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    241 S Park Lane

    Orange, CA 92866
    • $949,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: RS20264253
    UPDATED: 31 min ago
    $949,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,327
      SQFT
    • $408
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Great Investment Opportunity, Very Nice Curb Appeal. All three units have a private back patio and their own garage with new doors. Spacious Bedrooms, All units have been remodeled within the past 5 years. The property is located near Historic Old Town Orange and Chapman University. Long Term Tenants. Do Not Disturb Tenants, Drive By Only, Subject to Inspection.One unit will be delivered vacant so great opportunity for First Time Home buyer, or somebody who plans on living in one unit and renting out others.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T07:26:32.813. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113080528
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    241 S Park Lane Orange, CA 92866

    • Price: $949,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: RS20264253
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,327
    SQFT
    $408
    $/SQFT
    1961
    Built
    Neighborhood:
    OTO - Old Towne Orange
    County:
    Orange
    Area:
    OTO - Old Towne Orange
    Property Description
    Great Investment Opportunity, Very Nice Curb Appeal. All three units have a private back patio and their own garage with new doors. Spacious Bedrooms, All units have been remodeled within the past 5 years. The property is located near Historic Old Town Orange and Chapman University. Long Term Tenants. Do Not Disturb Tenants, Drive By Only, Subject to Inspection.One unit will be delivered vacant so great opportunity for First Time Home buyer, or somebody who plans on living in one unit and renting out others.
    Exterior Features

    Architectural Style Bungalow Construction Materials Stucco Direction Faces West Exterior Features Rain Gutters Fence YN Yes Fencing Brick Foundation Details Slab Garage Spaces 3.00 Lot Features Cul-De-SacLevel With Street Lot Size Dimensions 97 X 68 X 119 X 64 Lot Size Units Square Feet Parking Features AssignedGarage Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No Uncovered Spaces 5.00 View None View YN No

    Interior Features

    Appliances Gas & Electric RangeGas Oven Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 700 Average1 Bed Area Units Square Feet Average2 Bed Area 826 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Wall Furnace Heating YN Yes Interior Features Granite CountersOpen Floorplan Laundry Features Common AreaCommunityDryer IncludedElectric Dryer HookupGas & Electric Dryer HookupGas Dryer HookupWasher HookupWasher Included Room Type All Bedrooms DownMain Floor Bedroom Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.50 Community Features CurbsGuttersSidewalks Country Us Current Financing Conventional Electric Standard Electric Expense 588.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 720.00 Gross Income 63912.00 Gross Multiplier 14.85 Gross Operating Income 63912.00 Gross Scheduled Income 63912.00 Improvements Percent 13.00 Insurance Expense 1496.00 Land Lease YN No Land Value Percent 87.00 Laundry Equipment Own Lease Own Laundry Income 0.00 Laundry YN Yes Lot Dimensions Source Public Records Net Operating Income 51880.00 New Construction YN No New Taxes Expense 9870.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number With Carpet 1 Number With Disposal 3 Number With Patio 3 Number With Range 3 Operating Expense 12032.00 Personal Property Percent 0.00 Pest Control Expense 600.00 Professional Management Expense 4200.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 7995.00 Tax Rate 1.04 Tax Year 2020 Tenant Pays Electricity Total Actual Rent 5326.00 Total Expenses 21902.00 Trash Expense 1872.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Walk Score 70 Water Sewer Expense 2556.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Nick Thompson of Embassy Financial Group Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T07:26:32.813. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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