NOT LISTED FOR SALE

463 N Olive St Orange, CA 92866

6 Beds
5 Baths
3,093 Sq Ft
6,534 Sq Ft Lot

Last Sold March 31, 2021

Last sale price $1,250,200 $404 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Bike Trail

About This Home

As of March 2021

LOCATION LOCATION Excellent opportunity to own investment property in Old Town Orange. One block west of Chapman College and near the Orange Circle. 4 unit income property, 2 buildings with shared driveway. All units have seperate electric and gas meters. All leases are month to month with rents well below market offering incredible upside potential for the new buyer. This property can be purchased seperately or together with 469 N Olive and 477 N Olive

Last Agent to Sell the Property

Amy Bailey

Drouin Realty License #02069138 Listed on: 02/11/2021

Co-Listed By

Wil Drouin

Drouin Realty License #00286332

Last Buyer's Agent

Valerie Van de Zilver

Y Realty License #00443671

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,093 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for all utilities, trash collection
  • Legal Lot and Block 20 / A
  • Tax Tract Number 169
  • Assessor Parcel Number 03914404

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,910
  • Insurance Expense $1,869
  • Pest Control $1,213
  • Water Sewer Expense $1,346
  • New Taxes Expense $13,187
  • Operating Expense $30,894
  • Gross Income $65,160
  • Net Operating Income $34,266

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Other Phone Description: Agent cell
  • Other Phone Number: 7143375941
  • Property Attached: Yes
  • Water Sewer Expenses: 1346.00
  • Property Type: Residential Income
  • Gardener Expense: 1910.00
  • Parcel Number: 03914404
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 404.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup
  • Pest Control Expense: 1213.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: All Utilities, Trash Collection

Multi Family

  • Gross Income: 65160.00
  • Gross Scheduled Income: 65160.00
  • Insurance Expense: 1869.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 34266.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 30894.00
  • Rent Control: Yes
  • Total Actual Rent: 65160.00
  • Total Expenses: 30894.00

Tax Info

  • New Taxes Expense: 13187.00
  • Tax Block: A
  • Tax Census Tract: 759.01
  • Tax Lot: 20
  • Tax Tract Number: 169

Range of Values:

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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 Change Sq Ft Price
03/31/2021 03/31/21 Sold $1,250,200 0.0% $404 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $1,250,000 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Amy Bailey

    Drouin Realty

    (714) 731-9200

    4 in this area

    18 Total Sales

    Amy Bailey
    Section Image
  • Wil Drouin

    Seller Co-Listing Agent in 2021

    Wil Drouin

    Drouin Realty

    (714) 731-9200

    4 in this area

    21 Total Sales

    Wil Drouin
    Section Image
  • Valerie Van de Zilver

    Buyer's Agent in 2021

    Valerie Van de Zilver

    Y Realty

    (714) 334-9156

    4 in this area

    25 Total Sales

    Valerie Van de Zilver
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21028857

California Regional Multiple Listing Service (CRMLS)

APN: 039-144-04

California Orange County Orange 92866

463 N Olive St, Orange, CA

This home is located at 463 N Olive St, Orange, CA 92866 since 11 February 2021. This property was built in 1968. 463 N Olive St 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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