Olive Heights | 16591 E Buena Vista
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Olive Heights 16591 E Buena Vista
2 Unit Apartment Building $2,383,848 CAD ($1,191,924 CAD/Unit) 5.50% Cap Rate Orange, CA 92865
Investment Highlights
- Prime Olive Heights location near Eisenhower Park in Orange. Huge 3+ den/ or 4 bedroom 2nd story house with large 2 bedroom apt/mothers quarters below
Executive Summary
Prime investment property. Prime Olive Heights location near Eisenhower Park in Orange. Huge 3+ den/ or 4 bedroom 2nd story house with large 2 bedroom apt/mothers quarters below. Amenities include: huge balcony with city views & lights, laundry room with hookups, cathedral style ceilings, yard, side dog run, 2 separate garages. (3 car garage for upper unit, detached 2+ car garage for lower unit). Very large Lake Tahoe style building. Recent rehab to interior/exterior/landscaping.**Tenants pay all utilities** Located near the 55 and 91 freeways in Orange on the border of Anaheim Hills. Great neighborhood near Eisenhower Park. North of Lincoln Blvd. between Tustin Ave. and Olive Rd. All info per appraiser/assessor. Buyer to satisfy on any and all information provided. Will not finance. Must obtain new loan. AS-IS, WHERE-IS
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,383,848 CAD | Apartment Style | Low Rise |
| Price Per Unit | $1,191,924 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.50% | Building Size | 2,900 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Price | $2,383,848 CAD |
| Price Per Unit | $1,191,924 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.72/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Yard
- Grill
- Deck
- Lawn
- Patio
- Porch
- Skylights
- Wet Bar
- Window Coverings
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,797 CAD | 909 |
| 4+2 | 1 | $5,063 CAD | 2,000 |
1 of 1
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 360-374-06 | Improvements Assessment | $289,271 CAD |
| Land Assessment | $276,721 CAD | Total Assessment | $565,992 CAD |
PROPERTY TAXES
Parcel Number
360-374-06
Land Assessment
$276,721 CAD
Improvements Assessment
$289,271 CAD
Total Assessment
$565,992 CAD
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Olive Heights | 16591 E Buena Vista
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