227 W Mayfair Avenue, Orange, CA 92867
Property · 2 recorded sales since 2019
Sold February 2020
Listing Agent: Gary Tolfa (DRE #00955403) · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Steve Ambuehl · Ricci Realty · MLS #PW19258776 · Source: CRMLS
About this property
Pleased to present an opportunity to acquire a three-unit income property located in Old Towne Orange, CA. Built in 1955 and EXTENSIVELY renovated in 2019, the property offers a good mix of 1 and 2 bedroom units with a large backyard and ample parking. Each unit features a one car garage and additional driveway parking. The Mayfair Apartments offers an investor the opportunity to purchase a fully occupied income property with STRONG rental upside and long-term tenants. The property is conveniently located walking distance to Chapman University and the historical Orange Circle Plaza with shopping and many restaurants just around the corner. The building has been outfitted to operate EFFICIENTLY with low expenses and new upgrades. The plumbing has been replaced and updated to PVC. The current CAP RATE is 4.7%, with the cash on cash return projected above 6%. A detailed sheet on All renovations is available at request.
Listing description from the February 2020 sale, as reported to CRMLS.
Sale history
