2362 Wyandote Avenue, Placentia, CA 92870
- $1,318,000
- Sold Price
- $1,318,000
- List Price
- $1,395,000
- Closing Date
- Apr 16, 2025
- Status
- CLOSED
- MLS#
- PW24154772
- Year Built
- 1976
- Lot Size
- 9,033
- Acres
- 0.21
- Lot Location
- 6-10 Units/Acre, Front Yard, Garden, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Ranch, Street Level
- Days on Market
- 87
- Property Type
- Multifamily
- Style
- Ranch
- Property Sub Type
- Duplex
- Stories
- One Level
- Neighborhood
- Placentia Village Grove (Plvg)
Property Description
This is a rare offering of a single-story duplex apartment building with a great location! This property is literally Brea-adjacent. The side yard fence is at the city limit with the city of Brea. Yorba Linda is less than one-half mile to the east. Brea Union Plaza is one-half mile to the west. Imperial Highway is a quarter-mile north and the Orange (57) Freeway. Brea Mall are less than two miles to the west. California State University, Fullerton is approximately two and one-half miles to the west. The spacious three-bedroom/one and three-quarter bath units are each 1,291 square feet in size. Each unit has an enclosed two-car garage. Because the property is at the end of a cul-de-sac street, there is a large concrete driveway apron with four additional off-street parking spaces. The units each feature air conditioning, vaulted living room ceilings, fireplaces and private patios and yards. Water, gas, and electricity are separately metered and paid by the tenants. Landscape costs are paid by the tenant. The highly-rated Golden Elementary School is within a short walk. Because these units are so spacious and well-located, there is rarely a vacancy. The units are rented on a month-to-month basis. This property would also make a great residence for a two-generational family or would be perfect for purchase by two parties who wish to own a property and occupy one or both units. Rents are low--projected market rental rate is $3,500/month per unit, which would result in a GRM of 17.1 and a capitalization rate of 4.00%.
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Additional Information
- Appliances
- Dishwasher, Free-Standing Range, Disposal, Microwave, Water Heater
- Pool Description
- None
- Fireplace Description
- Living Room, Wood Burning
- Heat
- Central, Forced Air, Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air, Electric
- View
- Neighborhood
- Exterior Construction
- Frame, Stucco
- Roof
- Composition, Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Built-in Features, Ceiling Fan(s), Granite Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $81,600
- Operating Expense
- 24128
Listing courtesy of Listing Agent: Carl Reinhart (carlhreinhart@gmail.com) from Listing Office: Carl Reinhart, Broker.
Listing sold by Sharon Liu from Re/Max Premier Prop Arcadia
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.