Jordan Wagner
Serhant Colorado LLC
(720) 734-6952
35 Total Sales
1 in Orange
$1,150,000 Price
338 W Kelly Ave Orange, CA 92866
Orange Area
9
Beds
7
Baths
4,315
Sq Ft
9,450
Sq Ft Lot
Highlights
- Granite Countertops
- Courtyard Views
- Cul-De-Sac
- Lawn
- Balcony
- Laundry Room
About This Home
As of April 2024IF PRIDE OF OWNERSHIP AND EASY FINANCING ARE YOUR BUYER'S PRIORITY, THEN BE SURE TO CHECK OUT THIS 4-PLEX!!! SEE SUPPLEMENT ATTACHED TO THIS LISTING FOR FINANCIAL ANALYSIS AND LIST OF REMODEL IMPROVEMENTS!!! ALSO, OWNER WILL CARRY FIRST T.D. LOAN with no prepay penalty for up to 10 years with min. down of 30%... Year (one) at 5%, year (two) at 5.5% and year (3) at 6%. Remaining terms are negotiable!!! Great opportunity for your Buyer!!!
This OUTSTANDING 4-PLEX INVESTMENT in a GREAT LOCATION IN THE CITY OF ORANGE HAS IT ALL ---- SUPERB CONDITION!!! - GREAT INCOME AT $139,200 per yr.!!! - EXCEPTIONAL PROPERTY MANAGEMENT!!! "METICULOUSLY REMODELED" and "EXPERTLY MANAGED" over the last 6 years by one of Orange County's most discerning apartment owners. This 4-Plex is a true gem giving the term "TURNKEY PROPERTY" a new meaning. Virtually nothing to do when taking over this very well managed and remodeled 4-plex. Just purchase it and start collecting rents. It's highly unlikely that you will find a nicer more well maintained 4-Plex investment in Orange County. Located on a very nice and quiet Cul-de-sac street within walking distance of the "Traffic Circle" in "Old Towne Orange" and "Chapman College". All Brand New Central Heat and Air Conditioning for each unit. New Central Water water heater in laundry room. Ceilings in downstairs units have been insulated to quiet any noise from tenants above. New Roof, completely remodeled Kitchens and Bathrooms Including Tubs/Shower enclosures. All new window coverings. All new kitchen appliances. Purchase price includes new, in 2018, REFRIGERATORS AND 4 STACKED WASHER AND DRYER UNITS IN CENTRAL LAUNDRY ROOM FOR EACH TENANT. New Ceiling fans in all Living rooms, dining rooms and bedrooms. New canned lighting in kitchen ceilings. All new vinyl windows. Complete New Landscaping including beautiful artificial turf. Parking area Paving and Striping are in great condition having been repaved in 2018. All New Flooring in All units. All New complete Wood Fencing. Four Stacked Clothes Washers in central laundry owned by Seller. Therefore each tenant has their own designated washer/dryer which is free to use by each tenant. This is truly a property you must see to believe and appreciate. So, if you want to invest in the best 4-plex investment in Orange County, look no further. You have just found it!!!
Last Agent to Sell the Property
New Dimension Investment Prop Brokerage Phone: 714-393-8060 License #00640512 Listed on: 03/26/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,377
Year Built
- Built in 1969
Lot Details
- 9,450 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Masonry wall
- Wrought Iron Fence
- Rectangular Lot
- Level Lot
- Sprinkler System
- Lawn
- Garden
- Front Yard
Parking
- 4 Car Garage
- Parking Storage or Cabinetry
- Parking Available
- Side Facing Garage
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Interior Block Wall
- Asbestos Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,315 Sq Ft Home
- 2-Story Property
- Wired For Data
- Living Room with Fireplace
- Laminate Flooring
- Courtyard Views
Kitchen
- Built-In Range
- Granite Countertops
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 17
- Tax Tract Number 6841
- Assessor Parcel Number 39064117
- $1,037 per year additional tax assessments
Community Details
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $658
- Fuel Expense $1,596
- Insurance Expense $2,996
- Trash Expense $1,626
- Water Sewer Expense $1,763
- Operating Expense $49,152
- Gross Income $139,200
- Net Operating Income $87,264
Additional Features
- 4 Units
- Laundry Facilities
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
Listed on
Mar 26, 2024
Closed on
Apr 12, 2024
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Stephanie St Pierre
Seven Gables Real Estate
List Price
$2,499,000
Sold Price
$2,475,000
Premium/Discount to List
-$24,000
-0.96%
Views
47
Purchase Details
Closed on
Apr 2, 2021
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
$240,000
Interest Rate
2.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 16, 2017
Closed on
Apr 24, 2017
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Bob Walz
New Dimension Investment Prop
List Price
$1,399,500
Sold Price
$1,355,000
Premium/Discount to List
-$44,500
-3.18%
Purchase Details
Closed on
Mar 8, 2004
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
$716,200
Interest Rate
4.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 8, 1999
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
$295,600
Interest Rate
3.35%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange, CA
-
Jordan Wagner
-
Paul Daftarian
Paul Daftarian
Luxe Real Estate
(657) 385-8384
245 Total Sales
3 in Orange
$912K - $1.5M Price Range
-
Harvey Vargas
Harvey Vargas
First Team Real Estate
(949) 430-6853
47 Total Sales
1 in Orange
$1,549,000 Price
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
6 in Orange
$475K - $1.4M Price Range
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
152 Total Sales
1 in Orange
$525,000 Price
-
Gilbert Perez
Gilbert Perez
Legacy Real Estate
(657) 387-8015
17 Total Sales
2 in Orange
$900K - $1.1M Price Range
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 |
|---|---|---|---|
| $2,475,000 | Lawyers Title | ||
| -- | American Coast Title | ||
| $1,355,000 | Lawyers Title | ||
| $900,000 | Chicago Title | ||
| $369,500 | Fidelity National Title Ins |
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 |
|---|---|---|---|
| Previous Owner | $240,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $719,100 | ||
| Previous Owner | $160,850 | ||
| Previous Owner | $86,250 | ||
| Previous Owner | $716,200 | ||
| Previous Owner | $295,600 |
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 |
|---|---|---|---|---|---|
| 04/23/2024 04/23/24 | Sold | $2,475,000 | -1.0% | $574 / Sq Ft | |
| 03/26/2024 03/26/24 | For Sale | $2,499,000 | 0.0% | $579 / Sq Ft | |
| 04/15/2018 04/15/18 | Rented | $2,700 | 0.0% | -- | |
| 03/24/2018 03/24/18 | Under Contract | -- | -- | -- | |
| 02/23/2018 02/23/18 | For Rent | $2,700 | 0.0% | -- | |
| 05/05/2017 05/05/17 | Sold | $1,355,000 | -3.2% | $314 / Sq Ft | View Prior Sale |
| 02/16/2017 02/16/17 | For Sale | $1,399,500 | -- | $324 / 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 | $27,853 | $2,574,990 | $2,354,249 | $220,741 |
| 2025 | $27,853 | $2,524,500 | $2,308,087 | $216,413 |
| 2024 | $17,376 | $1,541,756 | $1,352,901 | $188,855 |
| 2023 | $16,991 | $1,511,526 | $1,326,374 | $185,152 |
| 2022 | $16,661 | $1,481,889 | $1,300,367 | $181,522 |
| 2021 | $16,198 | $1,452,833 | $1,274,870 | $177,963 |
| 2020 | $16,049 | $1,437,936 | $1,261,797 | $176,139 |
| 2019 | $15,849 | $1,409,742 | $1,237,056 | $172,686 |
| 2018 | $15,608 | $1,382,100 | $1,212,800 | $169,300 |
| 2017 | $12,294 | $1,096,737 | $887,964 | $208,773 |
| 2016 | $12,059 | $1,075,233 | $870,553 | $204,680 |
| 2015 | $11,883 | $1,059,082 | $857,476 | $201,606 |
| 2014 | $10,008 | $881,182 | $686,941 | $194,241 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Walz
Seller's Agent in 2024
Bob Walz
New Dimension Investment Prop
(714) 393-8060
9 Total Sales
-
Stephanie St Pierre
Buyer's Agent in 2024
Stephanie St Pierre
Seven Gables Real Estate
(714) 404-6411
46 Total Sales
-
Deborah Walz
Seller's Agent in 2018
Deborah Walz
Hallmark West Real Estate
(949) 230-7312
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24059676
APN: 390-641-17
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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