NOT LISTED FOR SALE

815 N Lemon St Orange, CA 92867

10 Beds
8 Baths
4,639 Sq Ft
7,841 Sq Ft Lot

Last Sold January 24, 2019

Last sale price $1,275,000 $275 Per Sq Ft

35 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Level Lot

About This Home

As of January 2019

OUTSTANDING LOCATION RIGHT IN THE HEART OF ORANGE. WALK TO CHAPMAN UNIVERSITY AND THE SHOPS AND RESTAURANTS OF THE ORANGE CIRCLE AND OLD TOWNE. THESE ARE LARGE UNITS. EACH MEASURE OVER 1,000 SQUARE FEET. THERE ARE TWO SINGLE STORY 3 BEDROOM & 2 BATH UNITS AND TWO 2 STORY 2 BEDROOM & 1.5 BATH TOWNHOME STYLE UNITS. THERE ARE 4 SEPARATE GARAGES AND 2 ADDITIONAL PARKING SPACES. RECENT IMPROVEMENTS INCLUDE NEW GARAGE DOORS AND NEW EXTERIOR PAINT. ALL UNITS ARE OCCUPIED AND HAVE BEEN PROFESSIONALLY MANAGED. INTERIORS ARE CLEAN BUT DATED AND COULD USE SOME UPDATING TO MAXIMIZE RENTS.

Last Agent to Sell the Property

Richard Kato, CCIM, CFP

KW College Park License #00775573 Listed on: 11/05/2018

KW College Park

Last Buyer's Agent

Eustorgio Villa

Berkshire Hathaway HomeServices California Properties License #01377262

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,639 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5350
  • Assessor Parcel Number 38643302

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,467
  • Trash Expense $627
  • Water Sewer Expense $1,984
  • New Taxes Expense $15,000
  • Operating Expense $20,078
  • Net Operating Income $55,975

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Orange
  • Water Sewer Expenses: 1984.00
  • Zoning: R-M-7
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 38643302
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 274.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 627.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Scheduled Income: 77474.00
  • Insurance Expense: 2467.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 55975.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21499.00
  • Rent Control: No
  • Total Expenses: 20078.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 762.04
  • Tax Lot: 4
  • Tax Tract Number: 5350

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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Average Value
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List Price
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
01/24/2019 01/24/19 Sold $1,275,000 0.0% $275 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
12/04/2018 12/04/18 For Sale $1,275,000 0.0% $275 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $1,275,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,823 $1,422,285 $1,225,325 $196,960
2024 $15,823 $1,394,398 $1,201,299 $193,099
2023 $15,471 $1,367,057 $1,177,744 $189,313
2022 $15,169 $1,340,252 $1,154,651 $185,601
2021 $14,749 $1,313,973 $1,132,011 $181,962
2020 $14,613 $1,300,500 $1,120,403 $180,097
2019 $11,407 $988,218 $784,926 $203,292
2018 $10,803 $928,050 $724,206 $203,844
2017 $10,366 $909,853 $710,005 $199,848
2016 $10,169 $892,013 $696,083 $195,930
2015 $10,020 $878,615 $685,628 $192,987
2014 $9,807 $861,405 $672,198 $189,207
Source: Public Records

Agents Affiliated with this Home

  • Eustorgio Villa

    Buyer's Agent in 2019

    Eustorgio Villa

    Berkshire Hathaway HomeServices California Properties

    (949) 632-1698

    1 in this area

    38 Total Sales

    Eustorgio Villa
    Section Image

  • Y

    Buyer Co-Listing Agent in 2019

    Yvette Villa

    Berkshire Hathaway HomeServices California Properties

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18268161

California Regional Multiple Listing Service (CRMLS)

APN: 386-433-02

California Orange County Orange 92867

815 N Lemon St, Orange, CA

Not Listed for Sale

MultiFamily

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