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451 N Lemon St, Orange, CA 92866
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451 N Lemon St Orange, CA 92866

$2,100,000 Sold Price as of 04/07/2022
  • 14 Beds
  • 9 Baths
  • 6,804 Sq.Ft.
Sold
$2,100,000 Sold Price as of 04/07/2022 Refinance Your Mortgage
Map preview of 451 N Lemon St, Orange, CA 92866

Property Overview: 451 N Lemon St Orange, CA has 14 bedrooms, 9 bathrooms, 6,804 living square feet and 19,626 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this single-story 8 Unit Project-Based HUD apartment complex in the prime real estate location of Old Towne Orange. This property is located less than 2 blocks from Chapman University, and just 4 1/2 blocks from the Old Towne Circle. The complex boasts One (1) 3 Bed / 2 Bath, Four (4) 2 Bed / 1 Bath Units, and Three (3) 1 Bed / 1 Bath Units. There are a total of 11 parking spaces on-site, with 3 shared and each unit has a dedicated space, in addition, the entire roof was replaced in 2021. The units are on 19,626 Square Feet of land and have 6,804 Livable Square Feet. This is an opportunity you won't want to miss.

Listed by Daniel Gray | BRE #02011152 | First Team Real Estate
Last checked: 12 minutes ago | Last updated: April 8th, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
19,626
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
PW21234242
City
Orange
County
Orange
Time on Site
916 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 3
  • # of Leased Units: 7
  • # of Electric Meters: 8
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,327
  • Total Rent: $1,327
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,189
  • Total Rent: $1,189
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $1,189
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,079
  • Total Rent: $1,079
  • Pro Forma/Market Rent: $1,575
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,079
  • Total Rent: $1,079
  • Pro Forma/Market Rent: $1,575
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,189
  • Total Rent: $1,189
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,079
  • Total Rent: $1,079
  • Pro Forma/Market Rent: $1,575
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,189
  • Total Rent: $1,189
  • Pro Forma/Market Rent: $1,875
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.2%
  • Gross Rent Multiplier: 17.5
  • Gross Scheduled Income: $108,516
  • Net Operating Income: $67,008
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $41,508
  • Gas/Fuel: $0
  • Trash: $1,452
  • Insurance: $12,492
  • Professional Management: $9,747
  • Water/Sewer: $3,300

Property Details for 451 N Lemon St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Electric, Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Kitchen, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Vinyl
  • All Bedrooms Down, Kitchen, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Range Hood, Refrigerator, Water Heater
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Masonry, Wood, Wrought Iron
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Assigned, Carport, Asphalt, Guest
Lot Information
  • Lot Features: 6-10 Units/Acre, Landscaped, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls, End Unit, No One Above, No One Below
  • Total # of Units: 8
  • Parcel Number: 03914329
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is 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: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Walnut, north of Sycamore, on east side of Lemon.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Street Lights
View more facts & features

Local Orange Agent

Sale History for 451 N Lemon St

Last sold for $2,100,000 on April 7th, 2022

  • March, 2022

  • Mar 24, 2022

    Date

    Pending

    CRMLS: PW21234242

    $1,900,000

    Price

  • Nov 1, 2021

    Date

    Active

    CRMLS: PW21234242

    $1,900,000

    Price

Tax History for 451 N Lemon St

Assessed Value (2020): $208,405
Year Land Value Improved Value Assessed Value
2020 $74,387 $134,018 $208,405

Home Value Compared to the Market

This property vs the competition

451 N Lemon St sold on April 7, 2022 for 80.95% 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 $279.25 per/sqft which puts the price per square foot 54.3% lower than the current median sale per square foot for the city of Orange.

About 451 N Lemon St

Detailed summary of property

451 N Lemon St is a mixed use that recently sold in Orange, CA 92866. This mixed use property offered 14 bedrooms, 9 bathrooms, roughly 6,804 living square feet, and sits on an approximately 19,626 square foot lot. 451 N Lemon St was first listed on ArdentRealEstateGroup.com on November 1, 2021. The homeowner sold the property for $2,100,000. 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 80.95% higher than the current median priced home. Local homes that are currently for sale include 1126 Raymond Ave, 811 Gardenia Ave and 1535 E 4th St. While the average home in Orange, CA is selling in 44 days, 451 N Lemon St has a days on market of 9 days. There are currently 156 homes for sale in the Orange real estate market and 119 of them are single family homes while 30 of them are condos and 7 are townhomes. For more information on this home for sale at 451 N Lemon 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 451 N Lemon St

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
6,804
Lot Size
19,626
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
039-143-29

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.
$679
Median Sold Price
$1,050,000
Median Sold Price/Sq.Ft.
$616
Total Inventory
13
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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Related Resources to 451 N Lemon St

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Other Orange Resources

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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