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    7381 Franklin Street , A-D

    Buena Park, CA 90621
    • $1,225,000
    • STATUS: Pending
    • ON SITE: 75 days
    • ID#: PW21012993
    Pending
    $1,225,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,660
      SQFT
    • $335
      $/SQFT
    Neighborhood:
    Other (Othr)
    Type:
    Multi-Family
    Built:
    1964
    County:
    Orange
    Area:
    82 - Buena Park

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    Description

    Great Investment Opportunity. 4 units in the heart of Buena Park! All 2 bedroom and 1 bathroom units. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. All 4 unit interiors renovated. New kitchens and baths include new paint, flooring, custom cabinets w/granite counter tops, and new bathroom vanities with stone tops. All new windows in each unit and new roof in 2012.Each unit has a private patio, inside laundry, 2 AC wall units, detached garage. There is space for 2 off-street parking, 1 garage & 1 open space. Alley access as well as public street parking. Low maintenance property. Tenants pay gas and electric.All four units occupied by long term tenants with a potential to increase rent. No disruption of rent due to COVID. Upside to rents without having to do capital improvements. This area has high rental occupancy rates. No rent control. Very well maintained. Dense rental market with low vacancy. Close to public transportation and freeways. Near Knotts Berry Farm, Buena Park Mall, 5 and 91 Freeways, restaurants and shopping centers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. 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 Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113865046
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    7381 Franklin Street , A-D Buena Park, CA 90621

    • Price: $1,225,000
    • Status: Pending
    • ID#: PW21012993
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,660
    SQFT
    $335
    $/SQFT
    1964
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    82 - Buena Park
    Property Description
    Great Investment Opportunity. 4 units in the heart of Buena Park! All 2 bedroom and 1 bathroom units. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. All 4 unit interiors renovated. New kitchens and baths include new paint, flooring, custom cabinets w/granite counter tops, and new bathroom vanities with stone tops. All new windows in each unit and new roof in 2012.Each unit has a private patio, inside laundry, 2 AC wall units, detached garage. There is space for 2 off-street parking, 1 garage & 1 open space. Alley access as well as public street parking. Low maintenance property. Tenants pay gas and electric.All four units occupied by long term tenants with a potential to increase rent. No disruption of rent due to COVID. Upside to rents without having to do capital improvements. This area has high rental occupancy rates. No rent control. Very well maintained. Dense rental market with low vacancy. Close to public transportation and freeways. Near Knotts Berry Farm, Buena Park Mall, 5 and 91 Freeways, restaurants and shopping centers.
    Exterior Features

    Construction Materials Stucco Foundation Details Slab Lot Features 16-20 Units/AcreLevelRectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Alley PavedMaintained Roof Elastomeric Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features No StairsParking Appliances DisposalGas OvenGas RangeGas Water HeaterRange HoodWater Heater Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Interior Features Granite CountersBedroom On Main Level

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStorm Drain(S)Street LightsSidewalks Current Financing Conventional Electric Electricity - On Property Garage YN Yes Gross Income 72000 Gross Scheduled Income 72000 Insurance Expense 1389 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 1500 Net Operating Income 50560 New Construction YN No New Taxes Expense 16000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20000 Pest Control Expense 600 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 6000 Trash Expense 1280 Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater Connected Vacancy Allowance 1440 Vacancy Allowance Rate 2 Water Sewer Expense 1599 Water Source Public

    Listing provided courtesy of Mary Kasenberg of Coldwell Banker Coastal Alliance and Dave Delmotte of Coldwell Banker Coastal Alliance


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. 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 Team Forss Realty Group. Licensed in the State of California, USA.
     
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