$1,650,000
$1,575,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 06/15/2021
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21118882
Sold Date 06/15/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1969
Lot Size 7,405 Sqft
Property Description
2313 Franzen Avenue is a meticulously maintained, Covington style 4-plex in North East Santa Ana; bordering North Tustin and Orange. The property is ideally located within the Orange Unified School District boundaries and is freeway close with the 55 and 22 freeways just minutes away. The residential style of architecture and strategic unit mix has proven to be in high demand since the concept was introduced in the 60's and 70's. The subject property boasts an attractive unit mix of (1) 3 bedroom 1.75 bath, (2) 2 bedroom 1.75 bath, and (1) 1 bedroom 1 bath units which have balconies (upstairs) and patios (downstairs). The current annual income is $94,440 so a new owner will not need to aggressively raise rents to achieve market level rents. The Franzen Avenue 4-plex is a turnkey apartment building with great rents in a location that will be sought after for years to come.
Location
State CA
County Orange
Area Nts - North Tustin
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Garage Faces Rear
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 7
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 39613135
Energy Description 2203.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard
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279 e Arrow Hwy Suite 103, Dimas, CA, 91773, Unite States