This is a rare offering of a single-story duplex apartment building with a great location! This property is literally Brea-adjacent. The side yard fence s at the city limit with the city of Brea. Yorba Linda is less than one-half mile to the east. Brea Union Plaza is one-half mile to the west. lmperial Highway is a quarter-mile north and the Orange (57) Freeway and Brea Mall are less than two miles to the west. California State University, Fullerton is approximately two and one-half miles to the west. The spacious three bedroom/one and three-quarter bath units are each 1,291 square feet in size. Each unit has an enclosed two-car garage. Because the property is at the end of a cul-de-sac street, thee is a large concrete drively apron with four additional off-street parking spaces. The units feature central heating and air conditioning, vaulted living room ceilings, fireplaces and private patios and yards..Water, gas and electricity are separately metered and paid by the tenants. Landscape costs are paid by the tenants. The highly-rated Golden Elementary School is within a short walk. Because these apartments are so spacious and well-located, there is rarely a vacancy. The apartments are rented on a month-to-month basis and one tenant vacated recently. The owner has elected to leave that apartment vacant so that it can be shown to prospective purchases by appointment. This property could also make a great residence for a multi-generational family or would be perfect for purchase by two parties who wish to own a property and occupy one or both apartments. The rental rate at the one occupied apartment is low--$2,900 per month. The rental rate for that apartment has not been raised for the last two years. The projected market rental rate for each apartment is $3,600 per month. At the latter rates, the GRM for the property would be 16.8 and the capitalization rate would be 4.13%. The property has a recent professional appraisal, termite report and inspection report, which would make the property an easy choice as replacement property for a Section 1031 exchange.