$2,475,000
$2,499,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
9,448 Sqft Lot
SOLD DATE : 04/23/2024
Key Details
Sold Price $2,475,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24059676
Sold Date 04/23/24
HOA Y/N No
Year Built 1969
Annual Tax Amount $26,377
Tax Year 2023
Lot Size 9,448 Sqft
Property Description
IF PRIDE OF OWNERSHIP AND EASY FINANCING ARE YOUR BUYER'S PRIORITY, THEN BE SURE TO CHECK OUT THIS 4-PLEX!!! SEE SUPPLEMENT ATTACHED TO THIS LISTING FOR FINANCIAL ANALYSIS AND LIST OF REMODEL IMPROVEMENTS!!! ALSO, OWNER WILL CARRY FIRST T.D. LOAN with no prepay penalty for up to 10 years with min. down of 30%... Year (one) at 5%, year (two) at 5.5% and year (3) at 6%. Remaining terms are negotiable!!! Great opportunity for your Buyer!!!
This OUTSTANDING 4-PLEX INVESTMENT in a GREAT LOCATION IN THE CITY OF ORANGE HAS IT ALL ---- SUPERB CONDITION!!! - GREAT INCOME AT $139,200 per yr.!!! - EXCEPTIONAL PROPERTY MANAGEMENT!!! "METICULOUSLY REMODELED" and "EXPERTLY MANAGED" over the last 6 years by one of Orange County's most discerning apartment owners. This 4-Plex is a true gem giving the term "TURNKEY PROPERTY" a new meaning. Virtually nothing to do when taking over this very well managed and remodeled 4-plex. Just purchase it and start collecting rents. It's highly unlikely that you will find a nicer more well maintained 4-Plex investment in Orange County. Located on a very nice and quiet Cul-de-sac street within walking distance of the "Traffic Circle" in "Old Towne Orange" and "Chapman College". All Brand New Central Heat and Air Conditioning for each unit. New Central Water water heater in laundry room. Ceilings in downstairs units have been insulated to quiet any noise from tenants above. New Roof, completely remodeled Kitchens and Bathrooms Including Tubs/Shower enclosures. All new window coverings. All new kitchen appliances. Purchase price includes new, in 2018, REFRIGERATORS AND 4 STACKED WASHER AND DRYER UNITS IN CENTRAL LAUNDRY ROOM FOR EACH TENANT. New Ceiling fans in all Living rooms, dining rooms and bedrooms. New canned lighting in kitchen ceilings. All new vinyl windows. Complete New Landscaping including beautiful artificial turf. Parking area Paving and Striping are in great condition having been repaved in 2018. All New Flooring in All units. All New complete Wood Fencing. Four Stacked Clothes Washers in central laundry owned by Seller. Therefore each tenant has their own designated washer/dryer which is free to use by each tenant. This is truly a property you must see to believe and appreciate. So, if you want to invest in the best 4-plex investment in Orange County, look no further. You have just found it!!!
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Interior Features Balcony, Block Walls, Granite Counters, Unfurnished, Wired for Data
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type Living Room
Fireplace Yes
Appliance Built-In Range, Dryer, Washer
Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Stacked
Exterior
Parking Features Assigned, Covered, Garage, Garage Faces Side, Storage
Garage Spaces 4.0
Garage Description 4.0
Fence Masonry, Wrought Iron
Pool None
Community Features Curbs, Sidewalks
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Courtyard
Roof Type Asbestos Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description Cul-De-Sac, Front Yard, Garden, Lawn, Rectangular Lot, Sprinkler System, Street Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 39064117
Energy Description 1596.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Submit
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Stephanie St Pierre • Seven Gables Real Estate