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2032 E Stearns Ave - Duplex in Orange, CA 2 Unit Apartment Building Offered at $1,295,000 at a 3.39% Cap Rate Orange, CA 92866
INVESTMENT HIGHLIGHTS
- Found in the highly sought after rental market of Orange, CA
- Single-Story Construction
- Upside in Rental Income
- Excellent Unit Mix Consisting of one (1) 3BD/2BA unit and one (1) 2BD/2BA unit
- Proximity to Downtown Orange and Chapman University
EXECUTIVE SUMMARY
- Property is found in the highly desirable residential rental community of Orange, CA
- Excellent Unit Mix which includes one (1) 3BD/2BA and one (1) 2BD2 BA unit
- Proximity to Downtown Orange and Chapman University (2.4 miles)
- Attached Garages with Direct Access to each unit and private backyard space as well
- Residential Financing Available for 1-4 unit properties; call the listing agent for more details
- Proximity to major transportations routes, including the 22 and 55 freeways
- Potential for a “House-Hacking” investment; I.E. live in one unit and rent out the other
- Excellent Unit Mix which includes one (1) 3BD/2BA and one (1) 2BD2 BA unit
- Proximity to Downtown Orange and Chapman University (2.4 miles)
- Attached Garages with Direct Access to each unit and private backyard space as well
- Residential Financing Available for 1-4 unit properties; call the listing agent for more details
- Proximity to major transportations routes, including the 22 and 55 freeways
- Potential for a “House-Hacking” investment; I.E. live in one unit and rent out the other
PROPERTY FACTS
| Price | $1,295,000 | Apartment Style | Garden |
| Price Per Unit | $647,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.39% | Building Size | 2,165 SF |
| Gross Rent Multiplier | 18.45 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2019 |
| Price | $1,295,000 |
| Price Per Unit | $647,500 |
| Sale Type | Investment |
| Cap Rate | 3.39% |
| Gross Rent Multiplier | 18.45 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,165 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2019 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,140 | 1,250 |
| 2+2 | 1 | $2,710 | 913 |
PROPERTY TAXES
| Parcel Number | 390-192-33 | Improvements Assessment | $105,234 |
| Land Assessment | $34,721 | Total Assessment | $139,955 |
PROPERTY TAXES
Parcel Number
390-192-33
Land Assessment
$34,721
Improvements Assessment
$105,234
Total Assessment
$139,955
MAP
ADDITIONAL PHOTOS
Aerial (1)
Aerial (3)
Aerial- Stearns (2)