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949-430-7500
Real Estate Company
756 N Shattuck Place, Orange, CA 92867
- $1,425,000
- Sold Price
- $1,425,000
- List Price
- $1,688,000
- Closing Date
- Nov 04, 2024
- Status
- CLOSED
- MLS#
- PW24163383
- Year Built
- 1959
- Lot Size
- 8,134
- Acres
- 0.19
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 17
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
A value-add investment opportunity located in the City of Orange. Each of the four units features 2 bedrooms and 1 baths, totaling 3,360 square feet." Property Overview: Given the property's location in the City of Orange, surrounded by multi-unit properties, residential homes, and retail stores, it seems well-positioned for rental income and property appreciation. Here are some factors to consider: Rental Income Potential High Demand for Rentals: Proximity to retail stores and residential areas often indicates a higher demand for rental properties. Tenants often prefer locations with easy access to shopping, dining, and other amenities. Rental Rates: Research the current rental rates in the area for similar properties. This will give you a good idea of the potential income you can generate. Occupancy Rates: Check the occupancy rates of similar properties in the vicinity. High occupancy rates are a positive indicator of strong rental demand. Property Appreciation Potential Location: The City of Orange is known for its charming neighborhoods and historic districts, which can contribute to property value appreciation over time.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Bath, Family Room, Gas, Kitchen, Primary Bedroom, None
- Heat
- Wall Furnace
- Cooling Description
- None
- Sewer
- Sewer Tap Paid
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $80,580
- Operating Expense
- 20254
Listing courtesy of Listing Agent: Tom Gonzalez (Tomgonzalez@kw.com) from Listing Office: Keller Williams Realty.
Listing sold by Ali Jahanshahi from Keller Williams Realty N. Tustin
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.