646 S Grand Street, Orange, CA 92866
- $2,895,000
- List Price
- $2,895,000
- Status
- ACTIVE
- MLS#
- PW26150335
- Year Built
- 1963
- Lot Size
- 12,632
- Acres
- 0.29
- Lot Location
- 0-1 Unit/Acre, Cul-De-Sac, Irregular Lot, Landscaped, Near Park, Near Public Transit, Sprinkler System
- Days on Market
- 16
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
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 pathway between Hart Park and the Old Towne Orange Plaza. Long time owner and long term tenants, all on month to month leases.
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Drywall, Stucco
- Roof
- Composition, Shingle
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $168,288
- Operating Expense
- 47871
Listing courtesy of Listing Agent: Albert Ricci (AlRicci@RicciRealty.com) from Listing Office: Ricci Realty.
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