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850 N Adele St, Orange, CA 92867
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850 N Adele St Orange, CA 92867

$1,370,000 Sold Price as of 11/05/2019
  • 9 Beds
  • 11 Baths
  • 4,414 Sq.Ft.
Sold
$1,370,000 Sold Price as of 11/05/2019 Refinance Your Mortgage
Map preview of 850 N Adele St, Orange, CA 92867

Property Overview: 850 N Adele St Orange, CA has 9 bedrooms, 11 bathrooms, 4,414 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Fourplex in a good conforming neighborhood! It is located near the 55 freeway and E Collins Ave. Three of the 4 units have private fenced in patio areas great for relaxing or to entertain. Laundry area available to all tenants. Unit Mix for this property consists of (1) 3 bedroom two and one half bath with access to 2 car garage, (1) 2 bedroom two and one half bath with access to 2 car garage, and 2 units consisting of two bedroom 2 bath with access to 1 carport space each. Minutes away from El Modena Park, beautiful Grijalva Park, and esteemed Chapman University. Villa Park school district. Good Opportunity to own 2 fourplexes right next to each other. 860 N Adele St next door is also For Sale by the same owner.

Listed by Christopher Combs | BRE #01930012 | Gorman & Associates
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1969
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19235240
City
Orange
County
Orange
Time on Site
1522 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: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,135
  • Total Rent: $2,135
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,765
  • Total Rent: $1,765
  • Pro Forma/Market Rent: $1,825
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,765
  • Total Rent: $1,765
  • Pro Forma/Market Rent: $1,825
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,720
  • Total Rent: $1,720
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 15.8
  • Gross Scheduled Income: $88,620
  • Net Operating Income: $56,188
  • Gross Operating Income: $84,189
  • Vacancy Allowance: $4,431
  • Gross Spendable Income: $88,620
Annual Expense Breakdown
  • Total Operating Expense: $28,001
  • Electric: $475
  • Gas/Fuel: $574
  • New Taxes: $15,400
  • Trash: $653
  • Gardener: $1,500
  • Insurance: $1,545
  • Maintenance: $5,000
  • Water/Sewer: $2,854

Property Details for 850 N Adele St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 38317512
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: E Collins to N Kathleen right on E Lomita then right onto Adele
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Orange Agent

Sale History for 850 N Adele St

Last sold on November 25th, 2019

  • November, 2019

  • Nov 25, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2019

  • Nov 7, 2019

    Date

    Sold

    CRMLS: PW19235240

    $1,370,000

    Price

  • Oct 26, 2019

    Date

    Active Under Contract

    CRMLS: PW19235240

    $1,400,000

    Price

  • Oct 4, 2019

    Date

    Active

    CRMLS: PW19235240

    $1,400,000

    Price

Show More

Tax History for 850 N Adele St

Assessed Value (2020): $1,370,000
Year Land Value Improved Value Assessed Value
2020 $1,055,000 $315,000 $1,370,000

Home Value Compared to the Market

This property vs the competition

850 N Adele St sold on November 5, 2019 for 32.7% higher than the current median sold price for the city of Orange which is $1,055,000. The median sold price per/sqft for Orange is $642 and this home is sold at $317.17 per/sqft which puts the price per square foot 50.6% lower than the current median sale per square foot for the city of Orange.

About 850 N Adele St

Detailed summary of property

850 N Adele St is a multi family that recently sold in Orange, CA 92867. This multi family property offered 9 bedrooms, 11 bathrooms, roughly 4,414 living square feet, and sits on an approximately 8,276 square foot lot. 850 N Adele St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,370,000. Home in Orange are selling for a median price of $1,055,000 and a median price per square foot of $642. Based on Ardent Real Estate Group's Orange Market Data, this home is sold 32.7% higher than the current median priced home. Local homes that are currently for sale include 127 E Union Ave, 1827 W Gramercy Ave and 2163 W Brownwood Ave. While the average home in Orange, CA is selling in 48 days, 850 N Adele St has a days on market of 22 days. There are currently 217 homes for sale in the Orange real estate market and 172 of them are single family homes while 34 of them are condos and 11 are townhomes. For more information on this home for sale at 850 N Adele 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 850 N Adele St

Public county record property details
Beds
--
Baths
--
Year built
1969
Sq. Ft.
4,414
Lot Size
8,915
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
28
APN
383-175-12

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
$1,289,000
Median List Price/Sq.Ft.
$631
Median Sold Price
$1,205,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
60
Median Sale to List Price %
100.43%
Avg Days on Market
27
Loan Type
Conventional (45.83%), FHA (4.17%), VA (0%), Cash (37.5%), Other (12.5%)

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Recently Sold Homes Near 850 N Adele St

860 N Adele St, Orange, CA 92867
$1,370,000 Last Sold Price
9 Beds
11 Baths
4414 Sq.Ft.
860 N Adele St
Orange, CA 92867
880 N Kathleen Ln, Orange, CA 92867
$1,890,000 Last Sold Price
9 Beds
9 Baths
4414 Sq.Ft.
880 N Kathleen Ln
Orange, CA 92867
820 N Kathleen Ln, Orange, CA 92867
$1,397,400 Last Sold Price
9 Beds
11 Baths
4499 Sq.Ft.
820 N Kathleen Ln
Orange, CA 92867
790 N Kathleen Ln, Orange, CA 92867
$1,725,000 Last Sold Price
9 Beds
9 Baths
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790 N Kathleen Ln
Orange, CA 92867

Related Resources to 850 N Adele 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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