NOT LISTED FOR SALE

724 N Morgan St Unit A Orange, CA 92867

5 Beds
4 Baths
2,325 Sq Ft
6,534 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $1,265,000 $544 Per Sq Ft

10 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Primary Bedroom
  • Private Yard
  • Traditional Architecture
  • Corner Lot
  • No HOA

About This Home

As of April 2022

Welcome to 724 N Morgan Street! Located in the heart of Orange County, bordering the city of Villa Park, this is an incredible opportunity to own two well-maintained and remodeled units in a highly desirable neighborhood. The property is situated on a large corner lot with a beautifully landscaped wrap-around front yard. The side-by-side units have wonderful long-term tenants, and both feature their own private & enclosed patios, brand new HVAC’s, upgraded plumbing & electrical, laundry located in the garage, one shared wall and nobody above or below! Unit A is a single-story home with 2 bedrooms, 2 bathrooms, 1,062 sq ft and an attached single-car garage. The interior comes fully remodeled with an open-concept floor plan, updated kitchen with new appliances, new carpet and tile flooring throughout and renovated bathrooms. Additionally, Unit A offers a Nest thermostat, cooling whole house fan and improved attic insulation. Unit B is a two-story home with 3 bedrooms (primary bedroom downstairs), 2 full bathrooms, 1,263 sq ft and a two-car garage. Featuring a partially remodeled kitchen including refinished cabinets, newer appliances, and tile flooring. Both bathrooms have been beautifully updated to meet the desired needs of future homeowners. Properties in this area rarely become available, don’t let this one pass you by!

Last Agent to Sell the Property

James Jekums

Seven Gables Real Estate License #01270160 Listed on: 02/19/2022

Seven Gables Real Estate

Last Buyer's Agent

Gary Hunter

Mojo Management Group, Inc. License #00673018

Mojo Management Group, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Corner Lot
  • Private Yard
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors
  • Driveway Level

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Stucco

Interior Spaces

  • 2,325 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Entryway
  • Living Room with Fireplace
  • Storage

Kitchen

  • Walk-In Pantry
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, exterior maintenance, grounds care, gas, trash collection
  • Tax Lot 19
  • Tax Tract Number 7452
  • Assessor Parcel Number 38317318
  • $505 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,950
  • Water Sewer Expense $2,040
  • Operating Expense $3,990
  • Gross Income $52,200
  • Net Operating Income $48,210

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 650000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2040.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 38317318
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan, Pantry, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 544.09
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet, Walk-In Pantry

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway Level, Garage, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Electric Cooktop, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Water Heater Central
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Yard
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Exterior Maintenance, Grounds Care, Gas, Trash Collection

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1950.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 48210.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 3990.00
  • Rent Control: No
  • Total Expenses: 3990.00

Tax Info

  • Tax Census Tract: 758.15
  • Tax Lot: 19
  • Tax Tract Number: 7452
  • TaxOtherAnnualAssessmentAmount: 505.00

Range of Values:

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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
04/29/2022 04/29/22 Sold $1,265,000 -2.7% $544 / Sq Ft
03/09/2022 03/09/22 For Sale $1,300,000 +2.8% $559 / Sq Ft
03/01/2022 03/01/22 Off Market $1,265,000 -- --
03/01/2022 03/01/22 Pending -- -- --
02/19/2022 02/19/22 For Sale $1,300,000 -- $559 / 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: PW22032300

California Regional Multiple Listing Service (CRMLS)