Thank you
Michael Arp
Morgan Skenderian
949-251-8800
The Park Lane Apartments, are a recently renovated, Covington style 4-plex located within the Villa Park school district in the city of Orange. The subject property has recently received over $125,000 in renovations including new exterior paint, new windows, new landscaping, exterior lighting and new air conditioning condensers. The building is comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet and sits atop a 9,360 square foot lot. Three of the four units are townhome style with an upstairs downstairs floor plan. All 4 have enclosed patio areas and have access to a gated back yard area. There are 5 large enclosed garages at the property along with two additional spaces. Each of the apartments is separately metered for gas and electric and has central A/C. An onsite laundry room brings in additional income. The Park Lane Apartments present a unique opportunity for an owner occupant or investor to purchase a turn key apartment asset in a sought-after rental neighborhood in the city of Orange.
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Water Source : Public
Sewer : Public Sewer
Windows: Double Pane Windows
Central Air
Air Conditioning
Forced Air
Has Heating
Year Built: 1975
Building Area Total: 4,394
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.21
Lot Size Source: Assessor
Lot Size Square Feet: 9148
Original List Price: 1,875,000
Listing Contract Date: 2024-04-19
Listing Agreement: Exclusive Right To Sell
Parcel Number: 37213121
Garage Description: Garage
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Parking Fee
Source Listing Status: Active
Source Neighborhood: RVB - Riverbend
Postal Code Plus 4: 4007
Directions: South of Meats Avenue and West of the 55 freeway
Source Property Type: Residential Income
Area: RVB - Riverbend
Property SubType: Quadruplex
Property Age: 49
Common Walls: No Common Walls
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: Ground
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1931 E Meats Avenue #54, Orange, CA,92865 | $225,000 | 3 | 2 | 1,104 | -- |
2051 N Park Lane, Orange, CA,92865 | $1,695,000 | 9 | 8 | 4,480 | 7405 Sqft |
16591 E Buena Vista Ave.., Orange, CA,92865 | $1,695,000 | 6 | 3 | 2,909 | 6534 Sqft |
210 E Palmdale Avenue #2, Orange, CA,92865 | $639,900 | 2 | 2 | 1,051 | -- |
2505 N Lisa Place, Orange, CA,92865 | $1,100,000 | 3 | 2 | 1,614 | 9000 Sqft |
2456 N Beechwood Street, Orange, CA,92865 | $999,900 | 3 | 2 | 1,463 | 7500 Sqft |
139 E Woodvale Avenue, Orange, CA,92865 | $1,150,000 | 5 | 3 | 2,093 | 7000 Sqft |
1640 E Sunview Drive, Orange, CA,92865 | $995,000 | 4 | 1 | 1,613 | 11680 Sqft |
2075 N Highland Street, Orange, CA,92865 | $1,695,000 | 9 | 8 | 4,480 | 7841 Sqft |
2037 N Chouteau Street, Orange, CA,92865 | $1,190,000 | 4 | 2 | 1,805 | 8400 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 23:54
MLS: PW24078264
LISTED BY: Michael Arp, Morgan Skenderian
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.