Seller's Agent in 2022
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
5 in this area
155 Total Sales
502 E Pine St Santa Ana, CA 92701
Pacific Park NeighborhoodEstimated Value: $494,517 - $503,000
7
Beds
6
Baths
19,513
Sq Ft
$26/Sq Ft
Est. Value
Highlights
- 0.43 Acre Lot
- Laundry Room
- Level Lot
About This Home
As of September 2022502 East Pine Street is an 18-unit multifamily investment property located in Santa Ana, CA. Built in 1982, 502 East Pine Street offers a desirable unit mix consisting of 3, 2 bed/1.5 bath units, 10, 2 bed/1.5 bath townhomes, and 5, 3 bed/2 bath units. Amenities include controlled access, private patios or balconies, elevator service, a gated subterranean parking garage, and on-site laundry. 502 East Pine Street has an excellent central Santa Ana location, situated less than 0.50 miles from Downtown Santa Ana and the bustling 4th Street Market. The property is also located less than 1.75 miles from Santa Ana College, which has an annual enrollment of over 27,000 students and employs over 3,500 staff members, placing residents in close proximity to a major employment and housing driver. Furthermore, 502 East Pine Street is positioned just under 1 mile from Interstate 5, providing residents with easy access to employment hubs throughout Orange and Los Angeles Counties.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 06/14/2022
Property Details
Home Type
- Apartment
Year Built
- Built in 1982
Lot Details
- 0.43 Acre Lot
- No Common Walls
- Level Lot
Interior Spaces
- 19,513 Sq Ft Home
- 2-Story Property
- Elevator
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 10723
- Assessor Parcel Number 93531198
- $6,411 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 18 Units
Amenities
- Laundry Facilities
Building Details
- 18 Leased Units
- Rent Control
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $7,406
- Fuel Expense $7,406
- Insurance Expense $7,200
- Maintenance Expense $12,600
- Other Expense $31,611
- Professional Management Expense $15,443
- Trash Expense $7,406
- Water Sewer Expense $7,406
- New Taxes Expense $73,254
- Operating Expense $169,732
- Gross Income $397,900
- Net Operating Income $216,351
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2022
Closed on
Sep 27, 2022
Sold by
502 E Pine Lp
Bought by
Everythings Pine Llc
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Matthew Hoyt
Hoyt Real Estate, Inc.
List Price
$6,570,000
Sold Price
$6,215,000
Premium/Discount to List
-$355,000
-5.4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,714,621
Avg. Annual Appreciation
-54.05%
Original Mortgage
$204,165
Outstanding Balance
$192,718
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$307,661
Purchase Details
Closed on
Feb 26, 2003
Sold by
Saunders John R
Bought by
502 E Pine Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.79%
Purchase Details
Closed on
Oct 26, 1994
Sold by
Home Svgs Of America
Bought by
Saunders John R and John R Saunders Trust
Purchase Details
Closed on
Aug 22, 1994
Sold by
Home Svgs Of America
Bought by
Home Svgs Of America
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Everythings Pine Llc | $6,215,000 | Fidelity National Title | |
| 502 E Pine Lp | -- | Lawyers Title Company | |
| Saunders John R | -- | Investors Title Company | |
| Home Svgs Of America | $581,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Everythings Pine Llc | $204,165 | |
| Previous Owner | 502 E Pine Lp | $1,200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/27/2022 09/27/22 | Sold | $6,215,000 | -5.4% | $319 / Sq Ft |
| 06/21/2022 06/21/22 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | For Sale | $6,570,000 | -- | $337 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,304 | $359,261 | $259,964 | $99,297 |
| 2024 | $4,304 | $352,217 | $254,867 | $97,350 |
| 2023 | $4,198 | $345,311 | $249,869 | $95,442 |
| 2022 | $1,031 | $59,879 | $15,832 | $44,047 |
| 2021 | $1,011 | $58,705 | $15,521 | $43,184 |
| 2020 | $1,009 | $58,104 | $15,362 | $42,742 |
| 2019 | $995 | $56,965 | $15,061 | $41,904 |
| 2018 | $965 | $55,849 | $14,766 | $41,083 |
| 2017 | $956 | $54,754 | $14,476 | $40,278 |
| 2016 | $939 | $53,681 | $14,192 | $39,489 |
| 2015 | $926 | $52,875 | $13,979 | $38,896 |
| 2014 | $910 | $51,840 | $13,705 | $38,135 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Matthew Hoyt
Buyer's Agent in 2022
Matthew Hoyt
Hoyt Real Estate, Inc.
(949) 283-1696
5 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22128111
APN: 935-311-98
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.
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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