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$ 1,668,000
Est. payment | /mo
7 Beds
4 Baths
9,583 Sqft Lot
$ 1,668,000
Est. payment | /mo
7 Beds
4 Baths
9,583 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24206655
Bedrooms 7
HOA Y/N No
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
TWO separate houses, sitting on a BIG Lot. You can reach CAP rate 8% and INCREASE your income substantially approx. $40,000 annually by adding ONE ADU 2 bedroom Unit, 1 full bath and Build an addition to the FRONT HOUSE. All PLANS &PERMITS already obtained and will be passed down at no additional cost (pleases check supplements) Currently 3 units 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets * Each house is SEPARATELY metered for gas, electric and water Seller has APPROVED PLANS from the city & Building PERMIT, over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. GREAT INVESTMENT. SELLERS will consider all offers. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO available, rental cash flow please request it. Referrals for contractors that can get ADU started immediately will be provided too.
TWO separate houses, sitting on a BIG Lot. You can reach CAP rate 8% and INCREASE your income substantially approx. $40,000 annually by adding ONE ADU 2 bedroom Unit, 1 full bath and Build an addition to the FRONT HOUSE. All PLANS &PERMITS already obtained and will be passed down at no additional cost (pleases check supplements) Currently 3 units 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets * Each house is SEPARATELY metered for gas, electric and water Seller has APPROVED PLANS from the city & Building PERMIT, over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. GREAT INVESTMENT. SELLERS will consider all offers. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO available, rental cash flow please request it. Referrals for contractors that can get ADU started immediately will be provided too.
TWO separate houses, sitting on a BIG Lot. You can reach CAP rate 8% and INCREASE your income substantially approx. $40,000 annually by adding ONE ADU 2 bedroom Unit, 1 full bath and Build an addition to the FRONT HOUSE. All PLANS &PERMITS already obtained and will be passed down at no additional cost (pleases check supplements) Currently 3 units 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets * Each house is SEPARATELY metered for gas, electric and water Seller has APPROVED PLANS from the city & Building PERMIT, over $27,000 in design & city fees paid & included in the purchase price. The permit will be TRANSFERRED to the buyer. Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers. GREAT INVESTMENT. SELLERS will consider all offers. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO available, rental cash flow please request it. Referrals for contractors that can get ADU started immediately will be provided too.
Location
State CA
County Orange
Area Oc - Santa Ana (92703)
Zoning Other
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Monthly Total Fees $79
Acceptable Financing Exchange
Space Rent $2,780
Listing Terms Exchange
Listed by Carmen Abram Tawfik • T.N.G. Real Estate Consultants
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "