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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,649,000

Est. payment - /mo

6,969 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26219043

HOA Y/N No

Rental Info Month To Month

Year Built 1970

Lot Size 6,969 Sqft

Property Sub-Type Quadruplex

Property Description

Ideally situated in the highly desirable South Coast Metro area, along the border of Santa Ana and Costa Mesa, this upgraded fourplex presents an exceptional investment opportunity with strong income potential and room for future rent growth. The property features an attractive unit mix consisting of one 3-bedroom, 2-bathroom unit and three 2-bedroom units, including two 2-bathroom units and one 1-bathroom unit. The property offers an ideal opportunity for both investors and owner-occupants. Live in the front unit while generating rental income from the remaining three units, or maximize the property's income potential by leasing all four units. Additional features include four private garages—one two-car garage and three one-car garages—as well as separate gas and electric meters for each unit. Each unit also has laundry hookups in its respective garage. A separate common laundry room, currently utilized for maintenance storage, offers the potential to create an additional income stream. Enjoy a convenient location near South Coast Plaza, Metro Pointe Shopping Center, the 405 Freeway, and excellent local schools. With its desirable Covington-style architecture, extensive upgrades, practical amenities, and attractive location, this fourplex offers a compelling combination of rental income, long-term appreciation potential, and future upside through rental growth.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Interior Features Open Floorplan, Bedroom on Main Level, Main Level Primary, Primary Suite

Heating Forced Air

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Range, Water Heater

Laundry Washer Hookup, In Garage, Laundry Room

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Vinyl

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights, Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Garden, Lawn, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level, Yard

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 41401326

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

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Listed by Matt Perry Arbor Real Estate 949-233-8161, DRE #01192690

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

2731 W Orion AVE Santa Ana, CA 92704

Ernie Caponera

Key Details

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Interior

Exterior

Building

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2731 W Orion AVE