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    1914 E Adams Avenue

    Orange, CA 92867
    • $925,000
    • STATUS: Active
    • ON SITE: 284 days
    • ID#: PW20007117
    UPDATED: 45 min ago
    $925,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,820
      SQFT
    • $328
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    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 +GG 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T16:32:51.34. 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 or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/102222565
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    1914 E Adams Avenue Orange, CA 92867

    • Price: $925,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW20007117
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,820
    SQFT
    $328
    $/SQFT
    1960
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    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 +GG 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.
    Exterior Features

    Construction Materials Stucco Direction Faces Northeast Fence YN Yes Fencing Average ConditionWood Foundation Details Slab Garage Spaces 3.00 Lot Features 2-5 Units/AcreCorner LotYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayGarageGarage Faces FrontGarage - Three DoorSide By Side Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Uncovered Spaces 3.00 View Neighborhood View YN Yes

    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 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes Laundry Features Outside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features BikingCurbsGuttersStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 52200.00 Gross Multiplier 17.70 Gross Operating Income 51156.00 Gross Scheduled Income 52200.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Net Operating Income 49156.00 New Construction YN No New Taxes Expense 10637.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 2940.00 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 4350.00 Total Expenses 13485.00 Trash Expense 408.00 Vacancy Allowance 1044 Vacancy Allowance Rate 2.00 Water Sewer Expense 1440.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Lembeck of Re/Max Property Connection


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T16:32:51.34. 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 or Keller Williams Realty. Licensed in the State of California, USA.

     
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