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Key Details
Sold Price $1,440,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23146573
Bedrooms 8
Lot Size 7,841 Sqft
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash
Property Description
HUGE PRICE REDUCTION!!! $285,000 BELOW RECENT SALES COMP ACROSS THE SAME STREET ..... Sold on January 6, 2023 at $1,735,000. Hurry on this one!!!- CALL ALL YOUR BUYERS TO LET THEM KNOW ABOUT THIS GREAT OPPORTUNITY. SUBMIT ALL OFFERS!!!! Excellent Investment!!! 16.70 X Gross at current rents and 12.94 GRM at market rents!!! What a great buy!!! You won't find a better buy in Orange County, especially for a Nice Covington Style 4-plex in a Great location near the cities of Orange and Tustin. All units are good size and the 3 bedroom unit and one of the 2 bedroom units have been recently remodeled. Conveniently located just west of the 55 Fwy and just south of the 22 Fwy. Great corner location within tract. Rents are below market with room to increase and build in equity.
HUGE PRICE REDUCTION!!! $285,000 BELOW RECENT SALES COMP ACROSS THE SAME STREET ..... Sold on January 6, 2023 at $1,735,000. Hurry on this one!!!- CALL ALL YOUR BUYERS TO LET THEM KNOW ABOUT THIS GREAT OPPORTUNITY. SUBMIT ALL OFFERS!!!! Excellent Investment!!! 16.70 X Gross at current rents and 12.94 GRM at market rents!!! What a great buy!!! You won't find a better buy in Orange County, especially for a Nice Covington Style 4-plex in a Great location near the cities of Orange and Tustin. All units are good size and the 3 bedroom unit and one of the 2 bedroom units have been recently remodeled. Conveniently located just west of the 55 Fwy and just south of the 22 Fwy. Great corner location within tract. Rents are below market with room to increase and build in equity.
Location
State CA
County Orange
Area Oc - Santa Ana (92705)
Zoning Public Rec
Building
Lot Description Corner Lot, Curbs
Story 2
Others
Monthly Total Fees $83
Acceptable Financing Cash
Space Rent $2,625
Listing Terms Cash
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Bought with Ignacio Diaz Jr. • Investment Capital Real Estate
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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