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$ 1,835,000
Est. payment | /mo
9 Beds
7,841 Sqft Lot
$ 1,835,000
Est. payment | /mo
9 Beds
7,841 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 NP25251714
Bedrooms 9
Lot Size 7,841 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
325 Camarillo Street is a rare fourplex, located in one of Orange Countys desirable suburbs. The city of Placentia is know for its small-town feel with convenient access to local amenities, particularly due to its central location and excellent schools within the Placentia-Yorba Linda Unified School District. This excellent location is 1 mile from California State University, Fullerton, Hope International University, and walking distance to Old Town Placentia. Built in 1977 with tile pitched roofs, the property features a covington style layout, with one large 3 Bedroom unit in the front and three additional rental units in the back, all with well-designed floor plans. Amenities include garage parking, block patios, central A/C and Heat, and an on-site laundry room. There is roughly a 21% upside potential in rents for an investor to enhance their return, as current rents are substantially below market. A limited supply of apartments in the city of Placentia, low vacancy rates and the affordability gap between buying and renting should continue to ensure a consistent demand for these rental units. This fourplex is an excellent long-term investment or 1031 Exchange replacement opportunity.
Location
State CA
County Orange
Zoning Assessor
Direction 57 Freeway and Exit Chapman Avenue
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 33941305
Acceptable Financing Cash
Listing Terms Cash
Listed by Ignacio Diaz Jr. Investment Capital Real Estate
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