NOT LISTED FOR SALE

340 N Clark St Orange, CA 92868

Estimated Value: $904,000 - $1,072,000

2 Beds
1 Bath
1,800 Sq Ft
$552/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $746,000 $414 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,118/month

59 Days on Market

Highlights

  • Open Floorplan
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Property is near public transit
  • Living Room
  • No Interior Steps

About This Home

As of April 2021

GREAT UPPORTUNITLY TO PURCHASE A DUPLEX EACH UNIT WITH A TWO BEDROOM ONE BATHROOM IN CITY OF ORANGE, CLOSE TO COLLEGE AND NEAR HISTORICAL CIRCLE. EACH UNIT WITH A SINGLE CAR GARAGE, WASHER & DRYER HOOKUP, AND A PRIVATE LARGE BACK YARD

Last Agent to Sell the Property

Tom Mashhood

Tom and Associates License #00908452 Listed on: 01/04/2021

Last Buyer's Agent

Sam Beshara

RE/MAX TerraSol License #02094495

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,911

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Block Wall Fence
  • No Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Bungalow
  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Atrium Windows
  • Window Screens
  • Living Room
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • Doors are 32 inches wide or more
  • No Interior Steps
  • Accessible Parking

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, security
  • Tax Lot 28
  • Tax Tract Number 667
  • Assessor Parcel Number 38644113

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,050
  • Trash Expense $1,040
  • Water Sewer Expense $825
  • New Taxes Expense $9,000
  • Operating Expense $13,165
  • Gross Income $43,500
  • Net Operating Income $31,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,911

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 7148716400
  • CapRate: 4.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 825.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 38644113
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: 32 Inch Or More Wide Doors, No Interior Steps, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 414.44
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Atrium, Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Concrete Perimeter, Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1040.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999, Near Public Transit, Sprinklers None
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas, Security

Multi Family

  • Average1 Bed Area: 900 Square Feet
  • Gross Income: 43500.00
  • Gross Multiplier: 17.20
  • Gross Operating Income: 42200.00
  • Gross Scheduled Income: 43500.00
  • Insurance Expense: 1050.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 31700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Operating Expense: 10500.00
  • Operating Expense Percent: 25.00
  • Rent Control: Yes
  • Total Expenses: 13165.00
  • Vacancy Allowance: 1300
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 759.01
  • Tax Lot: 28
  • Tax Tract Number: 667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2024
Sold by
Tawfik Mark
Bought by
Mark Tawfik Living Trust and Tawfik
Current Estimated Value
$994,157

Purchase Details

Listed on
Jan 4, 2021
Closed on
Mar 8, 2021
Sold by
Yano Fred K
Bought by
Tawfik Mark
Seller's Agent
Tom Mashhood
Tom and Associates
Buyer's Agent
Sam Beshara
RE/MAX TerraSol
List Price
$749,000
Sold Price
$746,000
Premium/Discount to List
-$3,000
-0.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$719,890
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 1996
Sold by
Yano Satoji and Yano Rose
Bought by
Yano Satoji and Yano Rose

Purchase Details

Closed on
Feb 7, 1994
Sold by
Yano Satoji and Yano Rose Kiyoko
Bought by
Yano Satoji and Yano Rose Kiyoko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,950
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mark Tawfik Living Trust -- None Listed On Document
Tawfik Mark $746,000 Orange Coast Title Company
Yano Satoji -- --
Yano Satoji -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tawfik Mark $237,000
Previous Owner Tawfik Mark $729,000
Previous Owner Tawfik Mark $719,890
Previous Owner Yano Satoji $38,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $746,000 -0.4% $414 / Sq Ft
01/04/2021 01/04/21 For Sale $749,000 0.0% $416 / Sq Ft
06/01/2020 06/01/20 Rented $1,850 0.0% --
05/21/2020 05/21/20 For Rent $1,850 -- --
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 $8,911 $807,493 $731,940 $75,553
2024 $8,911 $791,660 $717,588 $74,072
2023 $8,714 $776,138 $703,518 $72,620
2022 $8,545 $760,920 $689,723 $71,197
2021 $1,479 $93,541 $38,078 $55,463
2020 $1,464 $92,582 $37,687 $54,895
2019 $1,451 $90,767 $36,948 $53,819
2018 $1,431 $88,988 $36,224 $52,764
2017 $1,384 $87,244 $35,514 $51,730
2016 $1,361 $85,534 $34,818 $50,716
2015 $1,340 $84,250 $34,295 $49,955
2014 $1,312 $82,600 $33,623 $48,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21001752

California Regional Multiple Listing Service (CRMLS)

APN: 386-441-13