Movoto Real Estate
Sold on 09/14/2021
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311 S Orange Ave, Brea, CA 92821

$987,500

Last sold 09/14/2021 for $820K

  • —

    bed

  • —

    bath

  • 1,746

    Sqft ($470/Sqft)

Multi-family not for sale

About 311 S Orange Ave

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
Incredible “Once in a lifetime opportunity” to get the type of property EVERYONE is looking for… TWO ON A LOT! These TWO SINGLE FAMILY RESIDENCES on ONE lot, not only bring incredible income potential for years to come but also are in nice rental condition, being freshly painted inside and outside and have been recently upgraded. Starts with twin Palm trees greeting your walkway then into flower lined planters and a lush front lawn, more palm trees accenting the front, all highlighting the gorgeous curb appeal of this lovely Spanish architecture home. Beautiful sitting front porch and dual French doors near the entry with a majestic picture window then into the spacious living room with vintage hardwood floors, arched doorway accents all around, wall AC unit, all anchored by a beautiful brick fireplace. Don’t forget the extra-large formal dining room with French doors to the front sitting porch. The extra spacious kitchen has a brand-new GE four burner range, large pantry and an abundance of counter and cabinet space, even has a quaint breakfast nook that could be used as a third bedroom. Large interior laundry room with utility cabinets. Bathroom is very spacious with a shower over tub combination with tiled shower walls and newer fixtures even has a built-in medicine cabinet. A wall of linen closets and drawers is at the end of the hallway and both bedrooms are very spacious and light and bright with their own walk-in closets and dressers built-in. An extra-large backyard between the two homes can be used by either tenants with a detached garage and block wall fencing. Back house is one bedroom, one bath and has brand new flooring vinyl plank, wall air conditioning unit, a brand new GE4 burner range, inside laundry room off kitchen with wash basin and lots of utility cabinets above. Spacious kitchen also has the beautiful new vinyl plank flooring, new GE four burner range and stainless steel vented hood. A wall of Built-in linen closets and drawers at the end of the hallway. Bathroom has a shower over tub combo, pedestal sink and newer toilet and bedroom is extra spacious. Back unit has its own driveway with room for two cars, and an oversized shed for extra storage. A Rare opportunity!
Listed by
Listing Agent - Ron Arnold
Listing Office - Keller Williams Realty
Source: CRMLS mls logo
MLS#PW21175136 • last updated 5 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style One
SubType Duplex
Status Closed
Lot Size (Acres) 0.16
Lot Size (SqFt) 6970
Year Built 1929
Interior
Appliances Gas Range
Window Features Wood Frames
Exterior
Building Area Square Feet, 1746
Parking Driveway, Garage
# Parking Spaces 1
# Garage Spaces 1
Other Structures Two On A Lot
Lot Description Rectangular Lot, Yard
Amenities / Utilities
Fireplaces Living Room, Masonry
Sewer/ Septic Sewer Paid
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Orange
Community Features Sidewalks, Street Lights, Suburban
Subdivision Other, Other (OTHR)
Directions Imperial And Brea Blvd
APN 28423318
Multifamily Details
Operating Expense 7024
Cap Rate 5.98
Expense: Insurance 1163
Total Expenses 7024
Expense: Water/ Sewer 2102
Gross Income 51900
Gross Operating Income 51900
Gross Scheduled Income 51900
Expense: Gardener 1040
$987K
Range: $885K-$1.08M
Last 30 days 
Rental est.: $1,765/month
Gross rent multiplier: 38.7
  • Sep 2021
    Public Records
  • Sep 14, 2021 Sold
    $820,000
  • Sep 2021
    mls logo MLS # PW21175136
  • Sep 14, 2021 Sold
    $820,000 (+9.3%)
  • Aug 23, 2021 Pending
    —
  • Aug 9, 2021 Listed
    $750,000
  • Year Property taxes Tax assessment
  • 2024
    $9,891 +2.8%
    $853,128 +2.0%
  • 2023
    $9,619 +0.9%
    $836,400
  • 2022
    $9,529 +769.8%
    $836,400 +1445.8%
  • 2021
    $1,096 +0.9%
    $54,108 +1.03%
  • 2020
    $1,086 +1.6%
    $53,554 +2.0%
  • 2019
    $1,069 +3.1%
    $52,504 +2.0%
  • 2017
    $1,038 +1.6%
    $51,475 +4.04%
  • 2016
    $1,021 +1.5%
    $49,477
  • 2015
    $1,006
    —
  • 311 S Orange Ave
    $820K
  • Downtown Brea
    $999K +46% y/y
  • 92821
    $990K +10% y/y
  • Brea
    $990K +10% y/y
No chart available
Statistics calculated by Movoto

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5/10
Laurel Elementary School
public Grades K-6
Brea-Olinda Unified School District
7/10
Brea Junior High School
public Grades 7-8
Brea-Olinda Unified School District
8/10
Brea-Olinda High School
public Grades 9-12
Brea-Olinda Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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