NOT LISTED FOR SALE

533 S Glassell St Unit A,B,C Orange, CA 92866

Orange Area
7 Beds
7 Baths
2,833 Sq Ft
5,750 Sq Ft Lot

Sale Details

Date Sold: October 2, 2019

Last sale price $1,185,000 $418 Per Sq Ft

10 Days on Market

Highlights

  • No Units Above
  • Property is near park and public transit
  • No HOA
  • Cape Cod Architecture
  • Private Yard
  • Balcony

About This Home

As of October 2019

One of the Best Triplexes to come on the Market in Old Towne Orange! Townhome-Style Units, each has a 2 Car Attached Garage with Direct Access, Automatic Garage Door Opener, and Sectional Roll Up Door! Central Air Conditioning and Heating! Built-in Dishwashers and Ranges. Washer and Dryer Hook-ups in the Garages - NO Community Laundry here. The Triplex has Two 2 Bedroom, 2 Bath Apartments (A & B) and One 3 Bedroom, 2.5 Bath Apartment (C) with a fireplace, backyard and 2 balconies. The property is comprised of two buildings with a breezeway between connected overhead by a deck that is divided between Apt B and Apt C. Termite Repairs and Fumigation of the buildings were completed on July 11, 2019. Painting of the entire Exterior was completed on July 31, 2019. New Hot Water Heater in Apt A and New Toilet in Apt C installed in February 2019. The perimeter of the property has wood and concrete block fencing with Vinyl Gates. Composition Gable Roof and Dormers enhance the Curb Appeal of this exceptional property.

Last Agent to Sell the Property

William & Kathleen Kiang

Regency Real Estate Brokers License #00555961 Listed on: 08/23/2019

Co-Listed By

Eric Kiang

Regency Real Estate Brokers License #01792445

Last Buyer's Agent

Gregg Horvath

R L M Equities License #01007015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,750 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Fence is in average condition
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Triplex
  • Cape Cod Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,833 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Built-In Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony

Location

  • Property is near park and public transit
  • Urban Location

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 4 / 1
  • Tax Tract Number 522
  • Assessor Parcel Number 39010113

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $228
  • Gardener Expense $1,200
  • Insurance Expense $1,868
  • Maintenance Expense $6,900
  • Trash Expense $490
  • Water Sewer Expense $1,224
  • New Taxes Expense $10,664
  • Operating Expense $22,573
  • Gross Income $69,000
  • Net Operating Income $45,047

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

5,750 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1224.10
  • Architectural Style: Cape Cod
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 39010113
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 418.28
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Water Heater
  • Heating Type: Central, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 489.60
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Level, Near Public Transit, Park Nearby, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 5750.00
  • Lot Size Acres: 0.1320

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 773 Square Feet
  • Average3 Bed Area: 1283 Square Feet
  • Electric Expense: 227.82
  • Gross Income: 69000.00
  • Gross Operating Income: 67620.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 1867.50
  • Lot Size Area: 5750.0000 Square Feet
  • Maintenance Expense: 6900.00
  • Maintenance Percent: 10.00
  • Net Operating Income: 45047.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Operating Expense: 22573.00
  • Rent Control: No
  • Total Actual Rent: 5750.00
  • Total Expenses: 22573.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 10664.00
  • Tax Area: 08-001
  • Tax Block: 1
  • Tax Census Tract: 759.02
  • Tax Lot: 4
  • Tax Tract Number: 522
  • Tax Year: 2019

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
Aug 23, 2019
Closed on
Sep 9, 2019
Sold by
Karasek Daisy Teng
Bought by
Seller's Agent
William & Kathleen Kiang
Regency Real Estate Brokers
Buyer's Agent
Gregg Horvath
R L M Equities
List Price
$969,000
Sold Price
$1,185,000
Premium/Discount to List
$216,000
22.29%

Purchase Details

Closed on
Aug 21, 2008
Sold by
Karasek Daisy T
Bought by
Karasek Daisy Teng and Daisy Teng Karasek Trust

Purchase Details

Closed on
Apr 5, 1996
Sold by
Slaven Walter E and Slaven Dolores F
Bought by
Karasek Edward W and Karasek Daisy T
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
$1,185,000 Orange Coast Ttl Co Of Socal
Karasek Daisy Teng -- None Available
Karasek Edward W $285,000 North American Title Co
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 $205,000
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
10/02/2019 10/02/19 Sold $1,185,000 +22.3% $418 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
09/02/2019 09/02/19 For Sale $969,000 -18.2% $342 / Sq Ft
09/01/2019 09/01/19 Off Market $1,185,000 -- --
08/23/2019 08/23/19 For Sale $969,000 -- $342 / 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 $14,566 $1,321,887 $987,233 $334,654
2025 $14,566 $1,295,968 $967,875 $328,093
2024 $14,244 $1,270,557 $948,897 $321,660
2023 $13,930 $1,245,645 $930,292 $315,353
2022 $13,660 $1,221,221 $912,051 $309,170
2021 $13,280 $1,197,276 $894,168 $303,108
2020 $13,153 $1,185,000 $885,000 $300,000
2019 $5,213 $424,425 $141,398 $283,027
2018 $5,135 $416,103 $138,625 $277,478
2017 $4,936 $407,945 $135,907 $272,038
2016 $4,844 $399,947 $133,243 $266,704
2015 $4,773 $393,940 $131,242 $262,698
2014 $4,673 $386,224 $128,671 $257,553
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19201874

California Regional Multiple Listing Service (CRMLS)
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