Extremely sought after Covington style 4-unit apartment building with a desirable mix comprised of (1) One-Bedroom/One-Bathroom, (2) Two- Bedroom/Two-Bathroom, and (1) Three- Bedroom/Two-Bathroom totaling approx. 4109 living sq ft. This is an excellent asset-add opportunity for any Investor. Current ownership has professionally maintained the asset. The property possesses many advantageous features such as the 3-bedroom single story unit offers a private enclosed patio. One lower 2-bedroom 2 bath boasts a large fenced in yard perfect for kids or herb garden. The upper 2 bedroom is a mirrored image of lower 2 bedroom with a quaint balcony. Upper 1 bedroom unit extends over the 4 attached single car garages and is generous in size and loads of storage and has a great room feel. Units also offer 2 additional parking spaces and coin operated laundry that generates additional income. Each unit has its own gas meter. This fully rented fourplex is situated in a cul-de -sac location on a highly sought after tree-lined street. The building offers a low maintenance yard, long-term tenants and is situated within minutes of South Coast Plaza, freeway access, shopping, entertainment, John Wayne airport and close to Segerstrom center. With the continued addition and demand for new development, this should continue to drive both population growth and increased household income, which ultimately provides much confidence for continued rent escalation.
Sold for $1,797,000
Zillow last checked:
Listing updated:
Bought with:
Brandon Bacchas, DRE #02044300
Estate Properties
Source: CRMLS,MLS#: OC23135707
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 9/26/2023 | Sold | $1,797,000+5.7%$437/sqft |
Source:  CRMLS #OC23135707 Report a problem | ||
| 8/22/2023 | Pending sale | $1,700,000$414/sqft |
Source: CRMLS #OC23135707 Report a problem | ||
| 8/14/2023 | Listed for sale | $1,700,000+750%$414/sqft |
Source: CRMLS #OC23135707 Report a problem | ||
| 6/9/1999 | Sold | $200,000$49/sqft |
Source: Public Record Report a problem | ||
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