NOT LISTED FOR SALE

406 E Glendale Dr Orange, CA 92865

6 Beds
4 Baths
2,162 Sq Ft
9,148 Sq Ft Lot

Last Sold April 06, 2021

Last sale price $1,020,000 $472 Per Sq Ft

9 Days on Market

Highlights

  • Double Pane Windows
  • Laundry Room
  • Central Heating and Cooling System
  • Fletcher Mandarin Language & Gate Academy Rated A-
  • Tile Flooring
  • 5-minute walk to Shaffer Park

About This Home

As of April 2021

The Glendale Drive duplex apartments present a great opportunity to purchase a single story duplex in a rarely available, predominately single family neighborhood located in north east Orange. Both apartments are turnkey 3 bedroom 2 bathroom units with private, enclosed front/back yards and are currently not occupied by tenants. This makes the duplex ideal for either an owner occupant looking to move in and have a tenant of their choice pay a significant portion of the mortgage or for an investor looking to start with a clean slate with the ability to rent both units at market rates without having to assume the cost of renovations. Upgrades to both units include the following: vinyl wood plank flooring, tile floors in the bathrooms, modern stone countertops in kitchens and bathrooms, new shower enclosures, and newer appliances. Apartment amenities include: enclosed front and back yards, central AC and heat, laundry hookups, fireplace in the living room, and garage parking. The Glendale Drive duplex is truly a unique and rare property in a great neighborhood in Orange.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 01/13/2021

Last Buyer's Agent

Michael Arp

Morgan Skenderian License #01488586 Listed on: 01/13/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Sprinkler System

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,162 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room with Fireplace

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 7696
  • Assessor Parcel Number 37442228

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $823
  • Fuel Expense $1,000
  • Gardener Expense $1,300
  • Insurance Expense $738
  • Maintenance Expense $3,085
  • New Taxes Expense $10,468
  • Operating Expense $18,495
  • Gross Income $63,600
  • Net Operating Income $43,197

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Property Type: Residential Income
  • Gardener Expense: 1300.00
  • Parcel Number: 37442228
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 471.79
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Sprinkler System
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100
  • Latitude Manual: 33.81628500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average3 Bed Area: 1081 Square Feet
  • Electric Expense: 823.00
  • Fuel Expense: 1000.00
  • Gross Income: 63600.00
  • Gross Operating Income: 61692.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 738.00
  • Lot Size Area: 9148.0000 Square Feet
  • Maintenance Expense: 3085.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 43197.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 18495.00
  • Operating Expense Percent: 29.10
  • Rent Control: Yes
  • Total Expenses: 18495.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10468.00
  • Tax Census Tract: 762.08
  • Tax Lot: 4
  • Tax Tract Number: 7696

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/06/2021 04/06/21 Sold $1,020,000 +2.1% $472 / Sq Ft
01/13/2021 01/13/21 For Sale $999,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Arp

    Seller's Agent in 2021

    Michael Arp

    Morgan Skenderian

    (714) 262-8992

    8 in this area

    43 Total Sales

    Michael Arp
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21006713

California Regional Multiple Listing Service (CRMLS)

APN: 374-422-28

California Orange County Orange 92865

406 E Glendale Dr, Orange, CA

Not Listed for Sale

MultiFamily

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