1819 E Grove Avenue, Orange, CA 92865

About this property

This nicely renovated four-unit multifamily property is located near Downtown Orange, California. The asset offers 100% two-bedroom / one-bathroom units. The property is renovated inside, and nicely landscaped in the front. There are four garages, plus two extra rented spots being units by the tenants, which is a nice amenity in the densely populated city. Each unit also has washer and dryer hookups. The unit amenities are comprised of new cabinets, countertops, vanities, and flooring. Each unit is individually metered for gas & electricity and there is no owner gas or electric bill. The exterior renovation in 2018 included new asphalt, double pane vinyl windows, and exterior paint.
 
 This property is in a central City of Orange location across from the Mall of Orange and right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city.

Listing description from the August 2019 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold August 2019 · orig. $1,250,000, on market April 2019 · MLS #OC19095702 · Source: CRMLS

Listing Agent: Mark Bridge · Listing Office: Mark Bridge, Broker · Contact: 949-474-4004 · Bought with: Michael Pacaud · Harcourts Prime Properties

$710,000

Sold December 2013 · listed $769,000, on market October 2013 · MLS #PW13209749 · Source: CRMLS

Listing Agent: Matthew Reyna · Listing Office: Prudential California Realty · Contact: 714-524-4100 · Bought with: PWRNONMEMBER PWRNONMEMBER · PWNONMEMBER

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