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Key Details
Sold Price $1,460,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC20200385
Year Built 1966
Lot Size 0.390 Acres
Property Description
Located just One Block from Old Towne Yorba Linda, this property offers an investor two, individually parceled four-plexes, with one building having an additional non-conforming studio unit. Tenants enjoy garages, open parking, and community laundry facilities. There is significant upside in rental income due to the excellent unit mix of: (1) 3 Bed / 1.75, (5) 2 Bed / 1 Bath, (2) 1 Bed / 1 Bath, and (1) Non-conforming Studio. Because of Yorba Linda's apartment shortage, accompanied by the high cost of living, makes this a great investment for any Buyer. This offers an investor an excellent opportunity to obtain residential financing on both properties as well. Please note that the studio unit is being rented for $680 a month. Contact listing agent for further details regarding unit mix, set up and marketing package.
Location
State CA
County Orange
Area 85 - Yorba Linda
Interior
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Private
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Gene Tsair • Realty Pro 100