NOT LISTED FOR SALE

416 W Palmyra Ave Orange, CA 92866

8 Beds
7 Baths
4,315 Sq Ft
10,811 Sq Ft Lot

Sale Details

Date Sold: September 19, 2018

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

33 Days on Market

Highlights

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

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 in unit

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

10,811 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,264 $1,561,724 $1,368,675 $193,049
2024 $17,264 $1,531,102 $1,341,838 $189,264
2023 $16,881 $1,501,081 $1,315,528 $185,553
2022 $16,553 $1,471,649 $1,289,734 $181,915
2021 $16,093 $1,442,794 $1,264,445 $178,349
2020 $15,945 $1,428,000 $1,251,479 $176,521
2019 $15,746 $1,400,000 $1,226,940 $173,060
2018 $6,903 $560,171 $298,765 $261,406
2017 $6,634 $549,188 $292,907 $256,281
2016 $6,511 $538,420 $287,164 $251,256
2015 $6,415 $530,333 $282,851 $247,482
2014 $6,279 $519,945 $277,310 $242,635
Source: Public Records

Agents Affiliated with this Home

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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

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