705 East Walnut Avenue

Orange, CA 92867

$1,300,000
Price
4
Beds
2
Baths
1,888 Sq. Ft.
$689 / Sq. Ft.
1,888
Sq. Ft.
$689
per Sq. Ft.

Description

Welcome to 705 E. Walnut Avenue, a Single Level Duplex Located Just Blocks from Chapman University and Old Town Orange. Each Unit is Two Bedroom/One Bathroom and approximately 944 Square Feet. Conveniently Located Indoor Laundry for Each Unit. Each Unit Has a Large Yard Showcasing Water Saving Landscaping and Automatic Sprinkler System. One Detached Three Car Garage Along With Three Additional Driveway Parking Spaces. Each Unit Has Separate Electric Meters. This is the Perfect Investment Property...Welcome to 705 E. Walnut Avenue, a Single Level Duplex Located Just Blocks from Chapman University and Old Town Orange. Each Unit is Two Bedroom/One Bathroom and approximately 944 Square Feet. Conveniently Located Indoor Laundry for Each Unit. Each Unit Has a Large Yard Showcasing Water Saving Landscaping and Automatic Sprinkler System. One Detached Three Car Garage Along With Three Additional Driveway Parking Spaces. Each Unit Has Separate Electric Meters. This is the Perfect Investment Property Given the Proximity to Chapman University, Old Town Orange, Orange Train Station, and Freeway Access. Do Not Miss Out on 705 E. Walnut Avenue! The Home Is Drive By Only For The Time Being.
  1. Listed by Jon Lee • DRE #01956483 • Brokerage DRE #00833875 • Camelot West Residential
  2. Listed by Jennifer Esser • DRE #00833875 • Brokerage DRE #00833875 • Camelot West Residential

Property Details for 705 East Walnut Avenue

Parking Spaces Total
5
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1888
Assessor Parcel Number
386-231-13

Location

Listing Courtesy of Camelot West Residential, Jon Lee, DRE #01956483; Camelot West Residential, Jennifer Esser, DRE #00833875
Add your commute
LISTING UPDATED: 04/12/2024 11:21 PM

Property Details for 705 East Walnut Avenue

StatusActive
MLS #PW24069273
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.14 AC / 6,098 SF
CountyOrange County

Location

Listing Courtesy of Camelot West Residential, Jon Lee, DRE #01956483; Camelot West Residential, Jennifer Esser, DRE #00833875
Add your commute

Building Information for 705 East Walnut Avenue

Stories1Residences-Year Built1927Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$7,971 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$876

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 705 East Walnut Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $64,800
  • Gross Scheduled Income: $64,800
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $62,856
  • Net Operating Income: $42,742
  • Cap Rate: 3.3
Expense Details
  • Operating Expense: $17,429
  • New Taxes Expense: $13,500
  • Gardener Expense: $1,320
  • Fuel Expense: $0
  • Insurance Expense: $1,319
  • Trash Expense: $420
  • Water Sewer Expense: $870
  • Total Expenses: $17,429
Tax / Assessment Info
  • Tax Tract Number: 621
  • Tax Census Tract: 762.05
  • CFD/Mello-Roos Fee: $527
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Beamed Ceilings
  • Room Type: All Bedrooms Down, Entry, Family Room, Kitchen, Main Floor Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: In Kitchen, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Landscaped, Lawn
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 705 East Walnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 705 East Walnut Avenue

Taxable ValueLand$886,636Additions$59,367Total$946,003
Tax Record2023$10,512 ($876 / month)
Home Facts
Total Finished SqFt1,888 SqFtAbove Grade Finished SqFt1,888 SqFtStories2Lot Size6,252 SqFtStyleDuplexYear Built1927CountyORANGEAPN386-231-13

Schools near 705 East Walnut Avenue

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

Yorba Middle School
Public6 to 8

Orange High School
Public9 to 12

Richland Continuation 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

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705 East Walnut Avenue is a multi-family home for sale in Orange, CA 92867. This property was listed for sale on April 1, 2024 by Camelot West Residential, it's currently listed at $1,300,000. It has been on the market for a total of 18 days and was last sold on July 11, 2017. This listing's school district is Orange Unified School District. Nearby schools include Cambridge Elementary School, Yorba Middle School and Orange High School. 705 East Walnut Avenue is a 4-bed, 2-bath, 1,888 sqft multi-family home built in 1927.

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 Camelot West Residential, Jon Lee, DRE #01956483; Camelot West Residential, Jennifer Esser, DRE #00833875

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.