529 S Hill Street

    Orange, CA 92869
    • $999,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: OC19073821
    New On Site 3 Days Ago
    UPDATED: 65 min ago
    $999,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,500
      SQFT
    • $285
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Check out this 6%+ cap rate; over 10% cap rate if leveraged! Fully occupied with tenants in all 4 units with long term leases. Ideally located in Panorama Heights Area of Orange, across the street from El Modena Park and short walk to Jordan Elementary School and El Modena Library. Gorgeous City Lights and Clear Day Catalina Views. Two spacious units upstairs and downstairs in the front building, with 2 studio units in the rear. Recently painted and remodeled, many fine features and improvements include wood laminate flooring, ceiling fans, cozy fireplaces, updated light and bright kitchens with new cabinetry, matching appliances, updated countertops and faucets, updated bathrooms, new water heaters, and a convenient community laundry area. Private side yard patio and huge front patio perfect for entertaining and relaxing. Assigned uncovered parking spaces and street parking available as well. Great location close to parks, local schools, recreation, shopping, dining, and entertainment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-05-19T11:35:16.677. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.j1re.com/homes/94808568

    529 S Hill Street Orange, CA 92869

    • Price: $999,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: OC19073821
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,500
    SQFT
    $285
    $/SQFT
    1948
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    75 - Orange, Orange Park Acres E of 55
    Property Description
    Check out this 6%+ cap rate; over 10% cap rate if leveraged! Fully occupied with tenants in all 4 units with long term leases. Ideally located in Panorama Heights Area of Orange, across the street from El Modena Park and short walk to Jordan Elementary School and El Modena Library. Gorgeous City Lights and Clear Day Catalina Views. Two spacious units upstairs and downstairs in the front building, with 2 studio units in the rear. Recently painted and remodeled, many fine features and improvements include wood laminate flooring, ceiling fans, cozy fireplaces, updated light and bright kitchens with new cabinetry, matching appliances, updated countertops and faucets, updated bathrooms, new water heaters, and a convenient community laundry area. Private side yard patio and huge front patio perfect for entertaining and relaxing. Assigned uncovered parking spaces and street parking available as well. Great location close to parks, local schools, recreation, shopping, dining, and entertainment.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Wrought Iron Garage Spaces 0.00 Lot Features 2-5 Units/AcrePark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedParking SpaceStreet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Spanish Tile Spa Features None Spa YN No View CatalinaCity LightsPark/GreenbeltPeek-A-Boo View YN Yes

    Interior Features

    Appliances DishwasherGas CooktopMicrowave Appliances YN Yes Average Studio Area 300 Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1522 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Door Features French DoorsMirror Closet Door(S)Sliding Doors Fireplace Features Living RoomMaster Bedroom Fireplace YN Yes Flooring Laminate Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(S)Recessed Lighting Laundry Features Common Area Levels OneTwo Room Type Family RoomKitchenLiving RoomMain Floor BedroomMaster BathroomMaster BedroomWalk-In Closet Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 2598.00 Elevation Units Feet Fuel Expense 2118.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 1200.00 Gross Income 0.00 Gross Scheduled Income 92100.00 Insurance Expense 1251.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 0.00 Laundry YN Yes Net Operating Income 70903.00 New Construction YN No New Taxes Expense 11984.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 4 Number Wall AC 4 Number With Carpet 0 Number With Dishwasher 2 Number With Drapes 0 Number With Patio 1 Number With Range 4 Number With Refrigerator 2 Operating Expense 21197.00 Pest Control Expense 744.00 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays Cable TvTelephone Total Actual Rent 7675.00 Total Expenses 21197.00 Trash Expense 480.00 Water Sewer Expense 822.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jordan Bennett of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-05-19T11:35:16.677. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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