585 S Fashion Park Street,  Orange CA, 92866 (Residential Income)

5,176 sqft
Status: Sold
MLS#: PW16164348
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Last Updated: 12/7/2016 2:39 AM
Description for 585 S Fashion Park Street Orange, CA 92866
The Fashion Park Apartments represent a rare opportunity to obtain a property with much larger than average units, totaling over 5,100 rentable square feet. The rents currently in place generate a gross income that is significantly higher than most other 4plexes on the market, and still have room to go up, given the size, condition, and upgrades done to the interiors. The location offers convenient access to the 5, 22, and 55 freeways, and is near employment and cultural hubs, including CHOC, St. Joseph’s Hospital, Chapman University, and Old Towne. Building amenities include patios, garage parking, and on-site laundry (with owned machines). This is an easy to run asset that would make a great addition to any investor’s portfolio.
Price
Sold Price:
$1,370,000
Sold Date:10/03/2016
Orange
5,176 (approx)
PW16164348
Closed
Description
The Fashion Park Apartments represent a rare opportunity to obtain a property with much larger than average units, totaling over 5,100 rentable square feet. The rents currently in place generate a gross income that is significantly higher than most other 4plexes on the market, and still have room to go up, given the size, condition, and upgrades done to the interiors. The location offers convenient access to the 5, 22, and 55 freeways, and is near employment and cultural hubs, including CHOC, St. Joseph’s Hospital, Chapman University, and Old Towne. Building amenities include patios, garage parking, and on-site laundry (with owned machines). This is an easy to run asset that would make a great addition to any investor’s portfolio.
Listing Information
Property Type: Cluster, Other
0.18 Acres 796,300 sq.ft. 5,176 (approx)
$264.68 1965
Yes- 4 spaces
4 Total
Neighborhood
Room Information
Exterior / Lot Features
4 Garage Spaces, 4 Parking Spaces
Sidewalks, Curbs Walk, Suburban
Driving Directions
North of 22 Freeway Cross Streets: North of 22 Freeway
Financial Considerations
39063108
$89,700 Income ,$25,523Expense
Listing Price History

Orange Real Estate

Orange is located in California. Orange, California 92866 has a population of 136,891.

The median household income in Orange, California 92866 is $78,678. 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 Orange 92866 is 35.9 years.

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Courtesy: Morgan Skenderian Damien Breaux
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