7,840 Sqft Lot
7,840 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision California Colony (Calc)
MLS Listing ID OC26187316
HOA Y/N No
Year Built 1964
Lot Size 7,840 Sqft
Property Sub-Type Quadruplex
Property Description
All four units have been extensively renovated with updated kitchens, beautifully finished bathrooms, modern flooring, fixtures, and contemporary finishes throughout. Each unit also features its own individual washer and dryer, adding convenience for tenants and further enhancing rental appeal. The property also features a new roof and a fully remodeled exterior, including upgraded landscaping and new artificial turf designed for attractive, low-maintenance ownership.
The improvements and additional living area have been completed with permits, creating a highly desirable approximately 10-bedroom, 8-bath configuration. Pro forma rents of $4,250 for each 3-bedroom unit and $3,500 for each 2-bedroom unit generate approximately $15,500 in monthly Gross Scheduled Income and $186,000 in annual GSI.
With strong Fountain Valley rental demand, an unusually desirable mix of larger two- and three-bedroom units, extensive interior and exterior improvements, in-unit laundry for every residence, and turnkey condition throughout, this property offers an excellent opportunity for an investor seeking strong income potential with minimal near-term capital expenditures.
Location
State CA
County Orange
Area 68 - N Of Heil, S Of Blsa, E Of Brookhrst, W Of Ha
Interior
Fireplace No
Laundry In Kitchen
Exterior
Parking Features On Street
Pool None
Community Features Gutter(s)
Private Pool No
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 14422127
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Nearby Locations
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