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Sold for $2,475,000
  • Listed by: New Dimension Investment Prop • Bob Walz • Contact: 714-918-2978
    Bought with: Seven Gables Real Estate
    $2,475,000

    338 W Kelly Ave, Orange, CA 92866

    9beds
    7baths
    4,315sqft
    Multi Family
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $574/sqft
    $3,705 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,705/mo

    Zestimate® history
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    What's special

    New roofSuperb conditionNew vinyl windowsGreat rentsExceptional property managementCompletely remodeled kitchensNew kitchen appliances
    IF PRIDE OF OWNERSHIP AND EASY FINANCING ARE YOUR BUYER'S PRIORITY, THEN BE SURE TO CHECK OUT THIS 4-PLEX!!! SEE SUPPLEMENT ATTACHED TO THIS LISTING FOR FINANCIAL ANALYSIS AND LIST OF REMODEL IMPROVEMENTS!!! ALSO, OWNER WILL CARRY FIRST T.D. LOAN with no prepay penalty for up to 10 years with min. down of 30%... Year (one) at 5%, year (two) at 5.5% and year (3) at 6%. Remaining terms are negotiable!!! Great opportunity for your Buyer!!! This OUTSTANDING 4-PLEX INVESTMENT in a GREAT LOCATION IN THE CITY OF ORANGE HAS IT ALL ---- SUPERB CONDITION!!! - GREAT INCOME AT $139,200 per yr.!!! - EXCEPTIONAL PROPERTY MANAGEMENT!!! "METICULOUSLY REMODELED" and "EXPERTLY MANAGED" over the last 6 years by one of Orange County's most discerning apartment owners. This 4-Plex is a true gem giving the term "TURNKEY PROPERTY" a new meaning. Virtually nothing to do when taking over this very well managed and remodeled 4-plex. Just purchase it and start collecting rents. It's highly unlikely that you will find a nicer more well maintained 4-Plex investment in Orange County. Located on a very nice and quiet Cul-de-sac street within walking distance of the "Traffic Circle" in "Old Towne Orange" and "Chapman College". All Brand New Central Heat and Air Conditioning for each unit. New Central Water water heater in laundry room. Ceilings in downstairs units have been insulated to quiet any noise from tenants above. New Roof, completely remodeled Kitchens and Bathrooms Including Tubs/Shower enclosures. All new window coverings. All new kitchen appliances. Purchase price includes new, in 2018, REFRIGERATORS AND 4 STACKED WASHER AND DRYER UNITS IN CENTRAL LAUNDRY ROOM FOR EACH TENANT. New Ceiling fans in all Living rooms, dining rooms and bedrooms. New canned lighting in kitchen ceilings. All new vinyl windows. Complete New Landscaping including beautiful artificial turf. Parking area Paving and Striping are in great condition having been repaved in 2018. All New Flooring in All units. All New complete Wood Fencing. Four Stacked Clothes Washers in central laundry owned by Seller. Therefore each tenant has their own designated washer/dryer which is free to use by each tenant. This is truly a property you must see to believe and appreciate. So, if you want to invest in the best 4-plex investment in Orange County, look no further. You have just found it!!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Bob Walz DRE #00640512 714-393-8060,

    New Dimension Investment Prop

    Bought with:

    Stephanie St Pierre, DRE #00688286

    Seven Gables Real Estate

    Source: CRMLS,MLS#: OC24059676MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Built-In Range, Dryer, Washer
    • Laundry: Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Stacked
    Features
    • Balcony, Block Walls, Granite Counters, Unfurnished, Wired for Data
    • Flooring: Laminate
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,315
    • Total interior livable area: 4,315 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Covered, Garage, Garage Faces Side, Storage
    • Garage spaces: 4
    Features
    • Entry location: Front
    • Pool features: None
    • Fencing: Masonry,Wrought Iron
    • Has view: Yes
    • View description: Courtyard
    Lot
    • Size: 9,450 Square Feet
    • Features: Cul-De-Sac, Front Yard, Garden, Lawn, Rectangular Lot, Sprinkler System, Street Level
    Details
    • Parcel number: 39064117
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Asbestos Shingle
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Orange

    Financial & listing details

    • Price per square foot: $574/sqft
    • Annual tax amount: $26,377
    • Date on market: 3/26/2024
    • Cumulative days on market: 13 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Submit
    • Inclusions: 4 stacked washer/dryer individual units in laundry room. Also, 4 refrigerator (one in each unit)
    • Total actual rent: 11600
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/23/2024Sold$2,475,000-1%$574/sqft
    Source: CRMLS #OC24059676 Report a problem
    4/9/2024Contingent$2,499,000$579/sqft
    Source: CRMLS #OC24059676 Report a problem
    3/26/2024Listed for sale$2,499,000+84.4%$579/sqft
    Source: CRMLS #OC24059676 Report a problem
    5/5/2017Sold$1,355,000-3.2%$314/sqft
    Source: Agent Provided Report a problem
    4/20/2017Pending sale$1,399,500$324/sqft
    Source: New Dimension Investment Prop #OC17032821 Report a problem
    4/6/2017Listed for sale$1,399,500$324/sqft
    Source: New Dimension Investment Prop #OC17032821 Report a problem
    3/19/2017Pending sale$1,399,500$324/sqft
    Source: New Dimension Investment Prop #OC17032821 Report a problem
    2/19/2017Listed for sale$1,399,500$324/sqft
    Source: New Dimension Investment Prop #OC17032821 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92866

    Nearby schools

    GreatSchools rating