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949-430-7500
Real Estate Company
2026 N Park Lane, Orange, CA 92865
- $1,493,000
- Sold Price
- $1,493,000
- List Price
- $1,449,000
- Closing Date
- Feb 23, 2024
- Status
- CLOSED
- MLS#
- OC24022792
- Year Built
- 1975
- Lot Size
- 9,148
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 36
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Other
Property Description
Welcome to 2026 North Park Lane, an exceptional investment opportunity featuring four fully leased units. This property is comprised of three 2-bedroom, 2-bath units and one large 3-bedroom, 2.5-bath unit. All units have a one-car garage. There is also an additional one-car garage that can be used for additional storage income. -Unit 1: 3bd/2.5ba, 1289sf -Unit 2: 2bd/2ba, 940sf -Unit 3: 2bd/2ba, 940sf -Unit 4: 2bd/2ba, 1140sf The property sits on a 9,148 sf lot offering potential opportunity for additional storage or additional units. For added convenience, a separate coin-operated laundry room is included, offering the potential for additional income. The property is strategically located within walking distance to a variety of shopping options, including popular retailers such as Target and Home Depot, as well as easy access to public transportation. All units are currently on month-to-month leases and rents are scheduled to be increased on March 1. Current rents are under market value, giving investors the opportunity to increase NOI.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $84,720
- Operating Expense
- 20000
Listing courtesy of Listing Agent: Alex Gagnon (AlexGagnonHomes@whitneyrealtyco.com) from Listing Office: Whitney Realty.
Listing sold by Alex Gagnon from Whitney Realty
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.