For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,220,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19154643
Sold Date 08/19/19
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1913
Lot Size 6,534 Sqft
Property Description
2 on a lot! Welcome to 132 and 134 S Clark St! Located in Old Towne Orange, get the income of a 4 unit property with the low maintenance of having only 2 with nearly a 7% cap rate! 2 separate large homes (no shared walls) on a lot with incredible income that has been producing for over 3 years! 132 S Clark is a 4 Bedroom, 2 bathroom home that has recently been remodeled with new kitchen cabinets, quartz countertops and an antique mirror backsplash. Tenant signed a 1 year lease June 1 at $3,995/month. Included inside the unit is a washer/dryer hookup as well. 134 S Clark is a 3 bedroom, 2.5 bath 2 story town home style unit which also features new kitchen cabinets, quartz countertops and an antique mirror backsplash. Tenant signed a 1 year lease June 1 as well at $3,000/month. 134 S Clark has a private backyard area as well. Each unit is separately metered for gas and electric. Full copper plumbing, newer laminate floors in both units as 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.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Interior Features Ceiling Fan(s), High Ceilings, Open Floorplan, Two Story Ceilings
Heating Central
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Gas Range, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Garage, Stacked
Exterior
Parking Features Assigned
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Lawn
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 39067120
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jennifer Chai • Jennifer Chai, Broker
GET MORE INFORMATION
Sean McGalis
Realtor & Avid Golfer | License ID: 01707801
Realtor & Avid Golfer License ID: 01707801