P
Seller's Agent in 2020
Patrick Schwier
Max One Real Estate
568 N Glassell St Orange, CA 92867
2
Beds
2
Baths
1,984
Sq Ft
6,098
Sq Ft Lot
Highlights
- Wood Flooring
- Laundry Room
- 1-Story Property
- No HOA
About This Home
As of August 2020city of Orange, now available for $1,050,000! Current Gross Income is over $60,0000 with upside rent potential. This is an incredibly rare opportunity for investors looking for passive income properties in Downtown Orange.
This upgraded multi-unit investment is located just walking distance to The Chapman University Campus, the Orange Circle, and Downtown Orange.
The front 2 Bed 1 Bath home includes an upgraded kitchen and bath, private fence & landscaped front yard with porch, original hard wood floors, washer, dryer hook ups, custom cabinets, AC units and 8 x 8 outside storage unit.
There are 2 fully remodeled studios in the back, spacious with new flooring, new kitchen cabinets, stainless steel appliances, bathroom remodeled, new water heater and new wall heating units, washer and dryer in one unit. Parking available for 3 vehicles, all 3 units have separates mailing addresses.
Buyer to verify both zoning and building sqft. This is a great long-term hold.
Last Agent to Sell the Property
Patrick Schwier
Max One Real Estate License #01072723 Listed on: 06/17/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 6,098 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Raised Foundation
- Slab Foundation
Interior Spaces
- 1,984 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 9
- Tax Tract Number 506
- Assessor Parcel Number 03913323
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $240
- Gardener Expense $600
- Insurance Expense $1,500
- Maintenance Expense $1,763
- Professional Management Expense $1,200
- Water Sewer Expense $900
- New Taxes Expense $11,130
- Operating Expense $17,093
- Gross Income $60,600
- Net Operating Income $41,893
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2020 08/20/20 | Sold | $1,025,000 | -2.4% | $517 / Sq Ft |
| 06/30/2020 06/30/20 | Pending | -- | -- | -- |
| 06/17/2020 06/17/20 | For Sale | $1,050,000 | 0.0% | $529 / Sq Ft |
| 03/11/2019 03/11/19 | Rented | $2,400 | 0.0% | -- |
| 03/08/2019 03/08/19 | For Rent | $2,400 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $12,029 | $1,109,492 | $909,243 | $200,249 |
| 2024 | $12,029 | $1,087,738 | $891,415 | $196,323 |
| 2023 | $11,765 | $1,066,410 | $873,936 | $192,474 |
| 2022 | $11,539 | $1,045,500 | $856,800 | $188,700 |
| 2021 | $11,216 | $1,025,000 | $840,000 | $185,000 |
| 2020 | $6,424 | $556,204 | $465,287 | $90,917 |
| 2019 | $6,347 | $545,299 | $456,164 | $89,135 |
| 2018 | $6,251 | $534,607 | $447,219 | $87,388 |
| 2017 | $5,999 | $524,125 | $438,450 | $85,675 |
| 2016 | $5,885 | $513,849 | $429,853 | $83,996 |
| 2015 | $5,799 | $506,131 | $423,396 | $82,735 |
| 2014 | $5,677 | $496,217 | $415,102 | $81,115 |
Source: Public Records
Agents Affiliated with this Home
-
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
24 in this area
6,296 Total Sales
-
Tom Schulze
Seller's Agent in 2019
Tom Schulze
Wise Choices Realty
(949) 636-2050
5 in this area
142 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20117893
APN: 039-133-23
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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