3449 W. Park Balboa Avenue

    Orange, CA 92868
    • $994,500
    • STATUS: Active
    • ON SITE: 159 days
    • ID#: RS19109455
    UPDATED: 119 min ago
    $994,500
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,164
      SQFT
    • $314
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Highest return on your investment! With current rents, expenses and new tax you can expect a 5.12% CAP rate. The seller has made the property sell ready for the new owners. Duplex in the heart of Southern California. Investors opportunity to own a property in a highly desirable area in Orange County. Easy to keep occupied all year round. Conveniently located close to metropolitan areas with easy access to freeways and surrounded by major California employers. Good tenants are in place and would rather continue to rent for years to come. Look for the virtual 3D tour link available here to see the inside of the main unit with spacious 3 bedrooms and 3 bathrooms. Both units are the same layout just mirror to one another with only one mutual wall. See the virtual tour today! With current rents, expenses and new tax you can expect a 5% CAP rate. Tour this property today and keep you invested capital safe in this top-quality investment. Best deal in Orange County today!

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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/94662598

    3449 W. Park Balboa Avenue Orange, CA 92868

    • Price: $994,500
    • Status: Active
    • Updated: 119 min ago
    • ID#: RS19109455
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,164
    SQFT
    $314
    $/SQFT
    1979
    Built
    Neighborhood:
    Park City Duplexes (Pkct)
    County:
    Orange
    Area:
    72 - Orange & Garden Grove, E of Harbor, N of 22 F
    Property Description
    Highest return on your investment! With current rents, expenses and new tax you can expect a 5.12% CAP rate. The seller has made the property sell ready for the new owners. Duplex in the heart of Southern California. Investors opportunity to own a property in a highly desirable area in Orange County. Easy to keep occupied all year round. Conveniently located close to metropolitan areas with easy access to freeways and surrounded by major California employers. Good tenants are in place and would rather continue to rent for years to come. Look for the virtual 3D tour link available here to see the inside of the main unit with spacious 3 bedrooms and 3 bathrooms. Both units are the same layout just mirror to one another with only one mutual wall. See the virtual tour today! With current rents, expenses and new tax you can expect a 5% CAP rate. Tour this property today and keep you invested capital safe in this top-quality investment. Best deal in Orange County today!
    Exterior Features

    Entry Level 1 Fence YN Yes Fencing Brick Foundation Details Slab Garage Spaces 2.00 Lot Features Back YardFront Yard Lot Size Units Square Feet Parking Features Assigned Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle View None View YN No

    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 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTile Heating Central Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features In Garage Levels Two Room Type All Bedrooms Up Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Amenities Maintenance Grounds Association Fee 75.00 Association Fee Frequency Quarterly Association YN Yes Building Area Units Square Feet Cap Rate 5.12 Community Features SidewalksStreet Lights Country Us Electric Standard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 51000.00 Gross Operating Income 66000.00 Gross Scheduled Income 66000.00 Insurance Expense 1300.00 Land Lease YN No Laundry YN Yes Net Operating Income 50900.00 New Construction YN No New Taxes Expense 12000.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 15100.00 Other Expense 300.00 Other Expense Description Associat Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Park City Duplexes (Pkct) Tenant Pays All UtilitiesCable TvElectricityGasTelephone Total Actual Rent 5000.00 Total Expenses 15100.00 Trash Expense 450.00 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Sewer Expense 1350.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Alexander Perez of Realty Executives Select


    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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    Covina CA, 91723