1040 W Acacia Avenue

    Orange, CA 92868
    • $775,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: PW19154967
    UPDATED: 122 min ago
    $775,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,796
      SQFT
    • $432
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Completely remodeled in 2016, this turn-key 4 Bedroom/3 Bathroom home is currently an exceptional rental garnering over $5,100/month for the past 2 years. The home is just minutes from downtown Orange, Chapman University and Westfield Mainplace shopping. Custom 5-in base molding, recessed lighting, brand new copper plumbing and light fixtures. The new kitchen is completely open to the living and family rooms and features new luxurious soft close cabinets with custom granite countertops, travertine backsplash, travertine flooring and a full stainless appliance package including fridge. The oversized master bath features a huge travertine shower from floor to ceiling with custom glass doors and a brand new double marble vanity. One of the guest bathrooms (3 total baths) includes a glass steam shower enclosure. New central AC system, brand new dual pane windows throughout and new electrical panel. Re-finished original hardwood flooring and large sunken family room. Corner lot with huge patio in the front. Tons of natural light. A second driveway allows for plenty of parking or place to park your RV! Current tenant renewed their lease June 1st for 1 year. Cap rate is over 7%!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/96460532

    1040 W Acacia Avenue Orange, CA 92868

    • Price: $775,000
    • Status: Active
    • Updated: 122 min ago
    • ID#: PW19154967
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,796
    SQFT
    $432
    $/SQFT
    1952
    Built
    Neighborhood:
    OTO - Old Towne Orange
    County:
    Orange
    Area:
    OTO - Old Towne Orange
    Property Description
    Completely remodeled in 2016, this turn-key 4 Bedroom/3 Bathroom home is currently an exceptional rental garnering over $5,100/month for the past 2 years. The home is just minutes from downtown Orange, Chapman University and Westfield Mainplace shopping. Custom 5-in base molding, recessed lighting, brand new copper plumbing and light fixtures. The new kitchen is completely open to the living and family rooms and features new luxurious soft close cabinets with custom granite countertops, travertine backsplash, travertine flooring and a full stainless appliance package including fridge. The oversized master bath features a huge travertine shower from floor to ceiling with custom glass doors and a brand new double marble vanity. One of the guest bathrooms (3 total baths) includes a glass steam shower enclosure. New central AC system, brand new dual pane windows throughout and new electrical panel. Re-finished original hardwood flooring and large sunken family room. Corner lot with huge patio in the front. Tons of natural light. A second driveway allows for plenty of parking or place to park your RV! Current tenant renewed their lease June 1st for 1 year. Cap rate is over 7%!
    Exterior Features

    Foundation Details Raised Garage Spaces 2.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No Roof Asphalt

    Interior Features

    Appliances Built-In RangeRange HoodRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating Forced Air Heating YN Yes Interior Features Copper Plumbing Full Laundry Features Individual Room Levels One Room Type Main Floor BedroomMain Floor Master BedroomMaster BathroomMaster BedroomSeparate Family Room Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 0.00 Gross Scheduled Income 61200.00 Insurance Expense 498.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 1200.00 Net Operating Income 58902.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 2298.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition TurnkeyUpdated/Remodeled Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0.00 Total Actual Rent 61200.00 Total Expenses 2298.00 Trash Expense 0.00 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor

    Listing provided courtesy of Ben Hecht of Bd Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723