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451 N Lemon Street

Orange, CA 92866
  • $1,900,000
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • MLS #: PW21234242
Under Contract
UPDATED: 74 min ago
$1,900,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Daniel Gray of First Team Real Estate (714-974-9191)


Description

We are pleased to present this single-story 8 Unit Project-Based HUD apartment complex in the prime real estate location of Old Towne Orange. This property is located less than 2 blocks from Chapman University, and just 4 1/2 blocks from the Old Towne Circle. The complex boasts One (1) 3 Bed / 2 Bath, Four (4) 2 Bed / 1 Bath Units, and Three (3) 1 Bed / 1 Bath Units. There are a total of 11 parking spaces on-site, with 3 shared and each unit has a dedicated space, in addition, the entire roof was replaced in 2021. The units are on 19,626 Square Feet of land and have 6,804 Livable Square Feet. This is an opportunity you won't want to miss.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T17:26:57.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122945437
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451 N Lemon Street Orange, CA 92866

  • Price: $1,900,000
  • Status: Active Under Contract
  • On Site: 81 Days
  • Updated: 74 min ago
  • MLS #: PW21234242
0
Beds
0
Baths
0
½ Baths
0.45
Acres
1954
Built
Neighborhood:
OTO - Old Towne Orange
County:
Orange
Area:
OTO - Old Towne Orange
Property Description
We are pleased to present this single-story 8 Unit Project-Based HUD apartment complex in the prime real estate location of Old Towne Orange. This property is located less than 2 blocks from Chapman University, and just 4 1/2 blocks from the Old Towne Circle. The complex boasts One (1) 3 Bed / 2 Bath, Four (4) 2 Bed / 1 Bath Units, and Three (3) 1 Bed / 1 Bath Units. There are a total of 11 parking spaces on-site, with 3 shared and each unit has a dedicated space, in addition, the entire roof was replaced in 2021. The units are on 19,626 Square Feet of land and have 6,804 Livable Square Feet. This is an opportunity you won't want to miss.
Exterior Features

Architectural Style Traditional Carport Spaces 7 Carport YN Yes Construction Materials DrywallFrameStucco Entry Level 1 Fencing MasonryWoodWrought Iron Foundation Details Slab Lot Features 6-10 Units/AcreLawnLandscapedLevelNear Public TransitRectangular Lot Number Of Separate Electric Meters 8 Open Parking Spaces 4 Other Structures Shed(S) Parking Features AssignedAsphaltCarportGuest Parking Total 11 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Appliances DisposalGas RangeRefrigeratorRange HoodWater Heater Common Walls 2+ Common WallsEnd UnitNo One AboveNo One Below Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating ElectricNatural GasWall Furnace Heating YN Yes Interior Features All Bedrooms DownBedroom On Main Level Window Features Double Pane Windows

Property Features

Association Fee 0 Association YN No Cap Rate 2.2 Common Interest None Community Features BikingCurbsGutter(S)ParkStreet LightsSidewalks Contingency Property is Part Of Hudã¢Â‚¬Â„¢S Section 8 Project-Based Program And The Sale Will Be Contingent Upon Hud ApprovalThe Buyer Will Need To Complete Hud Applications And Obtain Approval Before Close Of Escrow. Disclosures Cautions Call AgentSeller Disclosure Electric Electricity - On Property Fuel Expense 0 Garage YN No Gross Income 108516 Gross Scheduled Income 108516 Insurance Expense 12492 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 67008 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 41508 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityTelephone Total Actual Rent 8131 Trash Expense 1452 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 3300 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T17:26:57.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Daniel Gray of First Team Real Estate (714-974-9191)