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320 N Clark St, Orange, CA 92868
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320 N Clark St Orange, CA 92868

$1,075,000 Sold Price as of 10/31/2019
  • 6 Beds
  • 3 Baths
  • 2,620 Sq.Ft.
Sold
$1,075,000 Sold Price as of 10/31/2019 Refinance Your Mortgage
Map preview of 320 N Clark St, Orange, CA 92868

Property Overview: 320 N Clark St Orange, CA has 6 bedrooms, 3 bathrooms, 2,620 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 320 and 322 N Clark St! Located in Old Towne Orange, get the income of a 4 unit property with the low maintenance of having only 2 with over a 6.7% cap rate! 2 separate large units separated by 2 garages (no common walls between the units) on a lot with incredible income that has been producing for over 3 years! 322 N Clark is a 4 Bedroom, 2 bathroom home that has recently been remodeled with new kitchen cabinets and quartz countertops. Tenant signed a 1 year lease June 1 at $3,995/month. Included inside the unit is washer/dryer hookup as well. 320 N Clark is a 2 bedroom, 1 bath unit renting for $2150/month. Each unit is separately metered for gas and electric. Brand new pex plumbing, newer laminate floors well as dual pane windows. Artificial turf for low maintenance. This is a cash cow and an opportunity not to be missed! Please do not disturb tenants.

Listed by Ben Hecht | BRE #01878319 | BD Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1961
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19154657
City
Orange
County
Orange
Time on Site
1379 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,740
  • Net Operating Income: $69,590
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,150
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $492
  • Cable TV: $0
  • Gardener: $600
  • Insurance: $622
  • Maintenance: $1,200
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $1,236

Property Details for 320 N Clark St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 38644111
  • Year Built Source: Appraiser
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: North of Palm Ave, East of Batavia
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Orange Agent

Sale History for 320 N Clark St

Last sold for $1,075,000 on October 31st, 2019

  • November, 2019

  • Nov 1, 2019

    Date

    Sold

    CRMLS: PW19154657

    $1,075,000

    Price

  • Oct 31, 2019

    Date

    Pending

    CRMLS: PW19154657

    $1,085,000

    Price

  • Sep 17, 2019

    Date

    Active Under Contract

    CRMLS: PW19154657

    $1,085,000

    Price

  • Sep 12, 2019

    Date

    Price Change

    CRMLS: PW19154657

    $1,085,000

    Price

  • Aug 16, 2019

    Date

    Price Change

    CRMLS: PW19154657

    $1,099,999

    Price

  • Jul 2, 2019

    Date

    Active

    CRMLS: PW19154657

    $1,150,000

    Price

  • October, 2019

  • Oct 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,075,000

    Price

  • July, 2016

  • Jul 21, 2016

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • May, 2016

  • May 31, 2016

    Date

    Price Change

    CRMLS: OC16115687

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Great duplex by Chapman College & Old Town Orange shopping area. Front unit is a 2 bed,1 bath; & the back unit is larger with 2 bed. 2 bath with a large family room & a smaller room that could be an office, baby's room or what ever. Back unit also has a good size fenced back yard. Both units have a single car garage with a long driveway. This is a great rental area in a quiet neighborhood. Easy access to the freeways, like the 5, 22, 55, & the 57 that are near by. Location, Location!!!!!!! Sellers to do a 1031 exchange @ no extra costs to the buyers.

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Tax History for 320 N Clark St

Assessed Value (2020): $1,075,000
Year Land Value Improved Value Assessed Value
2020 $988,450 $86,550 $1,075,000

Home Value Compared to the Market

This property vs the competition

320 N Clark St sold on October 31, 2019 for 4.83% higher than the current median sold price for the city of Orange which is $1,035,000. The median sold price per/sqft for Orange is $596 and this home is sold at $414.12 per/sqft which puts the price per square foot 30.52% lower than the current median sale per square foot for the city of Orange.

About 320 N Clark St

Detailed summary of property

320 N Clark St is a multi family that recently sold in Orange, CA 92868. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,620 living square feet, and sits on an approximately 7,405 square foot lot. 320 N Clark St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,075,000. Home in Orange are selling for a median price of $1,035,000 and a median price per square foot of $596. Based on Ardent Real Estate Group's Orange Market Data, this home is sold 4.83% higher than the current median priced home. Local homes that are currently for sale include 13931 Leffingwell Rd, 13976 Coteau Dr and 12213 Firestone Blvd. While the average home in Orange, CA is selling in 42 days, 320 N Clark St has a days on market of 77 days. There are currently 156 homes for sale in the Orange real estate market and 122 of them are single family homes while 27 of them are condos and 7 are townhomes. For more information on this home for sale at 320 N Clark St Orange, CA 92868 contact Ardent Real Estate Group and we will put you in touch with one of our Orange agents.

Public Facts for 320 N Clark St

Public county record property details
Beds
2
Baths
1
Year built
1961
Sq. Ft.
900
Lot Size
7,786
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
28
APN
386-441-11

The source for these homes facts are from public records.

92868 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$779,900
Median List Price/Sq.Ft.
$591
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
9
Median Sale to List Price %
102.61%
Avg Days on Market
11
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (33.33%), Other (16.67%)

Thinking of Selling?

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Recently Sold Homes Near 320 N Clark St

340 N Clark St, Orange, CA 92868
$746,000 Last Sold Price
4 Beds
2 Baths
1800 Sq.Ft.
340 N Clark St
Orange, CA 92868
266 N Clark St, Orange, CA 92868
$750,000 Last Sold Price
4 Beds
2 Baths
1800 Sq.Ft.
266 N Clark St
Orange, CA 92868
302 N Batavia St, Orange, CA 92868
$3,150,000 Last Sold Price
16 Beds
8 Baths
6642 Sq.Ft.
302 N Batavia St
Orange, CA 92868
236 N Clark St, Orange, CA 92868
$737,500 Last Sold Price
4 Beds
2 Baths
1816 Sq.Ft.
236 N Clark St
Orange, CA 92868

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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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