312 E Meats, Orange, CA, CA 92865
- $1,175,000
- List Price
- $1,175,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- PW26145340
- County
- Orange
- Year Built
- 1973
- Building Square Feet
- 2,744
- Square Feet
- 9,148
- Days on Market
- 26
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Investment Opportunity in the Heart of Orange. A rare value-add opportunity for investors: this triplex is priced to reflect two known capital items: a repipe and a new roof over the garage only (with estimates available). Complete the work and step into equity upside. Additional equity opportunity with further renovations. The property is comprised of one 3-bedroom, 2-bath unit and two 2-bedroom, 1-bath units, occupied by long-term tenants in a highly desirable rental pocket. Parking onsite including three garage spaces (2-car and a 1-car), plus an on-site laundry room offering additional income potential. Location is unbeatable: just down the street from Chapman University, the Orange Circle, and all the offerings of Old Town Orange--shops, dining, and services. Got a train to catch? Orange Transportation Center (OTO) is located just 2.7 miles away and the Anaheim Canyon Station is only 3.3 miles out — plus easy access to local freeways. This is a well-located, income-producing asset with a clear path to added value.
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Additional Information
- Parcel Number
- 37443106
- Rent Control
- Yes
- Gross Scheduled Income
- $64,200
- Operating Expense
- 4252
- Net Operating Income
- $59,948
- Number of Buildings
- 1
- Lot Features
- Corner Lot
- Appliances
- Disposal
- Fireplace Description
- Wood Burning
- View
- None
- Roof
- Composition
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Suburban, Sidewalks
Listing courtesy of Listing Agent: Marc Smith (marc@freedomfirstproperties.com) from Listing Office: Freedom First Properties.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.