7,683 Sqft Lot
7,683 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26020835
HOA Y/N No
Year Built 2022
Lot Size 7,683 Sqft
Property Sub-Type Duplex
Property Description
The front house is a 4 Bedroom 3 Bath that was Fully Renovated in 2022 (and partial New Construction), and the back unit is a New Construction 4 Bedroom 4 Bath unit which is Not Subject to Any Rent Control. Each unit has ensuite laundry, Air Conditioning, Forced Air Heat, High End Finishes, and private yard space for tenants' enjoyment. The property also has ample Parking - a 4-Car driveway, a single car Garage, and is situated on an Oversized 7,686 SF lot.
In addition to the existing cash-flow, the property offers significant upside. With over 10% upside in current rents and the opportunity to convert the single car garage to a 3rd Unit, a Savvy investor also has the opportunity to significantly increase the income moving forward.
It's not often you see New Construction Property with additional upside in one of the most sought after rental markets in Orange County. This provides access to a strong and steady student renter base - a unique hedge against any future CA rent control initiatives.
Reach out to the listing team for more information and debt quotes.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Heating Ductless
Cooling Electric
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Suburban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Front Yard, Level, Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 38623219
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations