219 S Esplanade St - Apartments FOR SALE


Orange, CA 92869
$3,985,000 USD
949-939-2584
219 S Esplanade St, Orange, CA for Sale
$3,985,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

219 S Esplanade St
Orange, CA 92869


HIGHLIGHTS

  • Large Patios
  • Exposed beam Ceilings
  • Centrally located

OVERVIEW

4 building / 12 Townhouse-style Units over two parcels with great opportunity for renovation and income upside. Located near the 55 Freeway / Chapman Ave, in close proximity to Chapman University / local services. One unit is currently occupied by an onsite manager, living rent-free One unit was recently upgraded with Vinyl windows / flooring and shaker-style cabinets in kitchen / baths Remainder of units are in varying states of quality / condition Each unit is just under 900 sq ft and features a large patio, 2 bedrooms / 1.5 bath Each Unit is separately metered for gas / electric - owner pays water

FOR SALE DETAILS

PRICE

$3,985,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

12

PRICE/UNIT

$332,083

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R-2

APN/PARCEL ID

392-192-11,392-192-14

ASK ABOUT THIS PROPERTY

Heather ReevesOrigin Real EstateMore Info
949-939-2584

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Heather ReevesOrigin Real EstateMore Info
949-939-2584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.