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

Sale Details

Date 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
  • Laundry Facilities
  • John O. Tynes Elementary School Rated A-
  • 5 Car Garage
  • 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

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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
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

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

10,454 Sq Ft Lot

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

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

Closed on
Mar 6, 2019
Sold by
Bought by

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 21, 2018
Sold by
Bought by
Seller's Agent
Michael Arp
Morgan Skenderian
Buyer's Agent
Sandy Najjarine
Refined Realty
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 9, 2018
Sold by
Bought by
Seller's Agent
Michael Arp
Morgan Skenderian
Buyer's Agent
Sandy Najjarine
Refined Realty
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2013
Closed on
Nov 23, 2013
Sold by
Bought by
Seller's Agent
Shawn Shahbazi
Keller Williams Realty
Buyer's Agent
Shawn Shahbazi
Keller Williams Realty
List Price
$995,000
Sold Price
$910,000
Premium/Discount to List
-$85,000
-8.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Original Mortgage
$682,500
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,500
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
2.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 11, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,900
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 1996
Sold by
Bought by
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
-- First American Title
-- First American Title Co
$1,325,000 First American Title Co
$910,000 Ticor Title
-- Orange Coast Title
-- Investors Title Company
-- None Available
$887,500 Ticor Title Company Of Ca
-- Fidelity Natl Title Ins Co
-- Fidelity Natl Title Ins Co
-- --
$435,000 Stewart Title
-- First American Title Ins Co
-- First American Title Ins Co
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 $760,000
Closed $768,000
Closed $768,000
Previous Owner $686,250
Previous Owner $684,300
Previous Owner $682,500
Previous Owner $632,500
Previous Owner $632,500
Previous Owner $650,000
Previous Owner $487,500
Previous Owner $415,000
Previous Owner $85,000
Previous Owner $319,500
Previous Owner $318,700
Previous Owner $320,900
Previous Owner $243,750
Previous Owner $48,000
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 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

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 $16,775 $1,507,622 $1,281,580 $226,042
2025 $16,410 $1,478,061 $1,256,451 $221,610
2024 $16,410 $1,449,080 $1,231,815 $217,265
2023 $16,137 $1,420,667 $1,207,662 $213,005
2022 $16,014 $1,392,811 $1,183,982 $208,829
2021 $15,749 $1,365,501 $1,160,766 $204,735
2020 $15,790 $1,351,500 $1,148,864 $202,636
2019 $15,238 $1,325,000 $1,126,337 $198,663
2018 $11,600 $980,404 $772,428 $207,976
2017 $11,414 $961,181 $757,282 $203,899
2016 $11,189 $942,335 $742,434 $199,901
2015 $11,068 $928,181 $731,282 $196,899
2014 $10,745 $910,000 $716,957 $193,043
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

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