NOT LISTED FOR SALE

4509 E Washington Ave Orange, CA 92869

Estimated Value: $790,427 - $1,064,000

3 Beds
2 Baths
2,100 Sq Ft
$421/Sq Ft Est. Value

Last Sold October 27, 2016

Last sale price $570,000 $271 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,230/month

14 Days on Market

Highlights

  • No HOA
  • Two Homes on a Lot
  • Living Room
  • El Modena High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of October 2016

This is a Two Units Property with two separate. Front unit: 1 bed and 1 bath with big yard and space for room add on or patio. Back
unit: 2 bed and 1 bath with enclosed patio. There is two car garage and long driveway. excellence Rental, Tenants paid all utilities. First Time Home Buyers are welcome. Walk to distance to shopping mall, supermarket and Orange Hills.

Last Agent to Sell the Property

Tiffany Nguyen

Advance Estate Realty License #01429636 Listed on: 08/11/2016

Last Buyer's Agent

Julio Arana Cortes

Realty One Group West License #01950166

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,396 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Composition Roof

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater

Additional Features

  • Rain Gutters
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, trash collection, water
  • Tax Lot 8
  • Tax Tract Number 525
  • Assessor Parcel Number 39341117

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • New Taxes Expense $7,000
  • Gross Income $3,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 39341117
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 271.43
  • Room Type: Living Room

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Garage - Single Door, Garage Faces Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7396.00
  • Price Per Lot Square Foot: 80.99

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 1400
  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 700.00
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 8
  • Tax Tract Number: 525

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2017
Sold by
Luna Andrew
Bought by
Luna Leovardo A and Luna Maria Julia
Current Estimated Value
$884,357

Purchase Details

Listed on
Aug 11, 2016
Closed on
Oct 25, 2016
Sold by
Green Lotus Group Llc
Bought by
Luna Leovardo A and Luna Maria Julia
Seller's Agent
Tiffany Nguyen
Advance Estate Realty
Buyer's Agent
Julio Arana Cortes
Realty One Group West
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$455,000
Outstanding Balance
$366,205
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$518,152

Purchase Details

Closed on
Mar 15, 2016
Sold by
Green Lotus Group Llc
Bought by
Green Lotus Group Llc

Purchase Details

Closed on
Sep 3, 2015
Sold by
Jc Financial Enterprise Inc
Bought by
Green Lotus Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 1, 2015
Sold by
Huynh Thi A
Bought by
Jc Financial Enterprise Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 2, 2014
Closed on
Jun 2, 2014
Sold by
Lopez Nicholas and Lopez Azalea
Bought by
Huynh Thi A
Seller's Agent
Jose Ixmay
Keller Williams Empire Estates
Buyer's Agent
Jose Ixmay
Keller Williams Empire Estates
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Jan 19, 2000
Sold by
Julia Lopez Nicholas
Bought by
Lopez Nicholas and Lopez Azalea

Purchase Details

Closed on
Jul 27, 1998
Sold by
Huu Nguyen Dong and Thi Tam
Bought by
Lopez Nicholas and Luna Leovardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,970
Interest Rate
6.42%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Luna Leovardo A -- None Available
Luna Leovardo A $570,000 Orange Coast Title Co Socal
Green Lotus Group Llc -- None Available
Green Lotus Group Llc -- None Available
Jc Financial Enterprise Inc $475,000 Orange Coast Title Co Socal
Huynh Thi A $390,000 Orange Coast Title
Lopez Nicholas -- --
Lopez Nicholas $165,000 Benefit Land Title Company
Lopez Nicholas -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luna Leovardo A $455,000
Previous Owner Jc Financial Enterprise Inc $356,250
Previous Owner Lopez Nicholas $134,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2016 10/27/16 Sold $570,000 -4.8% $271 / Sq Ft
08/11/2016 08/11/16 For Sale $599,000 +53.6% $285 / Sq Ft
07/23/2014 07/23/14 Sold $390,000 0.0% $305 / Sq Ft View Prior Sale
05/23/2014 05/23/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $390,000 0.0% $305 / Sq Ft
04/30/2014 04/30/14 Off Market $390,000 -- --
04/29/2014 04/29/14 For Sale $390,000 0.0% $305 / Sq Ft
03/05/2014 03/05/14 Off Market $390,000 -- --
12/19/2013 12/19/13 Price Changed $390,000 -33.3% $305 / Sq Ft
08/29/2013 08/29/13 For Sale $585,000 -- $457 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $7,324 $661,531 $608,301 $53,230
2024 $7,324 $648,560 $596,373 $52,187
2023 $7,159 $635,844 $584,680 $51,164
2022 $7,018 $623,377 $573,216 $50,161
2021 $6,823 $611,154 $561,976 $49,178
2020 $6,759 $604,888 $556,214 $48,674
2019 $6,674 $593,028 $545,308 $47,720
2018 $6,572 $581,400 $534,615 $46,785
2017 $6,301 $570,000 $524,132 $45,868
2016 $5,386 $475,000 $427,378 $47,622
2015 $4,502 $390,000 $342,378 $47,622
2014 $2,638 $211,005 $153,375 $57,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16177081

California Regional Multiple Listing Service (CRMLS)

APN: 393-411-17