937 E Palmyra Ave - Apartments FOR SALE


Orange, CA 92866
$1,440,000 USD
714-616-0689
937 E Palmyra Ave, Orange, CA for Sale
$1,440,000 USD
Apartments - FOR SALE
1/10
null | 2.9% Cap Rate

937 E Palmyra Ave
Orange, CA 92866


HIGHLIGHTS

  • (1) Detached 2B/1B Single-Family Home, (1) 2B/1B & (1) Non-Conforming Studio
  • Significant Upside Potential - Current In-Place Rents are 33% Below Market
  • In-Unit Laundry & Central A/C in Single-Family Home, Shared Laundry Machine in the Garage for Remaining Units (Tenant Owned)
  • Desirable Orange Location - Located Close to Old Town Orange & Convenient Access to the CA-55 & CA-22 Freeways

OVERVIEW

Three units include a detached 2BD/1BA single-family home, a 2BD/1BA, and a non-conforming studio in a well-located Orange neighborhood minutes from Old Town and the CA-55/CA-22 interchange. In-unit laundry and central A/C in the single-family home. Lease up at market rates and the numbers move immediately. Current in-place rents approximately 33% below market, offering significant upside potential upon lease-up.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$757 USD /SF

# OF UNITS

3

PRICE/UNIT

$480,000

CAP RATE

2.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,536 SF

ZONING

R1-6

APN/PARCEL ID

390-461-10

ASK ABOUT THIS PROPERTY

714-616-0689

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714-616-0689

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