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756 N Shattuck PL Orange, CA 92867
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Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24163383
Sold Date 11/04/24
HOA Y/N No
Year Built 1959
Lot Size 8,132 Sqft
Property Description
A value-add investment opportunity
located in the City of Orange. Each of the four units features 2
bedrooms and 1 baths, totaling 3,360 square feet."
Property Overview:
Given the property's location in the City of Orange, surrounded by multi-unit
properties, residential homes, and retail stores, it seems well-positioned for
rental income and property appreciation. Here are some factors to consider:
Rental Income Potential
High Demand for Rentals: Proximity to retail stores and residential areas often
indicates a higher demand for rental properties. Tenants often prefer locations
with easy access to shopping, dining, and other amenities.
Rental Rates: Research the current rental rates in the area for similar properties.
This will give you a good idea of the potential income you can generate.
Occupancy Rates: Check the occupancy rates of similar properties in the vicinity.
High occupancy rates are a positive indicator of strong rental demand.
Property Appreciation Potential
Location: The City of Orange is known for its charming neighborhoods and historic
districts, which can contribute to property value appreciation over time.
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Ensuite Laundry Washer Hookup, Inside
Interior
Interior Features All Bedrooms Down
Laundry Location Washer Hookup,Inside
Heating Wall Furnace
Cooling None
Fireplaces Type Bath, Family Room, Gas, Kitchen, Primary Bedroom, None
Fireplace No
Laundry Washer Hookup, Inside
Exterior
Garage Carport
Carport Spaces 4
Pool None
Community Features Curbs
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Parking Type Carport
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Sewer Tap Paid
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 38630207
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Trust
Read Less
Bought with Ali Jahanshahi • Keller Williams Realty N. Tustin
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