NOT LISTED FOR SALE

705 E Walnut Ave Orange, CA 92867

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

Sale Details

Date Sold: June 7, 2024

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

30 Days on Market

Highlights

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

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

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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
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

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

Amenities

  • Laundry Facilities

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

6,098 Sq Ft Lot

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

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
Apr 12, 2024
Closed on
May 15, 2024
Sold by
Bought by
Seller's Agent
Jon Lee
Providence Realty
Buyer's Agent
Kimber Wuerfel
Kimber/Alana Boutique Real Estate
List Price
$1,300,000
Sold Price
$1,285,000
Premium/Discount to List
-$15,000
-1.15%
Views
79

Purchase Details

Listed on
May 26, 2017
Closed on
Jul 11, 2017
Sold by
Bought by
Seller's Agent
Tracy Reinmiller
Property Shop
Buyer's Agent
Matt Trudell
Coldwell Banker Realty
List Price
$999,995
Sold Price
$865,000
Premium/Discount to List
-$134,995
-13.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
Original Mortgage
$605,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 26, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Orange, CA

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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
$1,285,000 Chicago Title
$865,000 First American Title Co
-- Accommodation
$750,000 Lawyers Title
$749,000 Lawyers Title
-- Landamerica Lawyers Title
-- --
$179,000 World Title Company
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 $609,000
Previous Owner $605,500
Previous Owner $600,000
Previous Owner $153,000
Previous Owner $599,200
Previous Owner $393,600
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 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

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
2025 $10,748 $1,310,700 $1,183,200 $127,500
2024 $10,748 $964,923 $904,369 $60,554
2023 $10,512 $946,003 $886,636 $59,367
2022 $10,309 $927,454 $869,251 $58,203
2021 $10,021 $909,269 $852,207 $57,062
2020 $9,929 $899,946 $843,469 $56,477
2019 $9,804 $882,300 $826,930 $55,370
2018 $9,655 $865,000 $810,715 $54,285
2017 $6,993 $629,455 $567,993 $61,462
2016 $6,987 $629,455 $567,993 $61,462
2015 $6,885 $620,000 $559,461 $60,539
2014 $5,626 $500,000 $439,461 $60,539
Source: Public Records

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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

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