NOT LISTED FOR SALE

496 S Pine St Orange, CA 92866

5 Beds
4 Baths
1,973 Sq Ft
7,841 Sq Ft Lot

Last Sold December 14, 2016

Last sale price $735,000 $373 Per Sq Ft

6 Days on Market

Highlights

  • Lawn
  • Central Heating and Cooling System
  • Carpet
  • Laundry Room
  • Wood Fence

About This Home

As of December 2016

An attractive income property near the Old Town District in downtown Orange. An easy walk to Hart Park. This unique duplex features a 3 bedroom, 2 bath unit (#482) in the front with a 2 bedroom, 2 bath unit (#484) in the back separated by a three car garage (2 car for the front unit, 1 car for the back).

The 496 unit is on the corner of S. Pine and La Veta. The 498 unit faces La Veta. Each unit feels like it is a detached unit because the only common wall is the garage. Each unit also has its own backyard. A great buy for someone looking to occupy one unit and rent out the other to generate rental income. Or rent out both units for maximum rental income. Rents could be adjusted to market rates.

All units are occupied so PLEASE DO NOT DISTURB THE TENANTS. This property is presented in AS IS condition.

Last Agent to Sell the Property

Craig Holland

Spectrum Real Estate Group License #01937556 Listed on: 10/28/2016

Last Buyer's Agent

Shawn Shahbazi

Keller Williams Realty License #00962903

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Lawn

Parking

  • 3 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,973 Sq Ft Home
  • Family Room with Fireplace
  • Carpet

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 7047
  • Assessor Parcel Number 39013128

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,188
  • New Taxes Expense $7,300
  • Gross Income $41,700
  • Net Operating Income $43,112

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 39013128
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 372.53

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7841.00

Multi Family

  • Gross Income: 41700.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1188.00
  • Net Operating Income: 43112.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8488.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7300.00
  • Tax Area: 08-001
  • Tax Census Tract: 759.02
  • Tax Lot: 1
  • Tax Rate: 1.00
  • Tax Tract Number: 7047
  • Tax Year: 2016

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2016 12/14/16 Sold $735,000 0.0% $373 / Sq Ft
10/28/2016 10/28/16 For Sale $734,999 -- $373 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Craig Holland

    Spectrum Real Estate Group

  • Shawn Shahbazi

    Buyer's Agent in 2016

    Shawn Shahbazi

    Keller Williams Realty

    (714) 227-2101

    2 in this area

    85 Total Sales

    Shawn Shahbazi
    Section Image

  • S

    Buyer's Agent in 2016

    Shahin Shahreza

    Keller Williams Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16736157

California Regional Multiple Listing Service (CRMLS)

APN: 390-131-28

California Orange County Orange 92866

496 S Pine St, Orange, CA

Not Listed for Sale

MultiFamily

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