$1,290,000
$1,395,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
9,583 Sqft Lot
SOLD DATE : 01/16/2023
Key Details
Sold Price $1,290,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22224639
Sold Date 01/16/23
Bedrooms 2
HOA Y/N No
Lot Size 9,583 Sqft
Property Description
This is an attractive, low-barrier-to-entry investment property, ideally located in a coveted area of North Orange County. The asset is located on a street with nearly all single family residences. All three units provide individual single-car garages, and there is a nice amount of private outdoor space. The street consists of only two multi-unit properties (this and one other). With charming curb-appeal up and down the streets, all single-story construction, and laundry connections inside each of the units, tenant turnovers are minimal and rental upside is higher than average. Market rents to produce more than $80,000 GSI.
This is an attractive, low-barrier-to-entry investment property, ideally located in a coveted area of North Orange County. The asset is located on a street with nearly all single family residences. All three units provide individual single-car garages, and there is a nice amount of private outdoor space. The street consists of only two multi-unit properties (this and one other). With charming curb-appeal up and down the streets, all single-story construction, and laundry connections inside each of the units, tenant turnovers are minimal and rental upside is higher than average. Market rents to produce more than $80,000 GSI.
Location
State CA
County Orange
Area Oc - La Habra (90631)
Zoning Public Rec
Building
Lot Description Curbs, Sidewalks
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $2
Acceptable Financing Cash, Exchange
Space Rent $5,105
Listing Terms Cash, Exchange
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Bought with General NONMEMBER • NONMEMBER MRML