227 W Mayfair Avenue, Orange, CA 92867

$899,000
2,340
SqFt
List Price
$899,000
Status
ACTIVE
MLS#
OC19193079
Year Built
1955
Living Sq. Ft
2,340
Lot Size
6,525
Acres
0.1498
Lot Location
0-1 Unit/Acre
Days on Market
8
Property Type
Multifamily

Property Description

is pleased to present an opportunity to acquire a three-unit apartment building in the city of Orange. The building consists of one 2B/1BA unit and two 1BA/1BA units. The property is separately metered for gas and electric and has individual water heaters for each unit, and included owner owned laundry machine. Each unit comes with an large separate enclosed garage with plenty of storage. The property has gone through major exterior renovation by the current owner. Details of the rehab are included within the offering memorandum. Please contact listing agent for package. This opportunity allows an investor to acquire an asset in a sub-market of Orange that historically is in high demand with only a handful of buildings selling each year. An investor can raise total returns by simply raising rents to market given the demand in that area. Furthermore, with the improvements made a prospective investor would be acquiring a property that has gone through an extensive rehab providing great curb appeal for prospective tenants. Located off Mayfair and Glassell, this property is only a short walk, or bike ride to Chapman University or Downtown Orange.

Additional Information

Tract Number
1956
Lot Description
Suburban
Pool Description
None
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
3

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Sheil Stampwala from Marcus & Millichap RE Invest

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.