NOT LISTED FOR SALE

724 N Morgan St Orange, CA 92867

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

Last Sold July 07, 2014

Last sale price $675,000 $290 Per Sq Ft

11 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • Central Heating and Cooling System
  • Corner Lot
  • Laundry Room
  • Carpet

About This Home

As of July 2014

Location, Location, Location! Low Maintenance DUPLEX located near the Sports Center at Grijalva Park, Santiago Creek Bike Trail, Historical Old Town Orange, Chapman University, Villa Park, Shopping, Dining, & Entertainment*This Fantastic Investment Property is Located on a Lushly Landscaped Private Corner Lot*Each Unit has its own Unique Appeal & are Leased Month to Month*Unit A is a single level with 2 bedrooms, 2 bathrooms, 1 Car Attached Garage, & Enclosed Back Yard w/Newer Wood Fence & Covered Patio*Unit B is a 2 story with a Main Floor Bedroom/Bathroom, 2 Bedrooms Upstairs w/Full Bath, 2 Car Garage Attached w/laundry, & Covered Patio w/Enclosed Back Yard*

Last Agent to Sell the Property

Kathy Wren

Seven Gables Real Estate License #01874313 Listed on: 05/19/2014

Seven Gables Real Estate

Last Buyer's Agent

Robert Carrera

Coldwell Banker Realty License #00947950

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,534 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • New Fence
  • Corner Lot
  • Sprinkler System
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Property Attached
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 2,325 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 7452
  • Assessor Parcel Number 38317318

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $935
  • Insurance Expense $2,878
  • Maintenance Expense $1,000
  • Trash Expense $256
  • Water Sewer Expense $1,444
  • New Taxes Expense $6,527
  • Gross Income $3,300
  • Net Operating Income $28,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1444.00
  • Property Type: Residential Income
  • Gardener Expense: 935.00
  • Parcel Number: 38317318
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet
  • Price Per Square Foot: 290.32

Exterior Features

  • Fencing: New Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Trash Expense: 256.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre, Corner Lot, Sprinkler System, Yard
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 2878.00
  • Lot Size Area: 6534.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 28260.00
  • 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: 11339.00
  • Rent Control: No
  • Total Actual Rent: 3300.00

Tax Info

  • New Taxes Expense: 6527.00
  • Tax Lot: 19
  • Tax Tract Number: 7452
  • Tax Year: 2013

Range of Values:

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Value Increase
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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
07/07/2014 07/07/14 Sold $675,000 +2.4% $290 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $659,000 +12.3% $283 / Sq Ft
12/21/2012 12/21/12 Sold $587,000 -5.2% $252 / Sq Ft View Prior Sale
12/02/2012 12/02/12 Pending -- -- --
11/28/2012 11/28/12 For Sale $619,500 -- $266 / 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: OC14104403

California Regional Multiple Listing Service (CRMLS)

APN: 383-173-18