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$ 1,350,000
Est. payment | /mo
7 Beds
7,750 Sqft Lot
$ 1,350,000
Est. payment | /mo
7 Beds
7,750 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID NP25240630
Bedrooms 7
Lot Size 7,750 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction Cross Streets are Lincoln and Harbor Blvd.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 03611223
Listed by Ryan Anderson R L M Equities
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”