MarketPier

529 S Hill Street - Orange, CA 92869

$999,000
Listing Description

Check out this 6%+ cap rate; over 10% cap rate if leveraged! Fully occupied with tenants in all 4 units with long term leases. Ideally located in Panorama Heights Area of Orange, across the street from El Modena Park and short walk to Jordan Elementary School and El Modena Library. Gorgeous City Lights and Clear Day Catalina Views. Two spacious units upstairs and downstairs in the front building, with 2 studio units in the rear. Recently painted and remodeled, many fine features and improvements include wood laminate flooring, ceiling fans, cozy fireplaces, updated light and bright kitchens with new cabinetry, matching appliances, updated countertops and faucets, updated bathrooms, new water heaters, and a convenient community laundry area. Private side yard patio and huge front patio perfect for entertaining and relaxing. Assigned uncovered parking spaces and street parking available as well. Great location close to parks, local schools, recreation, shopping, dining, and entertainment.

Listing Information
MLS Number
OC19073821
APN/Parcel ID
39334221
Type
Multifamily
Sub Type
Multifamily
Building Size
3,500 sqft
Lot Size
8,800 sqft
Price / SQFT
$285
No Units
4
Price / Unit
$249,750
Gross Scheduled Income
$92,100
Expenses
$21,197
Total Expenses
$21,197
Net Income
$70,903
Listing Date
5/15/2019
Days Active
3
Last Updated
5/19/2019
Listing Provided By
Jordan Bennett
Keller Williams Realty
BRE# 01850869

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