$1,425,000
$1,688,000
15.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3,360 SqFt
SOLD DATE : 11/04/2024
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $424
MLS Listing ID CRPW24163383
Sold Date 11/04/24
Bedrooms 8
HOA Y/N No
Year Built 1959
Lot Size 8,134 Sqft
Acres 0.19
Property Description
A value-add investment opportunity located in the City of Orange. Each of the four units features 2 bedrooms and 1 baths, totaling 3,360 square feet." Property Overview: Given the property's location in the City of Orange, surrounded by multi-unit properties, residential homes, and retail stores, it seems well-positioned for rental income and property appreciation. Here are some factors to consider: Rental Income Potential High Demand for Rentals: Proximity to retail stores and residential areas often indicates a higher demand for rental properties. Tenants often prefer locations with easy access to shopping, dining, and other amenities. Rental Rates: Research the current rental rates in the area for similar properties. This will give you a good idea of the potential income you can generate. Occupancy Rates: Check the occupancy rates of similar properties in the vicinity. High occupancy rates are a positive indicator of strong rental demand. Property Appreciation Potential Location: The City of Orange is known for its charming neighborhoods and historic districts, which can contribute to property value appreciation over time.
Location
State CA
County Orange
Area Listing
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Other, Inside
Exterior
Exterior Feature Other
Utilities Available Other Water/Sewer, Sewer Connected
Parking Type Other
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 38630207
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Bought with AliJahanshahi