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128 N Pixley St 3 Unit Apartment Building $4,178,624 CAD ($1,392,875 CAD/Unit) 5.15% Cap Rate Orange, CA 92868
INVESTMENT HIGHLIGHTS
- Walking distance to Old Towne
- Three houses on one lot
EXECUTIVE SUMMARY
Three houses on one lot. The property is currently leased until 6/30/2026. The property is under the Mills Act. The taxes were $ 9,174 for 2024. The properties are in the best location to access the plaza and Chapman University. Tankless hot water heaters, separate meters, fire sprinklers, off-street parking, drought-tolerant landscaping, and are designed to be cost-efficient.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$279,766
|
$71.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,392
|
$2.15
|
| Effective Gross Income |
$271,373
|
$69.58
|
| Taxes |
$12,802
|
$3.28
|
| Operating Expenses |
$43,504
|
$11.15
|
| Total Expenses |
$56,306
|
$14.44
|
| Net Operating Income |
$215,067
|
$55.15
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $279,766 |
| Annual Per SF | $71.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,392 |
| Annual Per SF | $2.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $271,373 |
| Annual Per SF | $69.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,802 |
| Annual Per SF | $3.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $43,504 |
| Annual Per SF | $11.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,306 |
| Annual Per SF | $14.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $215,067 |
| Annual Per SF | $55.15 |
PROPERTY FACTS
| Price | $4,178,624 CAD | Building Class | C |
| Price Per Unit | $1,392,875 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 3,900 SF |
| Cap Rate | 5.15% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - A multiple-family residential district which allows apartments, condominiums, and townhomes. | ||
| Price | $4,178,624 CAD |
| Price Per Unit | $1,392,875 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | R-3 - A multiple-family residential district which allows apartments, condominiums, and townhomes. |
AMENITIES
UNIT AMENITIES
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $8,594 CAD | 1,500 |
| 5+3 | 1 | $10,394 CAD | 1,600 |
| 2+1 | 1 | $4,325 CAD | 800 |
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Walk Score®
Walker's Paradise (90)
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128 N Pixley St
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