579 N Olive St, Orange, CA 92867
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579 N Olive St Orange, CA 92867

$1,600,000 Sold Price as of 08/11/2023
  • 6 Beds
  • 2.25 Baths
  • 2,000 Sq.Ft.
Sold
$1,600,000 Sold Price as of 08/11/2023 Refinance Your Mortgage

Map preview of 579 N Olive St, Orange, CA 92867

Property Overview: 579 N Olive St Orange, CA has 6 bedrooms, 2.25 bathrooms, 2,000 living square feet and 6,756 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This TWO ON A LOT property is a rare find for INVESTORS and Move-In BUYERS looking to generate income while living in their home. Interested in a multi-gen living? There are endless possibilities that will work! Situated in the heart of Old Towne Orange and 1 block to the esteemed Chapman University Campus this property offers a prime location. The Back House (579) features a large living area, 4 spacious bedrooms and 2 fully remodeled bathrooms. An updated kitchen with plenty of counter space, opens to a separate dining area with beautiful French doors allowing for an abundance of natural light. The ample sized laundry area, (washer/dryer included), completes the interior of the home. Adjacent to the house is your 1-car garage and separate workshop/utility room, great for storage or your DIY projects. Additional highlights include: Shutters through-out, crown molding, ceiling fans through-out, tile and laminate flooring, new roof, new HVAC. SEE AMENITIES LIST for all upgrades and enhancements. The adorable, single level front house (581) is connected with a long driveway and carport. A grassy front yard welcomes you into a generous sized living area and opens to the kitchen with eat-in dining and full-size laundry, (washer/dryer include). This cottage style home features 2 sizeable bedrooms and 1 fully remodeled bathroom. Updated 'stand-outs' include: Plantation shutters, dual pane windows, tile flooring through-out, ceiling fans and 2 newly added mini-split systems. The charming OTO and vibrant Orange Circle offers amazing restaurants, shopping, and entertainment. Close to Disneyland, Honda Center and the newly planned Anaheim mega project, The OC Vibe. For additional upgrades and offer details, please refer to the supplement section. An opportunity you don’t want to miss!!

Listed by Jackie D' Andrea | BRE #01112086 | BHHS CA Properties
Last checked: 13 minutes ago | Last updated: August 12th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,756
HOA Dues
$0/mo
Year built
1906
Garage
1 Car
Property Type:
Duplex
Status
Sold
MLS#
PW23117630
City
Orange
County
Orange
Time on Site
321 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # 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
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.74%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $96,000
  • Net Operating Income: $80,600
  • Gross Operating Income: $96,000
  • Other Income Description: Pro forma
Annual Expense Breakdown
  • Total Operating Expense: $15,400
  • New Taxes: $11,443
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,500
  • Maintenance: $1,000
  • Water/Sewer: $0
  • Other Expenses: $250
  • Other Expense Description: Misc

Virtual Tour

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Property Details for 579 N Olive St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, See Remarks
Heating Information
  • Has Heating
  • Floor Furnace, See Remarks
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range, Gas Water Heater, Refrigerator, Tankless Water Heater, Water Heater
Interior Features
  • Ceiling Fan(s), Crown Molding, Formica Counters, Unfurnished
  • Levels: One
  • Window Features: Double Pane Windows, Screens, Shutters
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: French Doors
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Rain Gutters
  • Has Fence
  • Block
  • Other Structures: Workshop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: Front Yard, Lawn, Lot 6500-9999, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 03913303
  • Year Built Source: Assessor
  • Architectural Style: Cottage, Traditional
  • Entry Level: 1
  • Foundation Details: Raised, Slab
  • Property is not Attached
  • Accessibility Features: None
  • Offered With Property: Kitchen refrigerators, Washer/Dryers in both units (579 & 581)
  • Property Condition: Updated/Remodeled
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: Buyer to Verify, Unknown
Location / Neighborhood
Location Information
  • Directions: Off Glassell, between Rose and Walnut
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Orange Agent

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Sale History for 579 N Olive St

