NOT LISTED FOR SALE
5 Beds
5 Baths
22,782 Sq Ft
1.16 Acres

Last Sold March 01, 2016

Last sale price $6,100,000 $268 Per Sq Ft

58 Days on Market

Highlights

  • Private Pool
  • Western High School Rated A-
  • 1.16 Acre Lot

About This Home

As of March 2016

El Paseo Apartments located at 3340 West Orange Avenue, is a 29-unit multifamily investment property in the city of Anaheim, California. Built in 1976 & 1984, the property possesses 12 one-bedroom/one-bath units, four two-bedroom/one-bath units, 12 two-bedroom/two-bath units and one studio unit. The property provides ample parking, a laundry facility and gated swimming pool.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 10/06/2015

Last Buyer's Agent

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 1.16 Acre Lot
  • No Common Walls

Home Design

  • 22,782 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 104 Parking Spaces
  • 33 Carport Spaces

Outdoor Features

  • Private Pool
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 9
  • Assessor Parcel Number 07961132

Community Details

Overview

  • 5 Buildings
  • 29 Units

Recreation

  • Community Pool

Building Details

  • 29 Leased Units
  • 29 Separate Electric Meters
  • 29 Separate Gas Meters
  • 29 Separate Water Meters
  • Electric Expense $4,375
  • Furniture Replacement Expense $5,800
  • Gardener Expense $2,400
  • Insurance Expense $4,725
  • Maintenance Expense $17,550
  • Pool Expense $1,200
  • Professional Management Expense $29,520
  • Supplies Expense $5,200
  • Trash Expense $4,375
  • Water Sewer Expense $4,375
  • New Taxes Expense $76,956
  • Gross Income $35,630
  • Net Operating Income $268,282

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Professional Management Expense: 29520.00
  • Property Attached: No
  • Supplies Expense: 5200.00
  • Water Sewer Expenses: 4375.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 07961132
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 267.76

Exterior Features

  • Pool Expense: 1200.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 33.00
  • Total Parking Spaces: 104.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 4375.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 50530.00
  • Price Per Lot Square Foot: 120.72
  • Lot Size Acres: 1.1600

Multi Family

  • Electric Expense: 4375.00
  • Furniture Replacement Expense: 5800.00
  • Gross Income: 35630.00
  • Gross Scheduled Income: 441960.00
  • Insurance Expense: 4725.00
  • Lot Size Area: 50530.0000 Square Feet
  • Maintenance Expense: 17550.00
  • Net Operating Income: 268282.00
  • Number Of Separate Electric Meters: 29
  • Number Of Separate Gas Meters: 29
  • Number Of Separate Water Meters: 29
  • Number Of Units Leased: 29
  • Number Of Units Total: 29
  • Operating Expense: 160851.00
  • Rent Control: No
  • Total Actual Rent: 35630.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 76956.00
  • Tax Lot: 35
  • Tax Tract Number: 9

Range of Values:

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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 Change Sq Ft Price
03/01/2016 03/01/16 Sold $6,100,000 -4.7% $268 / Sq Ft
12/03/2015 12/03/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $6,400,000 -- $281 / 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: OC15219095

California Regional Multiple Listing Service (CRMLS)