$1,290,000
$1,395,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
9,583 Sqft Lot
SOLD DATE : 01/16/2023
Key Details
Sold Price $1,290,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22224639
Sold Date 01/16/23
HOA Y/N No
Year Built 1957
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.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Septic Type Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 01703317
Energy Description 435.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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