Last sold for $1,600,000 on August 11th, 2023
  • August, 2023

  • Aug 11, 2023

    Date

    Sold

    CRMLS: PW23116726

    $1,600,000

    Price

  • Jun 30, 2023

    Date

    Active

    CRMLS: PW23116726

    $1,699,900

    Price

  • Listing provided courtesy of CRMLS

    This TWO ON A LOT property is a rare find for INVESTORS AND BUYERS alike. Looking for a multi-gen home? How about earning rental income while living in your home? For INVESTORS and Move-In BUYERS this is an opportunity with endless possibilities. Situated in the heart of Old Towne Orange and 1 block to the esteemed Chapman University Campus this property offers prime location. The Back House (579) features a large living area, 4 spacious bedrooms and 2 fully remodeled bathrooms. An updated kitchen with plenty of counter space, opens to a separate dining area with beautiful French doors allowing for an abundance of natural light. The ample sized laundry area, (washer/dryer included), completes the interior of the home. Adjacent to the house is your 1-car garage and separate workshop/utility room, great for storage or your DIY projects. Additional highlights include: Shutters through-out, crown molding, ceiling fans through-out, tile and laminate flooring, new roof, new HVAC. SEE AMENITIES LIST for all upgrades and enhancements. The adorable, single level front house (581) is connected with a long driveway and carport. A grassy front yard welcomes you into a generous sized living area and opens to the kitchen with eat-in dining and full-size laundry, (washer/dryer include). This cottage style home features 2 sizeable bedrooms and 1 fully remodeled bathroom. Updated 'stand-outs' include: Plantation shutters, dual pane windows, tankless water heater, tile flooring through-out, ceiling fans and 2 newly added mini-split systems. The charming OTO and vibrant Orange Circle offers amazing restaurants, shopping, and entertainment. Close to Disneyland, Honda Center and the newly planned Anaheim mega project, The OC Vibe. For additional upgrades and offer details, please refer to the supplement section. An opportunity you don’t want to miss!!

  • August, 2023

  • Aug 11, 2023

    Date

    Sold

    CRMLS: PW23117630

    $1,600,000

    Price

  • Jun 30, 2023

    Date

    Active

    CRMLS: PW23117630

    $1,699,900

    Price

  • August, 2021

  • Aug 31, 2021

    Date

    Leased

    CRMLS: PW21171665

    $2,500

    Price

  • Aug 18, 2021

    Date

    Hold

    CRMLS: PW21171665

    $2,500

    Price

  • Aug 6, 2021

    Date

    Active

    CRMLS: PW21171665

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Located in the heart of Old Town Orange and within walking distance to Chapman University and the Orange circle, this one level, bungalow style home is an ideal leasing opportunity. A private front yard entrance welcomes you to this charming home featuring 2 spacious bedrooms and 1 remodeled bath. With approximately 750 sq.ft the home offers a large living area, ample size kitchen and generous counter space with an eat-in area. There is a 1 car covered carport and plenty of street parking. Additional highlights include: Ceiling fans, crown molding, tankless water heater, newer windows, plantation shutters, tile flooring though-out, and 2 mini split AC and Heating units. The kitchen refrigerator and interior washer/dryer are included in the lease. (No warranties). This home is the front house of 2 on a lot. (Back house also for lease MLS PW21171649). Utilities are separately metered. Centrally located to shopping, freeways (55,22,57,91), train station, and parks… THIS IS A MUST SEE!

  • August, 2021

  • Aug 25, 2021

    Date

    Leased

    CRMLS: PW21171649

    $4,500

    Price

  • Aug 23, 2021

    Date

    Hold

    CRMLS: PW21171649

    $4,500

    Price

  • Aug 6, 2021

    Date

    Active

    CRMLS: PW21171649

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Located in the heart of Old Town Orange and within walking distance to Chapman University and the Orange circle, this one level, ranch style home is an ideal leasing opportunity. One of two homes situated on the lot, the back house features 4 good size bedrooms and 2 remodeled bathrooms. With approximately 1300 sq.ft the home offers a spacious living area, a large kitchen with generous counter space and good storage, a separate eating area with French doors to the outside, interior utility room with sink and washer/dryer… plus an outdoor patio area. There is a 1 car detached garage included in the lease, an extended drive-way, and plenty of street parking. Additional highlights include: Ceiling fans in all rooms, crown molding, plantation shutters, hard surface flooring though-out and central AC/heating. The kitchen refrigerator and interior washer/dryer are included in the lease. (No warranties). Utilities are separately metered from the front house. Centrally located to shopping, freeways (55,22,57,91), train station, and parks… THIS IS A MUST SEE! (Front house also for lease MLS PW21171665)

