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338 Kelly Avenue
Orange, CA 92866
Sold
IF PRIDE OF OWNERSHIP AND EASY FINANCING ARE YOUR BUYER'S PRIORITY, THEN BE SURE TO CHECK OUT THIS 4-PLEX!!! SEE SUPPLEMENT ATTACHED TO THIS LISTING FOR FINANCIAL ANALYSIS AND LIST OF REMODEL IMPROVEMENTS!!! ALSO, OWNER WILL CARRY FIRST T.D. LOAN with no prepay penalty for up to 10 years with min. down of 30%... Year (one) at 5%, year (two) at 5.5% and year (3) at 6%. Remaining terms are negotiable!!! Great opportunity for your Buyer!!! This OUTSTANDING 4-PLEX INVESTMENT in a GREAT LOCATION IN THE CITY OF ORANGE HAS IT ALL ---- SUPERB CONDITION!!! - GREAT INCOME AT $139,200 per yr.!!! - EXCEPTIONAL PROPERTY MANAGEMENT!!! "METICULOUSLY REMODELED" and "EXPERTLY MANAGED" over the last 6 years by one of Orange County's most discerning apartment owners. This 4-Plex is a true gem giving the term "TURNKEY PROPERTY" a new meaning. Virtually nothing to do when taking over this very well managed and remodeled 4-plex. Just purchase it and start collecting rents. It's highly unlikely that you will find a nicer more well maintained 4-Plex investment in Orange County. Located on a very nice and quiet Cul-de-sac street within walking distance of the "Traffic Circle" in "Old Towne Orange" and "Chapman College". All Brand New Central Heat and Air Conditioning for each unit. New Central Water water heater in laundry room. Ceilings in downstairs units have been insulated to quiet any noise from tenants above. New Roof, completely remodeled Kitchens and Bathrooms Including Tubs/Shower enclosures. All new window coverings. All new kitchen appliances. Purchase price includes new, in 2018, REFRIGERATORS AND 4 STACKED WASHER AND DRYER UNITS IN CENTRAL LAUNDRY ROOM FOR EACH TENANT. New Ceiling fans in all Living rooms, dining rooms and bedrooms. New canned lighting in kitchen ceilings. All new vinyl windows. Complete New Landscaping including beautiful artificial turf. Parking area Paving and Striping are in great condition having been repaved in 2018. All New Flooring in All units. All New complete Wood Fencing. Four Stacked Clothes Washers in central laundry owned by Seller. Therefore each tenant has their own designated washer/dryer which is free to use by each tenant. This is truly a property you must see to believe and appreciate. So, if you want to invest in the best 4-plex investment in Orange County, look no further. You have just found it!!!
PROPERTY INFORMATION
| MLS # | OC24059676 | Lot Size | 9,450 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,499,000
Price Per SqFt: $ 579 |
DOM | 289 Days |
| Address | 338 Kelly Avenue | Type | Residential Income |
| City | Orange | Sq.Ft. | 4,315 Sq. Ft. |
| Postal Code | 92866 | Garage | 4 |
| County | Orange | Year Built | 1969 |
| Bed / Bath | 9 / 0 | Parking | 4 |
| Built In | 1969 | Status | Closed |
| Sold Date | 2024-04-23 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Community, Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Stackable, Washer Hookup, Washer Included |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Appliances | Yes |
| Kitchen Appliances | Built-In Range |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Laminate |
| InteriorFeatures Information | Balcony, Block Walls, Granite Counters, Unfurnished, Wired for Data |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| FoundationDetails | Concrete Perimeter |
| Roof | Asbestos Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Masonry, Wrought Iron |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,666
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/23/2024 | Sold | $2,475,000 |
| 04/09/2024 | Active Under Contract | $2,499,000 |
| 03/26/2024 | Listed | $2,499,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Bob Walz, New Dimension Investment Prop. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
