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2689 N Bourbon Street

Orange, CA 92865
  • $1,449,900
  • STATUS: ACTIVE
  • ON SITE: 67 Days
  • ID#: OC24030412
$1,449,900
  • 4
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Extremely well-maintained and highly upgraded fourplex located in the prime area of East Orange next to Villa Park with easy access to the 55 and 91 freeways. All units are townhome style 2 bedroom and 2 baths measuring approx. 1,000 SF each. Two of the units are 2BD/2BA with a 2-car attached garage and have a spacious patio for entertaining. The other two units are 2BD/1.5BA with a 1-car attached garage and a deck. All units are individually metered for water, gas, and electric and have stable, long-term tenants with strong upside potential in rents. Tenants enjoy individual inside laundry facilities in each unit and their own central heat and A/C. The strategic location is in close proximity to The Village at Orange shopping mall and Old Town and offers residents convenient access to major retailers, grocers, dining, and entertainment options as well as access to employment hubs in surrounding cities. The location is in an area known for its strong tenancy, good rent growth, and historically high occupancy rates Yearly gross scheduled income is excellent while offering room for upside potential in rents. Excellent investment opportunity for new or seasoned investors. Also great for owner occupant!! This is the one youve been waiting for! Please note, this property is part of a large ground lease that includes both Residential Units and Retail that expires in 2063. Extremely well-maintained and highly upgraded fourplex located in the prime area of East Orange next to Villa Park with easy access to the 55 and 91 freeways. All units are townhome style 2 bedroom and 2 baths measuring approx. 1,000 SF each. Two of the units are 2BD/2BA with a 2-car attached garage and have a spacious patio for entertaining. The other two units are 2BD/1.5BA with a 1-car attached garage and a deck. All units are individually metered for water, gas, and electric and have stable, long-term tenants with strong upside potential in rents. Tenants enjoy individual inside laundry facilities in each unit and their own central heat and A/C. The strategic location is in close proximity to The Village at Orange shopping mall and Old Town and offers residents convenient access to major retailers, grocers, dining, and entertainment options as well as access to employment hubs in surrounding cities. The location is in an area known for its strong tenancy, good rent growth, and historically high occupancy rates Yearly gross scheduled income is excellent while offering room for upside potential in rents. Excellent investment opportunity for new or seasoned investors. Also great for owner occupant!! This is the one youve been waiting for! Please note, this property is part of a large ground lease that includes both Residential Units and Retail that expires in 2063.

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/147564027
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2689 N Bourbon Street Orange, CA 92865

  • Price: $1,449,900
  • Status: ACTIVE
  • On Site: 67 Days
  • ID#: OC24030412
4
Beds
0
Baths
0
½ Baths
0.19
Acres
Neighborhood:
Oc - Orange (92865)
County:
Orange
Area:
Oc - Orange (92865)
Property Description
Extremely well-maintained and highly upgraded fourplex located in the prime area of East Orange next to Villa Park with easy access to the 55 and 91 freeways. All units are townhome style 2 bedroom and 2 baths measuring approx. 1,000 SF each. Two of the units are 2BD/2BA with a 2-car attached garage and have a spacious patio for entertaining. The other two units are 2BD/1.5BA with a 1-car attached garage and a deck. All units are individually metered for water, gas, and electric and have stable, long-term tenants with strong upside potential in rents. Tenants enjoy individual inside laundry facilities in each unit and their own central heat and A/C. The strategic location is in close proximity to The Village at Orange shopping mall and Old Town and offers residents convenient access to major retailers, grocers, dining, and entertainment options as well as access to employment hubs in surrounding cities. The location is in an area known for its strong tenancy, good rent growth, and historically high occupancy rates Yearly gross scheduled income is excellent while offering room for upside potential in rents. Excellent investment opportunity for new or seasoned investors. Also great for owner occupant!! This is the one youve been waiting for! Please note, this property is part of a large ground lease that includes both Residential Units and Retail that expires in 2063. Extremely well-maintained and highly upgraded fourplex located in the prime area of East Orange next to Villa Park with easy access to the 55 and 91 freeways. All units are townhome style 2 bedroom and 2 baths measuring approx. 1,000 SF each. Two of the units are 2BD/2BA with a 2-car attached garage and have a spacious patio for entertaining. The other two units are 2BD/1.5BA with a 1-car attached garage and a deck. All units are individually metered for water, gas, and electric and have stable, long-term tenants with strong upside potential in rents. Tenants enjoy individual inside laundry facilities in each unit and their own central heat and A/C. The strategic location is in close proximity to The Village at Orange shopping mall and Old Town and offers residents convenient access to major retailers, grocers, dining, and entertainment options as well as access to employment hubs in surrounding cities. The location is in an area known for its strong tenancy, good rent growth, and historically high occupancy rates Yearly gross scheduled income is excellent while offering room for upside potential in rents. Excellent investment opportunity for new or seasoned investors. Also great for owner occupant!! This is the one youve been waiting for! Please note, this property is part of a large ground lease that includes both Residential Units and Retail that expires in 2063.
Exterior Features

Exterior StuccoWood Pool N/K Roof Composition Site CurbsSidewalks Spa N/K

Interior Features

Cooling Central Forced Air Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Water Heater Type Gas

Property Features

Annual Expense Actual 11050 Buildings 2 Cfd Mello Roos Fee 1037.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 108960 Home Owners Fees 0.0 Monthly Total Fees 86 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2220.0 Unit2 Rent Actual 2320.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Chuck Cummings of Re/Max Coastal Homes: 714-742-6624. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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