1914 E Adams AVE Orange, CA 92867
UPDATED:  
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925000
/mo

5Beds

3Baths

2820SqFt

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Key Details

Property Type: Multi-Family

Sub Type: Triplex

Listing Status: Active Under Contract

Purchase Type: For Sale

Square Footage: 2,820 sqft

Price per Sqft: $328

Lot Size: 8,276 Sqft

Year Built: 1960

MLS Listing ID: PW20007117

Bedrooms: 5

Total Units: 3

HOA Y/N: No

Property Description

Upside in rents - market rents are approx. $2,300 for 2 bdrm units and $1,650 for 1 bdrm units. Only 12.3 x gross on market rents and 6.07% cap rate and 7% cash on cash return on market rents. Freshly painted triplex located on corner lot. Two units are two bedroom 1 bath. These two units are townhouse two story style. Third unit is one bedroom and bathroom located upper level over three one car garages. The two story units have first floor fireplaces and laundry hookups on patio off kitchen. Newer vinyl windows. Separate water heaters for each unit. Two new water heaters. Separate enclosed garage for each unit. Very low expenses – owner pays for water, trash, insurance and annual fire inspection only. Good long term tenants. Huge lot with possibility to add another unit and open back fence for more parking pads, carports or garages. Excellent location - Walking distance to Tustin Ave. Close proximity to plenty of restaurants, the U.S. Post Office and shopping. Close to 55 freeway and Chapman University.

Location

State: CA

County: Orange

Area: 699 - Not Defined

Interior

Laundry: Outside

Heating: Wall Furnace

Cooling: Wall/Window Unit(s)

Fireplaces Type: Living Room

Fireplace: Yes

Exterior

Garage: Assigned,Driveway,Garage,Garage Faces Front,Garage - Three Door,Side by Side

Garage Spaces: 3.0

Fence: Average Condition,Wood

Pool: None

Community Features: Biking,Curbs,Gutters,Street Lights

View Y/N: Yes

View: Neighborhood

Roof Type: Composition

Building

Lot Description: 2-5 Units/Acre,Corner Lot,Yard

Story: 2

Foundation: Slab

Sewer: Sewer Paid

Water: Public

Level or Stories: Two

New Construction: No

Others

Senior Community: No

Special Sale: Standard

Unit 1

Beds: 2

Baths: 1

Garages: 1

Furnished: Unfurnished

Unit 2

Beds: 2

Baths: 1

Garages: 1

Furnished: Unfurnished

Unit 3

Beds: 1

Baths: 1

Garages: 1

Furnished: Unfurnished

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    Windy Ruffini Focus Realty
    Windy Ruffini

    Broker License ID: 01526913

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