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Listed by Ryan C Anderson • R L M Equities
$ 1,350,000
Est. payment | /mo
3,658 SqFt
$ 1,350,000
Est. payment | /mo
3,658 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,658 sqft
Price per Sqft $369
MLS Listing ID NP-25240630
Year Built 1949
Lot Size 7,750 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Below Market Rents = Significant Rent Growth Opportunity. Updated units in the area command substantially higher rents than current in-place leases. With selective renovations (kitchens, baths, flooring, paint, windows), rents can be increased several hundred dollars per unit per month, dramatically improving cash flow and property value. Making this property well over a 5.5% CAP on market rents. Front triplex + detached rear unit appeals to a wide range of tenants. Rear unit could command a premium (privacy, standalone structure). Potential for long-term hold, cash flow, or future redevelopment. Current rents are well below market. Immediate upside through interior renovations and bringing rents to market levels. Additional potential through exterior cosmetic improvements, utility bill-backs (RUBS), and improved management.
Location
State CA
County Orange
Interior
Laundry None
Exterior
Parking Features None
Garage Spaces 2.0
Pool None
Community Features Curbs
Building
Lot Description Near Public Transit
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114