$1,325,000
$1,325,000
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7,840 Sqft Lot
SOLD DATE : 09/03/2020
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20124042
Year Built 1968
Lot Size 7,840 Sqft
Property Description
Back on the market with a huge price reduction!!! Well maintained Four large units income property located in the strong rental market of Orange. ALL TENANTS ARE CURRENT WITH RENT! The property consists of (1) large three bedroom/two full bathroom unit and (3) two bedroom/ two full bathroom units. Unit A has 1,410 sq ft, two single car garages, one additional parking space and good size patio. Unit B has 949 sq ft, a single car garage and good size backyard with private parking. Unit C has 949 sq ft, a single car garage, two extra parking spaces and balcony. Unit D has 1,040 sq ft, a single car garage, one additional parking space and good size balcony. Seller replaced furnaces for Unit A and B in 2019. Separately metered for electric and gas for lower owner expenses. Seller replaced a commercial size water heater for the whole building and a timer for common area electric recently. There is a laundry facility on-site for extra income (leased machines). Great long-term tenants that are on month to month and would like to remain as tenants. The property is in a central City of Orange location across from the popular mall, The Village at Orange and right near major retail, educational, and employment opportunities. It is conveniently located less than a mile from the CA-55 and 91 Freeways, which allow tenants to connect with the greater California region and beyond.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning R2
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N No
View None
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Maximiliano Galvan • Realty Executives-Premier