2689 N Bourbon Street

    Orange, CA 92865
    • $1,139,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: PW18018680
    UPDATED: 33 min ago
    $1,139,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,356
      SQFT
    • $261
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Excellent investment opportunity! Well-maintained and highly-upgraded units, close to freeway and shopping centers. This 4-unit property features 2 buildings, each with 2 two-story townhome-style apartments w/attached garages. Perfect for an owner-occupant, or investor looking for low-turnover. Great long-term tenants and upside potential in rental income. The 2 BD/2BA units feature a 2 car garage and spacious deck. The 2BD/1.5BA units feature a 1 car garage, and private patio. All units have A/C, and inside laundry, and are individually metered for water, gas, and electric.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T22:26:23.297. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80255669

    2689 N Bourbon Street Orange, CA 92865

    • Price: $1,139,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: PW18018680
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,356
    SQFT
    $261
    $/SQFT
    1979
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    72 - Orange & Garden Grove, E of Harbor, N of 22 F
    Property Description
    Excellent investment opportunity! Well-maintained and highly-upgraded units, close to freeway and shopping centers. This 4-unit property features 2 buildings, each with 2 two-story townhome-style apartments w/attached garages. Perfect for an owner-occupant, or investor looking for low-turnover. Great long-term tenants and upside potential in rental income. The 2 BD/2BA units feature a 2 car garage and spacious deck. The 2BD/1.5BA units feature a 1 car garage, and private patio. All units have A/C, and inside laundry, and are individually metered for water, gas, and electric.
    Exterior Features

    Construction Materials StuccoWood Siding Entry Level 1 Foundation Details Slab Garage Spaces 6.00 Lot Features Up Slope From Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features Direct Garage AccessDrivewayGarage - Single DoorGarage - Two Door Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Gas Range Appliances YN Yes 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 Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Furnace Heating YN Yes Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.56 Community Features CurbsSidewalksStreet Lighting Country Us Elevation Units Feet Gardener Expense 1800.00 Gross Income 73200.00 Gross Multiplier 15.56 Gross Scheduled Income 73200.00 Insurance Expense 1586.00 Land Lease Amount 3660.00 Land Lease Amount Frequency Annually Land Lease YN Yes Laundry YN Yes Net Operating Income 51988.00 New Taxes Expense 14237.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 5 Number Of Units Leased 4 Operating Expense 21212.00 Operating Expense Percent 28.98 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Other Total Actual Rent 73200.00 Total Expenses 21212.00 Trash Expense 1380.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Marlena Baldonado of Coldwell Banker Coast Alliance.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T22:26:23.297. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003