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Key Details
Sold Price $1,935,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID PW22000907
Sold Date 09/30/22
Construction Status Repairs Cosmetic,Turnkey
HOA Y/N No
Year Built 1960
Lot Size 0.332 Acres
Property Description
Nice 5 unit building on one level and large lot. 1-Four bedroom, one and a half bathroom owners type unit, 3- Two-bedroom, one-bathroom units, 1- Studio with one bath unit. 5 Separate single-car garages. 5 separate parking spaces. This building has been an Alcohol Recovery facility for 25 plus years.
Pulls in $12,400 per month in gross rental receipts, very smooth operation, very quiet, the resident manager runs the place very efficiently and he'd like to stay, the owner is currently paying for all utilities, the new owner could easily increase net income by having the tenants' pay utilities. There are 4 separate meters for each utility service Please do not disturb occupants.
Location
State CA
County Orange
Area 80 - Cypress North Of Katella
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Block Walls
Laundry Location Common Area
Heating Forced Air, Wall Furnace
Flooring Carpet, Concrete, Tile, Vinyl
Fireplaces Type Electric, Gas, Kitchen
Fireplace Yes
Laundry Common Area
Exterior
Garage Assigned, Concrete, Driveway, Garage
Garage Spaces 5.0
Garage Description 5.0
Fence Block
Pool None
Community Features Street Lights, Sidewalks, Urban
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Assigned, Concrete, Driveway, Garage
Total Parking Spaces 10
Private Pool No
Building
Lot Description Level, Street Level
Faces East
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
New Construction No
Construction Status Repairs Cosmetic,Turnkey
Others
Senior Community No
Tax ID 26243156
Energy Description 5000.0
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Financing Cash
Special Listing Condition Probate Listing, Trust
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Bought with Allen Kirschbaum • Saddleback Rlty & Mortgage
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