NOT LISTED FOR SALE

850 N Adele St Orange, CA 92867

9 Beds
11 Baths
4,414 Sq Ft
8,276 Sq Ft Lot

Last Sold November 05, 2019

Last sale price $1,370,000 $310 Per Sq Ft

22 Days on Market

About This Home

As of November 2019

Great Fourplex in a good conforming neighborhood! It is located near the 55 freeway and E Collins Ave. Three of the 4 units have private fenced in patio areas great for relaxing or to entertain. Laundry area available to all tenants. Unit Mix for this property consists of (1) 3 bedroom two and one half bath with access to 2 car garage, (1) 2 bedroom two and one half bath with access to 2 car garage, and 2 units consisting of two bedroom 2 bath with access to 1 carport space each. Minutes away from El Modena Park, beautiful Grijalva Park, and esteemed Chapman University. Villa Park school district.
Good Opportunity to own 2 fourplexes right next to each other. 860 N Adele St next door is also For Sale by the same owner.

Last Agent to Sell the Property

Randy Combs

Gorman & Associates License #01930012 Listed on: 09/26/2019

Gorman & Associates

Last Buyer's Agent

Dale Cheema

Keller Williams Realty Irvine License #00893619

Keller Williams Realty Irvine

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 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,414 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 5180
  • Assessor Parcel Number 38317512

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $475
  • Fuel Expense $574
  • Gardener Expense $1,500
  • Insurance Expense $1,545
  • Maintenance Expense $5,000
  • Trash Expense $653
  • Water Sewer Expense $2,854
  • New Taxes Expense $15,400
  • Operating Expense $28,001
  • Gross Income $88,620
  • Net Operating Income $56,188

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2854.00
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 38317512
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 310.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 653.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 475.00
  • Fuel Expense: 574.00
  • Gross Income: 88620.00
  • Gross Multiplier: 15.80
  • Gross Operating Income: 84189.00
  • Gross Scheduled Income: 88620.00
  • Gross Spendable Income: 88620.00
  • Insurance Expense: 1545.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 56188.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28001.00
  • Rent Control: No
  • Total Actual Rent: 7385.00
  • Total Expenses: 28001.00

Tax Info

  • New Taxes Expense: 15400.00
  • Tax Census Tract: 758.15
  • Tax Lot: 28
  • Tax Tract Number: 5180

Range of Values:

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Value Increase
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Percent 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
11/05/2019 11/05/19 Sold $1,370,000 -2.1% $310 / Sq Ft
09/26/2019 09/26/19 For Sale $1,400,000 -- $317 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Randy Combs

    Gorman & Associates

    Section Image
  • Dale Cheema

    Buyer's Agent in 2019

    Dale Cheema

    Keller Williams Realty Irvine

    (949) 861-8001

    3 in this area

    57 Total Sales

    Dale Cheema
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19235240

California Regional Multiple Listing Service (CRMLS)

APN: 383-175-12

California Orange County Orange 92867

850 N Adele St, Orange, CA

Not Listed for Sale

MultiFamily

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