$1,750,000
$1,695,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
2,740 SqFt
SOLD DATE : 10/31/2023
Key Details
Sold Price $1,750,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,740 sqft
Price per Sqft $638
Subdivision ,Other
MLS Listing ID PW23177837
Sold Date 10/31/23
Bedrooms 7
Full Baths 5
HOA Y/N No
Year Built 2023
Lot Size 0.273 Acres
Property Description
Huge lot 12,000 sqft !!! Incredible Two Brand-New Single-Family Homes on One Lot, for $847,500 EACH HOME!
Welcome to a unique investment opportunity in the heart of Orange County. This property boasts two brand-new single-family homes, each offering the potential for substantial rental income. With a total market rent of $7,900 per month, this is a dream come true for investors seeking maximum profit potential.
Unit 1 (New Construction):
Built in 2023, this impressive unit offers modern living at its finest.
Features a spacious 3 bedrooms and 2 bathrooms approximate 1,200 sqft of living space.
The interior is loaded with upgrades, including 9-foot ceilings, a generously sized kitchen with an oversized peninsula, high-quality appliances, and sleek modern kitchen cabinets.
Enjoy the comfort of central A/C, recessed lighting, beautiful wood flooring, walk-in closets, and convenient washer/dryer hookups.
This unit effortlessly combines luxury and comfort, creating an ideal living space.
Potential to achieve a market rent of $3,700 per month.
Unit 2 (Fully Remodeled):
The second unit has been fully remodeled to meet the highest standards.
Offering 4 bedrooms and 3 bathrooms, with approximately 1,600 square feet of living space.
It features all the latest upgrades, ensuring a comfortable and modern lifestyle.
Potential to achieve a market rent of $4,200 per month.
It's perfect for first-time homeowners looking to live in one unit and rent out the other.
Investor's Dream:
This property presents an ideal choice for 1031-Exchange opportunities and income-focused investors.
With both units having their OWN water, gas, and electric meters, as well as plenty of parking space on the expansive driveway, maintenance will be hassle-free for the next 10+ years.
Don't miss out on this extraordinary opportunity to secure high rental income potential in a prime Orange County location.
This is a rare chance to own a property that offers both luxury and financial promise.
Location
State CA
County Orange
Area 16 - Fountain Valley / Northeast Hb
Rooms
Main Level Bedrooms 7
Interior
Interior Features High Ceilings, Open Floorplan, All Bedrooms Down
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Disposal, Gas Range
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool Heated, Private
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Shingle
Attached Garage Yes
Total Parking Spaces 2
Private Pool Yes
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories One
New Construction Yes
Schools
School District Garden Grove Unified
Others
Senior Community No
Tax ID 14416313
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Financing Cash
Special Listing Condition Standard
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Bought with Nathan Nguyen • Best Realty & Finance, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "