Fully remodeled 2-bed, 1-bath detached units on nearly 1 acre—each featuring private yards, 1–2 car garages, and extended driveways for ample parking. Seller invested approx. $300,000 in capital improvements, including luxury vinyl plank flooring, quartz countertops, new cabinets, upgraded bathrooms, split AC systems, and dual-pane windows. Tenants pay all utilities; owner only covers gardening. Rents are currently 10–20% below market, offering excellent upside. CAP rate is 5.86% with minimal operating expenses. Development Potential: City has preliminarily approved 4 additional units, with garage-to-ADU conversion potential. Zoning may allow up to 18 units with density bonus (buyer to verify). A rare opportunity to acquire a high-performing asset with strong cash flow and significant redevelopment potential!
Sold for $4,150,000
Zillow last checked:
Listing updated:
Bought with:
Hang-Ny Nguyen, DRE #02104933
Advance Estate Realty
Source: CRMLS,MLS#: OC25069662
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 6/25/2025 | Sold | $4,150,000-7.8%$492/sqft |
Source:  CRMLS #OC25069662 Report a problem | ||
| 3/31/2025 | Listed for sale | $4,499,000+80%$533/sqft |
Source: CRMLS #OC25069662 Report a problem | ||
| 3/23/2023 | Contingent | $2,500,000$296/sqft |
Source: CRMLS #NP23040256 Report a problem | ||
| 3/10/2023 | Listed for sale | $2,500,000$296/sqft |
Source: CRMLS #NP23040256 Report a problem | ||
