NOT LISTED FOR SALE

455 N Cypress St Unit A/B Orange, CA 92866

5 Beds
5 Baths
2,602 Sq Ft
6,600 Sq Ft Lot

Last Sold September 22, 2017

Last sale price $1,200,000 $461 Per Sq Ft

76 Days on Market

Highlights

  • Newly Remodeled
  • Property is near public transit
  • Double Pane Windows
  • Craftsman Architecture
  • No HOA
  • Laundry Room

About This Home

As of September 2017

Newly completed one story duplex in the heart of Old Towne Orange. Bright and spacious interior with stacked washer/dryer in each unit and attached two door garage with one parking space per unit. Both units have modern kitchens with updated appliances. Unit A is a 3 bed/3 bath (1,230 sq ft) with enclosed private patio and unit B is a 2 bed/2 bath (966 sq ft). Walking distance to Chapman University, local shops and restaurants, and convenient access to freeways and public transportation.

Last Agent to Sell the Property

David Arnold

David Arnold, Broker License #01242278 Listed on: 06/06/2017

Last Buyer's Agent

Beth burger

Seven Gables Real Estate License #01869927

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132
  • No Common Walls
  • Wood Fence
  • Block Wall Fence

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Shared Driveway

Home Design

  • Duplex
  • Craftsman Architecture
  • Asphalt Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,602 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Doors
  • Concrete Flooring
  • Alarm System

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 18 / A
  • Tax Tract Number 289
  • Assessor Parcel Number 03914206

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $420
  • Water Sewer Expense $420
  • New Taxes Expense $9,647
  • Operating Expense $12,887
  • Gross Income $75,900
  • Net Operating Income $61,116

Property Details

Home Type

Multi-Family

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Other Phone Description: 7148149500
  • Other Phone Number: 7148388612
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Wired for Alarm System
  • Water Sewer Expenses: 420.00
  • Architectural Style: Craftsman
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 03914206
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Concrete
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Levels: One
  • Price Per Square Foot: 461.18
  • Room Type: All Bedrooms Down, Kitchen, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Shared Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
  • Heating Type: Central
  • Laundry Features: Stackable
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size: 50x132
  • Lot Size Sq Ft: 6600.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 75900.00
  • Gross Multiplier: 17.11
  • Gross Scheduled Income: 75900.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 61116.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 12887.00
  • Rent Control: No
  • Total Actual Rent: 6325.00
  • Total Expenses: 12887.00
  • Vacancy Allowance Rate: 2.50

Tax Info

  • New Taxes Expense: 9647.00
  • Tax Block: A
  • Tax Census Tract: 759.01
  • Tax Lot: 18
  • Tax Tract Number: 289

Range of Values:

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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 Change Sq Ft Price
09/22/2017 09/22/17 Sold $1,200,000 -4.0% $461 / Sq Ft
09/12/2017 09/12/17 For Sale $1,249,999 0.0% $480 / Sq Ft
08/21/2017 08/21/17 Pending -- -- --
08/15/2017 08/15/17 Price Changed $1,249,999 -3.8% $480 / Sq Ft
06/06/2017 06/06/17 For Sale $1,299,000 -- $499 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Arnold

    Seller's Agent in 2017

    David Arnold

    David Arnold, Broker

    (714) 814-9500

    David Arnold
    Section Image

  • B

    Buyer's Agent in 2017

    Beth burger

    Seven Gables Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG17127112

California Regional Multiple Listing Service (CRMLS)

California Orange County Orange 92866

455 N Cypress St Unit A/B, Orange, CA

This home is located at 455 N Cypress St Unit A/B, Orange, CA 92866 since 06 June 2017. This property was built in 2017. 455 N Cypress St Unit A/B is a home located in Orange County with nearby schools including Cambridge Elementary School, Portola Middle School, and Orange High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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