$770,000
$725,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 07/03/2023
Key Details
Sold Price $770,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID OC23091776
Sold Date 07/03/23
HOA Y/N No
Year Built 1951
Lot Size 6,098 Sqft
Property Description
Excellent investment opportunity!!! Permitted Duplex ideally located in a high demand rental area very close to Cal State Fullerton, Hope Intl University, Old Town Placentia, an abundance of shopping and dining, adjacent to 3 local churches, including Saint Joseph’s Catholic Church & School, and just across the street from Valencia High School with just a short walk to Ruby Drive Elementary, Kraemer Middle School, and Kraemer Memorial Park, plus easy 57 and 91 Freeway access. Both units will be delivered vacant. Pro forma rents once rehabbed will be $2800 for the two bedroom and $2300 for the one bedroom. Two parking spots (one garage and one driveway) for each unit. Should be well over a 5% cap rate factoring the remodel cost and renting these units at full market value!
Location
State CA
County Orange
Area 84 - Placentia
Interior
Interior Features Beamed Ceilings, Ceiling Fan(s), All Bedrooms Down, Bedroom on Main Level
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop
Laundry In Garage
Exterior
Garage Door-Multi, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link, Wood
Pool None
Community Features Curbs, Sidewalks, Park
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Door-Multi, Driveway, Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard, Near Park, Yard
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 33929222
Energy Description 720.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Probate Listing
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Bought with Andrea Megerdichian • Coldwell Banker Hallmark
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "