NOT LISTED FOR SALE

409 S Center St Orange, CA 92866

6 Beds
3 Baths
1,924 Sq Ft
6,098 Sq Ft Lot

Last Sold May 04, 2022

Last sale price $1,300,000 $676 Per Sq Ft

22 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Corner Lot
  • No HOA
  • Living Room

About This Home

As of May 2022

3 UNITS IN OLD TOWNE ORANGE! CLOSE TO THE PLAZA, THE PARK, AND FREEWAYS, THIS INVESTMENT PAYS OFF. THE PERFECT MIX OF 1-2-3 BEDROOMS 1 BATH UNITS ON A CORNER LOT WITH A NICE PRIVATE YARD. THE PRIVATE COURTYARD ALLOWS FOR BBQS AND FUN. THE LOWER LEVEL HAS A 3 BEDROOM 1 BATH. UPSTAIRS A 2 BEDROOM 1 BATH WITH A BALCONY. THE REAR SINGLE-STORY STUDIO HAS A CHARMING FRONT PORCH. FOR EXTRA MONEY, A SEPARATE LAUNDRY ROOM HAS A COIN-OPERATED WASHER AND DRYER. 1 DETACHED 2 CAR GARAGE OFF THE ALLEY AND A LARGE PARKING AREA KEEP THE CARS OFF THE STREET. THERE ARE 3 GAS METERS AND 3 ELECTRIC METERS, INDIVIDUAL HOT WATER HEATERS TO DEFRAY THE COSTS OF OPERATION. SIMPLE DESIGN MAKES THESE UNITS EASY TO MAINTAIN. RENTAL DEMAND IS HIGH IN THE OLD TOWN AREA AND THESE UNITS ARE SELDOM AVAILABLE.

Last Agent to Sell the Property

Albert Ricci

Ricci Realty License #01011606 Listed on: 03/03/2022

Co-Listed By

AJ Ricci

Ricci Realty License #01985308

Last Buyer's Agent

Baron Bershaw

Compass License #01954954

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Sprinklers on Timer
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Two Garage Doors

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,924 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / D
  • Tax Tract Number 288
  • Assessor Parcel Number 39041401
  • $505 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,300
  • Maintenance Expense $3,740
  • Pest Control $600
  • Trash Expense $480
  • Water Sewer Expense $920
  • New Taxes Expense $14,245
  • Operating Expense $23,570
  • Gross Income $69,420
  • Net Operating Income $43,765

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: FREE STANDING STOVES. COIN OP WASHER/DRYER.
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: OLD TOWNE
  • View: No
  • Water Sewer Expenses: 920.00
  • Well Report: No
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 39041401
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 675.68
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Two Door
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Sprinklers Timer, Walkstreet, Yard
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 600 Square Feet
  • Average3 Bed Area: 900 Square Feet
  • Average Studio Area: 420 Square Feet
  • Gross Income: 69420.00
  • Gross Operating Income: 67335.00
  • Gross Scheduled Income: 69420.00
  • Insurance Expense: 2300.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 3740.00
  • Net Operating Income: 43765.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 23570.00
  • Operating Expense Percent: 35.00
  • Other Income Description: ALL PRO FORMA RENT
  • Rent Control: No
  • Total Actual Rent: 3225.00
  • Total Expenses: 23570.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14245.00
  • Tax Block: D
  • Tax Census Tract: 759.02
  • Tax Lot: 12
  • Tax Tract: OLD TOWN
  • Tax Tract Number: 288
  • TaxOtherAnnualAssessmentAmount: 505.00
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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
05/04/2022 05/04/22 Sold $1,300,000 +0.4% $676 / Sq Ft
03/03/2022 03/03/22 For Sale $1,295,000 -- $673 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,847 $1,379,570 $1,273,450 $106,120
2024 $14,847 $1,352,520 $1,248,480 $104,040
2023 $14,523 $1,326,000 $1,224,000 $102,000
2022 $7,871 $696,684 $634,381 $62,303
2021 $7,653 $683,024 $621,942 $61,082
2020 $7,583 $676,021 $615,565 $60,456
2019 $7,489 $662,766 $603,495 $59,271
2018 $7,375 $649,771 $591,662 $58,109
2017 $6,469 $578,692 $526,561 $52,131
2016 $6,462 $578,692 $526,561 $52,131
2015 $6,368 $570,000 $518,652 $51,348
2014 $6,348 $570,000 $518,652 $51,348
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22042905

California Regional Multiple Listing Service (CRMLS)

APN: 390-414-01

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