$1,375,000
SOLD JAN 28, 2019

850 N Kathleen Ln Orange, CA 92867

9 Beds
11 Baths
4,415 Sq Ft
9,062 Sq Ft Lot

Recently Sold

$311 Per Sq Ft

2% Above List Price

64 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Double Pane Windows
  • Corner Lot
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window

About This Home

As of January 2019

Pristine four-plex with recent upgrades. Great value. New windows and new paint greet you as you approach the property; very welcoming embrace. 3 of the 4 units have private fenced patio areas great for relaxing or to entertain. Amenities include laundry area available to all tenants. Great Value. Property consists of 1 three bedroom two and one half bath with access to 2 car garage, 1 two 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. Great location.

Last Agent to Sell the Property

Juan Rivera

Realty Executives All Cities License #01299236 Listed on: 10/02/2018

Realty Executives All Cities

Last Buyer's Agent

Ed Diaz

Vanguard Property Group License #01022469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 9,062 Sq Ft Lot
  • Two or More Common Walls
  • Brick Fence
  • Landscaped
  • Corner Lot

Parking

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

Home Design

  • Property Attached
  • Turnkey
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,415 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Neighborhood Views
  • Fire and Smoke Detector
  • Laundry Room

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Doors are 32 inches wide or more
  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 4
  • Tax Tract Number 5180
  • Assessor Parcel Number 38317504

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $600
  • Gardener Expense $600
  • Insurance Expense $1,834
  • Other Expense $500
  • Trash Expense $960
  • Water Sewer Expense $2,400
  • New Taxes Expense $16,875
  • Operating Expense $23,269
  • Gross Income $2,400
  • Net Operating Income $55,000

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1969 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.10
  • Other Phone Description: 310-938-2366
  • Other Phone Number: 310-938-2366
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Resident Manager, Smoke Detector(s)
  • Subdivision Name Other: Villa Park
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 38317504
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Levels: Two
  • Price Per Square Foot: 311.44
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Spanish Tile
  • Spa: No
  • Construction Materials: Brick, Concrete, Drywall Walls, Stucco

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lot 6500-9999, Park Nearby
  • Lot Size Sq Ft: 9062.00
  • Lot Size Acres: 0.2080

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Fuel Expense: 600.00
  • Gross Income: 2400.00
  • Gross Operating Income: 76000.00
  • Gross Scheduled Income: 80000.00
  • Insurance Expense: 1834.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 9062.0000 Square Feet
  • Net Operating Income: 55000.00
  • 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: 21000.00
  • Other Expense: 500.00
  • Other Expense Description: Accting
  • Rent Control: No
  • Total Actual Rent: 6520.00
  • Total Expenses: 23269.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Census Tract: 758.15
  • Tax Lot: 4
  • Tax Tract Number: 5180

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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 Change Sq Ft Price
06/07/2025 06/07/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $2,050,000 +49.1% $464 / Sq Ft
01/28/2019 01/28/19 Sold $1,375,000 +1.9% $311 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
11/27/2018 11/27/18 For Sale $1,350,000 0.0% $306 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $1,350,000 -- $306 / 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: RS18239259

California Regional Multiple Listing Service (CRMLS)

APN: 383-175-04