NOT LISTED FOR SALE

705 E Walnut Ave Orange, CA 92867

4 Beds
2 Baths
1,888 Sq Ft
6,098 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $1,285,000 $681 Per Sq Ft

30 Days on Market

Highlights

  • Lawn
  • Beamed Ceilings
  • Landscaped
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of June 2024

Welcome to 705 E. Walnut Avenue, a Single Level Duplex Located Just Blocks from Chapman University and Old Town Orange. Each Unit is Two Bedroom/One Bathroom and approximately 944 Square Feet. Conveniently Located Indoor Laundry for Each Unit. Each Unit Has a Large Yard Showcasing Water Saving Landscaping and Automatic Sprinkler System. One Detached Three Car Garage Along With Three Additional Driveway Parking Spaces. Each Unit Has Separate Electric Meters. This is the Perfect Investment Property Given the Proximity to Chapman University, Old Town Orange, Orange Train Station, and Freeway Access. Do Not Miss Out on 705 E. Walnut Avenue! The Home Is Drive By Only For The Time Being.

Last Agent to Sell the Property

Jon Lee

Providence Realty Brokerage Email: austin@camelotwest.com License #01956483 Listed on: 04/12/2024

Co-Listed By

Jennifer Esser

Camelot West Residential Brokerage Email: austin@camelotwest.com License #00833875

Last Buyer's Agent

Kimber Wuerfel

Kimber/Alana Boutique Real Estate License #01314386

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • Back Yard

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,888 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Entryway
  • Family Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 621
  • Assessor Parcel Number 38623113
  • $527 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,319
  • Trash Expense $420
  • Water Sewer Expense $870
  • New Taxes Expense $13,500
  • Operating Expense $17,429
  • Gross Income $64,800
  • Net Operating Income $42,742

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.30
  • Property Attached: No
  • Water Sewer Expenses: 870.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 38623113
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 680.61
  • Room Type: All Bedrooms Down, Entry, Family Room, Kitchen, Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400
  • Latitude Manual: 33.79535100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 944 Square Feet
  • Gross Income: 64800.00
  • Gross Operating Income: 62856.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1319.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 42742.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 17429.00
  • Rent Control: No
  • Total Actual Rent: 64800.00
  • Total Expenses: 17429.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13500.00
  • Tax Census Tract: 762.05
  • Tax Lot: 1
  • Tax Tract Number: 621
  • TaxOtherAnnualAssessmentAmount: 527.00

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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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 Prior Sale
06/07/2024 06/07/24 Sold $1,285,000 -1.2% $681 / Sq Ft
04/12/2024 04/12/24 For Sale $1,300,000 0.0% $689 / Sq Ft
05/01/2018 05/01/18 Rented $2,800 +14.3% --
04/23/2018 04/23/18 Off Market $2,450 -- --
03/06/2018 03/06/18 Price Changed $2,450 -3.9% $2 / Sq Ft
03/06/2018 03/06/18 Price Changed $2,550 -1.9% $3 / Sq Ft
03/01/2018 03/01/18 For Rent $2,600 0.0% --
08/15/2017 08/15/17 Sold $865,000 -3.7% $458 / Sq Ft View Prior Sale
06/29/2017 06/29/17 Price Changed $897,800 -10.2% $476 / Sq Ft
05/26/2017 05/26/17 For Sale $999,995 -- $530 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jon Lee

    Providence Realty

    Section Image
  • Jennifer Esser

    Seller Co-Listing Agent in 2024

    Jennifer Esser

    Camelot West Residential

    (714) 381-2474

    2 in this area

    23 Total Sales

    Jennifer Esser
    Section Image
  • Kimber Wuerfel

    Buyer's Agent in 2024

    Kimber Wuerfel

    Kimber/Alana Boutique Real Estate

    (714) 812-9155

    2 in this area

    118 Total Sales

    Kimber Wuerfel
    Section Image

  • G

    Buyer Co-Listing Agent in 2024

    Gavin Wuerfel

    Kimber/Alana Boutique Real Estate

    (714) 747-7316

    1 in this area

    9 Total Sales

    Gavin Wuerfel
    Section Image
  • Matt Trudell

    Seller's Agent in 2018

    Matt Trudell

    Coldwell Banker Realty

    (949) 769-1412

    30 Total Sales

    Matt Trudell
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24069273

California Regional Multiple Listing Service (CRMLS)

APN: 386-231-13

California Orange County Orange 92866

705 E Walnut Ave, Orange, CA

Not Listed for Sale

MultiFamily

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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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