NOT LISTED FOR SALE

Orange, CA 92866

9 Beds
8 Baths
5,078 Sq Ft
8,491 Sq Ft Lot

Last Sold May 01, 2023

Last sale price $1,775,000 $350 Per Sq Ft

10 Days on Market

About This Home

As of May 2023

Situated on a corner lot, this covington-style 4 unit opportunity in Orange, is one of the most resirable rental markets in California. The property is walking distance to Chapman University and Old Towne Orange; a historial community that offers entertainment, restaurants and shopping. The property offers a unit mix of three 2-bedroom units and one 3-bedroom single-story unit. Based on comprehensive research, the in-place rents are 33% below market rate. Please see the offering memorandum for details.

Last Agent to Sell the Property

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 04/04/2023

Last Buyer's Agent

Lena Ghezel

Compass License #01252003

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,491 Sq Ft Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 5,078 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 390-632-07

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Living Area: 5078
  • Lot Acreage: 0.1872
  • Stories: 2
  • Year Built: 1966
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 334.78

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 20.11
  • Assessed Improvement Value: 194265
  • Assessed Land Percent: 79.89
  • Assessed Land Value: 771558
  • Total Assessed Value: 965823
  • Assessor Parcel Number: 390-632-07
  • Lot Size Area: 8491

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.83
  • Number Of Units: 4
  • Type Of Units: apartments
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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
05/01/2023 05/01/23 Sold $1,775,000 +4.4% $350 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $1,700,000 0.0% $335 / Sq Ft
12/30/2019 12/30/19 Rented $2,475 0.0% --
12/20/2019 12/20/19 Off Market $2,475 -- --
10/29/2019 10/29/19 Price Changed $2,475 -1.0% $2 / Sq Ft
09/12/2019 09/12/19 For Rent $2,500 +8.7% --
09/05/2018 09/05/18 Rented $2,300 0.0% --
08/07/2018 08/07/18 For Rent $2,300 -- --
Source: The MLS

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 $20,218 $1,846,710 $1,646,500 $200,210
2024 $20,218 $1,810,500 $1,614,215 $196,285
2023 $11,435 $985,139 $786,989 $198,150
2022 $11,209 $965,823 $771,558 $194,265
2021 $10,903 $946,886 $756,430 $190,456
2020 $10,802 $937,177 $748,673 $188,504
2019 $10,671 $918,801 $733,993 $184,808
2018 $10,511 $900,786 $719,601 $181,185
2017 $10,086 $883,124 $705,491 $177,633
2016 $9,894 $865,808 $691,658 $174,150
2015 $2,523 $153,985 $40,704 $113,281
2014 $2,470 $150,969 $39,907 $111,062
Source: Public Records

Agents Affiliated with this Home

  • Mike O’Neill

    Seller's Agent in 2023

    Mike O’Neill

    CB Richard Ellis, Inc.

    (949) 725-8500

    1 in this area

    54 Total Sales

    Mike O’Neill
    Section Image
  • Lena Ghezel

    Buyer's Agent in 2023

    Lena Ghezel

    Compass

    (714) 914-3443

    1 in this area

    45 Total Sales

    Lena Ghezel
    Section Image
  • John Aust

    Seller's Agent in 2019

    John Aust

    John Aust, Broker

    (714) 639-7990

    8 in this area

    21 Total Sales

    John Aust
    Section Image
  • Dorinda Von Tersch

    Buyer's Agent in 2018

    Dorinda Von Tersch

    Seven Gables Real Estate

    (714) 731-3777

    9 in this area

    15 Total Sales

    Dorinda Von Tersch
    Section Image
See All Agents

Source: The MLS

MLS Number: 23-257165

The MLS
California Orange County Orange

92866

Not Listed for Sale

MultiFamily

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