$1,425,000
$1,688,000
15.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
8,134 Sqft Lot
SOLD DATE : 11/04/2024
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24163383
Sold Date 11/04/24
Bedrooms 8
HOA Y/N No
Lot Size 8,134 Sqft
Property Description
A value-add investment opportunity located in the City of Orange. Each of the four units features 2 bedrooms and 1 baths, totaling 3,360 square feet." Property Overview: Given the property's location in the City of Orange, surrounded by multi-unit properties, residential homes, and retail stores, it seems well-positioned for rental income and property appreciation. Here are some factors to consider: Rental Income Potential High Demand for Rentals: Proximity to retail stores and residential areas often indicates a higher demand for rental properties. Tenants often prefer locations with easy access to shopping, dining, and other amenities. Rental Rates: Research the current rental rates in the area for similar properties. This will give you a good idea of the potential income you can generate. Occupancy Rates: Check the occupancy rates of similar properties in the vicinity. High occupancy rates are a positive indicator of strong rental demand. Property Appreciation Potential Location: The City of Orange is known for its charming neighborhoods and historic districts, which can contribute to property value appreciation over time.
A value-add investment opportunity located in the City of Orange. Each of the four units features 2 bedrooms and 1 baths, totaling 3,360 square feet." Property Overview: Given the property's location in the City of Orange, surrounded by multi-unit properties, residential homes, and retail stores, it seems well-positioned for rental income and property appreciation. Here are some factors to consider: Rental Income Potential High Demand for Rentals: Proximity to retail stores and residential areas often indicates a higher demand for rental properties. Tenants often prefer locations with easy access to shopping, dining, and other amenities. Rental Rates: Research the current rental rates in the area for similar properties. This will give you a good idea of the potential income you can generate. Occupancy Rates: Check the occupancy rates of similar properties in the vicinity. High occupancy rates are a positive indicator of strong rental demand. Property Appreciation Potential Location: The City of Orange is known for its charming neighborhoods and historic districts, which can contribute to property value appreciation over time.
Location
State CA
County Orange
Area Oc - Orange (92867)
Zoning Public Rec
Building
Lot Description Curbs
Story 1
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
Monthly Total Fees $86
Acceptable Financing Exchange
Space Rent $1,695
Listing Terms Exchange
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Bought with Ali Jahanshahi • Keller Williams Realty N. Tustin