$905,000
$879,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
10,454 Sqft Lot
SOLD DATE : 02/27/2020
Key Details
Sold Price $905,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20029837
Sold Date 02/27/20
HOA Y/N No
Year Built 1960
Lot Size 10,454 Sqft
Property Description
Single level four-plex. All 2 bedroom 1 bath units. Four separate detached units with an attached one-car garage and patio between each unit. Always 100% occupied. Separately metered for gas and electricity. Low expenses. Four separate water heaters. HUGE upside in rents. Market rents in the area are approx. $1,500 or more. Only 12.2 x gross on market rents of $1,500 each. 5.97% cap rate on market rents. Close to freeways, Disneyland and shopping.
Location
State CA
County Orange
Area 84 - Placentia
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Suburban
Utilities Available Cable Available
View Y/N Yes
View Neighborhood
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 34403603
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Michael Lembeck • Re/Max Property Connection
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Broker Associate | Lic# 00870450