11781 S Rancho Santiago Boulevard

    Orange, CA 92869
    • $795,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: PW20051730
    UPDATED: 64 min ago
    $795,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,020
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    We are pleased to present 11781 South Rancho Santiago Blvd, a well maintained duplex in Orange. The subject property features two 3 bed 2 bath units which are both tenant occupied. Both apartments feature updated windows throughout, ceramic tile flooring, stone countertops, newer cabinetry (some), forced air heat, horizontal blinds, and the back unit has central AC with a new condenser. The structure for the property is single story measuring approximately 2,020 square feet. It is separately metered for gas and electric and has a pitched composition shingle roof. Additionally, there is a separate utility room with owned coin operated laundry machines providing additional owner income. Finally, the Rancho Santiago duplex boasts ample tenant parking with two single car garages an additional six open parking spaces. The location and building have historically attracted tenants looking for a long term residence and will continue to do so for years to come.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T23:25:11.077. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/103973602

    11781 S Rancho Santiago Boulevard Orange, CA 92869

    • Price: $795,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: PW20051730
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,020
    SQFT
    $394
    $/SQFT
    1965
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to present 11781 South Rancho Santiago Blvd, a well maintained duplex in Orange. The subject property features two 3 bed 2 bath units which are both tenant occupied. Both apartments feature updated windows throughout, ceramic tile flooring, stone countertops, newer cabinetry (some), forced air heat, horizontal blinds, and the back unit has central AC with a new condenser. The structure for the property is single story measuring approximately 2,020 square feet. It is separately metered for gas and electric and has a pitched composition shingle roof. Additionally, there is a separate utility room with owned coin operated laundry machines providing additional owner income. Finally, the Rancho Santiago duplex boasts ample tenant parking with two single car garages an additional six open parking spaces. The location and building have historically attracted tenants looking for a long term residence and will continue to do so for years to come.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing WoodWrought Iron Foundation Details Slab Garage Spaces 2.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Faces Rear Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Appliances DisposalGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1000 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Flooring Tile Heating Forced Air Heating YN Yes Laundry Features Common Area Levels One Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.21 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 50400.00 Gross Multiplier 15.77 Gross Operating Income 48888.00 Gross Scheduled Income 50400.00 Insurance Expense 800.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1200.00 Laundry YN Yes Maintenance Expense 2444.00 Maintenance Percent 5.00 Net Operating Income 33436.00 New Construction YN No New Taxes Expense 8384.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number With Dishwasher 2 Number With Disposal 2 Number With Range 2 Operating Expense 15452.00 Operating Expense Percent 30.70 Other Expense 1800.00 Other Expense Description Utility Other Income1 1800.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 3950.00 Total Expenses 15452.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Vacancy Allowance 1512 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Arp of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T23:25:11.077. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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