NOT LISTED FOR SALE

701 E Fairway Dr Orange, CA 92866

5 Beds
4 Baths
2,191 Sq Ft
7,841 Sq Ft Lot

Last Sold March 24, 2016

Last sale price $700,000 $319 Per Sq Ft

143 Days on Market

About This Home

As of March 2016

This 2 bedroom, 2 bathroom property located at 701 E Fairway Dr, Orange, CA 92866 offers 988 square feet of living space. Located at the end of a quiet cul-de-sac, and near the Santiago river bike path that takes you to Hart park. About 1.5 miles from Old Town Orange. The primary bedroom has its own bathroom with tiled shower. The detached garage offers parking for 1 car, and 1 additional car can be parked on the driveway. Street parking is also available. Washer and dryer are located in the unit, in the private back patio, which is accessed through the primary bedroom. Forced air (heater and AC). Ceiling fans in the bedrooms, and over the dining nook. Move in date is somewhat flexible - Starting September 1st we will be working on turnover from previous tenants. Depending on what maintenance needs to be done upon inspection, the property may be available sooner than the listed September 15th date. Small dog under 40 pounds (with pet deposit). Income-to-rent ratio: 2.5x (non-negotiable).

Last Agent to Sell the Property

Carlos Rodriguez

Coldwell Banker Platinum Prop License #01406954 Listed on: 09/14/2015

Coldwell Banker Platinum Prop

Co-Listed By

Stephen Doughty

Coldwell Banker Platinum Prop License #01502374

Last Buyer's Agent

Bertha Aguilar

Camino Real Realty License #01185778

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Block Wall Fence

Parking

  • 3 Car Garage

Home Design

  • 2,191 Sq Ft Home
  • Property Attached
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 7652
  • Assessor Parcel Number 39003111

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $1,000
  • Water Sewer Expense $2,760
  • New Taxes Expense $7,500
  • Gross Income $3,850
  • Net Operating Income $32,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Water Sewer Expenses: 2760.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 39003111
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 319.49

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 89.27
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3850.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 32216.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13060.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 11
  • Tax Tract Number: 7652
  • Tax Year: 2014

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
09/04/2025 09/04/25 Off Market $3,200 -- --
08/21/2025 08/21/25 For Rent $3,200 0.0% --
03/24/2016 03/24/16 Sold $700,000 -1.4% $319 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
09/14/2015 09/14/15 For Sale $710,000 -- $324 / 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: OC15203104

California Regional Multiple Listing Service (CRMLS)

APN: 390-031-11