3933 Orangedale Ave Montrose, CA 91020
5
Beds
2
Baths
1,832
Sq Ft
8,295
Sq Ft Lot
Highlights
- Mountain View
- Partially Fenced Property
- 1-Story Property
- John C. Fremont Elementary School Rated A-
- Level Lot
About This Home
As of September 2024Prime duplex property located in the heart of Montrose, just two blocks from Honolulu Ave & Montrose Village. Featuring two detached homes with 1,832 square feet of combined living area on a large 8,295 square foot lot, 3933 Orangedale presents an exceptional opportunity for buyers, investors, and developers alike. The front house (3933 Orangedale) has 990 Sq Ft, 3 bedrooms, 1 bath, an oversized detached two-car garage, front porch, covered patio, LVP flooring throughout, and a private yard with citrus and avocado trees. The back house (3935 Orangedale) has 842 Sq Ft, 2 bedrooms, 1 bath, bonus room, large kitchen, dining area, updated LVP flooring, private garden, and abundant off-street parking. Ideal for an owner-occupant seeking a convenient lifestyle in a very desirable, walkable neighborhood near highly-ranked schools, dining, retail, amenities, and easy freeway access, while offsetting mortgage payments with consistent rental income. Perfect multi-generational living opportunity, guest house, or in-law unit set up. Mountain views seen from the property. Savvy investors may capture significant rental upside by updating both units and increasing rents to market rates. Consider converting the garage into a third unit (ADU) to truly maximize rental income. Developers take note of the zoning (LCR3YY), which may allow additional units to be built. Both units are currently occupied by long-term tenants on month-to-month leases. Please DO NOT disturb the occupants. Properties with superior locations like this don't hit the market often. Hurry before this one slips away! Owner pays water. Tenants pay all other utilities and landscaping. Both units are separately metered for gas and electric, washer/dryer hookups in both units. Both units rented month to month for $2,480 per month each ($4,960/mo total) with no recent rent increases.
Last Agent to Sell the Property
eXp Realty of California, Inc. License #01998734 Listed on: 06/29/2024
Last Buyer's Agent
Ararat Megerdichian
Best Loans and Homes, Inc. License #02144249
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,764
Year Built
- Built in 1955
Lot Details
- 8,295 Sq Ft Lot
- Partially Fenced Property
- Level Lot
Home Design
- Composition Roof
- Stone Exterior Construction
Interior Spaces
- 1-Story Property
- Mountain Views
Utilities
- Cooling System Mounted To A Wall/Window
- Gravity Heating System
- Heating System Uses Natural Gas
- Septic System
Listing and Financial Details
- Tenant pays for trash, electricity, gardener, gas/propane
- Assessor Parcel Number 5807-021-014
Community Details
Overview
- 2 Buildings
- 2 Units
- N/K Community
Pet Policy
- No Pets Allowed
Building Details
- Net Operating Income $45,885
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2024
Closed on
Sep 6, 2024
Sold by
Zomorodi Family Living Trust and Zomorodi Brian
Bought by
Masihi Artin Tarverdi and Khachatorian Karin Aida
Seller's Agent
Ryan Zomorodi
eXp Realty of California, Inc.
Buyer's Agent
Ararat Megerdichian
Best Loans and Homes, Inc.
List Price
$1,290,000
Sold Price
$1,290,000
Views
30
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
$26,673
Avg. Annual Appreciation
2.53%
Original Mortgage
$1,096,500
Outstanding Balance
$1,089,434
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$227,239
Purchase Details
Closed on
Sep 28, 2011
Sold by
Zomorodi Brian and Azari Mona
Bought by
Zomorodid Brian and Azari Mona
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,043
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2011
Sold by
Vanderpool Dorothy W
Bought by
Zomorodi Brian and Azari Mona
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,043
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 18, 2003
Sold by
Vanderpool Dorothy W and Vanderpool Trust
Bought by
Vanderpool Dorothy W and Hess Raymond
Similar Homes in Montrose, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,290,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Advantage Title | |
| Grant Deed | $535,000 | Advantage Title Inc | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,096,500 | New Conventional | |
| Previous Owner | $401,043 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2024 09/26/24 | Sold | $1,290,000 | 0.0% | $704 / Sq Ft |
| 07/30/2024 07/30/24 | Pending | -- | -- | -- |
| 06/29/2024 06/29/24 | For Sale | $1,290,000 | -- | $704 / Sq Ft |
Source: San Diego MLS
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 |
|---|---|---|---|---|
| 2024 | $7,764 | $658,461 | $493,456 | $165,005 |
| 2023 | $7,595 | $645,551 | $483,781 | $161,770 |
| 2022 | $7,272 | $632,895 | $474,296 | $158,599 |
| 2021 | $7,144 | $620,487 | $464,997 | $155,490 |
| 2020 | $7,043 | $614,126 | $460,230 | $153,896 |
| 2019 | $6,875 | $602,085 | $451,206 | $150,879 |
| 2018 | $6,721 | $590,280 | $442,359 | $147,921 |
| 2016 | $6,408 | $567,361 | $425,183 | $142,178 |
| 2015 | $6,270 | $558,840 | $418,797 | $140,043 |
| 2014 | $6,226 | $547,894 | $410,594 | $137,300 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Zomorodi
Seller's Agent in 2024
Ryan Zomorodi
eXp Realty of California, Inc.
(858) 345-6669
1 in this area
3 Total Sales
-
A
Buyer's Agent in 2024
Ararat Megerdichian
Best Loans and Homes, Inc.
Map
Source: San Diego MLS
MLS Number: 240014849
APN: 5807-021-014
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