56
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$1,895,000
Est. payment /mo
9 Beds
8 Baths
8,455 Sqft Lot
New
408 W La Veta Avenue Orange, CA 92866
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25129866
Bedrooms 9
HOA Y/N No
Lot Size 8,455 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
HUGE 4plex! In the last 30 years in the entire city of Orange, only about a dozen 4plexes have sold that were this size or bigger. What an opportunity! Size does matter in income property - the bigger the units, the more rent you can eventually charge. ** Right now there are only four other 4plexes on the market in the city and their average size is about 3,900. 408 W La Veta is 5,104 SF. ** La Veta sides to a big culdesac. ** The OWNERs unit is huge - about 1,500 SF - with its own en suite (private bedroom/bathroom). A full laundry is in the hall near kitchen. Large private front patio outside front door. ** Good old fashioned wood burning fireplace too, in the living room! ** The other 2 bedrooms have a full bathroom in a Jack and Jill" set up, so both bedrooms have private and direct access to a full bath. ** Entire building is electric - so there are no gas bills. ** All 3 other units are townhome styled, so no one is above them. ** Every unit has its own private garage and own water heater. Parking: there are 4 individual garages plus 2 open parking spaces. ** Motivated and reasonable seller. Will consider doing a loan "buydown" so that the interest rate is fixed the first year at 4.5% and the second year is 5.5%!! Call for details. ** All units are Month to Month, no leases. ** Super convenient and close to 5 freeways!!: 5, 22, 55, 57 and 91, making travel throughout LA and Orange Counties and beyond a breeze. ** Proximity to retail stores and residential areas often indicates a higher demand for rental properties. ** Seller already paid for all 3 inspection reports (
HUGE 4plex! In the last 30 years in the entire city of Orange, only about a dozen 4plexes have sold that were this size or bigger. What an opportunity! Size does matter in income property - the bigger the units, the more rent you can eventually charge. ** Right now there are only four other 4plexes on the market in the city and their average size is about 3,900. 408 W La Veta is 5,104 SF. ** La Veta sides to a big culdesac. ** The OWNERs unit is huge - about 1,500 SF - with its own en suite (private bedroom/bathroom). A full laundry is in the hall near kitchen. Large private front patio outside front door. ** Good old fashioned wood burning fireplace too, in the living room! ** The other 2 bedrooms have a full bathroom in a Jack and Jill" set up, so both bedrooms have private and direct access to a full bath. ** Entire building is electric - so there are no gas bills. ** All 3 other units are townhome styled, so no one is above them. ** Every unit has its own private garage and own water heater. Parking: there are 4 individual garages plus 2 open parking spaces. ** Motivated and reasonable seller. Will consider doing a loan "buydown" so that the interest rate is fixed the first year at 4.5% and the second year is 5.5%!! Call for details. ** All units are Month to Month, no leases. ** Super convenient and close to 5 freeways!!: 5, 22, 55, 57 and 91, making travel throughout LA and Orange Counties and beyond a breeze. ** Proximity to retail stores and residential areas often indicates a higher demand for rental properties. ** Seller already paid for all 3 inspection reports (home, termite and sewer) and these will be provided free to the buyer. ** Seller in midst of a $25,000 small renovation: landscaping, stucco patch and full exterior paint, all new exposed roof wood members, roof tune up. Should be done early July.
HUGE 4plex! In the last 30 years in the entire city of Orange, only about a dozen 4plexes have sold that were this size or bigger. What an opportunity! Size does matter in income property - the bigger the units, the more rent you can eventually charge. ** Right now there are only four other 4plexes on the market in the city and their average size is about 3,900. 408 W La Veta is 5,104 SF. ** La Veta sides to a big culdesac. ** The OWNERs unit is huge - about 1,500 SF - with its own en suite (private bedroom/bathroom). A full laundry is in the hall near kitchen. Large private front patio outside front door. ** Good old fashioned wood burning fireplace too, in the living room! ** The other 2 bedrooms have a full bathroom in a Jack and Jill" set up, so both bedrooms have private and direct access to a full bath. ** Entire building is electric - so there are no gas bills. ** All 3 other units are townhome styled, so no one is above them. ** Every unit has its own private garage and own water heater. Parking: there are 4 individual garages plus 2 open parking spaces. ** Motivated and reasonable seller. Will consider doing a loan "buydown" so that the interest rate is fixed the first year at 4.5% and the second year is 5.5%!! Call for details. ** All units are Month to Month, no leases. ** Super convenient and close to 5 freeways!!: 5, 22, 55, 57 and 91, making travel throughout LA and Orange Counties and beyond a breeze. ** Proximity to retail stores and residential areas often indicates a higher demand for rental properties. ** Seller already paid for all 3 inspection reports (home, termite and sewer) and these will be provided free to the buyer. ** Seller in midst of a $25,000 small renovation: landscaping, stucco patch and full exterior paint, all new exposed roof wood members, roof tune up. Should be done early July.
Location
State CA
County Orange
Area Oc - Orange (92866)
Zoning Assessor
Interior
Heating Electric
Appliance Radiant
Exterior
Parking Features Unit1:Assigned
Roof Type Composition
Building
Lot Description Corner Lot, Cul-De-Sac, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, FHA, VA
Space Rent $3,024
Listing Terms Cash, FHA, VA
Listed by Nick Peters • Real Brokerage Technologies