$1,160,000
$1,195,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 11/29/2023
Key Details
Sold Price $1,160,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID PW23193409
Sold Date 11/29/23
HOA Y/N No
Year Built 1968
Lot Size 7,840 Sqft
Property Sub-Type Duplex
Property Description
Nestled in the thriving heart of Orange, this property presents a rare and compelling investment opportunity. With a rich heritage and history, this duplex has been under the same family's ownership for over three decades, showcasing an unmatched sense of pride and meticulous care. The layout of the side-by-side duplex, sharing only one connected wall, creates the impression of distinct single-family homes, enhancing its market desirability. Both units offer private garages, separate driveways, tranquil front patios, and secluded backyards, ensuring an atmosphere of exclusivity and tranquility. The larger unit spans almost 1,500 square feet, featuring three spacious bedrooms, two bathrooms, and ample storage. The highlight is the expansive primary bedroom suite, complete with a generous closet and abundant natural light streaming through sliding doors that open to the private yard. Modern amenities such as a fireplace, private washer and dryer, and contemporary HVAC system further elevate the appeal of the open floor plan. Concurrently, the smaller unit, comprising around 1,100 square feet, maximizes space efficiency with two sizable bedrooms and two bathrooms, including a spacious primary bedroom suite with a large closet. This unit also offers direct access to the private garage. The simplicity of the investment is evident, as the owner covers water, sewer, and trash expenses, while tenants manage their own electric, gas, and cable/internet bills. The larger unit is poised to be delivered vacant, presenting an enticing opportunity for potential owner-occupants or strategic repositioning. Simultaneously, the smaller unit currently houses long-term tenants who have established a strong connection with the property, underscoring the stability and reliability of this investment. Opportunities of this magnitude are seldom available in this highly sought-after neighborhood. Seize this exceptional property now to capitalize on its promising stability and future prospects from the moment of acquisition.
Location
State CA
County Orange
Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F
Interior
Interior Features Ceiling Fan(s), Unfurnished, Primary Suite
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplaces Type Gas, Living Room
Fireplace Yes
Laundry In Garage
Exterior
Parking Features Driveway, Garage Faces Front, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool None
Community Features Sidewalks
Accessibility Parking
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Front Yard, Yard
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 39019115
Acceptable Financing Cash, Cash to New Loan, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
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