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    568 N Glassell Street

    Orange, CA 92867
    • $1,050,000
    • STATUS: PENDING
    • ON SITE: 51 days
    • ID#: 302562681
    Pending
    UPDATED: 24 min ago
    $1,050,000
    • 2
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    city of Orange, now available for $1,050,000! Current Gross Income is over $60,0000 with upside rent potential. This is an incredibly rare opportunity for investors looking for passive income properties in Downtown Orange. This upgraded multi-unit investment is located just walking distance to The Chapman University Campus, the Orange Circle, and Downtown Orange. The front 2 Bed 1 Bath home includes an upgraded kitchen and bath, private fence & landscaped front yard with porch, original hard wood floors, city of Orange, now available for $1,050,000! Current Gross Income is over $60,0000 with upside rent potential. This is an incredibly rare opportunity for investors looking for passive income properties in Downtown Orange. This upgraded multi-unit investment is located just walking distance to The Chapman University Campus, the Orange Circle, and Downtown Orange. The front 2 Bed 1 Bath home includes an upgraded kitchen and bath, private fence & landscaped front yard with porch, original hard wood floors, washer, dryer hook ups, custom cabinets, AC units and 8 x 8 outside storage unit. There are 2 fully remodeled studios in the back, spacious with new flooring, new kitchen cabinets, stainless steel appliances, bathroom remodeled, new water heater and new wall heating units, washer and dryer in one unit. Parking available for 3 vehicles, all 3 units have separates mailing addresses. Buyer to verify both zoning and building sqft. This is a great long-term hold.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/106981547
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    568 N Glassell Street Orange, CA 92867

    • Price: $1,050,000
    • Status: PENDING
    • Updated: 24 min ago
    • ID#: 302562681
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1937
    Built
    Neighborhood:
    Oc - Orange (92867)
    County:
    Orange
    Area:
    Oc - Orange (92867)
    Property Description
    city of Orange, now available for $1,050,000! Current Gross Income is over $60,0000 with upside rent potential. This is an incredibly rare opportunity for investors looking for passive income properties in Downtown Orange. This upgraded multi-unit investment is located just walking distance to The Chapman University Campus, the Orange Circle, and Downtown Orange. The front 2 Bed 1 Bath home includes an upgraded kitchen and bath, private fence & landscaped front yard with porch, original hard wood floors, city of Orange, now available for $1,050,000! Current Gross Income is over $60,0000 with upside rent potential. This is an incredibly rare opportunity for investors looking for passive income properties in Downtown Orange. This upgraded multi-unit investment is located just walking distance to The Chapman University Campus, the Orange Circle, and Downtown Orange. The front 2 Bed 1 Bath home includes an upgraded kitchen and bath, private fence & landscaped front yard with porch, original hard wood floors, washer, dryer hook ups, custom cabinets, AC units and 8 x 8 outside storage unit. There are 2 fully remodeled studios in the back, spacious with new flooring, new kitchen cabinets, stainless steel appliances, bathroom remodeled, new water heater and new wall heating units, washer and dryer in one unit. Parking available for 3 vehicles, all 3 units have separates mailing addresses. Buyer to verify both zoning and building sqft. This is a great long-term hold.
    Exterior Features

    Pool N/K Site Sidewalks Units With Patios 1

    Interior Features

    Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Units With Cooling 5 Units With Range Oven 3 Units With Washers 3

    Property Features

    Actual Cap Rate 3.99 Annual Expense Actual 17093 Buildings 2 Gross Rent Multiplier Actual 18.19 Gross Scheduled Income Actual 60600 Home Owners Fees 0.0 Tenant Pays Cable TvElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2200.0 Unit2 Rent Actual 1425.0 Water Meter On Property

    Listing provided courtesy of Re/Max One. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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