457 N Batavia Street

    Orange, CA 92868
    • $3,299,000
    • STATUS: Active
    • ON SITE: 144 days
    • ID#: PW18103969
    UPDATED: 51 min ago
    $3,299,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,500
      SQFT
    • $600
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Ratings & Info

    Description

    Student Housing/Rental Property *Approximately 5500 square foot property with parking for 15. Easily house 20 students. Indoor and outdoor parking. $190,800 in gross annual rents. Professional Property Management in place. House fully refinished/turn-key. Updated plumbing, electric, Appliances. Private laundry room with 2 washer / 2 dryers for tenants. High speed internet wired to property with meshed WiFi for student productivity. Excellent investment opportunity with great rental upside. Possibility of Mills Act, Excellent R-3 property! This is a unique turn key opportunity. CAP rate of approximately 3.7 at current rental rate. Do not disturb tenants!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-25T18:29:41.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/83218161

    457 N Batavia Street Orange, CA 92868

    • Price: $3,299,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: PW18103969
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    5,500
    SQFT
    $600
    $/SQFT
    1931
    Built
    Neighborhood:
    OTO - Old Towne Orange
    County:
    Orange
    Area:
    OTO - Old Towne Orange
    Property Description
    Student Housing/Rental Property *Approximately 5500 square foot property with parking for 15. Easily house 20 students. Indoor and outdoor parking. $190,800 in gross annual rents. Professional Property Management in place. House fully refinished/turn-key. Updated plumbing, electric, Appliances. Private laundry room with 2 washer / 2 dryers for tenants. High speed internet wired to property with meshed WiFi for student productivity. Excellent investment opportunity with great rental upside. Possibility of Mills Act, Excellent R-3 property! This is a unique turn key opportunity. CAP rate of approximately 3.7 at current rental rate. Do not disturb tenants!
    Exterior Features

    Garage Spaces 3.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances Built In RangeDishwasherGarbage Disposal Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring TileVinylWood Heating Central Furnace Heating YN Yes Laundry Features Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.72 Community Features Curbs Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2400.00 Gross Income 0.00 Gross Scheduled Income 193200.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN Yes Net Operating Income 142100.00 New Taxes Expense 40000.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 48700.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 45600.00 Trash Expense 0.00 Utilities Cable Available Vacancy Allowance Rate 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Ferraiz of The Kennedy Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-25T18:29:41.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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