• 3,052 sq.ft.
  • 7,405 sq.ft. lot
offered at $950,000
Status: Active // Property Type:
Project/Tract: Other // County: Orange // Year Built: 1961

Property Description

Once a life time opportunity to own an investment property with over 6.5% CAP rate in currently tight and popular commercial apartment triplex market, with even more potential to generate more returns from rent improvement and management. This great triplex is situated in a major and popular prime location, walking distance to shopping, school and parks. This large triplex has 3,052 sq ft on a large 7,247 lot. Built in 1961, however it was completely remodeled interior and exterior. Interior with new bath room, new kitchen, new cabinet, new flooring, new painting, granite countertop, new laminated wood floor. It has 1 set of 3bed/1bath unit, 1 set of 2bed/2bath unit, 1 set of 3bed/3bath unit, with individual meters and large patios. Even better, you could purchase the adjacent property 1609 Evergreen from the same owner to reap management and cost synergy benefits for owning both properties. What a great investment opportunity. Price per sq ft much lower than available properties in same neighborhood.

Listing Courtesy of Lucy Scott, Re/Max Luxury Properties

Exterior Features

Exterior Features: Sidewalks
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of November 8, 2019. 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.