  • April, 2021

  • Apr 29, 2021

    Date

    Sold

    CRMLS: PW21051923

    $1,015,000

    Price

  • Apr 2, 2021

    Date

    Active Under Contract

    CRMLS: PW21051923

    $995,000

    Price

  • Mar 12, 2021

    Date

    Active

    CRMLS: PW21051923

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    1 BLOCK NORTH OF OLD TOWNE,1 BLOCK WEST OF GLASSELL, CLOSE TO CHAPMAN UNIVERSITY, PARK AND THE PLAZA. TWO HOUSES ON ONE LOT IN A HIGH DEMAND RENTAL AREA. FRONT UNIT (581) IS A 2 BEDROOM 1 BATH INCLUDING WASHER/DRYER, ALL KITCHEN APPLIANCES, AND NEWER CABINETS. THERE IS A FENCED FRONT YARD, CARPORT. INDIRECT LIGHTING, PLANTATION SHUTTERS, TILE FLOORS, CEILING FANS. AND ENERGY EFFICIENT TANKLESS HOT WATER HEATER. THE REAR HOUSE (579) INCLUDES 4 BEDROOMS AND 2 BATHS. WITH A COVERED PORCH THAT LEADS TO A LARGE LIVING ROOM WITH WOOD LAMINATE FLOORS, REMODELED BATHS. THE KITCHEN HAS AN EATING AREA AND INCLUDES THE REFRIGERATOR. BEDROOMS WITH PLANTATION SHUTTERS, CEILING FANS, CROWN MOLDING. CENTRAL HEATING AND AN OVERSIZED 1 CAR GARAGE. THESE HOMES ARE READY TO RENT, LIVE IN ONE AND RENT THE OTHER! "HOME IS BEING SOLD AS IS"

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Tax History for 579 N Olive St

Assessed Value (2020): $79,381
Year Land Value Improved Value Assessed Value
2020 $25,659 $53,722 $79,381

Home Value Compared to the Market

This property vs the competition

579 N Olive St sold on August 11, 2023 for 61.9% 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 $849.95 per/sqft which puts the price per square foot 39.11% higher than the current median sale per square foot for the city of Orange.

About 579 N Olive St

Detailed summary of property

579 N Olive St is a duplex that recently sold in Orange, CA 92867. This duplex offered 6 bedrooms, 2.25 bathrooms, roughly 2,000 living square feet, and sits on an approximately 6,756 square foot lot. 579 N Olive St was first listed on ArdentRealEstateGroup.com on July 1, 2023. The homeowner sold the property for $1,600,000. 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 61.9% higher than the current median priced home. Local homes that are currently for sale include 1556 E Benmore Ln, 301 E Mills Dr and 1122 W Broadway. While the average home in Orange, CA is selling in 44 days, 579 N Olive St has a days on market of 11 days. There are currently 159 homes for sale in the Orange real estate market and 125 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 579 N Olive St Orange, CA 92867 contact Ardent Real Estate Group and we will put you in touch with one of our Orange agents.

Public Facts for 579 N Olive St

Public county record property details
Beds
4
Baths
2
Year built
1906
Sq. Ft.
1,286
Lot Size
6,754
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
11
APN
039-133-03

The source for these homes facts are from public records.

92867 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,378,000
Median List Price/Sq.Ft.
$590
Median Sold Price
$1,175,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
47
Median Sale to List Price %
102.26%
Avg Days on Market
31
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (31.25%), Other (12.5%)

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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.