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265 N Grand St, Orange, CA 92866
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265 N Grand St Orange, CA 92866

$890,000 Sold Price as of 08/27/2019
  • 3 Beds
  • 3 Baths
  • 2,272 Sq.Ft.
Sold
$890,000 Sold Price as of 08/27/2019 Refinance Your Mortgage
Map preview of 265 N Grand St, Orange, CA 92866

Property Overview: 265 N Grand St Orange, CA has 3 bedrooms, 3 bathrooms, 2,272 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity to own an income producing property steps from Chapman University! Located in the heart of Old Towne Orange, this historic Craftsman multi-unit property provides a rare chance for any buyer looking to acquire a property that offers it all! Beautiful location, historic charm, high rental demand & strong income potential with a proforma cap rate near 6%! The front unit (265) is a 2 bed/1 bath and has been recently cosmetically updated with new carpet & wood vinyl floors, fresh paint, new oven/strove, washer/dryer, white tile counters in kitchen, bathroom vanity & shower. New ceiling fans, split A/C & heat units in living & bedrooms. The rear unit (261) has a nice floor plan with spacious kitchen/dining room, stackable washer/dryer laundry closet, one bedroom with closet, bathroom & cozy living room. The studio unit (265) offers a single room with separated small kitchen & bathroom. Both rear units have not been cosmetically updated due to long term month to month tenants that have enjoyed living in them for many years. Tenants share access to a detached 2 car garage located at the rear of the property & landscaped rear yard with fruit trees. Tenant parking is provided on driveway or on street (city provided permits) depending on unit. Continuous rental demand can be found with this property on a beautiful historic, well cared for neighborhood street with immediate proximity to Chapman University, all amenities of the Orange Circle & nearby train station.

Listed by Jennifer Paino | BRE #01874092 | Freedom First Properties
Last checked: 37 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1915
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW19182719
City
Orange
County
Orange
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $53,400
  • Net Operating Income: $36,859
  • Gross Operating Income: $53,400
Annual Expense Breakdown
  • Total Operating Expense: $16,541
  • Electric: $1,384
  • Gas/Fuel: $772
  • New Taxes: $9,779
  • Trash: $431
  • Gardener: $960
  • Insurance: $1,670
  • Water/Sewer: $861

Property Details for 265 N Grand St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Wood
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Refrigerator, Water Heater
Interior Features
  • Levels: One
  • Window Features: Wood Frames
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Parking Features: Driveway, Garage, Garage - Two Door, Permit Required, See Remarks, Street
Lot Information
  • Lot Features: 2-5 Units/Acre
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 03924304
  • Year Built Source: Public Records
  • Architectural Style: Craftsman
  • Property is not Attached
  • Accessibility Features: None
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, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: From E. Chapman Avenue, turn North on N. Grand Street. Property near to Chapman University campus cross streets E. Palm Ave/N. Grand
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Orange Agent

Sale History for 265 N Grand St

Last sold for $890,000 on August 27th, 2019

  • August, 2019

  • Aug 27, 2019

    Date

    Sold

    CRMLS: PW19182719

    $890,000

    Price

  • Aug 5, 2019

    Date

    Pending

    CRMLS: PW19182719

    $889,000

    Price

  • Aug 1, 2019

    Date

    Active

    CRMLS: PW19182719

    $889,000

    Price

  • August, 2019

  • Aug 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • July, 2019

  • Jul 16, 2019

    Date

    Leased

    CRMLS: PW19152582

    $2,500

    Price

  • Jul 6, 2019

    Date

    Pending

    CRMLS: PW19152582

    $2,500

    Price

  • Jul 4, 2019

    Date

    Active

    CRMLS: PW19152582

    $2,500

    Price

  • Jul 2, 2019

    Date

    Hold

    CRMLS: PW19152582

    $2,500

    Price

  • Jun 28, 2019

    Date

    Active

    CRMLS: PW19152582

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to live steps from Chapman University in the beautiful front unit of this well cared for historic property. Located in the heart of Old Towne Orange, this two bedroom one bathroom unit has been recently updated with features including new vinyl flooring and carpet throughout, new paint, new tile in kitchen and bathroom and new range/oven combination. Refrigerator and washer/dryer unit included. Both spacious bedrooms and family room each have updated with ceiling fan/light fixture and wall A/C and heating units for added comfort. Access to landscaped spacious rear yard/garden with fruit trees and additional storage accessible in the rear two car garage included. Relax and enjoy the neighborhood on your front porch or take a short walk to enjoy all the benefits of this convenient location within walking distance to the Orange Circle, train station, restaurants and schools.

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Tax History for 265 N Grand St

Assessed Value (2020): $890,000
Year Land Value Improved Value Assessed Value
2020 $790,000 $100,000 $890,000

Home Value Compared to the Market

This property vs the competition

265 N Grand St sold on August 27, 2019 for 15.33% lower 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 $391.29 per/sqft which puts the price per square foot 35.96% lower than the current median sale per square foot for the city of Orange.

About 265 N Grand St

Detailed summary of property

265 N Grand St is a duplex that recently sold in Orange, CA 92866. This duplex offered 3 bedrooms, 3 bathrooms, roughly 2,272 living square feet, and sits on an approximately 6,534 square foot lot. 265 N Grand St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $890,000. 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 15.33% lower than the current median priced home. Local homes that are currently for sale include 4110 E Vermont St, 3134 E Coolidge St and 1890 E 20th St. While the average home in Orange, CA is selling in 46 days, 265 N Grand St has a days on market of 4 days. There are currently 149 homes for sale in the Orange real estate market and 120 of them are single family homes while 22 of them are condos and 7 are townhomes. For more information on this home for sale at 265 N Grand St Orange, CA 92866 contact Ardent Real Estate Group and we will put you in touch with one of our Orange agents.

Public Facts for 265 N Grand St

Public county record property details
Beds
--
Baths
--
Year built
1915
Sq. Ft.
2,273
Lot Size
6,478
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
039-243-04

The source for these homes facts are from public records.

92866 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$745
Median Sold Price
$1,050,000
Median Sold Price/Sq.Ft.
$616
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
14
Loan Type
Conventional (33.33%), FHA (16.67%), VA (0%), Cash (50%), Other (0%)

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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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