NOT LISTED FOR SALE

500 E 15th St Santa Ana, CA 92701

French Court Neighborhood
3 Beds
4 Baths
1,826 Sq Ft
7,405 Sq Ft Lot

Last Sold March 12, 2021

Last sale price $930,000 $509 Per Sq Ft

47 Days on Market

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • Property is near a park
  • Gated Community
  • Open Floorplan
  • High Ceiling

About This Home

As of March 2021

3 Charming units on this unique property. The front duplex, built in 1960, has been renovated and updated, and each of the units has one bed/one bath. The back, single-family detached residence, is completely renovated with permitted improvements. Each has one bedroom and 1.5 baths with a spacious fenced private patio and a 2-car garage. A new long driveway with plenty of space for recreational use, leads to a 2 car garage for the back house, while each of the duplex residences has a carport. Onsite laundry on the property. Easy access to freeways and employers in the area. Walking distance to schools, and shopping makes this is an attractive area to live. The property has long term tenants paying market rent, but still has exceptional upside potential. This is an excellent opportunity to own a solid performing property for years to come.

Last Agent to Sell the Property

Shelly Hilliard

Coldwell Banker Realty License #01968101 Listed on: 12/24/2020

Coldwell Banker Realty

Last Buyer's Agent

Mahtab Kamoosi

Keller Williams OC Coastal Realty License #01918829

Keller Williams OC Coastal Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 3 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Triplex
  • Bungalow
  • Turnkey
  • Combination Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,826 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Double Pane Windows
  • Window Screens
  • Living Room

Kitchen

  • Gas Range
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Tankless Water Heater

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 9 / c
  • Tax Tract Number 276
  • Assessor Parcel Number 39814216

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,656
  • Trash Expense $1,000
  • Water Sewer Expense $658
  • New Taxes Expense $8,650
  • Operating Expense $12,563
  • Gross Income $57,760
  • Net Operating Income $45,398

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Other Phone Description: 714-580-4500
  • Other Phone Number: 714-580-4500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: French Park Historic District
  • View: Yes
  • Water Sewer Expenses: 657.51
  • Architectural Style: Bungalow
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 39814216
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, High Ceilings, Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: One
  • Price Per Square Foot: 509.31
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Combination, Slab
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Detached Carport
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, High Efficiency Water Heater, Refrigerator, Tankless Water Heater
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Park Nearby, Paved, Walkstreet
  • Lot Size: 7405
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700
  • Latitude Manual: 33.75796400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 18.82
  • Gross Operating Income: 57760.00
  • Gross Scheduled Income: 59769.00
  • Insurance Expense: 1656.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 45398.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12362.00
  • Rent Control: No
  • Total Expenses: 12563.00
  • Vacancy Allowance: 2000

Tax Info

  • New Taxes Expense: 8650.00
  • Tax Block: c
  • Tax Lot: 9
  • Tax Tract Number: 276

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
03/12/2021 03/12/21 Sold $930,000 -7.0% $509 / Sq Ft
02/05/2021 02/05/21 Price Changed $999,988 -9.0% $548 / Sq Ft
01/19/2021 01/19/21 Price Changed $1,099,000 +779.2% $602 / Sq Ft
12/24/2020 12/24/20 For Sale $125,000 0.0% $68 / Sq Ft
08/23/2020 08/23/20 Rented $2,000 0.0% --
08/08/2020 08/08/20 Under Contract -- -- --
07/31/2020 07/31/20 Price Changed $2,000 -9.1% $3 / Sq Ft
07/11/2020 07/11/20 For Rent $2,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shelly Hilliard

    Seller's Agent in 2021

    Shelly Hilliard

    Coldwell Banker Realty

    (714) 580-4500

    1 in this area

    63 Total Sales

    Shelly Hilliard
    Section Image
  • Mahtab Kamoosi

    Buyer's Agent in 2021

    Mahtab Kamoosi

    Keller Williams OC Coastal Realty

    (949) 246-7787

    1 in this area

    40 Total Sales

    Mahtab Kamoosi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20262380

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92701 French Court

500 E 15th St, Santa Ana, CA

This home is located at 500 E 15th St, Santa Ana, CA 92701 since 24 December 2020. This property was built in 1960. 500 E 15th St is a home located in Orange County with nearby schools including Wallace R. Davis Elementary School, Sierra Preparatory Academy, and Santa Ana 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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