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$ 4,499,000
Est. payment | /mo
8,435 SqFt
$ 4,499,000
Est. payment | /mo
8,435 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,435 sqft
Price per Sqft $533
MLS Listing ID CROC25069662
HOA Y/N No
Year Built 1944
Lot Size 0.934 Acres
Acres 0.93
Property Sub-Type Other
Property Description
Fully remodeled 2-bed, 1-bath detached units on nearly 1 acre—each featuring private yards, 1–2 car garages, and extended driveways for ample parking. Seller invested approx. $300,000 in capital improvements, including luxury vinyl plank flooring, quartz countertops, new cabinets, upgraded bathrooms, split AC systems, and dual-pane windows. Tenants pay all utilities; owner only covers gardening. Rents are currently 10–20% below market, offering excellent upside. CAP rate is 5.86% with minimal operating expenses. Development Potential: City has preliminarily approved 4 additional units, with garage-to-ADU conversion potential. Zoning may allow up to 18 units with density bonus (buyer to verify). A rare opportunity to acquire a high-performing asset with strong cash flow and significant redevelopment potential!
Location
State CA
County Orange
Interior
Heating Other
Cooling Other
Flooring Vinyl
Fireplace No
Laundry Inside
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 19823108
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Listed by Long Nguyen • Advance Estate Realty