sold $910,000 -8.5% $211 / Sq Ft View Prior Sale
11/30/2013 11/30/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $995,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18183069

California Regional Multiple Listing Service (CRMLS)

APN: 345-021-04