1914 E Adams Avenue, Orange

$925,000

0 Beds
0 Baths
2,820 Sqft
.19 Acres
3 Garages

Upside in rents - market rents are approx. $2,300 for 2 bdrm units and $1,650 for 1 bdrm units. Only 12.3 x gross on market rents and 6.07% cap rate and 7% cash on cash return on market rents. Freshly painted triplex located on corner lot. Two units are two bedroom 1 bath. These two units are townhouse two story style. Third unit is one bedroom and bathroom located upper level over three one car garages. The two story units have first floor fireplaces and laundry hookups on patio off kitchen. Newer vinyl windows. Separate water heaters for each unit. Two new water heaters. Separate enclosed garage for each unit. Very low expenses – owner pays for water, trash, insurance and annual fire inspection only. Good long term tenants. Huge lot with possibility to add another unit and open back fence for more parking pads, carports or garages. Excellent location - Walking distance to Tustin Ave. Close proximity to plenty of restaurants, the U.S. Post Office and shopping. Close to 55 freeway and Chapman University.

Essential Information
MLS® #PW20007117
Price$925,000
Bathrooms0.00
Square Footage2,820
Acres0.19
Year Built1960
TypeResidential Income
StatusActive
Community Information
Address1914 E Adams Avenue
AreaWrigley Area (5)
CityOrange
CountyOrange
StateCA
Zip Code92867
Amenities
Parking Spaces6
# of Garages3
Interior
HeatingWall Heater
CoolingWall or Window Units
FireplaceYes
# of Stories2
StoriesTwo
Exterior
RoofComposition
FoundationConcrete Slab
Lot Description

2-5 Units/Acre, Corner Lot, Yard

Additional Information
Date ListedJanuary 10th, 2020
Days on Market143
Listing Details
AgentMichael Lembeck(01019397)
OfficeRe/Max Property Connection
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Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2020 at 1:26am PDT. 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.