NOT LISTED FOR SALE

326 S Orange Ave Brea, CA 92821

Estimated Value: $961,000 - $1,352,154

5 Beds
3 Baths
2,250 Sq Ft
$550/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $1,165,000 $518 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,624/month

10 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Brea Junior High School Rated A
  • Tile Flooring
  • 3-minute walk to City Hall Park

About This Home

As of December 2021

BREA TWO ON A LOT OPPORTUNITY!!! Live in one unit and lease out the other, or enjoy a steady income from both units. This charming property offers two separate units and is zoned R3. Each dwelling has a separate garage. Access to the back unit is through the alley. Both long-term tenants are on month to month leases. Front house has lovely fireplace and lots of charm. Back unit is spacious and private. Just a short walk to downtown Brea shopping and dining. Beautiful tree-lined Brea neighborhood. PLEASE DO NOT DISTURB THE TENANTS!

Last Agent to Sell the Property

Karen Ulloa

Redfin Corporation License #01395066 Listed on: 10/13/2021

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,250 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 441
  • Assessor Parcel Number 28423406
  • $494 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,040
  • Insurance Expense $1,200
  • Operating Expense $2,240
  • Gross Income $53,400
  • Net Operating Income $40,372

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Inclusions: see listing agent for full list
  • Property Attached: No
  • Subdivision Name Other: Downtown Brea
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1040.00
  • Parcel Number: 28423406
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 517.78

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 40372.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 13028.00
  • Rent Control: No
  • Total Expenses: 2240.00

Tax Info

  • Tax Census Tract: 15.04
  • Tax Lot: 7
  • Tax Tract Number: 441
  • TaxOtherAnnualAssessmentAmount: 494.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 4, 2021
Sold by
Lim Kent and Rodriguez Michelle
Bought by
Ramos Stephanie Leinani Ritua and Ramos Ryan Ritua
Seller's Agent
Karen Ulloa
Redfin Corporation
List Price
$1,099,998
Sold Price
$1,165,000
Premium/Discount to List
$65,002
5.91%
Current Estimated Value
$1,237,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,789
Avg. Annual Appreciation
1.49%
Original Mortgage
$272,000
Outstanding Balance
$247,693
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$990,096

Purchase Details

Listed on
Mar 3, 2020
Closed on
Oct 23, 2020
Sold by
Contopulos Stuart and Contopulos Sandra L
Bought by
Lim Kent and Rodriguez Michelle
Seller's Agent
Donna Dostalik
RE/MAX Unlimited Real Estate
Buyer's Agent
Donna Dostalik
RE/MAX Unlimited Real Estate
List Price
$929,000
Sold Price
$870,000
Premium/Discount to List
-$59,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.09%
Original Mortgage
$460,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2016
Sold by
Contopulos Stuart and Contopulos Sandra L
Bought by
Contopulos Stuart and Contopulos Sandra L

Purchase Details

Closed on
Aug 4, 2005
Sold by
Contopulos Stuart and Contopulos Sandra L
Bought by
Contopulos Stuart and Contopulos Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
5.46%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 14, 2005
Sold by
Contopulos Stuart and Contopulos Sandra L
Bought by
Contopulos Stuart and Contopulos Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
5.46%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 16, 2004
Sold by
Contopulos Stuart and Contopulos Sandra
Bought by
Contopulos Stuart and Contopulos Sandra L

Purchase Details

Closed on
Jan 9, 1998
Sold by
Jessie Perez Manuel and Perez Donna J
Bought by
Contopulos Stuart and Contopulos Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
7.05%
Mortgage Type
Seller Take Back
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
Ramos Stephanie Leinani Ritua $1,165,000 Wfg Title Company
Ramos Stephanie Leinani Ritua -- Wfg Title Company
Lim Kent $870,000 Chicago Title Co
Contopulos Stuart -- None Available
Contopulos Stuart -- Chicago Title Co
Contopulos Stuart -- Chicago Title Co
Contopulos Stuart -- --
Contopulos Stuart $242,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Stephanie Leinani Ritua $272,000
Previous Owner Lim Kent $460,000
Previous Owner Contopulos Stuart $507,000
Previous Owner Contopulos Stuart $194,000
Closed Contopulos Stuart $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/10/2021 12/10/21 Sold $1,165,000 0.0% $518 / Sq Ft
10/31/2021 10/31/21 Off Market $1,165,000 -- --
10/30/2021 10/30/21 For Sale $1,099,998 -5.6% $489 / Sq Ft
10/27/2021 10/27/21 Off Market $1,165,000 -- --
10/23/2021 10/23/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $1,099,998 +26.4% $489 / Sq Ft
10/30/2020 10/30/20 Sold $870,000 -3.2% $387 / Sq Ft View Prior Sale
09/25/2020 09/25/20 Pending -- -- --
07/27/2020 07/27/20 Price Changed $899,000 -1.1% $400 / Sq Ft
06/19/2020 06/19/20 Price Changed $909,000 -3.1% $404 / Sq Ft
05/23/2020 05/23/20 Price Changed $938,000 +5.4% $417 / Sq Ft
04/16/2020 04/16/20 Price Changed $890,000 -4.2% $396 / Sq Ft
03/03/2020 03/03/20 For Sale $929,000 -- $413 / 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 $13,825 $1,236,307 $1,104,249 $132,058
2024 $13,825 $1,212,066 $1,082,597 $129,469
2023 $13,446 $1,188,300 $1,061,369 $126,931
2022 $13,326 $1,165,000 $1,040,557 $124,443
2021 $10,079 $870,000 $746,811 $123,189
2020 $4,400 $353,322 $224,486 $128,836
2019 $4,289 $346,395 $220,085 $126,310
2018 $4,226 $339,603 $215,769 $123,834
2017 $4,148 $332,945 $211,539 $121,406
2016 $4,068 $326,417 $207,391 $119,026
2015 $4,011 $321,514 $204,275 $117,239
2014 $3,898 $315,216 $200,273 $114,943
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21226504

California Regional Multiple Listing Service (CRMLS)

APN: 284-234-06