Tracy Heffelman
Coldwell Banker Realty
(657) 325-8546
32 Total Sales
1 in Orange
$1,100,000 Price
451 N Lemon St Orange, CA 92866
Orange Area
14
Beds
9
Baths
6,804
Sq Ft
0.45
Acre Lot
Highlights
- No Units Above
- Property is near public transit
- Lawn
- 0.45 Acre Lot
- Traditional Architecture
- No HOA
About This Home
As of April 2022We are pleased to present this single-story 8 Unit Project-Based HUD apartment complex in the prime real estate location of Old Towne Orange. This property is located less than 2 blocks from Chapman University, and just 4 1/2 blocks from the Old Towne Circle. The complex boasts One (1) 3 Bed / 2 Bath, Four (4) 2 Bed / 1 Bath Units, and Three (3) 1 Bed / 1 Bath Units. There are a total of 11 parking spaces on-site, with 3 shared and each unit has a dedicated space, in addition, the entire roof was replaced in 2021. The units are on 19,626 Square Feet of land and have 6,804 Livable Square Feet. This is an opportunity you won't want to miss.
Last Agent to Sell the Property
First Team Real Estate License #02011152 Listed on: 11/01/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 19,626 Sq Ft Lot
- No Units Above
- End Unit
- No Units Located Below
- Two or More Common Walls
- Masonry wall
- Wrought Iron Fence
- Wood Fence
- Landscaped
- Rectangular Lot
- Level Lot
- Lawn
- Density is 6-10 Units/Acre
Home Design
- Traditional Architecture
- Property Attached
- Entry on the 1st floor
- Slab Foundation
- Fire Rated Drywall
- Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 6,804 Sq Ft Home
- 1-Story Property
- Double Pane Windows
Kitchen
- Gas Range
- Range Hood
- Disposal
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 14 Bedrooms
- 9 Bathrooms
Laundry
- Laundry in Kitchen
- Washer and Gas Dryer Hookup
Parking
- 4 Open Parking Spaces
- 11 Parking Spaces
- 7 Carport Spaces
- Parking Available
- Driveway
- Guest Parking
- Assigned Parking
Outdoor Features
- Exterior Lighting
- Shed
- Rain Gutters
Location
- Property is near public transit
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, telephone
- Tax Lot 18
- Tax Tract Number 169
- Assessor Parcel Number 03914329
- $1,970 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 8 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 7 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $12,492
- Professional Management Expense $9,747
- Trash Expense $1,452
- Water Sewer Expense $3,300
- Operating Expense $34,152
- Gross Income $108,516
- Net Operating Income $67,008
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2021
Closed on
Apr 4, 2022
Sold by
Bought by
Seller's Agent
Daniel Gray
First Team Real Estate
Buyer's Agent
Larry Sangiorgio
First Team Real Estate
List Price
$1,900,000
Sold Price
$2,100,000
Premium/Discount to List
$200,000
10.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Outstanding Balance
$1,281,224
Interest Rate
3.14%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange, CA
-
Tracy Heffelman
-
Larry Krogh
Larry Krogh
LIV Sotheby's International Realty
(805) 586-9558
131 Total Sales
1 in Orange
$1,100,000 Price
-
Rick Olson
Rick Olson
J&R Real Estate
(657) 500-0770
86 Total Sales
2 in Orange
$155,000 Price Range
-
Giulietta Wilson
Giulietta Wilson
Pacific Sotheby's Int'l Realty
(949) 997-1260
97 Total Sales
1 in Orange
$1,250,000 Price
-
Jennifer Thomas
Jennifer Thomas
Responds QuicklySeven Gables Real Estate
(949) 468-3483
79 Total Sales
1 in Orange
$665,000 Price
-
Angela Xiao
Angela Xiao
Keller Williams Realty
(626) 254-6200
53 Total Sales
2 in Orange
$750K - $890K Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,100,000 | Western Resources |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,680,000 |
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 |
|---|---|---|---|---|
| 04/07/2022 04/07/22 | Sold | $2,100,000 | +10.5% | $309 / Sq Ft |
| 11/10/2021 11/10/21 | Pending | -- | -- | -- |
| 11/01/2021 11/01/21 | For Sale | $1,900,000 | -- | $279 / 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 |
|---|---|---|---|---|
| 2026 | $2,205 | $2,271,482 | $1,996,892 | $274,590 |
| 2025 | $2,205 | $2,226,944 | $1,957,738 | $269,206 |
| 2024 | $2,131 | $2,183,279 | $1,919,351 | $263,928 |
| 2023 | $24,650 | $2,140,470 | $1,881,717 | $258,753 |
| 2022 | $2,221 | $214,775 | $76,661 | $138,114 |
| 2021 | $1,970 | $210,564 | $75,158 | $135,406 |
| 2020 | $1,947 | $208,405 | $74,387 | $134,018 |
| 2019 | $1,947 | $204,319 | $72,928 | $131,391 |
| 2018 | $1,924 | $200,313 | $71,498 | $128,815 |
| 2017 | $1,898 | $196,386 | $70,096 | $126,290 |
| 2016 | $2,075 | $192,536 | $68,722 | $123,814 |
| 2015 | $1,845 | $189,644 | $67,689 | $121,955 |
| 2014 | $3,727 | $185,930 | $66,363 | $119,567 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Gray
Seller's Agent in 2022
Daniel Gray
First Team Real Estate
(714) 408-4053
24 Total Sales
-
Larry Sangiorgio
Buyer's Agent in 2022
Larry Sangiorgio
First Team Real Estate
(714) 595-9200
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21234242
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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