NOT LISTED FOR SALE

510 N Cambridge St Orange, CA 92867

2 Beds
1 Bath
1,290 Sq Ft
6,098 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $742,000 $575 Per Sq Ft

8 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Bonus Room
  • No HOA
  • Laundry Room

About This Home

As of April 2016

This is the one you've been waiting for! Beautiful duplex with TWO, 2 bed, 1 bath units located just on the north edge of Old Towne Orange. Built in 1948, this wonderful income property offers all the best in what the multi-family buyer is looking for... GREAT location, charming curb appeal, community laundry room with washer & dryer to stay, detached 2-car garage plus 3 driveway parking spaces, hardwood floors, rear yard and grass area, bonus room behind the garage that could be a separate office or ??? The units are separately metered for gas and electric, have updated 110 electrical service panel and some updated plumbing including new drains, angle stops and tile in bathrooms. Rarely do duplexes this sweet ever hit the market! Located close to Chapman University and the Old Towne Plaza area. Hurry on this one!

Last Agent to Sell the Property

Lisa Blanc

Seven Gables Real Estate License #01260813 Listed on: 03/01/2016

Seven Gables Real Estate

Last Buyer's Agent

Karen Johnson

North Hills Realty License #01461431

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Corner Lot
  • Sprinklers on Timer
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Ranch Style House
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,290 Sq Ft Home
  • Ceiling Fan
  • Bonus Room
  • Carbon Monoxide Detectors

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Tax Tract Number 621
  • Assessor Parcel Number 38623215

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $300
  • Water Sewer Expense $615
  • New Taxes Expense $7,700
  • Gross Income $4,000
  • Net Operating Income $38,785

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: All ranges/stoves, washer and dryer in laundry room
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 615.00
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 38623215
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 575.19
  • Room Type: Bonus Room

Exterior Features

  • Foundation: Raised
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Corner Lot, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 121.68
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 645
  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 38785.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 9215.00
  • Rent Control: No
  • Total Actual Rent: 2000.00

Tax Info

  • New Taxes Expense: 7700.00
  • Tax Lot: 18
  • Tax Tract Number: 621

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
04/15/2016 04/15/16 Sold $742,000 +6.0% $575 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $699,900 -- $543 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16043224

California Regional Multiple Listing Service (CRMLS)

APN: 386-232-15