Duplex · 2 recorded sales since 2012
Listing Agent: Jordan Bennett (DRE #01850869) · Listing Office: Regency Real Estate Brokers · Contact: 949-707-4400 · Bought with: Andrea Megerdichian · Coldwell Banker Hallmark · MLS #OC23091776 · Source: CRMLS
Excellent investment opportunity!!! Permitted Duplex ideally located in a high demand rental area very close to Cal State Fullerton, Hope Intl University, Old Town Placentia, an abundance of shopping and dining, adjacent to 3 local churches, including Saint Joseph’s Catholic Church & School, and just across the street from Valencia High School with just a short walk to Ruby Drive Elementary, Kraemer Middle School, and Kraemer Memorial Park, plus easy 57 and 91 Freeway access. Both units will be delivered vacant. Pro forma rents once rehabbed will be $2800 for the two bedroom and $2300 for the one bedroom. Two parking spots (one garage and one driveway) for each unit. Should be well over a 5% cap rate factoring the remodel cost and renting these units at full market value!
Listing description from the July 2023 sale, as reported to CRMLS.