NOT LISTED FOR SALE

469 N Olive St Orange, CA 92866

8 Beds
4 Baths
3,185 Sq Ft
6,534 Sq Ft Lot

Last Sold April 16, 2021

Last sale price $1,280,000 $402 Per Sq Ft

37 Days on Market

Highlights

  • Laundry Room
  • 4 Car Garage
  • Bike Trail

About This Home

As of April 2021

Back on the market! Location Location! Excellent opportunity to own investment property in Old Town Orange. This fourplex is one block west of Chapman College and near the Orange Circle. All units are 2 bedroom 1 bath with washer dryer hook ups inside and seperate electric and gas meters. Each unit has it's own garage (garage doors newly installed). All leases are month to month with rents well below market, offering an incredible upside potential for buyer. This property can be purchased seperately or together with 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

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,185 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, sewer, trash collection
  • Legal Lot and Block 21 / A
  • Tax Tract Number 169
  • Assessor Parcel Number 03914403

Community Details

Overview

  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $970
  • Insurance Expense $2,014
  • Pest Control $540
  • New Taxes Expense $13,346
  • Operating Expense $22,867
  • Gross Income $60,660
  • Net Operating Income $37,793

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Agent cell
  • Other Phone Number: 714-337-5941
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 970.00
  • Parcel Number: 03914403
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 401.88

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Inside
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

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

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Gross Income: 60660.00
  • Gross Scheduled Income: 60660.00
  • Insurance Expense: 2014.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 37793.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22867.00
  • Rent Control: Yes
  • Total Expenses: 22867.00

Tax Info

  • New Taxes Expense: 13346.00
  • Tax Block: A
  • Tax Census Tract: 759.01
  • Tax Lot: 21
  • 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
04/16/2021 04/16/21 Sold $1,280,000 0.0% $402 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/19/2021 03/19/21 Off Market $1,280,000 -- --
03/15/2021 03/15/21 For Sale $1,275,000 -0.4% $400 / Sq Ft
02/18/2021 02/18/21 Off Market $1,280,000 -- --
02/18/2021 02/18/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $1,265,000 -- $397 / 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

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    23 in this area

    5,824 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21029159

California Regional Multiple Listing Service (CRMLS)

APN: 039-144-03

California Orange County Orange 92866

469 N Olive St, Orange, CA

This home is located at 469 N Olive St, Orange, CA 92866 since 11 February 2021. This property was built in 1961. 469 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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