B
Seller's Agent in 2019
Ben Hecht
BD Realty
(310) 867-3056
10 Total Sales
320 N Clark St Unit 322 Orange, CA 92868
Estimated Value: $1,004,000 - $1,478,000
6
Beds
3
Baths
2,620
Sq Ft
$469/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Back and Front Yard
- Double Pane Windows
- Turnkey
- 1-Story Property
About This Home
As of October 2019Welcome to 320 and 322 N Clark St! Located in Old Towne Orange, get the income of a 4 unit property with the low maintenance of having only 2 with over a 6.7% cap rate! 2 separate large units separated by 2 garages (no common walls between the units) on a lot with incredible income that has been producing for over 3 years! 322 N Clark is a 4 Bedroom, 2 bathroom home that has recently been remodeled with new kitchen cabinets and quartz countertops. Tenant signed a 1 year lease June 1 at $3,995/month. Included inside the unit is washer/dryer hookup as well. 320 N Clark is a 2 bedroom, 1 bath unit renting for $2150/month. Each unit is separately metered for gas and electric. Brand new pex plumbing, newer laminate floors well as dual pane windows. Artificial turf for low maintenance. This is a cash cow and an opportunity not to be missed! Please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,728
Year Built
- Built in 1961 | Remodeled
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Parking
- 2 Car Garage
Home Design
- Turnkey
- Slab Foundation
- Shingle Roof
Interior Spaces
- 2,620 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 28
- Tax Tract Number 667
- Assessor Parcel Number 38644111
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $622
- Maintenance Expense $1,200
- Trash Expense $492
- Water Sewer Expense $1,236
- Operating Expense $4,150
- Net Operating Income $69,590
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2019
Closed on
Sep 16, 2019
Sold by
Hecht Ben
Bought by
Jebory Hadi and Muhsin Arib
Seller's Agent
Ben Hecht
BD Realty
Buyer's Agent
Grant Liu
Wetrust Realty
List Price
$1,150,000
Sold Price
$1,075,000
Premium/Discount to List
-$75,000
-6.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,004
Avg. Annual Appreciation
2.32%
Original Mortgage
$622,500
Outstanding Balance
$552,224
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$677,954
Purchase Details
Closed on
Jun 22, 2016
Sold by
Hecht Diane Patricia Kelly
Bought by
Hecht Ben
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
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 2016
Sold by
Newhard David W and Vewhard Patricia E
Bought by
Hecht Ben
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
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2004
Sold by
Vandrew Tommy W and Vandrew Xuan Hoa
Bought by
Newhard David W and Newhard Patricia E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jebory Hadi | $1,075,000 | First American Title Company | |
| Hecht Ben | -- | First American Title Company | |
| Hecht Ben | $650,000 | First American Title Company | |
| Newhard David W | $550,000 | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jebory Hadi | $622,500 | |
| Previous Owner | Hecht Ben | $724,500 | |
| Previous Owner | Hecht Ben | $543,000 | |
| Previous Owner | Hecht Ben | $487,500 | |
| Previous Owner | Newhard David W | $345,000 | |
| Previous Owner | Newhard David W | $350,000 | |
| Previous Owner | Newhard David W | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2019 10/31/19 | Sold | $1,075,000 | -0.9% | $410 / Sq Ft |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- |
| 09/11/2019 09/11/19 | Price Changed | $1,085,000 | -1.4% | $414 / Sq Ft |
| 08/15/2019 08/15/19 | Price Changed | $1,099,999 | -4.3% | $420 / Sq Ft |
| 07/02/2019 07/02/19 | For Sale | $1,150,000 | -- | $439 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,728 | $1,175,668 | $1,081,017 | $94,651 |
| 2024 | $12,728 | $1,152,616 | $1,059,820 | $92,796 |
| 2023 | $12,449 | $1,015,000 | $925,806 | $89,194 |
| 2022 | $12,210 | $1,107,859 | $1,018,665 | $89,194 |
| 2021 | $11,867 | $1,086,137 | $998,691 | $87,446 |
| 2020 | $11,758 | $1,075,000 | $988,450 | $86,550 |
| 2019 | $7,626 | $676,260 | $596,499 | $79,761 |
| 2018 | $7,510 | $663,000 | $584,802 | $78,198 |
| 2017 | $7,201 | $650,000 | $573,335 | $76,665 |
| 2016 | $7,303 | $660,571 | $568,124 | $92,447 |
| 2015 | $7,197 | $650,649 | $559,590 | $91,059 |
| 2014 | $7,044 | $637,904 | $548,628 | $89,276 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Hecht
-
Grant Liu
Buyer's Agent in 2019
Grant Liu
Wetrust Realty
(951) 318-1430
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19154657
APN: 386-441-11
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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
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