1554 Orchard Drive

Newport Beach, CA 92660

$1,595,000
Price
3
Beds
2
Baths
1,592 Sq. Ft.
$1,002 / Sq. Ft.
1,592
Sq. Ft.
$1,002
per Sq. Ft.

Description

A rare developer opportunity! This remodeled single story duplex is situated on a flat lot in an excellent location in Newport Beach next to Santa Ana Country Club. Buyer has the option of building 2 units per lot approx. (7840 sq ft). Excellent long term tenants residing in the units currently. Low expenses and good income. RV parking. 1554 Orchard, NB is also for sale on a separate listing. The duplexes are contiguous and are being sold together.A rare developer opportunity! This remodeled single story duplex is situated on a flat lot in an excellent location in Newport Beach next to Santa Ana Country Club. Buyer has the option of building 2 units per lot approx. (7840 sq ft). Excellent long term tenants residing in the units currently. Low expenses and good income. RV parking. 1554 Orchard, NB is also for sale on a separate listing. The duplexes are contiguous and are being sold together.
  1. Listed by Gary Sully • DRE #01095171 • Brokerage DRE #02087936 • The Sully Group • 714-404-5252
  2. Listed by Leah Sully • DRE #01976531 • Brokerage DRE #02087936 • The Sully Group

Property Details for 1554 Orchard Drive

View
None
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Appraiser
Living Area
1592

Location

Listing Courtesy of The Sully Group, Gary Sully, DRE #01095171; The Sully Group, Leah Sully, DRE #01976531
Add your commute
LISTING UPDATED: 04/23/2024 01:13 PM

Property Details for 1554 Orchard Drive

StatusActive
MLS #OC24060749
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Location

Listing Courtesy of The Sully Group, Gary Sully, DRE #01095171; The Sully Group, Leah Sully, DRE #01976531
Add your commute

Building Information for 1554 Orchard Drive

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$9,558 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$853

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1554 Orchard Drive

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $4,800
  • Gross Scheduled Income: $64,800
  • Gross Spendable Income: $0
  • Vacancy Allowance: 0
  • Gross Operating Income: $0
  • Net Operating Income: $50,600
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Gross Multiplier: 26.15
  • Cap Rate: 3.0
  • Current Financing: None
Expense Details
  • Operating Expense: $14,200
  • New Taxes Expense: $0
  • Gardener Expense: $1,200
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,400
  • Maintenance Expense: $0
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $8,000
  • Other Expense Description: prop tax
  • Trash Expense: $1,200
  • Water Sewer Expense: $2,400
  • Supplies Expense: $0
  • Total Expenses: $14,200
Tax / Assessment Info
  • Tax Tract Number: 456
  • Tax Census Tract: 631.01
  • CFD/Mello-Roos Fee: $1,285
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Golf
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven, Microwave, Water Heater
  • Equipment: Dishwasher, Gas Dryer Hookup, Microwave, Outside, Washer Hookup
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Block, Wood
  • Foundation Details: Slab
  • Property Condition: Additions/Alterations, Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Lawn, Level, Yard
  • Number Of Units: 2
  • Improvements Amount: $.00
  • Land Lease: No
  • Land Lease Type: Fee
  • Land Value: $.00
  • Levels: One
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Electric: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage, RV Access
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Asphalt, Driveway Level, Garage, RV Access/Parking
Property / Structure Info
  • Builders Tract Name: Santa Ana Heights Residential
  • Builders Tract Code: Santa Ana Heights Residential (SAHR)
  • Personal Property Amount: $.00
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $31,800
  • Unit Type Pro Forma: 36000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $33,000
  • Unit Type Pro Forma: 36000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Number With Carpet: 0
  • Number With Disposal: 1
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 0

Property History for 1554 Orchard Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1554 Orchard Drive

Taxable ValueLand$795,472Additions$57,898Total$853,370
Tax Record2023$10,231 ($853 / month)
Home Facts
Total Finished SqFt1,311 SqFtAbove Grade Finished SqFt1,311 SqFtLot Size7,514 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962CountyORANGEAPN439-241-15

Schools near 1554 Orchard Drive

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Woodland Elementary School
PublicK to 2

Heinz Kaiser Elementary School
Public3 to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1554 Orchard Drive is a multi-family home for sale in Newport Beach, CA 92660. This property was listed for sale on April 2, 2024 by The Sully Group, it's currently listed at $1,595,000. It has been on the market for a total of 28 days and was last sold on September 23, 2015. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Woodland Elementary School, Heinz Kaiser Elementary School and Horace Ensign Intermediate School. 1554 Orchard Drive is a 3-bed, 2-bath, 1,592 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Sully Group, Gary Sully, DRE #01095171; The Sully Group, Leah Sully, DRE #01976531

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.