David George
Compass
(657) 315-1617
80 Total Sales
1 in Pacific Park
$435,000 Price
502 E Pine St Santa Ana, CA 92701
Pacific Park NeighborhoodEstimated Value: $465,000 - $534,391
7
Beds
6
Baths
19,513
Sq Ft
$26/Sq Ft
Est. Value
Highlights
- 0.43 Acre Lot
- Laundry Facilities
- 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
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Property Details
Home Type
- Apartment
Year Built
- Built in 1982
Lot Details
- 18,731 Sq Ft Lot
- No Common Walls
- Level Lot
Interior Spaces
- 19,513 Sq Ft Home
- 2-Story Property
- Elevator
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2022
Closed on
Sep 27, 2022
Sold by
Bought by
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
-$5,712,402
Avg. Annual Appreciation
-47.53%
Original Mortgage
$204,165
Outstanding Balance
$189,215
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$313,383
Purchase Details
Closed on
Feb 26, 2003
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Aug 22, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pacific Park, CA
-
David George
-
Luis Anaya
Luis Anaya
Keller Williams Legacy
(949) 771-8980
45 Total Sales
2 in Pacific Park
$1,370,000 Price Range
-
Jennifer Thomas
Jennifer Thomas
Seven Gables Real Estate
(949) 468-3483
78 Total Sales
1 in Pacific Park
$625,000 Price
-
Andro Chavez
Andro Chavez
Re/Pro Realty
(657) 366-5303
119 Total Sales
4 in Pacific Park
$700K - $925K Price Range
-
Eduardo Franco
Eduardo Franco
ALTICORE REALTY
(951) 441-3688
123 Total Sales
1 in Pacific Park
$680,000 Price
-
Raquel Terrones
Raquel Terrones
Responds QuicklyRE/MAX One
(657) 208-9088
44 Total Sales
1 in Pacific Park
$900,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $6,215,000 | Fidelity National Title | ||
| -- | Lawyers Title Company | ||
| -- | Investors Title Company | ||
| $581,000 | Orange Coast Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $204,165 | ||
| Previous Owner | $2,300,000 | ||
| Previous Owner | $1,720,000 | ||
| Previous Owner | $1,200,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $4,420 | $366,446 | $265,164 | $101,282 |
| 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
Seller's Agent in 2022
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
5 in this area
171 Total Sales
-
Matthew Hoyt
Buyer's Agent in 2022
Matthew Hoyt
Hoyt Real Estate, Inc.
(949) 283-1696
3 in this area
44 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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