320 N Clark Street , #322

    Orange, CA 92868
    • $1,085,000
    • STATUS: Active Under Contract
    • ON SITE: 106 days
    • ID#: PW19154657
    Under Contract
    UPDATED: 124 min ago
    $1,085,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,620
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Welcome to 320 and 322 N Clark St! Located in Old Towne Orange, get the income of a 4 unit property with the low maintenance of having only 2 with over a 6.7% cap rate! 2 separate large units separated by 2 garages (no common walls between the units) on a lot with incredible income that has been producing for over 3 years! 322 N Clark is a 4 Bedroom, 2 bathroom home that has recently been remodeled with new kitchen cabinets and quartz countertops. Tenant signed a 1 year lease June 1 at $3,995/month. Included inside the unit is washer/dryer hookup as well. 320 N Clark is a 2 bedroom, 1 bath unit renting for $2150/month. Each unit is separately metered for gas and electric. Brand new pex plumbing, newer laminate floors well as dual pane windows. Artificial turf for low maintenance. This is a cash cow and an opportunity not to be missed! Please do not disturb tenants.

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    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/96499411

    320 N Clark Street , #322 Orange, CA 92868

    • Price: $1,085,000
    • Status: Active Under Contract
    • Updated: 124 min ago
    • ID#: PW19154657
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,620
    SQFT
    $414
    $/SQFT
    1961
    Built
    Neighborhood:
    OTO - Old Towne Orange
    County:
    Orange
    Area:
    OTO - Old Towne Orange
    Property Description
    Welcome to 320 and 322 N Clark St! Located in Old Towne Orange, get the income of a 4 unit property with the low maintenance of having only 2 with over a 6.7% cap rate! 2 separate large units separated by 2 garages (no common walls between the units) on a lot with incredible income that has been producing for over 3 years! 322 N Clark is a 4 Bedroom, 2 bathroom home that has recently been remodeled with new kitchen cabinets and quartz countertops. Tenant signed a 1 year lease June 1 at $3,995/month. Included inside the unit is washer/dryer hookup as well. 320 N Clark is a 2 bedroom, 1 bath unit renting for $2150/month. Each unit is separately metered for gas and electric. Brand new pex plumbing, newer laminate floors well as dual pane windows. Artificial turf for low maintenance. This is a cash cow and an opportunity not to be missed! Please do not disturb tenants.
    Exterior Features

    Foundation Details Slab Garage Spaces 2.00 Lot Features Back YardFront 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 Shingle

    Interior Features

    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 Laundry Features Inside Levels One Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 6.70 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 600.00 Gross Income 0.00 Gross Scheduled Income 73740.00 Insurance Expense 622.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 1200.00 Net Operating Income 69590.48 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 4149.52 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 Tenant Pays ElectricityGas Total Actual Rent 73740.00 Total Expenses 4149.52 Trash Expense 491.52 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1236.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Appraiser

    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.
     
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