$4,525,000
$5,180,000
12.6%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 10/16/2023
Key Details
Sold Price $4,525,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23027454
Sold Date 10/16/23
HOA Y/N No
Year Built 1958
Lot Size 7,840 Sqft
Property Description
With a proven market rent upside, including a RUBS program for water, sewer, and trash, this offering provides an attractive "Going In"
capitalization rate approaching 5% and a very attractive "Market Rent" capitalization rate. The existing loan of approximately $3,170,000 can be assumed, at a fixed interest rate of 2.90%, or a new loan can be placed on the property. Rents are effective March 1st, 2023.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning R3
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Urban
Total Parking Spaces 24
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 01125103
Energy Description 7857.0
Acceptable Financing Cash to Existing Loan, Cash to New Loan
Listing Terms Cash to Existing Loan, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Mike Marcu • Mike Marcu, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States