646 S Grand ST Orange, CA 92866
Active
$2,595,000
8 Units
8 Beds
8 Baths
4,800 Area(sq.ft.)
12,632 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,329 | $ 1,329 | $ 1,800 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,329 | $ 1,329 | $ 1,800 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,329 | $ 1,329 | $ 1,800 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,329 | $ 1,329 | $ 1,800 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,329 | $ 1,329 | $ 1,800 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,379 | $ 1,379 | $ 1,800 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,379 | $ 1,379 | $ 1,800 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,500 | $ 1,500 | $ 1,800 |
| 8 | 8 | 8 | 8 | $ 10,903 | $ 10,903 | $ 14,400 |
| MLS #: | PW24244186MR |
| Days On Market: | 22 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 541 |
| Price per unit: | $ 324,375 |
| Year Built: | 1963 |
Property Details
8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking pathway between Hart Park and the Old Towne Orange Plaza.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 111,442 |
| Total Annual Expense: | $ 44,725 |
| Net Operating Income: | $ 66,717 |
| Cap Rate: | 2.57% |
| Gross Rent Multiplier: | 22.58 |
| Actual Gross Rent: | $ 114,888 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks, Street Lights |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Style: | Traditional |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | R-2-6 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage, Parking Space, Unassigned, Uncovered |
| Total Parking: | 13 |
Interior
| Cooking Appliances: | Oven-Electric, Range |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Community, Outside, Room |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Community, Outside, Room |
| Laundry Equipment: | Lease |
| Laundry Income: | 1800.00 |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
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