1918 E Del Mar Ave, Orange, CA 92865

Property Description

Back on the market with a huge price reduction!!! Well maintained Four large units income property located in the strong rental market of Orange. ALL TENANTS ARE CURRENT WITH RENT! The property consists of (1) large three bedroom/two full bathroom unit and (3) two bedroom/ two full bathroom units. Unit A has 1,410 sq ft, two single car garages, one additional parking space and good size patio. Unit B has 949 sq ft, a single car garage and good size backyard with private parking. Unit C has 949 sq ft, a single car garage, two extra parking spaces and balcony. Unit D has 1,040 sq ft, a single car garage, one additional parking space and good size balcony. Seller replaced furnaces for Unit A and B in 2019. Separately metered for electric and gas for lower owner expenses. Seller replaced a commercial size water heater for the whole building and a timer for common area electric recently. There is a laundry facility on-site for extra income (leased machines). Great long-term tenants that are on month to month and would like to remain as tenants. The property is in a central City of Orange location across from the popular mall, The Village at Orange and right near major retail, educational, and employment opportunities. It is conveniently located less than a mile from the CA-55 and 91 Freeways, which allow tenants to connect with the greater California region and beyond.