$2,125,000
$2,300,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 01/06/2015
Key Details
Sold Price $2,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 14790519
Sold Date 01/06/15
HOA Y/N No
Year Built 1960
Lot Size 0.400 Acres
Property Description
Rare opportunity to own a carefully maintained and updated 12-unit mutifamily property in a predominantly residential area of Orange County. Consisting of (8) one bedroom/one bath and (4) two bedroom/one bath units in two buildings. The property features a courtyard, laundry facility and 12 parking spaces. Eight units have been extensively remodeled with complete new bathrooms and new granite countertop kitchens, two units have new bathrooms. Recent exterior upgrades include a new roof in 2010, exterior paint in 2012 and landscaping in 2014. Units are individually metered for gas and electric. Owner pays for hot water. The property has easy access to the 22, 405, 91 and 5 freeways. It is walking distance to public transportation and convenient to shopping, dining and employment throughout Orange County. It is two miles from the Cypress Corporate Center and five miles from the Disneyland Resort. The asset is 100% occupied. Below market rents offer significant upside potential.
Location
State CA
County Orange
Area 61 - N Of Gar Grv, S Of Ball, E Of Knott, W Of Dal
Zoning RH High Density Residenti
Interior
Cooling None
Fireplace No
Exterior
Parking Features One Space
Roof Type Flat
Total Parking Spaces 12
Building
Lot Description Sprinklers None
Story 2
Others
Tax ID 13121130
Special Listing Condition Standard
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Bought with Tammy Vo • Superior Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "