18542 East Spring Street

Orange, CA 92869

$1,395,000
Last Sold Price
6
Beds
4
Baths
2,320 Sq. Ft.
$601 / Sq. Ft.
2,320
Sq. Ft.
$601
per Sq. Ft.

Description

Major price reduction of 100k! Hurry will not last! A fantastic opportunity to own an unique property in the heart of Orange County. The property features a single family home (18542 E. Spring St.) with 3 bedrooms and 2 bathrooms with an attached 2 car garage with direct access AND a brand new permitted 1,200 square foot Accessory Dwelling Unit (ADU) (18544 E. Spring St.) home that also features 3 large bedrooms and 2 full bathrooms. This is very ideal for an expanded family who want to live together...Major price reduction of 100k! Hurry will not last! A fantastic opportunity to own an unique property in the heart of Orange County. The property features a single family home (18542 E. Spring St.) with 3 bedrooms and 2 bathrooms with an attached 2 car garage with direct access AND a brand new permitted 1,200 square foot Accessory Dwelling Unit (ADU) (18544 E. Spring St.) home that also features 3 large bedrooms and 2 full bathrooms. This is very ideal for an expanded family who want to live together on one property (back house recently leased for 1 year), or a new homeowner who wants to live in either home and lease the other, or a seasoned investor who may want to lease both homes for great rental income. This property is situated in a prime location near schools, shopping areas, restaurants, parks and a quick drive to the 22, 55 and 5 freeways. The front house is a single story home recently remodeled from the ground up. The home includes a gourmet kitchen style with a grand island, quartz countertops, white shaker cabinets, and stainless steel appliances. The entire home includes newer tile flooring, interior paint, doors, bathrooms, fixtures, roof, windows, air conditioning system, exterior stucco, newly drywalled 2-car garage, and automatic irrigated landscaping. The second home was just completed and just leased to new tenants. It's a 2-story 3 bedroom 2 bathroom home with solar panels (paid off), a Central A/C and Heating system, a private front yard with crisp new landscaping with automatic irrigation, attached two car garage, and all appliances and features are brand new. Master bedroom occupies the entire first floor with a walk-in closet and large bathroom with the remaining two bedrooms, bathroom, living/dining area, and open kitchen on the second floor. The living/dining area is open to the kitchen, which includes white shaker cabinets and a walk-in pantry for extra storage. Both share access to a large and spacious driveway with a recently installed electrical gate. All utilities are separately metered so both homes will get separate power, gas, water, and refuse service and billing.
  1. Listed by YACOUB FARSAKH • DRE #01825139 • Brokerage DRE #01825139 • CENTRAL PACIFIC PROPERTIES

Property Details for 18542 East Spring Street

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2320

Location

Listing Courtesy of CENTRAL PACIFIC PROPERTIES, YACOUB FARSAKH, DRE #01825139

Sold By Maxim Real Estate Group Inc., Scott Stanford, DRE #01334507

Add your commute
LISTING UPDATED: 10/15/2021 09:49 AM

Property Details for 18542 East Spring Street

StatusClosed
MLS #IV21124230
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.14 AC / 6,275 SF
CountyOrange County

Location

Listing Courtesy of CENTRAL PACIFIC PROPERTIES, YACOUB FARSAKH, DRE #01825139

Sold By Maxim Real Estate Group Inc., Scott Stanford, DRE #01334507

Add your commute

Building Information for 18542 East Spring Street

Stories1Residences-Year Built1971Building Size-Lot Size0.14 AC / 6,275 SF

Payment Calculator

$8,918 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,613

Property Taxes

$1,305

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18542 East Spring Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $84,000
  • Net Operating Income: $65,555
  • Financing: Conventional
Expense Details
  • Operating Expense: $18,445
  • New Taxes Expense: $16,445
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $18,445
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 838
  • Tax Census Tract: 219.13
  • Tax Lot: 10
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Water Heater
  • Equipment: Dishwasher, Garage
  • Room Type: Great Room, Kitchen, Main Floor Bedroom, Master Bathroom, Master Bedroom
  • Bedroom Features: Main Floor Bedroom, Master Bedroom
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Tile
Exterior Features
  • Window Features: Blinds, Screens
  • Other Structures: Guest House, Guest House Detached, Second Garage, Two On A Lot
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Tennis Court: Guest House
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 18542 East Spring Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 18542 East Spring Street

Taxable ValueLand$1,172,324Additions$250,576Total$1,422,900
Tax Record2023$15,661 ($1,305 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories1Lot Size6,320 SqFtStyleSingle Family ResidenceYear Built1971CountyORANGEAPN093-101-07

Schools near 18542 East Spring Street

This home is within Orange Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Prospect Elementary School
PublicK to 6

Santiago Middle School
Charter7 to 8

El Modena High School
Public9 to 12

McPherson Magnet School
PublicK to 8

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

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Similar Sold Homes

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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 CENTRAL PACIFIC PROPERTIES, YACOUB FARSAKH, DRE #01825139

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.