NOT LISTED FOR SALE

617 E Walnut St Santa Ana, CA 92701

Pacific Park Neighborhood
3 Beds
3 Baths
3,260 Sq Ft
8,400 Sq Ft Lot

Last Sold February 22, 2013

Last sale price $670,000 $206 Per Sq Ft

57 Days on Market

About This Home

As of February 2013

Offering it's tenants a quite and peaceful living environment the subject property consists of a two buildings on one parcel. The front building has two units and the rear building is comprised of 4 units. Each is individually metered for gas and electricity as well as having it's own water heater. Parking consists of two open spaces in the front and 4 open spaces in the rear of the property. With a Capitaization Rate just under 6.5% this investment offers an extremely attractive return.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 02/01/2013

Last Buyer's Agent

Spencer Hoo

Epique Inc License #01470365

Epique Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,400

Parking

  • 6 Parking Spaces

Home Design

  • 3,260 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • 8,400 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 398
  • Tax Tract Number 495
  • Assessor Parcel Number 39849510

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $900
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $3,459
  • Other Expense $3,176
  • Trash Expense $1,250
  • Water Sewer Expense $2,030
  • New Taxes Expense $8,836
  • Gross Income $5,610
  • Net Operating Income $44,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.48
  • View: No
  • Water Sewer Expenses: 2030.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 39849510
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 205.52

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 1250.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1930

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 5610.00
  • Gross Multiplier: 9.79
  • Gross Scheduled Income: 69480.00
  • Gross Spendable Income: 15709.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 3459.00
  • Net Operating Income: 44052.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21954.00
  • Other Expense: 3176.00
  • Other Expense Description: Misc
  • Vacancy Allowance: 3474
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8836.00
  • Tax Lot: 398
  • Tax Tract Number: 495

Range of Values:

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List Price
Sold Price
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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
02/22/2013 02/22/13 Sold $670,000 -1.5% $206 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $680,000 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2013

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    18 Total Sales

    Mike Marcu
    Section Image
  • Spencer Hoo

    Buyer's Agent in 2013

    Spencer Hoo

    Epique Inc

    (714) 423-7563

    7 Total Sales

    Spencer Hoo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S719830

California Regional Multiple Listing Service (CRMLS)

APN: 398-495-10

California Orange County Santa Ana 92701 Pacific Park

617 E Walnut St, Santa Ana, CA

This home is located at 617 E Walnut St, Santa Ana, CA 92701 since 01 February 2013. This property was built in 1961. 617 E Walnut St is a home located in Orange County with nearby schools including Roosevelt-Walker Academy, Sierra Preparatory Academy, and Century High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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