Last viewed 14 days ago

1914 E Adams Ave., Orange 92867

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Last viewed 14 days ago

1914 E Adams Ave., Orange 92867

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Description

Upside in rents – market rents are approx. $2,300 for 2 bdrm units and $1,650 for 1 bdrm units. 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.


FACTS & FEATURES

• Listed On 5/8/2020
• Original List Price of $786,250
• 1 Buildings
• Levels: Two
• 6 Total parking spaces
• Cooling: Wall/Window Unit(s)
• Heating: Wall Furnace
• Laundry: Outside
• $52,200 Gross Scheduled Income
• $49,156 Net Operating Income
• 3 electric meters available
• 3 gas meters available
• 1 water meters available

EXTERIOR
• Lot Features: 2-5 Units/Acre, Corner Lot, Yard
• Fencing: Average Condition, Wood
• Sewer: Sewer Paid


ANNUAL EXPENSES

• Total Operating Expense: $13,485
• Electric: $0.00
• Gas: $0
• Furniture Replacement:
• Trash: $408
• Cable TV:
• Gardener:
• Licenses:
• Insurance: $1,000
• Maintenance:
• Workman’s Comp:
• Professional Management:
• Water/Sewer: $1,440
• Other Expense:
• Other Expense Description:

 

UNITS BEDS BATHS GARAGE FURNISHED ACTUAL RENT TOTAL RENT PRO FORMA
1 2 1 1 Unfurnished $1,600 $1,600 $2,300
1 2 1 1 Unfurnished $1,550 $1,550 $2,300
1 1 1 1 Unfurnished $1,200 $1,200 $1,650

NO. OF UNITS WITH:

• Separate Electric: 3
• Gas Meters: 3
• Water Meters: 1
• Carpet:
• Dishwasher:
• Disposal:
• Drapes:
• Patio:
• Ranges:
• Refrigerator:
• Wall AC:

ADDITIONAL INFORMATION

• xxxxxxxxxxxxx
• Rent Controlled
• xxxxxxxxxxxxx
• Orange County
• Parcel # 37554210
Item Features
This item is for pickup only!

The seller requests you pick-up this item in person.

The item is located in , Unknown. Full address details are provided after purchase.

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PROPERTY IS IN ESCROW

Auction Finished
  • Auction Started:
    October 1, 2020 8:06 PM
  • Auction Ended:
    January 10, 2022 6:52 AM
  • Total Bidders:
    0
  • Start Price:
    US $786,000
  • End Price:
    US $786,250
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