Located in the heart of the highly sought-after city of Orange, this 20-unit apartment building presents a compelling investment proposition with significant upside potential in rental income. Comprising of 16 one-bedroom, one-bathroom units, and four spacious two-bedroom, one-bathroom units, this property caters to a wide range of tenant needs. 16 One-Bedroom, One-Bathroom Units: These well-appointed units provide comfortable living spaces for singles or couples, offering modern amenities and privacy. 4 Two-Bedroom, One-Bathroom Units: Designed for families or those desiring extra space, these units are highly attractive to a broader tenant base. This property boasts ample parking for residents with 16 garage parking spaces and an additional 6 surface parking spaces. The convenience of dedicated parking enhances tenant satisfaction and retention. The building has separate meters for electricity and a master meter for gas and water, creating the perfect foundation for implementing a Ratio Utility Billing System (RUBS) program. This opens the door to an additional revenue stream and allows for a more equitable distribution of utility costs among tenants. Situated in the thriving city of Orange, this apartment building enjoys a prime location within a highly desirable rental market. Orange is known for its vibrant community, excellent schools, and proximity to major employers, making it an attractive destination for both residents and investors alike.
Property Details
Property Features
Property Information:
Year Built: 1961
Stories: 2
Listing Office:
Office Name: Kirklen Investment Group
Office Phone: (949) 942-1302
Listing Agent: Jason Kirklen
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 20 spaces
Lot Features
Lot Information:
Lot Size: 0.42 Acres
School Info
Assigned Schools Information:
Orange High School, Public Magnet Grades 9-12
Yorba Middle School, Public Magnet Grades 6-8
California Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: 55 North, L East Katella, L Glassell, R Hoover
Price Information
Listing Price Info
Price Summary:
List Price: $6,390,000
Tax Information:
Annual Amount: $12,082
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Orange, CA.
This property is $5.4M more than the Median Sold Price in Orange, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24071998
Listing Office:
Office Name: Kirklen Investment Group
Office Phone: (949) 942-1302
Listing Agent: Jason Kirklen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 10:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 31, 1988
Mar 31, 1988Home Sold
$520,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,082
$919,545
2020
$11,966
$910,117
2019
$11,665
$892,272
2018
$11,665
$874,777
2017
$11,233
$857,625
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
California Elementary School
1080 N California St
Distance between this listing and this school0.75 miles
Public District Grades KG-6
Middle School
4
/10
Yorba Middle School
935 N Cambridge St
Distance between this listing and this school0.70 miles
Public Magnet Grades 6-8
High School
4
/10
Orange High School
525 N Shaffer St
Distance between this listing and this school0.83 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
California Elementary School
1080 N California St
Distance between this listing and this school0.75 miles
Public District Grades KG-6
Nearby Schools
4
/10
Taft Elementary School
1829 N Cambridge St
Distance between this listing and this school1.01 miles
Public District Grades KG-6
2
/10
Cambridge Elementary School
425 N Cambridge St
Distance between this listing and this school1.11 miles
Public District Grades KG-6
Assigned Schools
4
/10
Yorba Middle School
935 N Cambridge St
Distance between this listing and this school0.70 miles
Public Magnet Grades 6-8
Nearby Schools
4
/10
Portola Middle School
270 N Palm Dr
Distance between this listing and this school1.38 miles
Public Magnet Grades 6-8
5
/10
Cerro Villa Middle School
17852 Serrano Ave
Distance between this listing and this school2.22 miles
Public Magnet Grades 7-8
Assigned Schools
4
/10
Orange High School
525 N Shaffer St
Distance between this listing and this school0.83 miles
Public Magnet Grades 9-12
Nearby Schools
4
/10
Katella High School
2200 E Wagner Ave
Distance between this listing and this school2.16 miles
Public District Grades 9-12
6
/10
Villa Park High School
18042 Taft Ave
Distance between this listing and this school2.24 miles
The neighbors living near this home have an average income of $46,583. Typical income of Orange, CA residents is between $35k-100k annually. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 208 W Hoover Ave
What is the listing price of this property?
The listing price of 208 W Hoover Ave property is $6,390,000.
What type of property is this?
The property 208 W Hoover Ave is a condo located in Orange, California, 92867.
Is this property for sale now?
Active Listing: 208 W Hoover Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 208 W Hoover Ave are: California Elementary School: GreatSchools Rating 3/10Yorba Middle School: GreatSchools Rating 4/10Orange High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,082 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 31, 1988 for $520,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 208 W Hoover Ave is 1961.
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This home is located at 208 W Hoover Ave in Orange, CA and zip code 92867. This home, which was built in 1961, sits on a 0.42 acre lot. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $6,390,000.
In March 2024, from all listings sold in Orange, CA there were more than 29 sold above asking price, over 16 sold below and more than 14 were sold right at the asked price. The number of listings in Orange, CA decreased by 10.5% between February 2024 and March 2024. The median list price of listings available in March 2024 was $978,333, while the average time on the real estate market was 14 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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