NOT LISTED FOR SALE

520 N Batavia St Orange, CA 92868

Orange Area
11 Beds
10 Baths
4,286 Sq Ft
0.51 Acre Lot

Sale Details

Date Sold: August 16, 2012

Last sale price $1,240,000 $289 Per Sq Ft

21 Days on Market

Highlights

  • 0.51 Acre Lot
  • Wood Siding
  • No Heating

About This Home

As of August 2012

STANDARD SALE! The subject property consists of a detached 4-unit building and eight 1 bedroom / 1 bathroom units on one lot in a good rental location in Orange. Most of the units are individually metered for both gas and electricity. This investment opportunity has a measurable amount of upside in the current rents. Conveniently located close to Chapman University and the 57 Fwy.

Last Agent to Sell the Property

Bill Webster

SVN / Vanguard License #00885653 Listed on: 06/25/2012

SVN / Vanguard

Last Buyer's Agent

Nasser Bakhtiari

Country Hills Realty License #01895542

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.51

Parking

  • 1 Car Garage

Home Design

  • 4,286 Sq Ft Home
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • 22,081 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 4
  • Assessor Parcel Number 03901115

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $10,710
  • Net Operating Income $81,170

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.51 Acres

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.55
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 03901115
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 289.31

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 29.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 22081.00
  • Lot Size Acres: 0.5070

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 10710.00
  • Gross Multiplier: 9.47
  • Gross Scheduled Income: 130920.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 22081.0000 Square Feet
  • Net Operating Income: 81170.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 44513.00
  • Operating Expense Percent: 34.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 4

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 25, 2012
Closed on
Jul 19, 2012
Sold by
Bought by
Seller's Agent
Bill Webster
SVN / Vanguard
Buyer's Agent
Nasser Bakhtiari
Country Hills Realty
List Price
$1,240,000
Sold Price
$1,240,000

Purchase Details

Closed on
Sep 2, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 19, 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
$640,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,240,000 Fidelity National Title
-- None Available
$1,044,000 --
-- --
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
Previous Owner $640,000
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
08/16/2012 08/16/12 Sold $1,240,000 0.0% $289 / Sq Ft
07/16/2012 07/16/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $1,240,000 -- $289 / 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 $19,460 $1,557,503 $1,320,326 $237,177
2025 $19,460 $1,526,964 $1,294,437 $232,527
2024 $19,004 $1,497,024 $1,269,056 $227,968
2023 $18,555 $1,467,671 $1,244,172 $223,499
2022 $18,171 $1,438,894 $1,219,777 $219,117
2021 $17,698 $1,410,681 $1,195,860 $214,821
2020 $17,530 $1,396,217 $1,183,598 $212,619
2019 $17,336 $1,368,841 $1,160,391 $208,450
2018 $17,079 $1,342,001 $1,137,638 $204,363
2017 $16,428 $1,315,688 $1,115,332 $200,356
2016 $16,126 $1,289,891 $1,093,463 $196,428
2015 $15,889 $1,270,516 $1,077,038 $193,478
2014 $15,553 $1,245,629 $1,055,940 $189,689
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P826479

California Regional Multiple Listing Service (CRMLS)
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