- New
Property listed by First Team Real Estate, Pat Kyaw. IDX Contact: 714-536-9292
Property Description
This Covington Fourplex is located in a very desirable area close to South Coast Plaza, Calvary Chapel and close to 405 freeway. Apartment #1 is very large and spacious with three bedrooms and two bathrooms. Has vinyl laminate flooring, a cozy fireplace in the living room, good dining area, private patio and very large fenced in yard. Great for an owner unit and it is all one level. Apartment # 2 has two bedrooms and two bathrooms with a totally remodeled kitchen with fairly new appliances , patio off the living room and it is also all one level. Apartment # 3 is a two story with both bedrooms upstairs, wood laminate flooring downstairs in the living room, patio off the kitchen and a spacious kitchen. It has 1.5 bathrooms. Apartment # 4 is a two bedrooms and one bathroom with wood laminate floor. Has a huge balcony and ceiling fans. It is located above the garage so it will have stairs. All units have their own laundry hook ups, shared garages and three other parking spots. Great corner unit. Always fully rented. Has separate meters for gas and electricity but there is also common area gas and electricity that the owner pays. Owner also pays water and trash. Large grassy area in front of Apartment 2 & 3. Great investment property . All information in MLS to be verified by Buyer. Submit all offers please.
Property Details & Features
Property Type
- Residential Income
Year Built
- 1968
House
- 2 total stories
- Built in 1968
- Stories: 2
- 4519 total building sqft
- 2+ Common Walls
- Two
Community
- Sidewalks
Expenses
- Electric Expense: $350
- Insurance Expense: $1,417
- Operating Expense: $15,159
- Other Expense: $254
- Pest Control Expense: $680
- Water Sewer Expense: $3,903
Garage
- 4 garage spaces
Income
- Gross Income: 100200
- Gross Scheduled Income: 100200
- Net Operating Income: 85041
Laundry
- Washer Hookup
Listing
- Listing ID: OC22099675
- Listed on 2022-05-13
- Rent controlled
Location
- County: Orange
- Subdivision: Other (OTHR)
Lot
- 8712 sqft
- 0.2 acres
- Area: 8712
- Corner Lot
Parking
- 3 open parking spaces
- 7 total parking spaces
- Assigned
Property
- Single building
- 4 units
- Property attached
Sewer
- Public Sewer
Tenant Pays
- Cable TV
- Electricity
- Gas
Utilities
- 5 separate electric meters
- 5 separate gas meters
- 5 separate water meters