NOT LISTED FOR SALE

880 N Kathleen Ln Orange, CA 92867

Orange Area
9 Beds
11 Baths
4,414 Sq Ft
8,824 Sq Ft Lot

Sale Details

Date Sold: September 5, 2023

Last sale price $1,890,000 $428 Per Sq Ft

Highlights

  • No Units Above
  • Granite Countertops
  • Balcony
  • High Ceiling
  • No HOA
  • Recessed Lighting

About This Home

As of September 2023

Welcome to this rarely available 4-Plex situated in a prime location near Villa Park, offering a fantastic investment opportunity for new and seasoned investors alike.

The property features a brand new flat roof and new tiles on the smaller tiled portion. In 2018, the units underwent extensive remodeling.

Fantasic property configuration with spacious units and large exterior spaces for each unit.

Unit A is a 3-bedroom, 2.5-bath, 2-story townhome with a large fenced-in backyard and covered patio. It boasts a direct access 2-car garage with W/D hookups, vaulted ceilings, and a cozy fireplace in the living room.

Unit B is a 2-bedroom, 2.5-bath, 2-story townhome with a large fenced-in backyard, covered patio and balcony off the primary. It offers dual primary suites with en-suite bathrooms.

Unit C is a 2-bedroom, 2.5-bath, 2-story townhome featuring dual primary suites with en-suite bathrooms. This unit includes a patio and large backyard, screed-in sunroom, and has an in-unit laundry room added in 2018.

Unit D is a 2-bedroom, 2-bath upstairs unit with a primary bedroom featuring an en-suite bathroom and deck.
The property includes a separate, recently renovated laundry room with a washer/dryer for units B & D, offering potential for added income.
All units are individually metered for gas & electric, and there is significant upside potential in rents. Plenty of on-site parking with an attached 2-car garage for unit A, a 2-car detached garage, 2 carports, and an additional single parking space.

This property's central location offers easy access to the 91and 55 freeways – perfect for commuters. It is also close to a walking trail, elementary school, and parks, adding to its appeal.

Don't miss out on this incredible opportunity to own a rare 4-Plex in an excellent location.

Last Agent to Sell the Property

Tricia Castellanos

Alta Realty Group CA, Inc. License #01975129 Listed on: 08/03/2023

Alta Realty Group CA, Inc.

Last Buyer's Agent

Soheila Shirazi

Surterre Properties Inc License #00883491

Surterre Properties Inc
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,400

Year Built

  • Built in 1969

Lot Details

  • 8,824 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Sprinkler System

Parking

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

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Flat Roof Shape
  • Spanish Tile Roof

Interior Spaces

  • 4,414 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Family Room with Fireplace
  • Storage

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 2
  • Tax Tract Number 5180
  • Assessor Parcel Number 38317502

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $204
  • Gardener Expense $1,200
  • Insurance Expense $2,510
  • Water Sewer Expense $2,626
  • Operating Expense $21,124
  • Gross Income $124,938
  • Net Operating Income $103,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,400

Year Built

Built in 1969

Lot Details

8,824 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerators, stackable washer/dryer in unit C
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2626.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 38317502
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 428.18

Exterior Features

  • Pool Private: No
  • Roof: Flat, Spanish Tile
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater, Water Line to Refrigerator
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 8824.00
  • Lot Size Acres: 0.2026

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 204.00
  • Gross Income: 124938.00
  • Gross Scheduled Income: 124938.00
  • Insurance Expense: 2510.00
  • Lot Size Area: 8824.0000 Square Feet
  • Net Operating Income: 103814.00
  • 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
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 21124.00
  • Rent Control: No
  • Total Expenses: 21124.00

Tax Info

  • Tax Census Tract: 075815
  • Tax Lot: 2
  • Tax Tract Number: 5180
  • Tax Annual Amount: 15400.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 25, 2023
Sold by
Bought by
Seller's Agent
Tricia Castellanos
Alta Realty Group CA, Inc.
Buyer's Agent
Soheila Shirazi
Surterre Properties Inc
List Price
$1,925,000
Sold Price
$1,890,000
Premium/Discount to List
-$35,000
-1.82%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 3, 2023
Closed on
Aug 8, 2023
Sold by
Bought by
Seller's Agent
Tricia Castellanos
Alta Realty Group CA, Inc.
Buyer's Agent
Soheila Shirazi
Surterre Properties Inc
List Price
$1,925,000
Sold Price
$1,890,000
Premium/Discount to List
-$35,000
-1.82%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2023
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,750
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 3, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company
$1,890,000 First American Title
-- First American Title
-- None Available
$1,220,000 Fidelity National Title
-- American Coast Title Company
$1,100,000 Stewart Title Guaranty
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,125,000
Previous Owner $1,042,000
Previous Owner $847,000
Previous Owner $847,000
Previous Owner $801,500
Previous Owner $698,750
Previous Owner $518,000
Previous Owner $250,000
Previous Owner $550,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2023 09/05/23 Sold $1,890,000 -1.8% $428 / Sq Ft
08/03/2023 08/03/23 For Sale $1,925,000 +1.9% $436 / Sq Ft
07/30/2023 07/30/23 Off Market $1,890,000 -- --
01/20/2017 01/20/17 Sold $1,220,000 -2.3% $276 / Sq Ft View Prior Sale
09/22/2016 09/22/16 For Sale $1,249,000 -- $283 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $21,532 $1,966,356 $1,599,532 $366,824
2025 $21,059 $1,927,800 $1,568,168 $359,632
2024 $21,059 $1,890,000 $1,537,419 $352,581
2023 $15,401 $1,360,930 $1,156,176 $204,754
2022 $15,101 $1,334,246 $1,133,506 $200,740
2021 $14,683 $1,308,085 $1,111,281 $196,804
2020 $14,548 $1,294,673 $1,099,886 $194,787
2019 $14,367 $1,269,288 $1,078,320 $190,968
2018 $14,150 $1,244,400 $1,057,176 $187,224
2017 $13,188 $1,183,225 $920,819 $262,406
2016 $11,806 $1,050,783 $798,891 $251,892
2015 $11,634 $1,035,000 $786,891 $248,109
2014 $11,596 $1,035,000 $786,891 $248,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23137465

California Regional Multiple Listing Service (CRMLS)

APN: 383-175-02

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