2074 N Highland Street

    Orange, CA 92865
    • $1,495,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: OC18262245
    Price Reduced
    $1,495,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,744
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Four unit apartment building located in the strong rental market of Orange, California within the Greater Orange County area. The property has a desirable unit mix which consisting of (1) large three bed/ two bath unit and (3) two bed/ two bath units totaling 4,744 square feet, situated on a 8,840 square foot lot. The building has recently gone through extensive interior and exterior renovations and offers tenants several amenities which include: on-site enclosed garage parking, an on-site laundry room, and spacious courtyard with BBQ area.This offering presents an opportunity for an investor to acquire a Pride of Ownership, low expense, stable investment in the desirable rental market of Orange. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-17T00:29:53.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/89002684

    2074 N Highland Street Orange, CA 92865

    • Price: $1,495,000
    • Status: Active
    • ID#: OC18262245
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,744
    SQFT
    $315
    $/SQFT
    1968
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Four unit apartment building located in the strong rental market of Orange, California within the Greater Orange County area. The property has a desirable unit mix which consisting of (1) large three bed/ two bath unit and (3) two bed/ two bath units totaling 4,744 square feet, situated on a 8,840 square foot lot. The building has recently gone through extensive interior and exterior renovations and offers tenants several amenities which include: on-site enclosed garage parking, an on-site laundry room, and spacious courtyard with BBQ area.This offering presents an opportunity for an investor to acquire a Pride of Ownership, low expense, stable investment in the desirable rental market of Orange. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.
    Exterior Features

    Garage Spaces 5.00 Lot Features Front YardLandscapedNear Public Transit Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 1250.00 Elevation Units Feet Fuel Expense 1250.00 Gross Income 100140.00 Gross Scheduled Income 99300.00 Insurance Expense 1376.00 Land Lease YN No Laundry YN Yes Net Operating Income 71616.00 New Construction YN No New Taxes Expense 16445.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 26521.00 Other Income1 840.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 26521.00 Trash Expense 1250.00 Vacancy Allowance 2003 Vacancy Allowance Rate 2.00 Water Sewer Expense 1250.00 Water Source Public

    Listing provided courtesy of Greg Bassirpou of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-17T00:29:53.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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