NOT LISTED FOR SALE

416 W Palmyra Ave Orange, CA 92866

8 Beds
7 Baths
4,315 Sq Ft
1969 Built

Last Sold September 19, 2018

Last sale price $1,400,000 $324 Per Sq Ft

33 Days on Market

Highlights

  • Spanish Architecture
  • Neighborhood Views
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2018

Rarely on the Market, Great Location!
This excellent 4-plex is located in a very desirable neighborhood near Old Towne Orange very close to Chapman College.
Great unit mix.
Large Private Backyards/Patios
Includes a large owners storage area.
Each garage has built in storage.

Last Agent to Sell the Property

Tim Gorman

Gorman & Associates License #01929799 Listed on: 07/27/2018

Last Buyer's Agent

Ezra Silva

Real Broker License #01336870

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 10,811 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Spanish Tile Roof

Interior Spaces

  • 4,315 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 6841
  • Assessor Parcel Number 39064102

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $29,594
  • Operating Expense $29,594
  • Gross Income $73,986
  • Net Operating Income $44,392

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.30
  • Property Attached: Yes
  • View: Yes
  • Zoning: R3
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 39064102
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 324.45

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Spanish Tile

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10811.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 73986.00
  • Gross Multiplier: 17.40
  • Gross Operating Income: 73986.00
  • Gross Scheduled Income: 6390.00
  • Laundry Income: 100.00
  • Net Operating Income: 44392.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 29594.00
  • Operating Expense Percent: 40.00
  • Other Expense: 29594.00
  • Other Expense Description: 40%
  • Rent Control: No
  • Total Actual Rent: 6390.00
  • Total Expenses: 29594.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 759.02
  • Tax Lot: 2
  • Tax Tract Number: 6841

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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List Price
Sold Price
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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
09/19/2018 09/19/18 Sold $1,400,000 +3.3% $324 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $1,355,000 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Gorman

    Seller's Agent in 2018

    Tim Gorman

    Gorman & Associates

    (714) 255-9998

    2 in this area

    10 Total Sales

    Tim Gorman
    Section Image
  • Ezra Silva

    Buyer's Agent in 2018

    Ezra Silva

    Real Broker

    (949) 697-4512

    1 in this area

    33 Total Sales

    Ezra Silva
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18181372

California Regional Multiple Listing Service (CRMLS)

APN: 390-641-02

California Orange County Orange 92866

416 W Palmyra Ave, Orange, CA

Not Listed for Sale

MultiFamily

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