Est. cap rate

3.5%

Assumed rent, all units

$9,640/mo

Units

4

Price per unit

$412,250

Est. annual NOI

$57,840

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

Quadruplex

Bedrooms

4

Building size

4,345 sqft

Lot size

6,970 sqft

Year built

1970

Stories

2

Garage spaces

4

Style

Traditional

Heating

Forced Air

Cooling

None

Pool

None

Status

Active

Days on market

0

MLS #

248834704

About this property

Ideally situated in the highly desirable South Coast Metro area, along the border of Santa Ana and Costa Mesa, this upgraded fourplex presents an exceptional investment opportunity with strong income potential and room for future rent growth. The property features an attractive unit mix consisting of one 3-bedroom, 2-bathroom unit and three 2-bedroom units, including two 2-bathroom units and one 1-bathroom unit. The property offers an ideal opportunity for both investors and owner-occupants. Live in the front unit while generating rental income from the remaining three units, or maximize the property's income potential by leasing all four units. Additional features include four private garages—one two-car garage and three one-car garages—as well as separate gas and electric meters for each unit. Each unit also has laundry hookups in its respective garage. A separate common laundry room, currently utilized for maintenance storage, offers the potential to create an additional income stream. Enjoy a convenient location near South Coast Plaza, Metro Pointe Shopping Center, the 405 Freeway, and excellent local schools. With its desirable Covington-style architecture, extensive upgrades, practical amenities, and attractive location, this fourplex offers a compelling combination of rental income, long-term appreciation potential, and future upside through rental growth.

Location

2731 W Orion Avenue

Santa Ana, Orange, CA, 92704