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1918 E Del Mar Ave, Orange, CA 92865
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1918 E Del Mar Ave Orange, CA 92865

$1,325,000 Sold Price as of 09/03/2020
  • 9 Beds
  • 8 Baths
  • 4,302 Sq.Ft.
Sold
$1,325,000 Sold Price as of 09/03/2020 Refinance Your Mortgage
Map preview of 1918 E Del Mar Ave, Orange, CA 92865

Property Overview: 1918 E Del Mar Ave Orange, CA has 9 bedrooms, 8 bathrooms, 4,302 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the market with a huge price reduction!!! Well maintained Four large units income property located in the strong rental market of Orange. ALL TENANTS ARE CURRENT WITH RENT! The property consists of (1) large three bedroom/two full bathroom unit and (3) two bedroom/ two full bathroom units. Unit A has 1,410 sq ft, two single car garages, one additional parking space and good size patio. Unit B has 949 sq ft, a single car garage and good size backyard with private parking. Unit C has 949 sq ft, a single car garage, two extra parking spaces and balcony. Unit D has 1,040 sq ft, a single car garage, one additional parking space and good size balcony. Seller replaced furnaces for Unit A and B in 2019. Separately metered for electric and gas for lower owner expenses. Seller replaced a commercial size water heater for the whole building and a timer for common area electric recently. There is a laundry facility on-site for extra income (leased machines). Great long-term tenants that are on month to month and would like to remain as tenants. The property is in a central City of Orange location across from the popular mall, The Village at Orange and right near major retail, educational, and employment opportunities. It is conveniently located less than a mile from the CA-55 and 91 Freeways, which allow tenants to connect with the greater California region and beyond.

Listed by Janet Pak | BRE #01184630 | Realty Executives-Premier
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1968
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW20124042
City
Orange
County
Orange
Time on Site
1375 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $1,990
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,920
  • Total Rent: $1,920
  • Pro Forma/Market Rent: $2,015
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $1,990
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $97,884
  • Net Operating Income: $70,228
  • Gross Operating Income: --
  • Laundry Income: $1,164
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $27,656
  • Electric: $336
  • Gas/Fuel: $2,184
  • Licenses: $95
  • New Taxes: $16,800
  • Trash: $1,560
  • Gardener: $900
  • Insurance: $1,959
  • Maintenance: $1,110
  • Water/Sewer: $2,712

Property Details for 1918 E Del Mar Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet, Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 37213110
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: 55 Fwy Exit to Katella
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Orange Agent

Sale History for 1918 E Del Mar Ave

Last sold for $1,325,000 on September 3rd, 2020

  • September, 2020

  • Sep 4, 2020

    Date

    Sold

    CRMLS: PW20124042

    $1,325,000

    Price

  • Aug 3, 2020

    Date

    Pending

    CRMLS: PW20124042

    $1,325,000

    Price

  • Jul 30, 2020

    Date

    Hold

    CRMLS: PW20124042

    $1,325,000

    Price

  • Jul 24, 2020

    Date

    Active

    CRMLS: PW20124042

    $1,325,000

    Price

  • Jul 24, 2020

    Date

    Price Change

    CRMLS: PW20124042

    $1,325,000

    Price

  • Jul 21, 2020

    Date

    Hold

    CRMLS: PW20124042

    $1,399,000

    Price

  • Jul 17, 2020

    Date

    Active

    CRMLS: PW20124042

    $1,399,000

    Price

  • Jul 8, 2020

    Date

    Hold

    CRMLS: PW20124042

    $1,399,000

    Price

  • Jun 26, 2020

    Date

    Active

    CRMLS: PW20124042

    $1,399,000

    Price

  • September, 2020

  • Sep 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,325,000

    Price

  • December, 2017

  • Dec 21, 2017

    Date

    Sold

    CRMLS: PW17206371

    $1,150,000

    Price

  • Nov 27, 2017

    Date

    Pending

    CRMLS: PW17206371

    $1,199,000

    Price

  • Nov 16, 2017

    Date

    Active

    CRMLS: PW17206371

    $1,199,000

    Price

  • Nov 2, 2017

    Date

    Active Under Contract

    CRMLS: PW17206371

    $1,199,000

    Price

  • Sep 19, 2017

    Date

    Active

    CRMLS: PW17206371

    $1,199,000

    Price

  • Sep 13, 2017

    Date

    Active Under Contract

    CRMLS: PW17206371

    $1,199,000

    Price

  • Sep 6, 2017

    Date

    Active

    CRMLS: PW17206371

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    The Del Mar Palms is a four unit apartment building located in Orange, CA. The subject property has an attractive unit mix consisting of: (1) 3 bedroom 2 bath and (3) 2 bedroom 2 bath and has new exterior paint. There is a laundry facility on-site for extra income (leased machines). Separately metered for electric and gas for lower owner expenses. Very strong rental neighborhood with a large lot. Long term tenants that are month to month. Walking distance to the Orange Mall. Easy access to 55 and 91 freeways, shopping centers & Orange Unified School District.

  • December, 2017

  • Dec 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 1918 E Del Mar Ave

Assessed Value (2020): $1,196,460
Year Land Value Improved Value Assessed Value
2020 $1,028,245 $168,215 $1,196,460

Home Value Compared to the Market

This property vs the competition

1918 E Del Mar Ave sold on September 3, 2020 for 26.19% higher than the current median sold price for the city of Orange which is $1,050,000. The median sold price per/sqft for Orange is $611 and this home is sold at $308 per/sqft which puts the price per square foot 49.59% lower than the current median sale per square foot for the city of Orange.

About 1918 E Del Mar Ave

Detailed summary of property

1918 E Del Mar Ave is a fourplex that recently sold in Orange, CA 92865. This fourplex offered 9 bedrooms, 8 bathrooms, roughly 4,302 living square feet, and sits on an approximately 7,841 square foot lot. 1918 E Del Mar Ave was first listed on ArdentRealEstateGroup.com on August 3, 2020. The homeowner sold the property for $1,325,000. Home in Orange are selling for a median price of $1,050,000 and a median price per square foot of $611. Based on Ardent Real Estate Group's Orange Market Data, this home is sold 26.19% higher than the current median priced home. Local homes that are currently for sale include 12936 Adelle St, 17150 San Mateo St and 1544 Orchard Dr. While the average home in Orange, CA is selling in 44 days, 1918 E Del Mar Ave has a days on market of 21 days. There are currently 159 homes for sale in the Orange real estate market and 126 of them are single family homes while 27 of them are condos and 6 are townhomes. For more information on this home for sale at 1918 E Del Mar Ave Orange, CA 92865 contact Ardent Real Estate Group and we will put you in touch with one of our Orange agents.

Public Facts for 1918 E Del Mar Ave

Public county record property details
Beds
--
Baths
--
Year built
1968
Sq. Ft.
4,304
Lot Size
8,678
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
20
APN
372-131-10

The source for these homes facts are from public records.

92865 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,900
Median List Price/Sq.Ft.
$617
Median Sold Price
$905,000
Median Sold Price/Sq.Ft.
$577
Total Inventory
26
Median Sale to List Price %
90.45%
Avg Days on Market
12
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (11.11%), Other (55.56%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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