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$4,499,000
Est. payment /mo
8 Beds
4 Baths
0.93 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25069662
Bedrooms 8
HOA Y/N No
Lot Size 0.934 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Fully remodeled 2-bed, 1-bath detached units on nearly 1 acreeach featuring private yards, 12 car garages, and extended driveways for ample parking. Seller invested approx. $300,000 in capital improvements, including luxury vinyl plank flooring, quartz countertops, new cabinets, upgraded bathrooms, split AC systems, and dual-pane windows. Tenants pay all utilities; owner only covers gardening. Rents are currently 1020% below market, offering excellent upside. CAP rate is 5.86% with minimal operating expenses. Development Potential: City has preliminarily approved 4 additional units, with garage-to-ADU conversion potential. Zoning may allow up to 18 units with density bonus (buyer to verify). A rare opportunity to acquire a high-performing asset with strong cash flow and significant redevelopment potential!
Fully remodeled 2-bed, 1-bath detached units on nearly 1 acreeach featuring private yards, 12 car garages, and extended driveways for ample parking. Seller invested approx. $300,000 in capital improvements, including luxury vinyl plank flooring, quartz countertops, new cabinets, upgraded bathrooms, split AC systems, and dual-pane windows. Tenants pay all utilities; owner only covers gardening. Rents are currently 1020% below market, offering excellent upside. CAP rate is 5.86% with minimal operating expenses. Development Potential: City has preliminarily approved 4 additional units, with garage-to-ADU conversion potential. Zoning may allow up to 18 units with density bonus (buyer to verify). A rare opportunity to acquire a high-performing asset with strong cash flow and significant redevelopment potential!
Fully remodeled 2-bed, 1-bath detached units on nearly 1 acreeach featuring private yards, 12 car garages, and extended driveways for ample parking. Seller invested approx. $300,000 in capital improvements, including luxury vinyl plank flooring, quartz countertops, new cabinets, upgraded bathrooms, split AC systems, and dual-pane windows. Tenants pay all utilities; owner only covers gardening. Rents are currently 1020% below market, offering excellent upside. CAP rate is 5.86% with minimal operating expenses. Development Potential: City has preliminarily approved 4 additional units, with garage-to-ADU conversion potential. Zoning may allow up to 18 units with density bonus (buyer to verify). A rare opportunity to acquire a high-performing asset with strong cash flow and significant redevelopment potential!
Location
State CA
County Orange
Area Oc - Santa Ana (92703)
Zoning Assessor
Building
Story 1
Level or Stories 1 Story
Others
Acceptable Financing Exchange, Land Contract
Space Rent $2,781
Listing Terms Exchange, Land Contract
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Listed by Long Nguyen • Advance Estate Realty
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Nicole Hazelton
Broker Associate | License ID: 01819363
Broker Associate License ID: 01819363
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