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Key Details
Sold Price $543,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,620 sqft
Price per Sqft $335
MLS Listing ID OC15219672
Sold Date 12/23/15
HOA Y/N No
Year Built 1962
Lot Size 6,272 Sqft
Acres 0.144
Property Description
Back on market; Buyer couldn't perform and was non-responsive to Seller's request to remove all contingencies...so Seller cancelled escrow! Two separate units completely rehabbed...inside and out! Both structures are pride-of-ownership which are situated on a spacious parcel of land. Too many extras to list, but know that both units have been totally gutted and are newly equipped with new kitchen cabinets, counter-tops, flooring, bathrooms, laundry machine hook-ups, paint, new interior doors, gates, roll-up garage doors and openers, landscaping...and much, much more!
There is no deferred maintenance; making this investment ideal for the investor-type that's looking to park their capital into an investment and sit back and collect a handsome cash-flow each & every month! Rent both units out...or is also ideal for a first-time home buyer that's looking to live in one unit and rent out the other. This is a pristine investment opportunity that generates 6.25% cap rate and over 8.50% return on equity with a 25% down payment.
Location
State CA
County Orange
Area 61 - N Of Gar Grv, S Of Ball, E Of Knott, W Of Dal
Rooms
Other Rooms Two On A Lot
Ensuite Laundry Electric Dryer Hookup, Stacked
Interior
Interior Features Ceiling Fan(s), Recessed Lighting, All Bedrooms Down
Laundry Location Electric Dryer Hookup,Stacked
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Disposal, Water Heater
Laundry Electric Dryer Hookup, Stacked
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence New Condition, Wood
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Sewer Available, Sewer Connected
Roof Type Composition
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Garden, Lawn, Landscaped, Level, Sprinkler System
Faces West
Story One
Entry Level One
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Level or Stories One
Additional Building Two On A Lot
Others
Senior Community No
Tax ID 12644311
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Tiffany Truong • Century 21 Olympic Team
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