Property listed by Keller Williams Realty N. Tustin, Sandra Mehr-Froehlich 714-448-0307
$1,650,000
Tremendous investment opportunity!!! This charming single story fourplex has great curb appeal, excellent location, large lot, numerous upgrades, and strong pro forma rental income. This single story fourplex has an exceptional location at the end of the cul-de-sac with the added benefit of access to the… Read More side and back of the units.***** Unit #1 - has 2BR/1BA with upgraded windows, fireplace in living room, and separate dining area with upgraded sliding glass door that leads to a large covered enclosed patio.***** Unit #2 - has 1BR/1BA with upgraded windows, attractive wood grain tile flooring, upgraded bathroom cabinet/sink/faucet, large kitchen with corian looking counters, large living room and dining area with upgraded sliding glass door that leads to a large enclosed patio.***** Unit #3 - has 3BR/3BA with upgraded windows, central air-conditioning, newer kitchen cabinets, crown molding & baseboards, wainscoting, recessed lighting, plantation shutters, and large enclosed patio. This is a perfect unit for an owner-occupant to reside while receiving rental income on the other three units. In addition, this unit could be simply modified back to its original configuration of 3BR/2BA by adding a bedroom and bathroom back to the adjacent unit making unit #2 back to its original 2BR/2BA.***** Unit #4 - has 2BR/1 BA with upgraded newer windows, large kitchen opens to living room and dining area, upgraded sliding glass door leads to a large enclosed patio.***** Additional features include great cul-de-sac location, 5 car garage with dividers, separate electric and gas meters, each unit has separate laundry areas, and beautifully landscaped grounds. Plus, this highly desirable fourplex has a convenient location to Knotts Berry Farm, schools, shops/restaurants, and freeway access. ***** Furthermore, there's a tremendous potential to increase the total Pro Forma Rent to $11,400/mo ($136,800/year) after modify unit/bath count in unit #2 and unit #3 as indicated above. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Lot Size
0.24 Acres
Year Built
1962
MLS Number
OC26065684
Additional Details
Appliances & Equipment
WaterHeater
Building
Built in 1962, 1 building, 1 storey, Levels: One, Entry level: 1, Entry location: Ground
Community
Curbs, Sidewalks
Cooling
SeeRemarks
Expenses
Gardener: $1,800, Insurance: $3,548, Operating: $12,095, Other Expense: $3,871
Fireplaces
LivingRoom
Floors
SeeRemarks
Garage
5 spaces
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $126,000, Net Operating Income: $66,774
Interior Features
AllBedroomsDown, BedroomOnMainLevel
Laundry
SeeRemarks
Lot
0.24 acres, CulDeSac, Lawn, Landscaped
Parking
2 open parking spaces, 7 total parking spaces, Garage, OneSpace
CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, ElectricityOnProperty, 5 separate electric meters, 5 separate gas meters
Windows
DoublePaneWindows
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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