Orange CA  home offered at $1,270,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

2689 N Bourbon Street
Orange, California CA 92865-2447
Price: $1,270,000
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Listing ID: OC19093110
Price/SqFt: $291.42
Status: Active
SqFt: 4,358 Sq Ft
Acres: 0.190 Acres
Year Built: 1979

2689 North Bourbon Street is a 4-unit multifamily investment property located in Orange, California. Built in 1979 on a 0.19-acre lot, 2689 North Bourbon Street consists of two-bedroom townhomes measuring over 1,000 SF. The property offers amenities including garage parking, private patios or decks, and in-unit laundry. Each unit has separate meters: gas, water and electricity and their own central heat and A/C. The average household income in Orange is projected to grow approximately 14.5 percent by 2022 and the vacancy rate within a one mile radius of the subject property is just 1.9 percent. 2689 North Bourbon Street offers investors the opportunity to capitalize on these strong market trends that should increase rental income by approximately 12 percent. In addition, 2689 North Bourbon Street strategic location in close proximity to the California State Route 55 and 91 interchange provides residents with convenient access to employment hubs in surrounding cities.

Primary Features

County: Orange
Lot Features: Landscaped
MLS Area Major: 699 - Not Defined
Special Listing Conditions: Standard
Year Built: 1979

Additional

Association: no
Community Features: Sidewalks
Land Lease: yes
Laundry Features: Inside
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Acres
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 4
Number Of Units Leased: 4
Number Of Units Total: 4
Other Expense Description: Other
Property Attached: no
Senior Community: no
Tax Lot: 9
Tax Tract Number: 10444
Vacancy Allowance Rate: 3
Water Source: Public
Year Built Source: Assessor

Interior Features

Common Walls: No Common Walls
Garage Spaces: 6
Levels: Two
Stories Total: 2

Financial Details

Electric Expense: 270
Fuel Expense: 270
Gross Income: 93360
Gross Operating Income: 90559
Gross Scheduled Income: 93360
Insurance Expense: 1586
Land Lease Amount: 3660
Land Lease Amount Frequency: Annually
Maintenance Expense: 2400
Net Operating Income: 64621
New Taxes Expense: 14421
Operating Expense: 25939
Other Expense: 6452
Rent Control: no
Total Actual Rent: 7780
Total Expenses: 26203
Trash Expense: 270
Water Sewer Expense: 270

External Features

Lot Size Area: 0.19
Lot Size Square Feet: 8276.4
Number Of Buildings: 2
Parking Total: 6
Pool Features: None
Private Pool: no
Sewer: Public Sewer

Location Information

Country: US

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Tyler Leeson from Marcus & Millichap RE Invest . Last updated Sunday, July 21st, 2019.

Contact - Listing ID OC19093110

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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