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Listed by Peter Hauser • NorthMarq Realty Services, Inc
$ 3,250,000
Est. payment | /mo
6,605 SqFt
$ 3,250,000
Est. payment | /mo
6,605 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,605 sqft
Price per Sqft $492
MLS Listing ID CROC24185301
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1977
Lot Size 9,472 Sqft
Property Description
Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world class beaches, entertainment venues and easy access to the top employment centers in Southern California. The property is comprised of large (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. The units are 1,100 SQFT on average. The property has 11 total garage spaces, ten of which are direct access. Partial interior renovation includes, quartz/granite counters, upgraded cabinets, stainless appliances, dishwashers, tile and vinyl plank flooring, and side by side washer/dryers. Each unit features an enclosed patio or exterior balcony, the three bedroom unit includes both.
Location
State CA
County Orange
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
Lot Description Corner Lot
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745