880 N Kathleen Lane, Orange, CA 92867
- $1,890,000
- Sold Price
- $1,890,000
- List Price
- $1,925,000
- Closing Date
- Sep 05, 2023
- Status
- CLOSED
- MLS#
- SW23137465
- Year Built
- 1969
- Lot Size
- 8,824
- Acres
- 0.20
- Lot Location
- Sprinkler System
- Days on Market
- 47
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Welcome to this rarely available 4-Plex situated in a prime location near Villa Park, offering a fantastic investment opportunity for new and seasoned investors alike. The property features a brand new flat roof and new tiles on the smaller tiled portion. In 2018, the units underwent extensive remodeling. Fantasic property configuration with spacious units and large exterior spaces for each unit. Unit A is a 3-bedroom, 2.5-bath, 2-story townhome with a large fenced-in backyard and covered patio. It boasts a direct access 2-car garage with W/D hookups, vaulted ceilings, and a cozy fireplace in the living room. Unit B is a 2-bedroom, 2.5-bath, 2-story townhome with a large fenced-in backyard, covered patio and balcony off the primary. It offers dual primary suites with en-suite bathrooms. Unit C is a 2-bedroom, 2.5-bath, 2-story townhome featuring dual primary suites with en-suite bathrooms. This unit includes a patio and large backyard, screed-in sunroom, and has an in-unit laundry room added in 2018. Unit D is a 2-bedroom, 2-bath upstairs unit with a primary bedroom featuring an en-suite bathroom and deck. The property includes a separate, recently renovated laundry room with a washer/dryer for units B & D, offering potential for added income. All units are individually metered for gas & electric, and there is significant upside potential in rents. Plenty of on-site parking with an attached 2-car garage for unit A, a 2-car detached garage, 2 carports, and an additional single parking space. This property's central location offers easy access to the 91and 55 freeways – perfect for commuters. It is also close to a walking trail, elementary school, and parks, adding to its appeal. Don't miss out on this incredible opportunity to own a rare 4-Plex in an excellent location.
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Additional Information
- Taxes
- $15,400
- Appliances
- Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Flat, Spanish Tile
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Unfurnished
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $124,938
- Operating Expense
- 21124
Listing courtesy of Listing Agent: Tricia Castellanos (tricia@castleequitygroup.com) from Listing Office: Alta Realty Group CA, Inc..
Listing sold by Soheila Shirazi from Surterre Properties Inc
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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.