NOT LISTED FOR SALE

530 8th St Orange Cove, CA 93646

5 Beds
2 Baths
14,448 Sq Ft
0.53 Acres

Last Sold November 10, 2022

Last sale price $1,250,000 $87 Per Sq Ft

13 Days on Market

Highlights

  • Open Floorplan
  • Wood Frame Window
  • Resident Manager or Management On Site
  • No HOA
  • Living Room
  • 2-minute walk to J.O. Eaton Memorial Park

About This Home

As of November 2022

Investment opportunity 16 units Apartment Building split by 3 separate Buildings with three addresses two APN 1st Building is an 8 Plex all units 2 bed 1 bath with carport for each unit and 4 visitor spaces, 2nd and 3rd Building 4 units each 3bedroom 1 bath, Carports for the units and visitor parking all w/indoor washer and dryer hookups. All have a/c heater units, some are newer units. All units are in fair conditions, tenants pay for all utilities, trash, water & sewer. Units to be sold together.

Last Agent to Sell the Property

Hector Sicairos

Century 21 Jordan-Link & Company License #01960109 Listed on: 10/14/2022

Century 21 Jordan-Link & Company

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.53 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Fence is in fair condition
  • Front and Back Yard Sprinklers
  • Manual Sprinklers System
  • Density is 16-20 Units/Acre
  • 37518110

Home Design

  • Property Attached
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 14,448 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wood Frame Window
  • Living Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Parking

  • 8 Open Parking Spaces
  • 24 Parking Spaces
  • 16 Detached Carport Spaces
  • Parking Available

Eco-Friendly Details

  • Solar Water Heater
  • Solar Heating System

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, insurance, sewer, trash collection, water
  • Legal Lot and Block 25 / 57
  • Assessor Parcel Number 37518109
  • $400,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 16 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 13 Separate Water Meters
  • Insurance Expense $10,200
  • Other Expense $13,500
  • Professional Management Expense $8,400
  • Operating Expense $18,600
  • Net Operating Income $117,800

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Price Per Unit: 84375
  • Professional Management Expense: 8400.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Resident Manager
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 37518109
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 86.52
  • Room Type: All Bedrooms Up, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Concrete Perimeter
  • Fence: Yes
  • Fencing: Chain Link, Fair Condition, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 16.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Solar Hot Water
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Solar
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 37518110
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Lot 20000-39999 Sqft, Sprinklers In Front, Sprinklers In Rear, Sprinklers Manual
  • Lot Size Sq Ft: 23250.00
  • Lot Size Acres: 0.5337

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Insurance, Sewer, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 864 Square Feet
  • Gross Scheduled Income: 124800.00
  • Insurance Expense: 10200.00
  • Lot Size Area: 23250.0000 Square Feet
  • Net Operating Income: 117800.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 13
  • Number Of Units Total: 16
  • Operating Expense: 7000.00
  • Other Expense: 13500.00
  • Other Expense Description: Taxes
  • Rent Control: No
  • Total Actual Rent: 9700.00
  • Total Expenses: 18600.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 57
  • Tax Census Tract: 65.02
  • Tax Lot: 25
  • TaxOtherAnnualAssessmentAmount: 400000.00

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
11/10/2022 11/10/22 Sold $1,250,000 -7.4% $87 / Sq Ft
10/27/2022 10/27/22 Pending -- -- --
10/14/2022 10/14/22 For Sale $1,350,000 -- $93 / 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: FR22220102

California Regional Multiple Listing Service (CRMLS)