$773,000
$783,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/09/2022
Key Details
Sold Price $773,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC-22059224
Sold Date 05/09/22
Year Built 1977
Property Description
Incredible Investment Opportunity!!! A Unique Property that features both an Income Generating Commercial and Residential Space. This Mixed Use Property is located in the Historic Old World Village located across from Bella Terra, Costco and near Golden West College. The current tenant occupies both spaces and has been in place since 2016. The Business is Thriving and the Tenant is seeking a Multi Year Extension with the New Owner. The Commercial Space has been Fully Modified and has been Permitted for Food and Beverage Service, which is a Huge Advantage in this Community. There is Ample Guest Parking and Signage Leading into The Community. The Residential Space features New Custom Cabinets and Granite in the Kitchen and Fully Remodeled Bathrooms as of 2015. It is an Excellent Two Bedroom, Two Bathroom layout with a Fireplace and Balcony. The Balcony overlooks the Backyard Patio Area, which is shared with the Commercial Space. The Property was Re-piped within the last five years. There is also a 1 Car Garage that can be included with the Lease or Rented out Separately !! This Mixed Use Community Features the Famous Oktoberfest Restaurant that hosts Oktoberfest Celebrations every year. Throughout the year The Village also hosts Dog Races, Car Shows, Farmers Markets, Craft Marketplace Events, etc. HOA dues are under $300 per month and include Trash and Water in addition to Common Area Maintenance. With a Steady and Solid ROI, Long Term Appreciation Potential in combination with a Low Maintenance Property, this is an Excellent Opportunity for any Savvy Investor. The seller is willing to finance for the right buyer.
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Laundry Dryer Included, In Kitchen, Washer Included
Exterior
Utilities Available Sewer Connected, Cable Available
Building
Lot Description Near Public Transit, 0-1 Unit/Acre
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Lic# 01770909 | 01834114