Est. cap rate

2.8%

Assumed rent, all units

$4,600/mo

Units

2

Price per unit

$499,500

Est. annual NOI

$27,600

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

Bathrooms

2

Building size

1,555 sqft

Lot size

4,356 sqft

Year built

1928

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

View

Neighborhood

Status

ComingSoon

Days on market

0

MLS #

248833721

About this property

Charming Vintage Property in a Prime Orange Location! Built in 1928, this single-story property at 413/415 N Center Street offers a unique opportunity just steps from Chapman University and moments from the historic Old Towne Orange Circle. Currently configured as two separate living units, each with its own front entry, the property features a 1-bedroom, 1-bathroom layout with a kitchen and family room in each unit. A shared center dividing wall separates the spaces, while a quaint front patio adds to the property's character. Situated on a 4,356-square-foot lot, the property offers exciting possibilities for investors, owner-users, or those exploring future expansion potential. The long driveway provides convenient off-street parking for multiple vehicles. Enjoy an exceptional location near Chapman University, the restaurants, antique shops, boutiques, and galleries of the Orange Circle, with easy access to parks, schools, shopping, Angel Stadium, Honda Center, Disneyland, and other popular Southern California destinations. A rare opportunity to own a property with character, versatility, and potential in one of Orange County's most desirable historic communities. Property is tenant-occupied.

Location

413 N Center

Orange, Orange, CA, 92866