875 N Olive ST new Save Request In-Person Tour Request Virtual Tour
Orange,CA 92867
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25036781
HOA Y/N No
Year Built 1993
Annual Tax Amount $18,669
Lot Size 0.442 Acres
Property Sub-Type Mixed Use
Property Description
This complex has ten (10) 2-bd, 2-ba units all occupied by same tenants for 10+ years. 5 units on each side of complex with common area yard in between the buildings. 3 units upstairs on each side and 2 units downstairs on each side. Downstairs units have private patios and upstairs units have balconies. Some units have minor updates but most are in good condition. Each unit has a 1-car garage and 1 assigned parking spot in parking lot. Two washers and two dryers in common area laundry room are leased and maintained by National Service Company. Current owner pays for gardener, pest control, water and trash services. It is believed the construction is 1993 but buyer should verify year built. With improvements, rents can be increased to market rates which are substantially higher than the current rents, huge upside on this property.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet
Fireplaces Type Bath,Dining Room,Kitchen,Living Room
Fireplace Yes
Appliance Electric Range,Refrigerator
Laundry Common Area
Exterior
Parking Features Garage,One Space
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
View Y/N Yes
View Courtyard
Accessibility Parking
Total Parking Spaces 20
Private Pool No
Building
Lot Description Sprinklers In Front
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 38643419
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 4073.0
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard