NOT LISTED FOR SALE

753 N Mallard St Orange, CA 92867

7 Beds
4 Baths
3,188 Sq Ft
6,970 Sq Ft

Last Sold June 30, 2017

Last sale price $842,500 $264 Per Sq Ft

71 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • Cul-De-Sac
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2017

Great investment opportunity to own a 3 unit apartment complex in Orange. Unit 1 is single story and has 3 bedrooms, 2 bathrooms with a large patio for a back yard. Units 2 and 3 are two stories and each have 2 bedrooms and 1.5 bathrooms. Each unit has own laundry. The property also has a 3 car garage and a small courtyard. The exterior has been recently painted and new grass was planted. Looks great and will sell fast. Drive by only.

Last Agent to Sell the Property

Aaron Zapata

Real Broker License #01356534 Listed on: 03/30/2017

Last Buyer's Agent

Aaron Zapata

Real Broker License #01356534 Listed on: 03/30/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,188 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 22
  • Tax Tract Number 4980
  • Assessor Parcel Number 38307120

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,181
  • Trash Expense $470
  • Water Sewer Expense $1,750
  • New Taxes Expense $9,300
  • Operating Expense $14,301
  • Gross Income $50,988
  • Net Operating Income $45,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,970 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 5.10
  • Property Attached: Yes
  • Water Sewer Expenses: 1750.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 38307120
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 264.27

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 470.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Level
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 50988.00
  • Gross Multiplier: 17.65
  • Gross Scheduled Income: 50988.00
  • Insurance Expense: 1181.00
  • Net Operating Income: 45988.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Actual Rent: 4249.00
  • Total Expenses: 14301.00

Tax Info

  • New Taxes Expense: 9300.00
  • Tax Census Tract: 758.15
  • Tax Lot: 22
  • Tax Tract Number: 4980
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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
06/30/2017 06/30/17 Sold $842,500 -0.9% $264 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
05/27/2017 05/27/17 Price Changed $850,000 -5.5% $267 / Sq Ft
03/30/2017 03/30/17 For Sale $899,900 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $10,946 $977,790 $858,351 $119,439
2024 $10,946 $958,618 $841,520 $117,098
2023 $10,702 $939,822 $825,020 $114,802
2022 $10,492 $921,395 $808,844 $112,551
2021 $10,203 $903,329 $792,984 $110,345
2020 $10,109 $894,067 $784,853 $109,214
2019 $9,984 $876,537 $769,464 $107,073
2018 $9,833 $859,350 $754,376 $104,974
2017 $10,532 $949,059 $807,333 $141,726
2016 $9,633 $862,962 $732,306 $130,656
2015 $9,492 $850,000 $721,306 $128,694
2014 $8,645 $770,760 $642,066 $128,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17065726

California Regional Multiple Listing Service (CRMLS)

APN: 383-071-20

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