670 S Prospect Street, Orange, CA 92869
Property · 2 recorded sales since 2020
Sold May 2022
Listing Agent: Reine Horn (DRE #01858437) · Listing Office: Red Door Realty and Finance · Contact: 714-724-1234 · Bought with: Lily Campbell · First Team Real Estate · MLS #OC22070252 · Source: CRMLS
About this property
Investors looking for built-in cash flow, this is it! Three, newly renovated, fully rented, income producing units on large single family lot in desirable neighborhood. One single family 2bed/1ba home plus TWO ADUS on property, all fully rented with month to month leases. The main house, 2bed 1ba, 1251sqft, was recently renovated in 2021 with new kitchen, bathroom and flooring. It’s light and bright with an open floorplan. Fully furnished, including everything needed to be short-term rental ready. The kitchen is immaculate with all new stainless steel appliances, brand new cabinets and quartz countertops. The dining room's french doors lead you out to the beautiful courtyard. The back unit ADU is a beautiful 1bed 1ba, 750sqft with central AC and washer/dryer in unit, was also renovated in 2021 with fresh paint and fixtures. Great, flowing floor plan, fully furnished (short term rental ready) and easy to rent. This unit features a renovated full kitchen with quartz countertops and all stainless steel appliances. Renovated bathroom and stackable washer/dryer in unit with a roomy bedroom. The attached ADU is an unfurnished completely brand new 1bed 1ba, 500sqft, built from the ground up with all permits, completed in 2022. Features central AC, washer/dryer in unit, and tankless water heater. Stunning new kitchen, bath and flooring. Each unit has it’s own back yard space and separate entrance. It’s located on a large corner lot with room to grow! The property can be used as short term rentals/ furnished rentals (31 days or more without permit in the City of Orange) or long term rentals. The property is close to nearby hospitals, Chapman University, and the Orange Circle. All the units are currently rented with great, responsible and friendly tenants on a month to month basis. Current tenants are super happy living in these updated units in such a nice, well located neighborhood. This is a true gem and one of a kind property, and won't come around again.
Listing description from the May 2022 sale, as reported to CRMLS.
Sale history
