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646 S Grand St
Orange, CA 92866
Multifamily Property For Sale
·
8 Units
Executive Summary
The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. All the units have a similar layout, with a living area and an attached kitchenette on the ground level, and a bedroom with an attached full bathroom upstairs. South Grand St is a walking pathway between Hart Park and the Old Towne Orange Plaza.
Property Facts
| Price Per Unit | $509,158 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 4.05% | Building Size | 4,800 SF |
| Gross Rent Multiplier | 17.2 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.92/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-2-6 - (Duplex Residential)A residential district that provides opportunities for duplex development on lots containing a minimum area of 6,000 Sqft. | ||
| Price Per Unit | $509,158 CAD |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| Gross Rent Multiplier | 17.2 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.92/1,000 SF |
| Zoning | R-2-6 - (Duplex Residential)A residential district that provides opportunities for duplex development on lots containing a minimum area of 6,000 Sqft. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $3,057 CAD | 600 - 660 |
Property Taxes
| Parcel Number | 390-111-04 | Improvements Assessment | $492,450 CAD |
| Land Assessment | $2,814,000 CAD | Total Assessment | $3,306,450 CAD |
Property Taxes
Parcel Number
390-111-04
Land Assessment
$2,814,000 CAD
Improvements Assessment
$492,450 CAD
Total Assessment
$3,306,450 CAD
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