Est. cap rate

2.1%

Assumed rent, all units

$5,400/mo

Units

2

Price per unit

$787,500

Est. annual NOI

$32,400

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

2,728 sqft

Lot size

18,295 sqft

Year built

1977

Stories

1

Garage spaces

4

Style

Ranch

Heating

Central

Cooling

Central Air

Pool

None

View

Mountain(s)

Status

Active

Days on market

65

MLS #

246961749

About this property

Great new!! RARE INVESTMENT OPPORTUNITY IN ORANGE HILLS! Imagine a duplex on a spacious 18,000-square-foot lot with approximate 2800 living space the sellers are aiming to wrap up the new roof by the end of this month. Imagine a duplex on a spacious 18,000-square-foot lot and approximate 2800 living space—a fantastic opportunity to boost your investment! You could live in one side while you plan your next project, or lease both units for instant, steady cash flow. Located in the highly desirable Orange Hills area, just south of Chapman, this unique property offers stunning views of the iconic Orange County Mining Co. hills. This duplex is on a large lot, giving you the flexibility to turn it into an additional ADU building. Each of the two identical units, about 1400 square feet, features a spacious, mirror-image layout with three bedrooms, two bathrooms, a master bedroom with a walk-in closet and a private bath with two sinks, and a private two-car garage. The layout ensures structural privacy between the units, connected by a garage wall and master bath, so tenants will be happy or you can create the perfect setup for an owner-occupant. The left side unit has always been a reliable rental unit for years on a comfortable 5,000-square-foot lot, providing immediate cash flow. The other side is a well-maintained, owner-occupied unit on a huge 13,000-square-foot lot. The yard is absolutely beautiful, filled with fruit trees like apples, oranges, pomegranates, and lemons, giving it that vineyard feel with a serene and peaceful atmosphere. This massive yard is the perfect canvas for developers to add detached units, build Accessory Dwelling Units (ADUs), or restructure the parcel to maximize unit density. You could live in the owner’s suite while you plan your next project. Bring your contractor, check the zoning rules, and secure a great return on your investment today! Drive-by only to start.

Location

175 S Woodlawn Drive

Orange, Orange, CA, 92869