Est. cap rate

2.2%

Assumed rent, all units

$5,760/mo

Units

2

Price per unit

$794,500

Est. annual NOI

$34,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,991 sqft

Lot size

6,325 sqft

Year built

1956

Stories

1

Garage spaces

2

Heating

See Remarks

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

214

MLS #

239236864

About this property

TWO ON A LOT! Great opportunity to own a remodeled Two on a Lot in Charming Old Towne Orange. Front home is 1,116 square feet with 3 bedrooms, 2 baths and a 1 car attached garage with laundry, tile flooring and fenced front yard. Rear home is 875 Square feet with 2 bedrooms, 1 bath, newer vinyl plank flooring, an attached 1 car garage with laundry and a "To Die For" back yard with a covered patio, above-ground spa and built-in storage shed. Perfect for multi-family or potential income. Recent extensive remodeling include both kitchens and all 3 bathrooms in both units. Mini-Splits and AC wall units, newer flooring, newer roof, mostly newer windows, in both units. Quartz counter tops, stainless steel appliances (rear unit only), decorator tile and so much more! currently use as a multi-family.

Location

151 S Parker Street

Orange, Orange, CA, 92868