646 S Grand St
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646 S Grand St
8 Unit Apartment Building $3,678,335 CAD ($459,792 CAD/Unit) 3.75% Cap Rate Orange, CA 92866
Investment Highlights
- Borders Hart Park
- Walkable Historic District
- Close to Commuter Freeway
- Dedicated Parking
Executive Summary
8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking highway between Hart Park and the Old Towne Orange Plaza.
Data Room Click Here to Access
- Operating and Financials
- Third Party Reports
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,551 CAD | 600 - 700 |
PROPERTY TAXES
| Parcel Number | 390-111-04 | Improvements Assessment | $383,539 CAD |
| Land Assessment | $474,193 CAD | Total Assessment | $857,732 CAD |
PROPERTY TAXES
Parcel Number
390-111-04
Land Assessment
$474,193 CAD
Improvements Assessment
$383,539 CAD
Total Assessment
$857,732 CAD
zoning
| Zoning Code | R-2-6 ((Duplex Residential)A residential district that provides opportunities for duplex development on lots containing a minimum area of 6,000 Sqft.) |
| R-2-6 ((Duplex Residential)A residential district that provides opportunities for duplex development on lots containing a minimum area of 6,000 Sqft.) |
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