NOT LISTED FOR SALE

830 N Adele St Orange, CA 92867

9 Beds
11 Baths
4,500 Sq Ft
8,276 Sq Ft Lot

Last Sold September 06, 2018

Last sale price $1,400,000 $311 Per Sq Ft

12 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Air

About This Home

As of September 2018

Beautiful, clean, well managed four-plex with updated amenities. Probably one of the best four-plex layouts available with fenced in yards for three of the four units and minimal shared walls. Townhouse style with two story set up on three of the four units. Lots of space, half bath on the first floor and separate baths for the bedrooms upstairs. Estimated cap rate of 4.8% with current rents. Proforma takes it to 5%+. Townhouse style ; Three bedroom 2.5 bath(1) with two car attached garage and laundry hook-ups; Two bedroom, 2.5 bath (2); two bedroom, 2 bath. (2) two car garages - and a two car carport and one uncovered parking space. Three units access from first floor and have fenced yards. Fourth unit access via exterior stairs to second floor. Updated plumbing, sewer, A/C, flooring, paint and windows. Granite countertops in most units. Onsite coin operated laundry is included in the sale with new washer. Sale includes all landlord owned appliances including coin operated washer and dryer. Tenant owned property not included. East of the 55 between Katella and Chapman. Next to Villa Park.

Last Agent to Sell the Property

Gail Itnyre

Vida Bella Incorporated License #01526809 Listed on: 07/18/2018

Last Buyer's Agent

Mary Nasr

Homequest Real Estate License #01766901

Homequest Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 1 Open Parking Space
  • 4 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Electric Dryer Hookup

Utilities

  • Central Air
  • 220 Volts in Garage
  • 220 Volts in Kitchen

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 29
  • Tax Tract Number 5180
  • Assessor Parcel Number 38317513

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,677
  • Fuel Expense $2,448
  • Gardener Expense $540
  • Insurance Expense $1,289
  • Trash Expense $627
  • Water Sewer Expense $1,722
  • New Taxes Expense $11,047
  • Operating Expense $21,541
  • Gross Income $90,924
  • Net Operating Income $69,382

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.49
  • Property Attached: Yes
  • Subdivision Name Other: Santiago Ranchos (SANR)
  • Water Sewer Expenses: 1722.00
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 38317513
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 311.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Laundry Features: Community, Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 627.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8276.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Average3 Bed Area: 1450 Square Feet
  • Electric Expense: 1677.00
  • Fuel Expense: 2448.30
  • Gross Income: 90924.00
  • Gross Multiplier: 16.90
  • Gross Scheduled Income: 90924.00
  • Insurance Expense: 1289.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2544.00
  • Net Operating Income: 69382.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 21541.00
  • Rent Control: No
  • Total Expenses: 21541.00

Tax Info

  • New Taxes Expense: 11047.00
  • Tax Census Tract: 758.15
  • Tax Lot: 29
  • Tax Tract Number: 5180

Range of Values:

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Value Increase
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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
09/06/2018 09/06/18 Sold $1,400,000 -6.4% $311 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $1,495,000 -- $332 / 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: PW18153517

California Regional Multiple Listing Service (CRMLS)

APN: 383-175-13