646 S Grand St - Apartments FOR SALE


Orange, CA 92866
$2,595,000 USD
714-633-3600
646 S Grand St, Orange, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/32
null | 3.75% Cap Rate

646 S Grand St
Orange, CA 92866


HIGHLIGHTS

  • Borders Hart Park
  • Close to Commuter Freeway
  • Walkable Historic District
  • Dedicated Parking

OVERVIEW

8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking highway between Hart Park and the Old Towne Orange Plaza.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

8

PRICE/UNIT

$324,375

CAP RATE

3.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,667 SF

ZONING

R-2-6

APN/PARCEL ID

390-111-04

ASK ABOUT THIS PROPERTY

Albert RicciRicci RealtyMore Info
714-633-3600

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Albert RicciRicci RealtyMore Info
714-633-3600

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