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Key Details
Sold Price $1,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chapman Plaza (Chap)
MLS Listing ID OC14239008
Sold Date 02/13/15
HOA Y/N No
Year Built 1979
Lot Size 0.269 Acres
Property Description
The subject property, located at 418-424 W. Center St., is a 6 unit apartment building consisting of two 3 unit buildings, each on its own parcel. Built in 1979 of frame and stucco construction the property boasts a superior unit mix with each building consisting of 2 two bedroom one bath units and 1 three bedroom two bath unit with each unit having its own private one car garage. Residents enjoy the proximity of the property to transportation, shopping, and restaurants in downtown Placentia. An additional feature of the offering is the ability for an investor to lock in 30 year fixed rate debt due to each parcel being classified as residential, thereby avoiding any interest rate fluctuation and its resulting impact on cash flow.
Location
State CA
County Orange
Area 84 - Placentia
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Suburban
Utilities Available Sewer Connected
Roof Type Flat
Total Parking Spaces 13
Private Pool No
Building
Lot Description Near Public Transit
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 33936111
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Ani Tamoukian • Seven Gables Real Estate
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