1576 Spruce Street,  Placentia CA, 92870 (Residential Income)

3,500 sqft
Status: Active
MLS#: PW16705725
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Last Updated: 12/5/2016 2:27 AM
Description for 1576 Spruce Street Placentia, CA 92870
Rare newer construction tri-plex in North Orange County. Always occupied and in great condition. Lower 4 bedroom unit is currently a 6-bed elder care facility and have been tenants for 8 years. Upper 2 bedroom units are very large with granite counter tops and upgraded bathrooms and cabinetry. 3 2-car garages attached to unit and additional on site parking. Next door 10 town homes are under construction and will complete the cul de sac street and will sell in the high $500,000's. You can buy a 40 year old building, struggle to keep it occupied and spend a ton of money on upkeep or buy this turn-key, fully leased building. Seller built this in 2006 for $1,500,000 and it would cost more to build it now. "Sister" building across the street is also for sale for the same price and both properties must close concurrently
Price
$1,495,000
Orange
3,500 (approx)
PW16705725
Active
Description
Rare newer construction tri-plex in North Orange County. Always occupied and in great condition. Lower 4 bedroom unit is currently a 6-bed elder care facility and have been tenants for 8 years. Upper 2 bedroom units are very large with granite counter tops and upgraded bathrooms and cabinetry. 3 2-car garages attached to unit and additional on site parking. Next door 10 town homes are under construction and will complete the cul de sac street and will sell in the high $500,000's. You can buy a 40 year old building, struggle to keep it occupied and spend a ton of money on upkeep or buy this turn-key, fully leased building. Seller built this in 2006 for $1,500,000 and it would cost more to build it now. "Sister" building across the street is also for sale for the same price and both properties must close concurrently
Listing Information
Property Type: Cluster, 2 Story
0.17 Acres 768,000 sq.ft. 3,500 (approx)
$427.14 2006
Yes- 8 spaces 2
3 Total
Neighborhood
Room Information
Inside
Interior Features
Dryer, Stacked Washer/Dryer, Washer
Central Air
Forced Air
Exterior / Lot Features
8 Garage Spaces, 8 Parking Spaces, Driveway, Garage, Direct Garage Access
None
No Pool
Suburban
Driving Directions
Van Buren and Spruce
Financial Considerations
34137101
$81,600 Income ,$21,400Expense
Listing Price History

Placentia Real Estate

Placentia is located in California. Placentia, California 92870 has a population of 50,616.

The median household income in Placentia, California 92870 is $75,693. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Placentia 92870 is 36 years.

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Courtesy: Partners Real Estate Group Lauren Brady
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