1915 N Highland St - Apartments FOR SALE


Orange, CA 92865
$2,500,000 USD
423-693-8706
1915 N Highland St, Orange, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/4
null | 3.55% Cap Rate

1915 N Highland St
Orange, CA 92865


HIGHLIGHTS

  • Near major retailers - Target and Home Depot
  • Closed garages and Onsite laundery room.
  • Open space in common area and some fence yards.

OVERVIEW

This opportunity offers a 5-unit multifamily investment with historically low vacancy. The unit mix is an attractive (2) three-bedroom two two-bath, (2) two-bedroom two two-bath and (1) two-bedroom (1) one-bat. All units have some updated. Three units have wood flooring, and one unit has tile flooring. The 2-bedroom units have a single garage, the 3-bedroom units have a double garage, and additional open parking spaces are on site. The laundry room is included for added income. Property Highlights • 5-Plex Garden Low Rise • (2) Three Bedroom, Two Bath Town House Style • (1) Two Bedroom, Two Bath • (1) Two Bedroom, One Bath • Garage, Laundry Room, and Patio/Balcony • Well Maintained Rental Property • Near Shops and Restaurants and Minutes from the Village of Orange • Excellent Schools • Freeway Access 55, 22 & 91 Page 4: Property Details – need high resolution jpeg of property Sale Price: $2,500,000 Units: 5 Cap Rate: 3.75 Current Feeland: NOI: $88,728 APN: 372-313-09 Lot Size: 11.200/0.26 Building Size: 5,478 Building Class: C Year Built: 1973 Zoning: R-3 Foundation: Concrete Walls: Wood Fram Stucco Roof: Pitched Cross Streets: Coral Street The subject property is located in a quiet neighborhood within the City of Orange with close proximity to the affluent residential neighborhoods of Villa Park and Orange Park Acres. This location offers easy access to the 55 Freeway and is near many shops and restaurants located along Tustin Street.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

3.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,348 SF

ZONING

R3, Orange

APN/PARCEL ID

372-313-09

ASK ABOUT THIS PROPERTY

Roger NiezCharter CommercialMore Info
423-693-8706

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Roger NiezCharter CommercialMore Info
423-693-8706

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.